U.S. Economy

U.S. Economy News

• Crude Drops for First Time in Three Days as Saudis Deny Report of Damage

  Updated 42 minutes ago

  Oil fell for the first time in three days after Saudi Arabia denied a reported pipeline explosion in its Eastern province and as the dollar headed for its biggest weekly gain in two months.

• Treasuries Set for Weekly Loss on Europe Efforts to Stem Crisis, Jobs Data

  Treasuries headed for a weekly loss as European officials took steps to contain the region’s debt crisis and data showed improvement in the U.S. economy.

• Indian Stocks Advance as Economy Outlook Spurs Foreign Buying

  Indian stocks climbed, paring the benchmark index’s second weekly loss, on signs the U.S. economy is strengthening, the debt crisis in Europe is easing, and as overseas investors continued an equity-buying spree.

• Asian Stocks Gain on U.S. Jobs, Europe; Set to Extend Record Weekly Streak

  Asian stocks rose, with the regional benchmark index set to extend its longest weekly winning streak on record, after U.S. jobless claims fell and European leaders agreed to speed up providing a permanent bailout fund for the region’s debt crisis.

• Hong Kong Stocks Rise as U.S. Jobless Claims Fall, Europe Speeds Bailout

  Hong Kong stocks rose after U.S. jobless claims fell and on signs Europe’s leaders will speed up the timetable for setting up a bailout fund to strengthen defenses against the debt crisis.

• Asian Currencies Rally a Third Week as U.S. Data Boosts Investor Sentiment

  Asian currencies advanced for a third week after reports signaled a pickup in U.S. economic growth, spurring inflows into emerging-market assets.

• Japanese Stocks Advance on U.S. Jobs Data, European Bailout Fund Optimism

  Japanese shares advanced, with the Nikkei 225 Stock Average rising to a seven-month high, after U.S. jobless claims fell to a four-year low and on signs European leaders will speed the establishment of a permanent bailout fund to help contain the debt crisis.

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  U.S. Housing Lays Foundation for Recovery

  Updated 47 minutes ago

  Dan Kowalyshyn figures he owes about $200,000 more than what his four-bedroom house is worth today. It faces a cul-de-sac where three of the six homes have been lost to foreclosure since his $570,000 purchase in 2006.

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  Treasuries Decline as Jobless Claims Level Supports U.S. Economic Recovery

  Treasuries fell as a report showed weekly jobless claims matched a four-year low and Federal Reserve Chairman Ben S. Bernanke for the second day failed to indicate the central bank will boost economic stimulus.

• Dollar Falls Versus Higher-Yield Currencies Before U.S. Manufacturing Data

  The dollar depreciated against the majority of its most-traded counterparts as reports showed manufacturing from China to the U.S. expanded in February, increasing speculation that global growth is on the mend.

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