Economic Recovery | featured news

Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up?

The recession may have slashed demand while supplies have swelled, but oil is being hoarded as producers and investors await an economic recovery.

 

European and Asian Shares Slide

Investors booked gains on last week’s rally and turned cautious about claims that the global economy is past the worst and ready to recover.

 

U.S. Jobless Rate Hits 8.9%, but Pace of Losses Eases

U.S. Jobless Rate Hits 8.9%, but Pace of Losses Eases

The economy lost 539,000 jobs in April, the government reported on Friday, a sign that the relentless pace of job losses was starting to level off.

 

U.S. Retailers See Signs of Easing in Sales Slowdown

U.S. Retailers See Signs of Easing in Sales Slowdown

Weak consumer spending continued in April, but some retailers posted sales gains, or slighter declines than in the past.

 

Bernanke: The End Is Near

Bernanke: The End Is Near

If the financial system does not relapse, the economy will return to growth this year, Fed chairman says.

 

Upbeat Earnings Boost Stocks

Stocks climbed as companies continued to report stronger-than-forecast results, though new data offered mixed signals on an economic recovery.

 

G7 signals worst of world recession may be over

G7 signals worst of world recession may be over

Finance chiefs from the G7 powers said on Friday the global economy may be pulling out of the depths of a recession although recovery was not yet assured, and they pledged to make certain big financial firms are sound.

 

Geithner says most banks have sufficient capital

Geithner says most banks have sufficient capital

Treasury Secretary Timothy Geithner said on Tuesday that most U.S. banks have enough capital to keep lending but a pile of bad debts is fostering doubts about their health and slowing a recovery.

 

Obama: Economic remedies yield signs of progress

President Barack Obama said on Tuesday his administration was confronting the economic crisis on all fronts and seeing signs of progress as he sought to reassure recession-weary Americans about his recovery strategy.

 

JPMorgan CEO sees "modest signs" of recovery

JPMorgan CEO sees

JPMorgan Chase & Co Chief Executive Jamie Dimon said on Wednesday he sees "modest signs" of an economic recovery and endorsed a plan to create a U.S. systemic risk regulator.

 

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