WASHINGTON (AP) — The growing gap between the richest Americans and everyone else isn't bad just for individuals.
It's hurting the U.S. economy.
So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that's intensified as middle-class pay has stagnated while wealthier households have thrived.
7. S&P 500 index notches another record close - Friday, December 06, 2013
NEW YORK (AP) — The stock market notched another record close Monday after a big acquisition in the food industry. Hope for a longer-term budget deal in Washington also helped.
Food distributor Sysco rose the most in the Standard & Poor's 500 index after the company announced an agreement to buy rival US Foods in an $8.2 billion deal. Sysco's stock jumped $3.31, or 9.7 percent, to $37.62.
8. Top Midstate commercial real estate transactions for Sept. 2013 - Friday, October 25, 2013
Top September 2013 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.9. Morgan Stanley third-quarter profit almost doubles - Friday, October 18, 2013
NEW YORK (AP) — Investment bank Morgan Stanley says that its third-quarter earnings almost doubled as the firm's equity sales and trading revenue rose.
THE RESULTS: The bank earned $1.01 billion from July to September after stripping out an accounting charge. That compares with earnings of $560 million year earlier. That profit works out to 50 cents per share before the charge, compared with 28 cents per share in the same period a year earlier. Financial analysts polled by FactSet expected earnings of 40 cents. Analysts generally strip out one-time items.
10. US never defaulted on its debt? Not so fast - Friday, October 11, 2013
WASHINGTON (AP) — You hear the same proud claim every time Washington wrestles with the debt limit: The United States has never defaulted. But the record's not that clean. America has stiffed creditors on at least two occasions.11. Fed now unlikely to slow bond buying before 2014 - Friday, October 04, 2013
WASHINGTON (AP) — The Federal Reserve's decision last month to maintain the size of its economic stimulus was a shocker. Just about everyone expected a pullback in its bond purchases, which have helped keep loan rates low.12. Stocks fall on third day of government shutdown - Friday, September 27, 2013
NEW YORK (AP) — The stock market sank to its lowest level in nearly a month Thursday as a partial U.S. government shutdown dragged into a third day.
President Barack Obama and Congressional leaders spoke late Wednesday but the meeting appeared only to harden their stances.
13. Top Midstate residential real estate transactions for August 2013 - Friday, September 13, 2013
Top August 2013 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.14. US employers add 169K jobs; rate falls to 7.3 pct. - Friday, September 06, 2013
WASHINGTON (AP) — U.S. employers have yet to start hiring aggressively — a trend the Federal Reserve will weigh in deciding this month whether to slow its bond buying and, if so, by how much.15. US consumer spending up weak 0.1 percent in July - Friday, August 30, 2013
WASHINGTON (AP) — U.S. consumers barely increased their spending in July as their income grew more slowly, held back in part by steep government spending cuts that reduced federal workers' salaries. The tepid gains suggest economic growth is off to a weak start in the July-September quarter.16. Stronger US growth may lead Fed to slow bond buys - Friday, August 30, 2013
WASHINGTON (AP) — A stronger-than-expected rise in U.S. economic growth last quarter will likely strengthen the hand of Federal Reserve officials who want to slow the Fed's bond purchases next month.17. Long-suffering Detroit finally turns to bankruptcy - Friday, July 19, 2013
DETROIT (AP) — At the height of its industrial power, Detroit was an irrepressible engine of the American economy, offering well-paying jobs, a gateway to the middle class for generations of autoworkers and affordable vehicles that put the world on wheels.18. Banks' earnings pop masks deeper concerns - Friday, July 12, 2013
NEW YORK (AP) — Major U.S. banks have turned in big profit gains this season, but the news isn't all good.
Much of the earnings increase is coming from cutting costs, rather than growing their core lending businesses. A boom in mortgage refinancing looks like it's about to peter out. And regulators are considering stricter new rules that would force the banks to shore up their cash.19. Top Midstate commercial real estate transactions for May 2013 - Friday, June 21, 2013
Top May 2013 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
Chandler Reports has been publishing Real Estate Market Data since 1968. That year, Chandler began collecting residential sales information for the Chandler Residential Report, considered the authoritative source for residential real estate sales information. Over the next three decades, the publications have been continually refined, enhanced and expanded, growing to include lot sales data, new residential construction and absorption information, and commercial sales. In 1987, Chandler Reports began one of the first on–line real estate market data services in the country, and is a nationally recognized leader in the industry. In 2004, Chandler Reports was purchased by The Daily News Publishing Co. In 2007, Chandler introduced RegionPlus, including property research for Nashville and Middle Tennessee. Visit online at chandlerreports.com.20. Fed suggests it's closer to slowing bond purchases - Friday, June 14, 2013
WASHINGTON (AP) — Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy continues to improve.21. Stocks slide as Fed says bond purchases could slow - Friday, June 14, 2013
NEW YORK (AP) — Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of 2014.22. US employers add 175K jobs, rate up to 7.6 pct. - Friday, June 07, 2013
WASHINGTON (AP) — The U.S. economy added 175,000 jobs in May— a steady pace that shows strength in the face of tax increases and government spending cuts if not enough to reduce still-high unemployment.23. Stocks gain on reassurance from a top Fed official - Friday, May 17, 2013
NEW YORK (AP) — Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
Stock indexes wobbled between gains and losses in early trading, then took a turn higher just before noon. That's when news crossed that James Bullard, head of the Fed's St. Louis branch, told an audience in Germany that the Fed ought to stick with its bond-buying effort to bolster the economic recovery.
24. James Bond studio to open 1st US facility in Georgia - Friday, April 26, 2013
ATLANTA (AP) — The British film studio that's home to the James Bond movie franchise announced plans Monday for its first U.S. film production facility, at a site near Atlanta.25. Top Midstate commercial real estate transactions for March 2013 - Friday, April 19, 2013
Top March 2013 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.26. Morgan Stanley profit dips, but beats predictions - Friday, April 12, 2013
NEW YORK (AP) — Morgan Stanley's profit and revenue dipped in the first quarter. Results beat Wall Street's expectations, but the stock still dipped in pre-market trading.27. Top Midstate residential real estate transactions for February 2013 - Friday, March 22, 2013
Top February 2013 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.28. Morgan Stanley climbs after swinging to a profit - Friday, January 18, 2013
NEW YORK (AP) — Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were weighed down by a costly legal settlement.29. Top Midstate residential real estate transactions for 2012 - Friday, January 18, 2013
Top 2012 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.30. Ticket rush: Film fans hand Hollywood record cash - Friday, December 21, 2012
LOS ANGELES (AP) — The big deal for Hollywood is not the record $10.8 billion that studios took in domestically in 2012. It's the fact that the number of tickets sold went up for the first time in three years.31. Stocks close higher as budget talks progress - Friday, December 14, 2012
NEW YORK (AP) — Stocks rose on Wall Street as investors were encouraged by signs of progress in budget talks in Washington. Just two weeks remain before tax increases and government spending cuts take effect if no deal is reached.32. Top Midstate residential real estate transactions for November 2012 - Friday, December 14, 2012
November 2012 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.33. Top residential real estate transactions for October 2012 - Friday, November 16, 2012
October 2012 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.34. Storm will keep financial markets closed Tuesday - Friday, October 26, 2012
NEW YORK (AP) — Stock trading will be closed in the U.S. for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading will also be closed.
The last time the New York Stock Exchange was closed for weather was in 1985 because of Hurricane Gloria, and it will be the first time since 1888 that the exchange will have been closed for two consecutive days because of weather. The cause then was a blizzard that left drifts as high as 40 feet in the streets of New York City.35. Expectations high for major Fed action Thursday - Friday, September 07, 2012
WASHINGTON (AP) — If the world's investors are right, the Federal Reserve is about to take a bold new step to try to invigorate the U.S. economy.
And many expect the Fed to unleash its most potent weapon: a third round of bond purchases meant to ease long-term interest rates and spur borrowing and spending. It's called "quantitative easing," or QE.36. Stocks down; Fed moves seem less like a sure thing - Friday, August 17, 2012
NEW YORK (AP) — Nobody ever said reading the Federal Reserve was easy.
On Wednesday, the Fed appeared to suggest it was closer to taking additional steps to help the U.S. economy. Stocks rallied as a result and finished the day well off their lows.37. US consumer prices flat for 3rd time in 4 months - Friday, August 10, 2012
WASHINGTON (AP) — US consumer prices were unchanged in July from June, as a small drop in energy costs offset slightly higher food prices. The consumer price index hasn't increased since March, evidence that the weak economy is keeping inflation in check.38. US hiring picks up in July with 163,000 jobs added - Friday, August 03, 2012
WASHINGTON (AP) — The U.S. economy generated 163,000 jobs in July after three months of weak hiring, a sign it is resilient enough to pull out of a midyear slump and grow modestly as the rest of the world slows down.39. Homebuilders lead stocks to higher close - Friday, June 22, 2012
NEW YORK (AP) — Homebuilders led stocks up on Tuesday, helping major indexes recoup some losses from the day before. Rupert Murdoch's News Corp. surged after the media conglomerate said it may split into two companies.40. 'We've got something special here' - Friday, June 08, 2012
MANCHESTER – Coffee County Mayor David Pennington might enjoy a Bonnaroo Burger at his family’s landmark restaurant, but he probably won’t be spending much time with Flogging Molly, The Beach Boys, Alice Cooper or others performing for the 80,000 sometimes-mud-encased or sweat-drenched masses huddled at Great Stage Park this week.41. US employers still waiting for sales to pick up - Friday, June 01, 2012
WASHINGTON (AP) — The U.S. economy suddenly looks a lot weaker.
Only 69,000 jobs were added in May, the fewest in a year, and the unemployment rate rose from 8.1 percent to 8.2 percent.42. Sony reports record annual loss - Friday, May 04, 2012
TOKYO (AP) — Sony Corp. racked up a record annual loss of 457 billion yen ($5.7 billion) in its fourth straight year of red ink as the once-glorious maker of the Walkman and PlayStation struggles toward a turnaround under a new president.43. Nasdaq cracks 3,000, but stocks fall - Friday, February 24, 2012
The Nasdaq composite index briefly broke through 3,000 on Wednesday for the first time since the collapse in dot-com stocks more than a decade ago. Stocks ended lower, but it was still the best February on Wall Street in 14 years.44. Dow breaks 13,000 but can't hold gains - Friday, February 17, 2012
NEW YORK (AP) — It came and went in a flash each time, a number on a board for mere seconds, but its symbolic power couldn't be dismissed.
The Dow Jones industrial average, powered higher all year by optimism that the economic recovery is finally for real, crossed 13,000 on Tuesday for the first time since May 2008.45. Dow falls 97 points, worst showing this year - Friday, February 10, 2012
NEW YORK (AP) — Stocks slumped Wednesday in one of their worst showings this year as Greece, slogging through negotiations with other countries over a bailout, once again cast a long shadow over the financial markets.46. Going offshore: Your money can live like a millionaire's - Friday, February 10, 2012
WASHINGTON (AP) — Movie super spies James Bond and Jason Bourne use them. So do real-life presidential candidate Mitt Romney, who says he pays his taxes, and untold numbers of Americans who don't. Swiss banks and their secretive counterparts around the globe may sound like the exclusive province of the wealthy, the mysterious or the shady, but anybody can legally open an offshore account.47. Wall Street's happy new year: Dow up almost 180 - Friday, December 30, 2011
NEW YORK (AP) — The stock market got a big jump on a better year.
After a flat 2011, stocks rose sharply Tuesday in the first trading of 2012 after investors returned from the holiday and found encouraging economic reports from the United States and around the world.48. Pressure mounts on Italy's Berlusconi to quit - Friday, November 04, 2011
ROME (AP) — Pressure mounted on Premier Silvio Berlusconi to resign so a new government could pass the economic reforms Italy needs to avoid financial disaster, as the country's borrowing rates spiked Monday and talk of early elections intensified.49. Corizon chooses new chief HRO - Friday, October 14, 2011
Corizon, the nation’s leader in correctional health care solutions, has announced the hiring of Dennis Wade as Senior Vice President, Chief Human Resources Officer (CHRO). He joins Brentwood-based Corizon after serving as vice president and CHRO with Baptist Health Care in Pensacola, Fla. In this role he had corporate-wide accountability for all human resources functions and activities including strategic planning, talent and performance management, recruitment, executive and incentive compensation, employee labor relations, information systems, benefits, organizational development and training.