US Economy - Page 27

AP - Helped by a record plunge in oil prices, America's trade deficit dropped dramatically in October, falling to the lowest level in 14 months. More Info...  

Reuters - A record drop in oil import prices pushed the U.S. trade deficit in October to its lowest level in more than a year, while U.S. exports rose to a new high, a Commerce Department report showed on Tuesday.

Reuters - U.S. job openings, hires and job turnover rates were little changed in October, the Labor Department said on Tuesday. More Info...  

Reuters - The U.S. trade deficit in October narrowed by the biggest amount in nearly five years, as oil import prices plunged for a second consecutive month and exports edged up to a new record, a Commerce Department report showed on Tuesday.

AP - India's industrial production growth slowed to a 6.2 percent pace in October, its lowest growth rate in 10 months, the government said Tuesday. More Info...  

Economy News

Reuters - Next year will likely bring a second annual decline in existing home sales, the National Association of Realtors predicted on Monday.

Reuters - Next year will likely bring a second annual decline in existing home sales, the National Association of Realtors predicted on Monday.

Reuters - Inventories at U.S. wholesalers rose a larger-than-expected 0.8 percent in October led by autos, machinery and computer equipment, while sales fell 0.5 percent, the government said on Monday. More Info...  

Reuters - China promised on Monday to respond positively to the United States in high-level economic talks this week but drew a line in the sand by telling Washington that its exchange rate is a matter of national sovereignty.

AP - China's economy should expand by 10.5 percent this year as an investment boom surges ahead despite tightening government controls, the country's top planner said in comments reported Monday by state media. More Info...  

Economy News

AFP - The Federal Reserve is likely to maintain steady interest rates at its latest policy meeting, but a sputtering US economy may force the central bank to consider rate cuts soon, analysts say.

AFP - The Federal Reserve is likely to maintain steady interest rates at its latest policy meeting, but a sputtering US economy may force the central bank to consider rate cuts soon, analysts say.

Economy News FT.com - Ben Bernanke's optimism that the US economy is heading for a soft landing received a lift on Friday as data showing strong job creation last month forced more pessimistic bond investors into retreat. More Info...  

FT.com - Ben Bernanke's optimism that the US economy is heading for a soft landing received a lift on Friday as data showing strong job creation last month forced more pessimistic bond investors into retreat. More Info...  

AP - Gearing up for the holidays, employers boosted hiring in November, and hundreds of thousands of jobseekers streamed into the market, nudging the unemployment rate up to 4.5 percent.

Reuters - A stronger-than-forecast 132,000 jobs were created in November, according to a government report on Friday that implied the U.S. economy had more underlying resilience than previously thought.

Reuters - U.S. Treasury Secretary Henry Paulson said on Friday that November's U.S. jobs report was "good news" and indicated economic growth was on a solid path.

Reuters - U.S. consumer sentiment ebbed in December as consumers pared back their view of their future financial conditions, raising concerns on the outlook for spending.

AP - Japan's economy grew at a far weaker pace in the third quarter than previously reported due to downward revisions in consumer spending and capital investment, the government said Friday, raising concerns about the recovery's strength.

Economy News

AP - Consumer borrowing fell in October by the largest amount in 14 years, reflecting a big drop in auto loans.