Economy, Good News | featured news

The economy sank at a pace of 0.7 percent in the spring, a better-than-expected performance that provided more evidence that the recession was ending.

U.S. consumer sentiment rose in late September to the highest since January 2008 as expectations of an economic rebound gathered momentum, a survey showed on Friday.

Report is better than analysts expected; new jobless claims, total benefit rolls also drop.

Consumer sentiment rose more than expected in August, an indication that Americans' pessimism about the economy may be lifting.

Investors are holding on to their optimism about the economy, sending stocks to fresh 2009 highs. Market indicators rose about 0.5 percent in midday trading Monday, following a surge in overseas markets and extending a big advance from last week.

Central bankers from around the world are starting to focus on how to unwind the policies they used to fight the global financial crisis.

Ben S. Bernanke offered his most hopeful assessment of the economic situation in more than a year.

The United States economy is out of the emergency room and appears to be on a slow path to recovery, Warren Buffett wrote in an opinion column in the New York Times.

The global economic recovery has begun but sustaining it will require refocusing the United States toward exports and Asia toward imports, the International Monetary Fund's chief economist said.

Pedal to the metal, Congress sent President Barack Obama legislation Thursday night with an additional $2 billion for "cash for clunkers," the economy-boosting rebate program that caught the fancy of car buyers and instantly increased sales for an auto industry long mired in recession.