U.S. Durable Goods Orders Rise 3.3 Percent in April
U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for military and civilian aircraft and an increase in business investment.
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US Unemployment Aid Applications Fall to 340K
(WASHINGTON) — The number of Americans applying for unemployment benefits fell by 23,000 last week, further evidence that the job market is slowly returning to health.
Applications for unemployment aid declined to a seasonally adjusted 340,000 in the week ending May 18, the Labor Department said Thursday. That’s down from 363,000 …
JPMorgan’s Dimon Survives Shareholder Referendum
(TAMPA, Fla.) — Shareholders at JPMorgan Chase will let Jamie Dimon, the chairman and CEO, keep both his jobs.
At the bank’s annual meeting, 32 percent of shareholders voted for a measure that would have required the bank to split the roles. Had the measure succeeded, Dimon would have had to relinquish the role of …
Apple’s Cook to Face Senate Questions on Taxes
(WASHINGTON) — A Senate panel says Apple Inc. is avoiding paying billions of dollars in U.S. taxes, but the world’s most valuable company says it is complying with the laws and pays “an extraordinary amount” in taxes to the U.S. …
U.S. Gas Prices Up 11 Cents Over Past 2 Weeks
(CAMARILLO, Calif.) — The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.
The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.66. Midgrade costs an average of $3.84 a gallon, and premium is $3.98.
Diesel held steady at $3.93 gallon.
Of the …
Report: Yahoo Nearing $1.1B Acquisition of Tumblr
(NEW YORK) — Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company’s website and mobile applications.
The Sunnyvale, Calif., company’s board of directors will meet Sunday evening to consider approving a …
Unemployment Falls in 40 U.S. States, Rises in 3
(WASHINGTON) — Solid hiring helped lower unemployment rates in 40 U.S. states last month, the most since November. The declines show the job market is improving throughout most of the country.
U.S. Weekly Jobless Claims Jump to Highest Level in 6 Weeks
(WASHINGTON) — The number of Americans seeking unemployment aid rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump comes after applications fell to a five-year low.
US Wholesale Prices Fall 0.7 Pct., Most in 3 Years
WASHINGTON — Sharp drops in fuel and food costs reduced a measure of U.S. wholesale prices in April by the most in three years. Outside those volatile categories, inflation stayed low.
The producer price index, which measures price changes before they reach the consumer, fell a seasonally adjusted 0.7 percent in April from …
US Homebuilder Confidence Rises in May from April
Confidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest outlook for sales over the next six months in more than six years.
The National Association of Home Builders/Wells Fargo builder sentiment index climbed to 44 this month from 41 in …
Eurozone Recession Is Now Longest in Currency Bloc
(PARIS) — The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009.
The European Union statistics office said Wednesday that nine of the 17 EU countries that use the euro are in recession, with France a notable addition to the …
Stock Market Rises Back Into Record Territory
(NEW YORK) — The stock market marched back into record territory Tuesday as investors seized on the latest encouraging news about the economy. This time, it was a report on the health of small businesses.
Small business owners were slightly more optimistic in April, according to a survey released by the National Federation of …
