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Tag Archives: US economy

The hidden risk to the economy in corporate balance sheets

corporate debt, US economy

NEW YORK (AP) — America has a debt problem, but it’s not what you think. Yes, the federal government owes trillions of dollars more than it did a few years ago. Yes, Americans are still struggling to pay off mortgages and student loans. But it’s the buildup in debt elsewhere that is most worrying some experts, and the big borrower ...

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US producer prices rose in June at fastest pace in 13 months

Producer prices, distillery

WASHINGTON (AP) — Prices charged by U.S. producers rose in June at the fastest pace in 13 months, reflecting a big jump in the price of gasoline and other energy products. The Labor Department says that its producer price index, which measures cost pressures before they reach the consumer, increased 0.5 percent in June. That was the largest one-month jump ...

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The Latest: Fed still expects benefits of cheaper gas

The Washington news conference of Federal Reserve Chair Janet Yellen is shown on a television screen on the floor of the New York Stock Exchange, Wednesday, March 16, 2016. The Fed is keeping short-term interest rates unchanged at a range between 0.25 percent and 0.5 percent, citing the risks posed by global economic and financial turmoil. (AP Photo/Richard Drew)

WASHINGTON (AP) — The latest on the U.S. Federal Reserve’s two-day policy meeting, which ended Wednesday. The central bank kept interest rates steady amid uncertainty about the global economy and financial markets. (All times local) 4:00 Federal Reserve officials are still waiting for cheaper oil and gas to boost consumer spending and perk up the economy. Fed Chair Janet Yellen ...

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Buffett says US economy weaker than he expected but growing

Warren Buffet Berkshire Hathaway

OMAHA, Neb. (AP) — Billionaire Warren Buffett says the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn’t change his optimistic long-term view of the country’s prospects. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire Hathaway shareholders over the weekend. Buffett says the collapse in oil prices ...

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US stocks rebound a day after plunge, led by energy sector

NYSE wall st stocks

U.S. stocks bounced back from an early slide Thursday, recouping some ground a day after their worst drop since September. Energy stocks led the rally as the price of crude oil climbed more than 2 percent. Exxon Mobil and Chevron jumped 4 percent, by far the largest gains in the Dow Jones industrial average. Investors also had their eye on ...

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Analysis: Obama in campaign form in final State of the Union

president barack obama

WASHINGTON — President Barack Obama opened his State of the Union speech saying he’d keep it short, in what must have seemed music to the ears of some in the chamber antsy to get to Iowa to campaign for president. At times, Obama looked like he was one of them, eager to challenge biting criticism from Donald Trump, Ted Cruz, ...

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Oil keeps falling. And falling. How low can it go?

DALLAS  — The price of oil keeps falling. And falling. And falling. It has to stop somewhere, right? Even after trending down for a year and a half, U.S. crude has fallen another 17 percent since the start of the year and is now probing depths not seen since 2003. “All you can do is forecast direction, and the direction ...

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Consumer spending bolsters U.S. second-quarter growth

WASHINGTON – U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. Gross domestic product expanded at a 2.3 percent annual rate, the Commerce Department said on Thursday. First-quarter GDP, previously reported ...

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