U.S. Economy: Consumer Spending Slows, Inflation Accelerates

Spending by U.S. consumers slowed in July as the impact of the tax rebates faded and a pickup in inflation eroded Americans' buying power. […]

Boomers won

Entitlement has become a bit of a swear word. In Washington, D.C., it’s technically a nonpejorative term for government programs like Social Security and […]

German July Import Prices Rise Most in Eight Years

Import-price inflation in Germany, Europe's largest economy, accelerated to the fastest pace in almost eight years in July, led by surging energy costs.
Prices […]

Thai Economic Growth Slows More Than Expected to 5.3%

Thailand's economic growth slowed more than expected in the second quarter, increasing the likelihood the central bank will soon stop raising interest rates.
Southeast […]

Australian Leading Index

Annual growth in an Australian index of leading indicators slowed in June by the most since 2000, reinforcing the central bank's assessment that the […]

Airlines embrace oil decline, but no time to party

A 23 percent drop in oil prices since mid-July brightens the outlook for troubled airlines, but clouds remain thick over the industry, with little […]

Indonesian Confidence Has First Gain in Eight Months

Indonesia's consumer confidence rose for the first time in eight months in July as households anticipated that inflation will slow and incomes will increase. […]

AIG reports $5 billion loss

American International Group Inc. said Wednesday that it lost more than $5 billion in the second quarter, as struggling credit markets stripped several billions […]

Hank the Great? Paulson Copies Frederick With Bonds

In 1769, short of funds to rebuild Prussia after attacks by Russia, Sweden and Austria, Frederick the Great let aristocrats, churches and monasteries raise […]

U.K. Consumer Confidence Drops Most Since 2004, Nationwide Says

U.K. consumer confidence fell the most in at least four years in July after house prices slumped, unemployment rose and inflation accelerated, Nationwide Building […]