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Durable-Goods Orders Rise
Orders for durable goods unexpectedly rose in June, while a barometer of capital spending by businesses increased, a sign of strength for manufacturing. Separately, new-home sales fell 0.6% but showed tentative signs of stabilizing.
PAGE ONE
Sour Economy Spurs More Oversight
Energy Is Top Economic Issue for Voters
Jobless Claims Soar for Week
Indian Minister Frustrates West at Talks
SEC, Fed Stake Turf on Oversight
Official Will Regulate Mortgage Giants
Group Forms to Protect Ethanol Subsidies
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States Slammed by Tax Shortfalls
Oil Retreat Takes Pressure off Fed
Euro-Zone Data Indicate Risk of Recession
Japan's Trade Surplus Shrinks
Fed Snapshot Isn't Pretty Picture
Sour Economy Spurs More Oversight
The housing and financial crisis is powering a new wave of government regulation. The result is a major challenge to the deregulation that has defined U.S. governance for much of the past quarter-century since the "Reagan Revolution."
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Energy Is Top Economic Issue for Voters
Energy ranks as the economic issue voters say affects them most, according to a Wall Street Journal/NBC poll.
Jobless Claims Soar for Week
Jobless claims soared last week by 34,000, to 406,000. Existing-home sales fell 2.6% last month from May.
Indian Minister Frustrates West at Talks
India's representative to this week's WTO summit talks is pushing hard for developing nations' demands in difficult trade negotiations.
SEC, Fed Stake Turf on Oversight
Cox called on Congress to give the SEC authority to regulate investment-bank holding companies, while New York Fed President Geithner said that the Fed needs to have a direct role in supervising banks that have access to its funding. (Remarks: Cox | Geithner)
Official Will Regulate Mortgage Giants
Congress is finally about to grant more power to the minders of Fannie and Freddie. And housing agency director James B. Lockhart III will have to figure out how best to use that power.
Group Forms to Protect Ethanol Subsidies
A group of U.S. agribusiness companies are uniting in the intensifying food-versus-fuel debate, forming an alliance to promote the idea that technology can ease global supply shortages.
PAGE ONE
States Slammed by Tax Shortfalls
States are being forced to slash spending and cut jobs in order to close a projected $40 billion shortfall in the current fiscal year. That gap is the result of broad economic weakness at the state and local levels that could cause pain throughout this year and into 2010, a report found. (Report)
Oil Retreat Takes Pressure off Fed
A recent drop in the price of oil may give Federal Reserve officials some breathing room to hold interest rates steady -- even as the debate about inflation intensifies.
Euro-Zone Data Indicate Risk of Recession
Further sharp falls in euro-zone business-activity and -confidence surveys raised the risk the bloc will face a recession this year, deepening the gloom in Europe and compounding the challenge for ECB monetary-policy makers.
Japan's Trade Surplus Shrinks
Japan's trade surplus fell 89% as exports shrank for the first time in almost five years, a sign of declining consumer demand globally.
Fed Snapshot Isn't Pretty Picture
Economic activity is weak across most of the U.S., and companies are increasingly worried about growth, the Fed's "beige book" showed. (Full report)
Jul 25, 11:37 am
Credit-card issuers ranging from American Express Co. to Capital One Financial Corp. to Citigroup Inc. will likely face stiff headwinds in the second half of this year. Analysts expect this credit storm to peak at the end of 2008, though it could possibly last through the early part of next year. Companies are grappling with a [...]
Jul 25, 10:22 am
A roundup of economic news from around the Web. Stiglitz on Fannie, Freddie: Joseph Stiglitz, writing for the Financial Times, discusses the problem with a bailout of Fannie Mae and Freddie Mac. Even if they are too big to fail, they are not too big to be reorganized. In effect, the administration is indeed proposing a [...]
Jul 25, 9:00 am
Jul 24, 3:58 pm
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