economic growth

'Dow 36,000' Co-Author Says This Time, It'll Happen

With the Dow back to record highs, James K. Glassman, co-author of the most infamously wrong investment book of all time, 1999's "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market," has resurfaced to insist that he and Kevin Hassett weren't wrong, just ahead of their time.

Why Smart Investors Should Support Immigration Reform

For the first time in a generation, there seems to be political will on both sides of the aisle to pass new immigration legislation. It's an issue generally framed as a political or cultural one, but it has profound consequences for investors, businesses and the whole U.S. economy.

U.S. GDP Grew at 0.1% Rate in Fourth Quarter

The U.S. economy grew at a 0.1 percent annual rate from October through December, the weakest performance in nearly two years. But economists believe a steady housing rebound in housing and solid business and consumer spending is pushing growth higher in the current quarter.

U.S. Economy Grew at 3.1 Percent in Summer

The U.S. economy grew at an annual rate of 3.1 percent over the summer as exports increased, consumers spent more and state and local governments added to growth for the first time in three years. But the economy is likely slowing in the current quarter.

Manufacturing Rose 1.1% Last Month on Rebound from Sandy

U.S. factories rebounded in November from Superstorm Sandy, boosting production of cars, equipment and appliances. The Fed says factory output increased 1.1 percent from October, offsetting a 1 percent decline from the month before, which was blamed on the storm.

Worker Productivity Growth Revised Upward to 2.9 Percent

U.S. workers were more productive this summer than initially thought, while costing their companies less. The Labor Department says productivity grew at an annual rate of 2.9 percent from July through September. That's the fastest pace in two years.

U.S. Economy Grew at 2.7 Percent Rate in Summer

The U.S. economy grew at a 2.7 percent annual rate from July through September, much faster than first thought. The strength is expected to fade in the final months of the year because of uncertainty about looming tax increases and government spending cuts.

Stock Futures Moving Higher as Budget Talks Proceed

U.S. stock futures are moving higher on optimism over a deal on the U.S. budget ahead of a high-level meeting between the Treasury chief and Senate leaders, as well as improving unemployment and economic growth numbers.

Fed Survey: U.S. Economy Growing at a Steady Pace

A pickup in consumer spending and steady home sales helped lift economic growth in October and early November in most parts of the United States, according to a Federal Reserve survey released Wednesday. The one exception was the Northeast, which was slowed by Superstorm Sandy.

Tax Hike for Wealthy Americans Won't Kill Growth

Allowing income tax rates to rise for wealthy Americans, and maintaining rates for the less affluent, would not hurt U.S. economic growth much in 2013, the Congressional Budget Office said on Thursday, stepping into a dispute between Republicans and Democrats over how to resolve the so-called "fiscal cliff."

Romney or Obama: Whose Win Would Ignite an Economic Boom?

According to our exclusive (but unscientific) poll two-thirds of respondents felt one candidate would be better for the country economically. But does history back up their opinions about which party's presidents bring growth and which bring stagnation? You may be surprised.

Retail Sales Up 1.1% in September

Americans stepped up their spending at retail businesses in September, reflecting their growing confidence in the economy. Retail sales rose 1.1 percent last month, the Commerce Department said. That followed a 1.2 percent increase in August. Both were the largest gains since October 2010.

Fed: Housing Lifts Growth in Most U.S. Regions

Stronger housing markets helped boost economic growth at the end of the summer in nearly every region of the United States, according to a Federal Reserve survey released Wednesday.

U.S. GDP Grew at 1.3% Rate in Second Quarter

The U.S. economy grew at a sluggish 1.3 percent annual rate in the April-June quarter, held back by the severe drought that reduced farm production in the Midwest. The growth rate was lowered from a previous estimate of 1.7 percent, the Commerce Department said Thursday.

Tax the Rich, Kill the Economy? Proof It Doesn't Work That Way

Mitt Romney says the key to getting America's growth back on track is cut taxes even further on the wealthy. But would cutting taxes on "job creators" actually do that? No -- at least not according to the data compiled by nonpartisan Congressional Research Service.

Higher Gas Costs in August Push Consumer Price Index Higher

More expensive gas drove up consumer prices in August by the most in three years. But outside of energy costs, inflation was tame. The CPI rose a seasonally adjusted 0.6% last month, the first increase since March and higher gas prices accounted for 80% of the increase.