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Economy Newswire |
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| 07/07/2003 |
U.S.
Manufacturing Shrank in June But Increase in New Orders May Lead
to Rebound Later in Year advertisement By John M. Berry
Washington Post Staff Writer Wednesday, July 2, 2003; U.S.
manufacturing activity contracted in June for the fourth month
in a row, but it did so only slightly while a rising number of
new orders indicated the sector will expand in the second half
of the year, the Institute for Supply Management reported
yesterday.
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| 06/09/2003 |
![]() The average rate on a 30-year fixed-rate mortgage fell to 5.26 percent in the week ending yesterday, from 5.31 percent the previous week, Freddie Mac reported. The new rate was the lowest in more than four decades. Fifteen-year fixed-rate mortgages fell to 4.66 percent, from 4.73 percent, while the rate on adjustable mortgages fell to 3.59 percent, from last week's 3.63 percent. |
| 05/09/03 |
WASHINGTON
(CNN) - Tax cuts sought by President Bush will provide a big boost
to the nation's economy, which is still feeling the effects of the
Sept. 11, 2001 terrorist attacks, U.S. Treasury Secretary John
Snow said Sunday.
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![]() Stock rally reloaded Tech forecasts bring investors back in after two days of selling. Major indexes higher on week NEW YORK (CNN/Money) - Stocks surged Friday, with buyers raring to rally after a two-session selloff. The Nasdaq and the S&P 500 carved out a fourth week of gains, while the Dow saw its second up week. |
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Washington Post
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| 02/24/2003 |
![]() February 24, 2003: NEW YORK (Reuters) - Economists roll back forecasts. First-quarter growth seen at 2.2%, down from earlier estimate of 2.6%; '03 growth pegged at 2.5%. Private-sector economists have cut their U.S. growth forecasts for this quarter and trimmed them for the whole of 2003, a Federal Reserve Bank of Philadelphia survey said Monday. |
| 02/19/2003 |
The average retail price for regular gasoline in San Francisco was $2.044 a gallon Wednesday, while premium grades in cities like Los Angeles and Oakland were also above $2, according to the American Automobile Association. |
| 02/18/2003 |
![]() PC vendors will ship 33.2 million units worldwide in the first quarter, up 4.8 percent from a year earlier, Dataquest, a unit of Gartner, said Tuesday. The market is expected to rebound later in the year as businesses start replacing PCs bought in the late 1990s as part of investments to fix Year 2000 (Y2K) problems, Dataquest said. Full-year shipments are expected to reach 138.7 million units, up 7.9 percent compared with 2002 |
| 02/10/2003 |
![]() February 4, 2003: By Mark Gongloff, CNN/Money NEW YORK (CNN/Money) - The White House budget proposal released this week makes some assumptions about the economy and interest rates that could be overly optimistic -- especially if the economy stays stuck in the mud much longer. The White House Office of Management and Budget said it based its budget outlook for 2003-2008 on the assumption the U.S. economy would grow 2.9 percent in 2003 and average 3.3 percent growth between 2003 and 2008. |
| 02/03/2003 |
February
3, 2003 WASHINGTON (Reuters) - The Bush administration's 2004
budget Monday forecast halcyon days for the world's richest
economy, predicting rapid economic expansion, falling unemployment
and muted price rises for the next few years.
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Jan
30, 2003. The government reported Thursday the world's
largest economy grew at a meager 0.7 percent pace in the fourth
quarter and just a sluggish 2.4 percent for all of 2002. That
followed 0.3 percent growth in 2001, when the economy was in the
throes of recession.
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