US Economy - Page 36

FT.com - Earnings momentum lifted European equity markets from early weakness, helping offset the effects of falling Wall Street indices after further evidence of a slowing US economy. More Info...  

FT.com - European equities fell on Thursday after further evidence of a slowing US economy hit Wall Street indices. More Info...  

Economy News

AP - Manufacturing expanded at the slowest pace in more than three years, and construction spending declined as housing continued to suffer through its longest stretch of weakness since 1995.

Reuters - U.S. manufacturing growth edged closer to stagnation in October as a housing-led economic slowdown hurt demand across a wide variety of sectors, according to reports on Wednesday.

FT.com - More evidence of a slowing US economy sparked further gains in US Treasury bonds on Wednesday as expectations of cuts in interest rates early next year were bolstered. More Info...  

FT.com - More evidence of a slowing US economy sparked further gains in US Treasury bonds on Wednesday as expectations of cuts in interest rates early next year were bolstered. More Info...  

FT.com - Gold rose to a seven-week high on Wednesday after data indicated further weakness in the US economy, driving the dollar lower. More Info...  

Reuters - Growth in U.S. factory activity fell to its lowest in more than three years in October, a survey showed on Wednesday, in another sign of a slowing economy that could prompt an interest rate cut next year.

Reuters - Pending sales of existing U.S. homes fell 1.1 percent in September but demand was expected to hold steady in the coming months, a realtors trade association said on Wednesday.

AP - The government will raise $32 billion next week as part of a total of $63 billion in borrowing planned for the final three months of this year, the Treasury Department announced Wednesday. More Info...  

Reuters - U.S. private employers likely added 128,000 jobs in October, a survey by a private employment service said on Wednesday.

AFP - Oil prices have been easier in Asian trade on further signs of a weakening US economy which may cut demand in a well supplied market, dealers said.

Reuters - Stung by plans for multibillion-dollar conversions to tax-advantaged income trusts, Finance Minister Jim Flaherty shocked markets on Tuesday when he announced plans to tax the sector.

Economy News

AP - Wages and benefits paid to American workers rose in the July-September period at the fastest pace in more than two years.

Reuters - Pressure on the U.S. labor market from the outsourcing of traditionally white-collar jobs is just starting to build, according to a new study.

FT.com - Here we go again. On Tuesday, disappointing data from the US spooked world markets, appropriately enough on Halloween. Once more, the betting is that the US economy is set for a sharp downturn. Graphs of the dollar against the main alternative currencies, and of Treasury bond yields, all show the trajectory of a jet heading for a hard landing. More Info...  

Reuters - U.S. consumer confidence and growth in business activity in the Midwest ebbed in October, economic data showed on Tuesday, spurring market expectations the Federal Reserve could trim interest rates next year to bolster growth.

AP - Consumers' confidence in the economy weakened a bit in October, as job worries offset the benefits from falling gasoline prices, a New York-based private research group said Tuesday.

Reuters - U.S. consumer confidence slipped slightly in October, weakened by consumers' less favorable view of the job market, a survey showed on Tuesday.

Reuters - WASHINGTON (Reuters) -U.S. employment costs rose a bigger-than-expected 1.0 percent in the third quarter, the largest increase in more than two years, as wages, salaries and benefits advanced during the quarter, a government report showed on Tuesday. More Info...