Economy
The latest financial news, stock market updates and employment information.
US job openings fell in August from July, though employers filled more open jobs
(Seth Wenig, File / Associated Press)
WASHINGTON — U.S. employers advertised slightly fewer jobs in August than July, while they filled the most positions in three months, offering a mixed signal on the job market.
French and Spanish leaders: Europe needs to do what it has promised, then growth will return
PARIS — The leaders of France and Spain said Wednesday that the 17 countries that use the euro already have all the tools they need to solve their debt crisis and now must put their promises into action.
US wholesale businesses boosted stockpiles 0.5 percent in August and sales rose 0.9 percent
(John Raoux, File / Associated Press)
WASHINGTON — U.S. wholesalers increased their stockpiles in August and their sales rose for the first time in four months. The gains could provide a boost to the still-weak economy.
Markets are up. Earnings are down. Here’s what’s really going on.
Alcoa report helps explain why markets are up as earnings are down.
Greek unions declare another anti-austerity general strike to coincide with EU summit
ATHENS, Greece — Greece’s main labor unions have called a general strike for Oct. 18, the day of a European Union summit and a month after a similar strike saw tens of thousands demonstrate and violent clashes break out with police.
Iraq stops paying the salary of convicted fugitive Sunni vice president
BAGHDAD — An Iraqi official says the government has decided to stop paying the salary of the country’s fugitive Sunni vice president, a month after he was sentenced to death for terrorism-related crimes.
Hey, Jack Welch: Question marks don’t help
The most craven part of his defense of his tweet.
Washington DC area housing market appears to be cooling
(Patrick T. Fallon / BLOOMBERG)
The Washington market is still doing better than it was a year ago at this time, but it is not as robust as it was in August.
World economy’s threats range from Europe debt crisis to US budget rift to slower China growth
WASHINGTON — When global finance ministers meet this week in Tokyo, they’ll confront a triple challenge: Economic troubles in three major regions are threatening the world’s economy.
Schumer: Tax reform should cut deficits, not tax rates
(Chip Somodevilla / GETTY IMAGES)
The New York senator says policymakers should focus on cutting debt instead of lowering top tax rate.
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