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SEC accounting rule change draws fire

NEW YORK, Oct. 1 (UPI) -- The Securities and Exchange Commission's new, relaxed accounting rules could give U.S. businesses too much leeway in assessing their assets, critics said.

Inflation fears might hasten Fed's hand

WASHINGTON, March 14 (UPI) -- There's nothing the Federal Reserve dislikes more than volatility in the marketplace.
SHIHOKO GOTO, UPI Senior Business Correspondent

Analysis: Bonds may pay for Bush plans

WASHINGTON, Dec. 21 (UPI) -- Not so long ago, one of the biggest concerns for economic policymakers was what to do with the seemingly growing budget surplus.
SHIHOKO GOTO, UPI Senior Business Correspondent

Analysis: Job market not as strong as hoped

WASHINGTON, Dec. 3 (UPI) -- Disappointingly few jobs were created in November, but the Bush administration remained upbeat about the U.S. labor market. The Bureau of Labor Statistics reported early Friday that only 112,000 jobs were created last month, far below the Wall Street c
SHIHOKO GOTO, UPI Senior Business Correspondent

Bush confidence surges on jobs gains

WASHINGTON, Nov. 5 (UPI) -- For President Bush, the euphoria continues.
SHIHOKO GOTO, UPI Senior Business Correspondent

Whoever wins, Wall Street wants certainty

WASHINGTON, Nov. 1 (UPI) -- Few things rattle Wall Street more than uncertainties, so a decisive presidential election result by Wednesday morning, regardless of who wins, would make inves
SHIHOKO GOTO, UPI Senior Business Correspondent

U.S. GDP holds up, but worries linger

WASHINGTON, Oct. 29 (UPI) -- Economic growth in the third quarter wasn't as robust as it earlier in the year, but that hasn't stopped the Bush administration from arguing that the U.S. econ
SHIHOKO GOTO, UPI Senior Business Correspondent

Jobs data further political divide

WASHINGTON, Oct. 8 (UPI) -- With only three weeks to go until the presidential elections, both Democrats and Republicans are turbo-charging their efforts to promote their own candidate on
SHIHOKO GOTO, UPI Senior Business Correspondent

Fed raises rates but downplays oil fears

WASHINGTON, Sept. 21 (UPI) -- The Federal Reserve's decision to raise interest rates once again Tuesday took few by surprise. But the question now is whether the Fed will continue tightening
SHIHOKO GOTO, UPI Senior Business Correspondent

More economic worries for Bush looming

WASHINGTON, Aug. 27 (UPI) -- As election day draws ever closer, the pressure is on the Bush administration to prove that the U.S. economy has indeed improved under its watch over the past t
SHIHOKO GOTO, UPI Senior Business Correspondent

Investors upbeat despite terror threats

WASHINGTON, Aug. 3 (UPI) -- The nation is on heightened terrorism alert, while the conflict in Iraq continues to show no signs of calming down. Oil prices, meanwhile, remain significantly
SHIHOKO GOTO, UPI Senior Business Correspondent

Rate hike prospects bolster dollar

WASHINGTON, May 11 (UPI) -- Share prices across the globe may be falling as expectations of an interest rate hike by the Federal Reserve increase, but there's also a clear winner from the
SHIHOKO GOTO, UPI Senior Business Correspondent

Grin or grimace on the economic outlook?

WASHINGTON, Feb. 19 (UPI) -- Stocks are revving up once again amid a cloud of renewed optimism about financial markets, much to Wall Street's delight. Meanwhile, senior government officials
SHIHOKO GOTO, UPI Senior Business Correspondent

Fed at the crossroads?

WASHINGTON, Jan. 5 (UPI) -- Stocks are gaining ground, business spending is on the rise, and both suggest that the U.S. economy could well be on an upward climb to steady recovery as the n
SHIHOKO GOTO, UPI Senior Business Correspondent

U.S. manufacturing index hits 20-year high

WASHINGTON, Jan. 2 (UPI) -- The manufacturing sector is hotter than ever, and its latest surge could indicate a robust recovery for the U.S. economy in 2004, according to the Institute for
SHIHOKO GOTO, UPI Senior Business Correspondent

Limited market rally on Saddam capture

WASHINGTON, Dec. 15 (UPI) -- The capture of Saddam Hussein over the weekend seemed at first blush to be greeted with euphoria not only in Iraq and the United States, but also by investors a
SHIHOKO GOTO, UPI Senior Business Correspondent

Fed seen staying steady despite job woes

WASHINGTON, Sept. 15 (UPI) -- Federal Reserve policymakers will be gathering Tuesday to vote on whether to cut interest rates or not, few analysts expect the key rate to be cut yet again. For while prospects for the job market remains undeniably weak, some economists argue that econom
SHIHOKO GOTO, Senior Business Correspondent

Global stocks rise as risks shrugged off

The biggest blackout in U.S. history last week didn't stop Wall Street from keeping to business as usual. And despite concern amongst many wage earners about jo
SHIHOKO GOTO, UPI Senior Business Correspondent

Treasury: House tax cuts 'right direction'

WASHINGTON, May 1 (UPI) -- U.S. Treasury Secretary John Snow said Thursday that the House proposal for tax cuts would be a step in the right direction, but he suggested that the White House's plan for bigger cuts would be preferable.
SHIHOKO GOTO, Senior Business Correspondent

Fed says Iraq war dampens U.S. economy

WASHINGTON, April 23 (UPI) -- The U.S. economy continued to sputter in March and the first two weeks of April, in part as a result of the Iraq war, the Federal Reserve reported Wednesday.
SHIHOKO GOTO, Senior Business Correspondent

U.S. job market remains weak in March

WASHINGTON, April 4 (UPI) -- The U.S. unemployment rate remained unchanged at 5.8 percent in March, but the job market remains weak as U.S. payroll fell by 108,000, the Labor Department reported Friday.
SHIHOKO GOTO, UPI Senior Business Correspondent

Analysis: No war may be worst scenario

WASHINGTON, March 14 (UPI) -- Jobs are scarce and the stock market continues to flounder, but a war against Iraq even without international support could be better for the U.S. economy than
SHIHOKO GOTO, UPI Senior Business Correspondent

Dow up, while Nasdaq stalls

NEW YORK, D.C., Sept. 16 (UPI) -- Share prices were mixed Monday, with the Dow and most major indexes ending on the upside, while the Nasdaq closed down.

Shares continue to slide amid Iraq fears

NEW YORK, Sept. 16 (UPI) -- Share prices were moderately weaker in late-morning trading Monday, as investors continued to be wary of a possible U.S.-led attack on Iraq.

Fed won't pull rate-cut trigger ... yet

WASHINGTON, Aug. 12 (UPI) -- When Federal Reserve policymakers meet Tuesday, it will be the fourth time this year they will vote on possible interest-rate cuts, but most analysts expect the Fed to take no action. The key federal funds target rate was slashed to 1.75 percent from 6.50
SHIHOKO GOTO, UPI Senior Business Correspondent
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