Economic Recovery | featured news

Fed chief Bernanke expressed confidence to Congress that the unfolding economic recovery will have staying power, but not fast enough to relieve high unemployment quickly.

Oil prices rose above $85 a barrel Monday, extending gains from last week as investors bet an improving U.S. job market will herald growing crude demand.

A string of fresh economic data Thursday offered hopeful signs of spring, but there’s still a lot of storm damage to clean up.

The 0.3 percent rise in consumer spending in February was considered a respectable showing, given the winter weather.

The 0.3 percent increase, the biggest since November, provided hope that the recovery was gaining momentum.

U.S. stocks rose broadly, with investors encouraged by a government report that job losses were less than expected in February.

Economists had expected the snowstorms to have a bigger impact, but job losses were surprisingly mild in February as employers cut 36,000 jobs.

The industry is beginning to show signs of a recovery, with modest increases in revenue and forecasts of growing demand this year. After more than a year of slumping demand and sinking revenue, the nation's airline industry is beginning to show signs of a recovery, with modest increases in revenue and forecasts of growing demand this year.

American International Group and federal overseers have decided to scrap a plan to use cash flows from life-insurance policies to repay $8.5 billion in federal aid as the market recovery has opened up other options.

While the 20-city home price index rose 0.3 percent from November to December, the index was off 3.1 percent from December a year ago.