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economy

Photo Credit: Alex Wong, Getty Images
Photo Credit: Alex Wong, Getty Images
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Yellen Say Fed Still ‘Patient’ on Raising Rates

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says the Federal Reserve remains patient in deciding when to start raising interest rates because too many Americans remain unemployed, wage growth remains sluggish and inflation is running below the Fed's target.

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Adam Berry, Getty Images
Adam Berry, Getty Images
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White House: Higher Wages Needed To Make Up For Stagnation

WASHINGTON (AP) — President Barack Obama's top economists say that even as the U.S. has managed to kick-start a lasting and growing recovery, modest wage gains are far from making up for decades of paycheck stagnation for middle-class workers.

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Photo Credit: Sean Gallup, Getty Images
Photo Credit: Sean Gallup, Getty Images
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US Wholesale Stockpiles Record Smallest Gain in 17 Months

WASHINGTON (AP) — U.S. wholesale businesses increased their stockpiles in December at the slowest pace in 17 months, and sales were weak for a fifth month.

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RadioShack
Photo by Justin Sullivan/Getty Images
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New Hartford, Rome, Oneida Radio Shack Locations On ‘Potential Store Closure’ List

Radio Shack has filed for Chapter 11 bankruptcy and the electronics chain has named several Central New York locations on a "Potential Store Closure" list.

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Bill Pugliano, Getty Images
Bill Pugliano, Getty Images
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Obama Drops The Tempered Tone Of His Economic Message

WASHINGTON (AP) — President Barack Obama is dropping the qualifications that tempered his economic message last year, choosing a bullish new pitch that the recovery is strong and widespread.

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Photo Credit: Sean Gallup, Getty Images
Photo Credit: Sean Gallup, Getty Images
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Russians Optimistic for 2015 Despite it All

MOSCOW (AP) — At the vast skating rink in Moscow's Gorky Park, Russians say they're looking forward to a 2015 that will be as smooth as the ice, despite the country's economic and political difficulties. The ruble has sunk, tensions with the West are up, but the troubles seem to have produced a surge in national pride.

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Solid US Hiring Likely, But Americans Are Anxious

WASHINGTON (AP) — Economists are forecasting that employment data being released by the government this morning is in line with recent strong gains.

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Report: Private Student Loan Borrowers Can’t Get Help

WASHINGTON (AP) — A new report by a federal consumer advocacy office says many Americans saddled with high-cost private student loans are falling into default.

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Photo Credit: Jeff J. Mitchell, Getty Images
Photo Credit: Jeff J. Mitchell, Getty Images
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$40 Million for Counseling, Lawyers for Homeowners

ALBANY, N.Y. (AP) — New York's attorney general says another $40 million will go to organizations providing counseling and legal services to struggling homeowners, extending the existing program for two more years.

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Photo Credit: Mike Theiler, Getty Images
Photo Credit: Mike Theiler, Getty Images
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Economy Expected to Continue Steady Recovery

UNDATED (AP) — A quarterly survey of 46 economic forecasters generally predicts steady growth but they don't agree on the health of specific segments of the U.S. economy.

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