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July 13, 2015
Corn holds near 1-year high on tightening supply outlook
CHICAGO - U.S. corn futures rose on Monday, on pace for their fifth straight session of gains and holding near the highest levels in a year,...
July 13, 2015 - 1:26pm
July 10, 2015
Minnesota banks on higher taxes, minimum wage as script for growth
MINNEAPOLIS - It is too early to tell how a recent round of tax hikes and a minimum wage increase will play out in Minnesota, a state where liberal...
News / Minnesota
July 10, 2015 - 7:45am
Corn edges up, braces for U.S. harvest estimate cut
PARIS/SINGAPORE - Chicago corn futures edged higher on Friday, keeping new-crop prices near a one-year high, as the market anticipated a U.S....
July 10, 2015 - 7:40am
July 9, 2015
Oil prices rise on gasoline demand, economic data
LONDON - Crude oil rose more than $1 to above $58 on Thursday as supportive economic data from Germany and gasoline demand lifted prices. Brent...
July 9, 2015 - 8:16am
July 3, 2015
Greek bank closures may deplete supermarket shelves
LONDON/ATHENS - A halt to international payments from Greek bank accounts is hurting Greek businesses and their foreign partners and threatening supplies of vital goods like food and clothing into the debt-crippled country. With banks closed, people limited to withdrawing 60 euros...
Life / Food
July 3, 2015 - 1:16pm
July 2, 2015
Oil rises after weaker-than-expected U.S. jobs data hits dollar
LONDON - Oil prices edged higher on Thursday as the U.S. dollar slipped following weaker-than-expected U.S. non-farm payrolls data. Poll indications that Greek citizens were expected to back a cash-for-reforms deal in a referendum on Sunday added to the bullish momentum, traders...
July 2, 2015 - 8:21am
July 1, 2015
Greece defaults on IMF payment despite last-minute overtures to creditors
ATHENS - Greece's last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund. The IMF confirmed that Greece had not made its...
July 1, 2015 - 8:19am
June 25, 2015
Robust U.S. consumer spending buoys economic growth outlook
WASHINGTON - U.S.
Life / Food
June 25, 2015 - 8:29am
June 24, 2015
U.S. firms fear financing drought as trade bank deadline looms
WASHINGTON - A battle in Congress that could shut down the U.S. Export-Import (Ex-Im) Bank next week is already causing headaches for small exporters as they try to stop customers from defecting to foreign competitors and as export financing starts to freeze up. If the 80-year-old...
Policy and Politics
June 24, 2015 - 10:55am
U.S. economy contracts mildly in first quarter, but growth rebounding
WASHINGTON - The U.S. economy contracted in the first quarter but less than previously estimated as it struggled with bad weather, a strong dollar, spending cuts in the energy sector and disruptions at West Coast ports. However, growth has since rebounded in the second quarter as...
June 24, 2015 - 8:17am
June 22, 2015
Cuba sees first-half GDP growth of 4 percent
HAVANA - The Cuban economy will grow 4 percent in the first half of 2015, in line with official forecasts on the strength of increases in sugar production, manufacturing, construction and trade, Economy Minister Marino Murrillo said. Murrillo delivered an update on the economy to...
June 22, 2015 - 8:12am
June 18, 2015
U.S. inflation stirring as energy-driven price plunge ebbs
WASHINGTON - U.S. consumer prices in May recorded their largest increase in more than two years as gasoline prices surged, suggesting the drag on inflation from lower oil prices was fading. Other data on Thursday showed the economy was regaining momentum after stumbling in the first...
June 18, 2015 - 2:14pm
U.S. consumer prices post largest gain in more than two years
WASHINGTON - U.S. consumer prices in May recorded their largest increase in more than two years as gasoline prices surged, suggesting an energy-driven disinflationary trend had probably run its course. Other data on Thursday showed the labor market continued to tighten, as first-time...
June 18, 2015 - 8:16am
June 17, 2015
USDA says backing push to expand "bio-economy"
CHICAGO - The productivity and innovation of U.S. agriculture is driving a transformation to bio-based products across the economy that is supporting millions of jobs and significantly displacing fossil fuels, according to a study from the U.S.
June 17, 2015 - 8:03am
June 15, 2015
Spotlight on economics: Monetary policy and slack in the labor market
The U.S. Constitution gives Congress the authority to conduct monetary policy. Beginning with the 1913 Federal Reserve Act, Congress has delegated this authority to the Federal Reserve (Fed). Congress has provided the Fed with a dual mandate: price stability and maximum employment. Since...
June 15, 2015 - 1:10pm