Economies

ECB Head Draghi: Growth Is ‘Too Low Everywhere’ in Europe

European Central Bank Governor Mario Draghi arrives for a meeting of the eurogroup finance ministers at the EU Council building in Brussels on Monday, May 11, 2015. (AP Photo/Geert Vanden Wijngaert)
European Central Bank Governor Mario Draghi arrives for a meeting of the eurogroup finance ministers at the EU Council building in Brussels on Monday, May 11, 2015. (AP Photo/Geert Vanden Wijngaert)

SINTRA, Portugal — European Central Bank head Mario Draghi said that “growth is too low everywhere” in the 19-country eurozone despite a modest recovery. Draghi...




  • Cedar Point’s new Rougarou floorless roller coaster has a werewolf theme. (AP Photo/Cedar Point)

    Theme Parks Turning Aging Coasters Into New Thrill Rides

    Bigger, faster, and more extreme are what count when it comes to roller coasters. So what’s an amusement park to do with aging coasters when... Read more

  • A staff member counts money at a branch of the Bank of China. (ChinaFotoPress/Getty Images)

    China Officially Lost the Most Money on Record, the Unofficial Estimates Are Even Scarier

    As with all data coming out of China, it needs to be taken with a grain of salt. Some of it is higher than reality, some... Read more

  • One Federal Reserve Bank is actually good at making forecasts (iStock)

    The Most Accurate Forecast for Second Quarter GDP Doesn’t Paint a Rosy Picture

    Usually, forecasts by members of the Federal Reserve and its statistical departments have to be taken with a grain of salt. Former chairman of the... Read more

  • Missouri Siblings Named Nation’s Top Small Business Persons

    KANSAS CITY, Mo.—Alan Doan’s entrepreneurial dreams were to start the next Facebook or Google. Instead, the 32-year-old laid-off software worker started a quilting business with... Read more

  • Meat labels are seen at a grocery store in Washington, Tuesday, May 19, 2015. (AP Photo/Andrew Harnik)

    Shoppers Could Soon Have Difficulty Finding Meat’s Origin

    WASHINGTON—Shoppers could soon have a harder time finding out where their red meat comes from. The World Trade Organization ruled Monday that the U.S. “country... Read more

  • A woman walks through a residential estate in Hong Kong on December 30, 2013. China's real estate has stopped collapsing in April, but the situation remains precarious. (Dale de la Rey/AFP/Getty Images)

    These Drastic Measures Helped China Stabilize Its Real Estate Decline

    Since the housing bubble burst in China last year, prices have been in free-fall for eight months. However, some people see signs of a bottom... Read more

  • a Southwest Airlines jet takes off from Washington's Ronald Reagan National Airport. (AP/J. Scott Applewhite)

    Summer Skies: Airlines to Fly Record Number of Passengers

    NEW YORK—A record number of travelers are expected to take to the skies this summer thanks to a rebounding economy. U.S. airlines will carry 222... Read more

  • A security guard outside a bank in Beijing on July 3, 2014. China and the Western-led IMF are very close on reaching an agreement on increasing Chinese influence on the global financial system. (GREG BAKER/AFP/Getty Images)

    The Tug of War Behind China’s Bid to Become a Financial Superpower

    China wants to have more say in the international community and it is using the International Monetary Fund as a vehicle. Behind the scenes, the whole process... Read more

  • This March 31, 2015 photo shows an oil sheen drifting from the site of the former Taylor Energy oil rig in the Gulf of Mexico, off the coast of Louisiana. The AP's review of more than 2,300 pollution reports since 2008 found they didn't match official accounts of a diminishing leak. In fact, the reports show a dramatic spike in sheen sizes and oil volumes since Sept. 1, 2014. (AP Photo/Gerald Herbert)

    US Says Decade-Old Gulf Oil Leak Could Last Another Century

    WASHINGTON— For more than a decade, oil has been leaking into the Gulf of Mexico where a hurricane toppled a drilling company’s platform off the... Read more

  • A small flotilla of kayakers and other protest boats follows as the oil drilling rig Polar Pioneer is towed toward a dock Thursday, May 14, 2015, in Elliott Bay in Seattle. The rig is the first of two drilling rigs Royal Dutch Shell is outfitting for oil exploration and was towed to the Port of Seattle site despite the city's warning that it lacks permits and threats by kayaking environmentalists to paddle out in protest. (AP Photo/Elaine Thompson)

    Anti-Arctic Drilling Kayaktivists Hold ‘Shell No’ Protest

    SEATTLE— Activists opposed to drilling for oil in the Arctic plan to launch a flotilla of kayaks and other boats on Seattle’s Elliott Bay on... Read more

  • the Wall Street entrance of the New York Stock Exchange, in New York. U.S. stocks opened lower Wednesday, April 29, 2015.  (AP/Richard Drew)

    European Shares Gain on ECB Reassurance Over Stimulus

    LONDON— European stock markets tracked their U.S. counterparts higher Friday, with sentiment supported by comments from European Central Bank President Mario Draghi that the bank... Read more

  • Flat-screen televisions with the Target logo are displayed in Target's new Harlem store August 18, 2010 in New York City. (Chris Hondros/Getty Images)

    Retailers Dealing With Myriad of Issues

    NEW YORK—While investors may be unnerved by the broad sell-off in the retail sector Thursday, a closer look at the industry shows it may merely... Read more

  • Oliver Urges Change to US Volcker Rule

    NEW YORK—Canada’s finance minister says sweeping American bank reforms introduced in the aftermath of the financial crisis violate the North American Free Trade Agreement. In... Read more

  • An elderly investor looks at stock prices at a securities exchange in Shanghai on August 22, 2014. (Johannes Eisele/AFP/Getty Images)

    America Invented QE, but China Has Now Confirmed It Will Use the European Version

    In China as it is the custom elsewhere, major policy changes are first leaked through the media. So a few weeks ago we first heard... Read more

  • In this Jan. 7 2015 photo, Twitter co-founder Biz Stone speaks on stage at National Geographic Channel 2015 Winter TCA in Pasadena, Calif. Stone is hoping a change in direction pays off again as he heads down a new path at Jelly Industries, a San Francisco startup he launched shortly after leaving Twitter three years ago. (Photo by Richard Shotwell/Invision/AP)

    Twitter Founder Feeling ‘Super’ as He Heads in New Direction

    SAN FRANCISCO— Biz Stone knows abandoning a struggling project to try something else can be a smart move. After all, he was part of a... Read more

  • US Businesses Increase Stockpiles 0.1 Percent in March

    WASHINGTON— U.S. businesses increased their stockpiles slightly in March, as sales picked up for the first time since July. The Commerce Department said Wednesday that... Read more


    Top