Economic Recovery | featured news

The U.S. economy is not fully recovered from its deep recession with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech on the importance of community development.

A pair of weak economic reports Thursday show the American recovery remains fragile: Economic growth slowed sharply in the first quarter, and jobless claims unexpectedly jumped last week.

The outlines of President Obama’s reelection strategy are becoming more distinct. He’ll bet that the faltering recovery has enough momentum to sell, particularly to college-educated suburban independents. He’ll find a way to cut a deal with Republicans on deficits that doesn’t completely derail the recovery.

Brent crude rose towards $120 a barrel and U.S. crude hit a 2-1/2-year high above $108 on Monday as unrest in the Middle East and North Africa kept the focus on oil supplies as economic growth bolstered demand for fuel.

Linking economic growth and energy independence, President Barack Obama says shifting the country away from imported oil and toward cleaner forms of energy will help continue a trend that has led to 1.8 million new jobs in the past 13 months.

As the economy recovers, hotel rates are following suit and business travelers are confronting the fact that it’s not necessarily the rate you pay, but what you get for it that matters.

The economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand.

U.S. retail sales climbed at the fastest rate in four months during February, increasing by 1.0% from the previous month to $387.12 billion.

Oil prices tumbled 3 percent Thursday, as economists warned that the recent surge in fuel prices will eventually hurt the fragile economic recovery....

Martin Foil's company sells yarn that winds up in clothes from the Gap, Ralph Lauren and American Apparel, and business is growing. He's buying new machines and hopes to hire as many as 200 workers this year....