| Oct 30, 2013
| 5:58 PM
WASHINGTON — The Federal Reserve kept intact its large-scale campaign to stimulate the economy, saying it was awaiting more evidence of sustainable progress in the recovery.
Although the Fed's decision Wednesday to hold the line on its monthly...
| Nov 24, 2013
| 5:00 AM
As the hardiest of shoppers prepare for the annual Black Friday consumption frenzy, many are convinced it's their one shot at a great deal.
But "that's not even close to the truth," said Matthew Ong, senior retail analyst at online personal finance...
| Nov 26, 2013
| 9:18 AM
WASHINGTON -- For retailers, this is not comforting news on the eve of Black Friday: Consumer sentiment continued to sag this month, failing to rebound from the plunge in October caused by the federal government shutdown and budget impasse in Washington....
| Nov 27, 2013
| 4:36 PM
For a lot of people, there's nothing black about Black Friday, one of the busiest shopping days of the year, and there's nothing wrong with starting it early.
The Friday after Thanksgiving has been so named because it can turn retailers' ledger sheets...
| Feb 6, 2014
| 11:41 AM
Retail sales growth will speed up, albeit slightly in 2014, rising 4.1 percent compared with an estimated 3.7 percent gain in 2013, the National Retail Federation said Thursday.
The Washington, D.C. based trade group which represents retailers such as...
| Dec 3, 2013
| 5:19 PM
The stock market suffered its first three-day losing streak since late September, an indication that share prices may have gotten ahead of themselves in this year's furious rally.
The Dow Jones industrial average slid below 16,000 as portfolio...
| Oct 29, 2013
| 10:38 AM
You have to hand it to the Peter G. Peterson Foundation for its craftiness. The offspring of hedge fund billionaire Pete Peterson, the foundation knows no obstacles when it comes to pushing its agenda of cutting government spending, especially on Social...
| Nov 5, 2013
| 6:00 AM
We've documented how the chained CPI--that new and supposedly "more accurate" inflation index that deficit hawks want to impose on Social Security--is really just an unwarranted benefit cut for the elderly. (You can find some of our columns on the topic...
| Nov 21, 2013
| 7:41 AM
We've been making the case for years that the proper approach to Social Security is to expand it -- increase benefits and bring more people into its embrace, including college-age survivors of deceased workers. Sen. Elizabeth Warren (D-Mass.) has now made...
| Oct 24, 2013
| 8:10 AM
We'll be seeing lots more data like these, but the White House Council of Economic Advisers is reporting that the government shutdown took a huge bite out of economic growth--and that the impact will linger.
The chart above shows the effect on economic...
| Dec 4, 2013
| 5:38 PM
WASHINGTON — The nation's economic recovery, seemingly stuck in another pothole after the 16-day federal government shutdown, now looks to be back on track again — and accelerating into the new year.
Recent data, especially this week, have...
| Dec 5, 2013
| 5:09 PM
A one-day strike was held Thursday by fast-food workers in cities around the country, including Hartford, in support of raising the minimum wage. Democrats in Congress are pushing a bill that would gradually raise it to $10.10 an hour from $7.25 and...