Federal Reserve Chair Janet Yellen speaks during a news conference at the Federal Reserve in Washington. Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. (AP Photo/Susan Walsh, File)
WASHINGTON | Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his app…
Whistling in the dark
WASHINGTON | U.S. employers are sending a message of confidence in the economy — hiring more workers, raising pay and making the job market appear strong enough for the Federal Reserve to slow its bond purchases as early as September.
The NHL said Thursday that it has canceled the hockey season through Oct. 24, a total of 82 games, because of the ongoing lockout.
NEW YORK | What seemed inevitable for the NHL has now become reality. The league canceled the first two weeks of the regular season on Thursday, the second time games have been lost because of a lockout in seven years.
WASHINGTON | Below is the statement the Fed released Thursday after its policy meeting:
Serena Williams celebrates with the trophy after defeating Agnieszka Radwanska to win the women's final match Saturday at the All England Lawn Tennis Championships at Wimbledon, England.
WASHINGTON | President Barack Obama is casting Mitt Romney as a greedy, job-killing corporate titan with little concern for the working class in a new, multi-pronged effort that seeks to undermine the central rationale for his Republican rival's candidacy: his business credentials.
It's the latest display of the breadth and strength of the economic recovery. The country has put together the most impressive three months of job growth since before the Great Recession.
President Barack Obama is making a strong election-year push for an economic revival "built on American manufacturing." But he faces an uphill slog, with little consensus even within his own party on how to do it.
Americans spent more on cars and trucks, and companies restocked their shelves at the strongest pace in nearly two years, helping the U.S. economy reach its fastest growth rate of last year.
The Phantom of Las Vegas is singing his final opera.
The long-suffering job market is ending the year better off than it began. The number of people applying for unemployment benefits each week has dropped by 10 percent since January.
KOKOMO | In a quiet park on the eastern edge of this auto manufacturing town, a gleaming ring of black granite walls and monuments stands in solemn tribute to the war dead. Hundreds of names are etched in stone, many of them long forgotten to history.
In the latest sign that the economy is surging at year's end, unemployment claims have dropped to the lowest level since April 2008, long before anyone realized that the nation was in a recession.
Fair victims deserve better deal
The U.S. economy will muddle through the next year without a recession, but growth-predicted to be 2.4 percent-will be too weak to make much of a dent in the unemployment rate, forecasters believe.
NEW YORK | NBA owners apparently weren't bluffing when they said they wanted competitive balance just as much as a chance to profit.
Are investors overreacting to the prospect of a recession? The slightly better jobs report on Friday notwithstanding, the odds of a recession appear to be climbing, and that's bringing back scary memories.
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