Economy News

WASHINGTON - The recovery lost momentum in the spring as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment. Full Story »

NEW YORK (Reuters) - Consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey released on Friday showed. Full Story »

WASHINGTON - President Barack Obama is going to the heart of the U.S. auto industry to push an important election-year claim: his administration's unpopular auto industry bailout has turned into an economic good-news story. Full Story »

WASHINGTON (AFP) - US economic growth slowed dramatically to 2.4 percent in the second quarter of this year, the Commerce Department said Friday, prompting fears the recovery is losing steam. Full Story »

BEIJING (Reuters) - China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty. Full Story »

WASHINGTON (Reuters) - Economic growth slowed in the second quarter as a capital investment drive by businesses sucked in imports at the fastest pace since the first quarter of 1984. Full Story »

WASHINGTON - The recession was deeper than the government previously thought. Full Story »

WASHINGTON - Economic growth slows to 2.4 percent pace in second quarter, weakest pace in nearly a year. Full Story »

WASHINGTON (Reuters) - St. Louis Federal Reserve Bank President James Bullard on Friday said there is unanimity among officials on the central bank's policy-setting panel over providing more support to the economy if the recovery suffers a serious setback. Full Story »

LONDON (AFP) - World oil prices fell Friday as traders awaited news of an expected economic slowdown in top energy consumer the United States. Full Story »

LONDON (AFP) - The dollar sank to a 2010 low against the yen on Friday but firmed against the euro amid concern over the prospects for the world's top economy as investors await key US growth data. Full Story »

LONDON (AFP) - Europe's main stock markets fell on Friday as investors looked ahead to key economic growth figures from the United States, after dissecting news of a major takeover, company earnings and eurozone data. Full Story »

PARIS (Reuters) - Airbus parent EADS made sweeping increases in its financial forecasts on Thursday and pledged to increase jetliner production after a spate of new orders raised hopes of an end to a steep industry recession. Full Story »

TOKYO - Japan received a sobering reminder Friday of its fragile recovery: The jobless rate rose, deflation deepened, and factories made fewer cars and mobile phones. Full Story »

WASHINGTON (AFP) - The International Monetary Fund on Friday said more stimulus spending might be needed to aid a slow US economic recovery, wading into a toughly-fought political debate in Washington. Full Story »

WHAT TO DO? Debate is intensifying at the Federal Reserve over how best to cope with a weakening recovery. Full Story »

TOKYO (Reuters) - St. Louis Federal Reserve Bank President James Bullard said the risk of deflation in the United States has risen somewhat compared with the beginning of this year, the Nikkei newspaper reported. Full Story »

WASHINGTON (Reuters) - Senate Republicans blocked a $30-billion plan to help community banks boost lending to small businesses, dealing a blow to President Barack Obama's election-year battle to reduce unemployment. Full Story »