- Fed: US growth stays moderate during shutdown
WASHINGTON (AP) — A Federal Reserve survey shows the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.
- Stocks edge lower as investors weigh economic news
NEW YORK (AP) — Stocks edged lower Wednesday as investors weighed conflicting economic reports and assessed the outlook for Federal Reserve stimulus.
- US service sector grows at slower pace last month
WASHINGTON (AP) — U.S. service sector firms grew in November at the weakest pace since June, evidence that cautious spending by consumers and businesses may be slowing growth.
- US new-home sales jump in Oct. after Sept. drop
WASHINGTON (AP) — Americans ramped up purchases of new homes in October after three months of soft sales, evidence that the housing recovery is improving fitfully.
- Survey: US companies add 215K jobs, most in year
WASHINGTON (AP) — A private survey shows U.S. businesses last month added the most jobs in a year, powered by big gains in manufacturing and construction.
- Obama: Income inequality a defining challenge
WASHINGTON (AP) — President Barack Obama turned his focus Wednesday to the pocketbook issues that Americans consistently rank as a top concern, arguing that the dream of upward economic mobility is breaking down and the growing income gap is a "defining challenge of our time."
- CEOs more optimistic about economy and hiring
WASHINGTON (AP) — A survey of chief executives at the largest U.S. companies shows a growing number are slightly more optimistic about the economy's prospects for the next six months and expect to boost hiring.
- Detroit bankruptcy decision puts pensions at risk
DETROIT (AP) — A judge has given Detroit the green light to cut pensions as a way out of the largest municipal bankruptcy in U.S. history, a decision that puts the case in the laps of thousands of retirees who had hoped that the Michigan Constitution would protect them from getting smaller checks in their golden years.
- Iran readies for big oil production hike
VIENNA (AP) — Iran indirectly challenged OPEC kingpin Saudi Arabia on Wednesday, announcing it plans to pump as much oil as it can once sanctions on its crude exports are lifted, even if its extra output drives prices into the basement.
- How will it end? Portugal seeks bailout closure
LISBON, Portugal (AP) — Portugal wants to look like Ireland, but it can't disguise its resemblance to Greece.