ISM says service sector contracts at slowest pace since Oct.; recovery likely to be slowNEW YORK — The U.S. service sector shrank last month at the slowest pace since late last year and orders to U.S. factory orders rose in April, but the improvements were incremental and economists say a real recovery will be long and slow. Despie higher consumer confidence, analysts predict May sales dip as recession drags onNEW YORK — The weather has finally thawed, so what about the icy grip consumers have kept on their wallets? Treasurys tumble amid weak dollar, surge on Wall Street as economy shows signs of recoveryNEW YORK — Interest rates surged in the credit markets Monday as economic worries eased and investors dumped U.S. government debt for riskier investments like stocks and commodities. Wall Street extends gains after upbeat data on construction spending, US manufacturingNEW YORK — Stocks are extending their gains on news that construction spending and manufacturing activity are improving. Wall Street rises in morning trading on upbeat data on consumer spending, manufacturingNEW YORK — Stocks are starting June with a gain, as upbeat data on overseas manufacturing and U.S. consumer spending added to hopes for a global economic recovery. Wall Street rise in early trading on upbeat data on consumer spending, manufacturing dataNEW YORK — Stocks are starting June with a gain, as upbeat data on overseas manufacturing and U.S. consumer spending added to hopes for a global economic recovery. Wall Street appears headed for higher open on upbeat data on consumer spending, manufacturingNEW YORK — Stock futures pointed to a higher open Monday as upbeat data on overseas manufacturing activity and U.S. consumer spending added to hopes that the global economy may soon recover. Wall Street appears headed for higher open on upbeat data on consumer spending, manufacturingNEW YORK — Stock futures are extending their gains following a report showing a smaller-than-expected dip in consumer spending. Consumers trim spending by smaller-than-expected 0.1 percent; savings rate soarsWASHINGTON — Frugal consumers trimmed spending in April — although by less than expected — as rising unemployment kept pocketbooks in check and motivated Americans to save. Consumers spending takes smaller-than-expected dip in April; income growth helped by stimulusWASHINGTON — Frugal consumers trimmed spending in April — although by less than expected — as rising unemployment kept pocketbooks in check. Japan’s industrial output jumps at fastest rate in 56 years, but joblessness also risesTOKYO — Japan’s industrial production jumped at the fastest pace in 56 years in April, signaling a recovery among manufacturers, but rising joblessness and falling prices clouded prospects for the world’s second-biggest economy. Wall Street modestly higher despite worse-than-expected unemployment reportNEW YORK — Hard-hit retail stocks drew investors into the market Thursday after some profit reports weren’t as bad as feared. Wall Street opens modestly higher despite worse-than-expected unemployment reportNEW YORK — A worse-than-expected report on weekly jobless claims wasn’t enough to dampen the stock market early Thursday. Stock futures mostly lower after worse-than-expected unemployment reportNEW YORK — Stock futures pointed toward a mostly lower opening Thursday after a worse-than-expected report on unemployment benefit claims reinforced worries about the timing of an economic recovery. Retail sales dip in April for 2nd straight month, raises new worries about start of recoveryWASHINGTON — Retail sales fell in April for a second straight month, dashing hopes that consumer spending was starting to revive and would help end the recession. Wall Street pulls back after weaker-than-expected retail sales report, jump in foreclosuresNEW YORK — Investors are looking at the economy more skeptically. Judging by trucking, recovery’s not at hand and better days are farther down the roadNEW YORK — Looking for signs of economic recovery? Try counting the number of trucks on the road. Wall Street falls in afternoon trading amid weaker-than-expected retail sales reportNEW YORK — Investors retreated further from the stock market Wednesday and turned to bonds instead after the government reported disappointing retail sales for April. Wall Street falls in midday trading amid weaker-than-expected retail sales reportNEW YORK — Wall Street fell sharply Wednesday after the government reported weaker-than-expected retail sales in April. The Dow Jones industrial average fell more than 2 percent. Wall Street falls in midday trading amid weaker-than-expected retail sales reportNEW YORK — Wall Street fell sharply Wednesday after the government reported weaker-than-expected retail sales in April. Wall Street falls in morning trading amid weaker-than-expected retail sales reportNEW YORK — Wall Street fell sharply Wednesday after the government reported weaker-than-expected retail sales in April. Investors put 2-month rally on hold; Financials sink as 4 banks announce capital raisesNEW YORK — Investors cashed in some of their gains Monday as financial stocks pulled back following last week’s advance. Investors shift focus from banks to consumers ahead of retail earnings, spending reportsNEW YORK — After a week when investors were reassured by the government’s assessment of the banking industry and its latest reading on the job market, Wall Street’s focus turns to the consumer. Investors shift focus from banks to consumers ahead of retail earnings, spending reportsNEW YORK — After a week when investors were reassured by the government’s assessment of the banking industry and its latest reading on the job market, Wall Street’s focus turns to the consumer. Consumer borrowing falls in March at fastest pace in over 18 years, Americans saving moreWASHINGTON — Consumer borrowing plunged in March at the fastest pace in 18 years as Americans put away their credit cards and hoarded cash amid the worst recession in decades. Bernanke sounds most optimistic tone yet, says economy should start growing again later in ‘09WASHINGTON — Federal Reserve Chairman Ben Bernanke gave his most optimistic prediction yet Tuesday about the end of the recession, saying he expects the economy to start growing again this year — although the comeback could be weak and more jobs will disappear even after a recovery takes hold. Bernanke says economy should pull out of a recession and start growing again later this yearWASHINGTON — Federal Reserve Chairman Ben Bernanke told Congress Tuesday the economy should start growing again later this year, his most optimistic assessment of the country’s financial health since the recession struck with force last year. Crisis forcing Asia to reduce its reliance on exports, but many countries unprepared for shiftBALI, Indonesia — Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies in the region are unprepared for such a profound shift. Asian markets rise on hopes for US economy, fading swine flu worries; Taiwan jumps 5.6 percentSEOUL, South Korea — Asian stock markets rose Monday, led by Taiwan, on optimism about emerging strength in the U.S. economy and easing fears about swine flu. Asian markets rise on hopes for US economy, fading swine flu worries; Taiwan jumps 6 percentSEOUL, South Korea — Asian stock markets rose Monday on optimism about emerging strength in the U.S. economy and easing fears about swine flu. |
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