WASHINGTON — The Federal Reserve offered a mixed message on the U.S. economy Wednesday: Growth is strengthening, and the unemployment rate is steadily falling. Yet by some measures, the job market remains subpar.
The economy grew at a fast 4 percent annual rate in the April-June quarter.
Mostly amiable night raises the question: Is there a fastballer in the house?
WASHINGTON — The much-stronger-than-expected 4 percent rate of annual U.S. economic growth from April through June, reported Wednesday by the Commerce Department, put to rest fears that the U.S. economy was slipping into low gear.
FILE - In this July 2, 2014, file photo, Federal Reserve Chair Janet Yellen speaks at the International Monetary Fund in Washington. The Federal Reserve is widely expected to make sixth reduction in bond purchases Wednesday, July 30, 2014. (AP Photo/Susan Walsh, File)
MOSCOW — U.S. and European sanctions against Russia’s energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for Ukrainian insurgents.
Russian President Vladimir Putin, background center, heads the Cabinet meeting in the Novo-Ogaryovo residence, outside Moscow, Russia, Wednesday, July 30, 2014. The meeting focused on measures to encourage Russian companies to pull their assets back from offshore. The United States and the E…
In this July 29, 2014 photo, jeweler Murray Cadenhead works on repairing a piece of jewelry at Perry's Fine Jewelers on Independence Boulevard in Wilmington, N.C. The government issues its first of three estimates of how fast the U.S. economy grew in the April-June quarter on Wednesday, July…
SANAA, Yemen (AP) — Fuel prices in Yemen nearly doubled Wednesday as the government ended a fuel subsidy program costing billions of dollars, sparking scattered demonstrations that saw one person killed as authorities quickly dispersed protesters, security officials said.
Yemenis set tires on fire during a protest against the inflation of fuel prices in Sanaa, Yemen, Wednesday, July 30, 2014. Yemeni protesters blocked roads by burning tires on streets in the Yemeni capital against the government's decision to raise fuel prices. The fuel crisis which hit the c…
A Yemeni man sets a tire on fire during a protest against the inflation of fuel prices in Sanaa, Yemen, Wednesday, July 30, 2014. Yemeni protesters blocked roads by burning tires on streets in the Yemeni capital against the government's decision to raise fuel prices. The fuel crisis which hi…
That means "roughly, every third person you pass on the street."
WASHINGTON — Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia.
President Obama announces new economic sanctions against key sectors of the Russian economy in an effort to force Russian to end its support for Ukrainian rebels.
A Visa credit card is tendered at the opening of a Superdry store in New York's Times Square. More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday.
Last month, after a tractor-trailer collided with a vehicle carrying actor Tracy Morgan and others, national attention focused — briefly — on the serious issue of fatigued truck drivers.
NEW YORK — The fight for penny pinchers is intensifying.
As the U.S. reduces its own carbon pollution, it is exporting more of it abroad.
WASHINGTON — Medicare’s financial stability has been strengthened by the Affordable Care Act and other forces that have been subduing health-care spending, according to a new official forecast that says the fund covering the program’s hospital costs will remain solvent until 2030 — four year…
WASHINGTON — In the months since the United States imposed sanctions on Russian businesses and close associates of President Vladimir Putin, an odd thing has happened: U.S. exports to Russia have risen.