The Dow Is Doing Historically Well
The Dow Jones Industrial Average closed above 15,000 for the first time ever on Tuesday. However, despite the record-breaking nature of the even, Wall Street seems sort of unimpressed.
Advertisement
The 2012 election was supposed to be can't-miss for the GOP. By historical standards, 2014 is supposed to be a good year, too. Will the Republicans mess everything up again? Right now, they're figuring out their options.
The Dow Jones Industrial Average closed above 15,000 for the first time ever on Tuesday. However, despite the record-breaking nature of the even, Wall Street seems sort of unimpressed.
The good news is that unemployment rate actually went down to 7.6 percent, lower than it's been at any point since Obama took office. Based on what we're seeing from economics watchers across the spectrum, here are the big reactions — simplified.
When The Washington Post's Brad Plumer posted "This is actually the scariest chart about Europe" on Thursday morning, there was a spontaneous reaction of mockery on Twitter that could, in the style of many social movements, mark the beginning of a full-scale rebellion against the maniacal competition to create The One Chart That Will Rule Them All.
More than 55,000 people have "liked" her Facebook post with an ominous conspiracy, and a reality check is in order.
In the first jobs report of 2013, the Bureau of Labor Statistics announced that the unemployment rate remained unchanged at 7.8 percent while the U.S. economy added 155,000 new jobs — and that's good news.
Fifteen major ports, including the ports in surrounding New York harbor, will grind to a halt on Sunday if a deal can't be reached. So what are they fighting over? And what does that mean for industry?
For the first time in years, everyone seems to agree that the economy truly appears to be back on track, as most of this week's new economic indicators zoomed past expectations.
Forbes took a look at how Slate is trying to figure out its revenue options, and, judging by its chief's instant freakout, those definitely do not include charging readers for access to every story.
In October we saw the highest Consumer Sentiment rating in five years. Guess what? We just topped that.
In the last monthly job reports before the election, the Bureau of Labor Statistics announced Friday that unemployment rate remained "essentially unchanged" and rose from 7.8 percent in September to 7.9 percent in October.
The last GDP numbers before the election are out: the GDP increased at an annual rate of 2.0 percent in the third quarter—that's better than what economists were predicting, a large improvement over last quarter, and another sign our economy is in a recovery.
A new Gallup Poll says Americans are finally feeling better about their financials and that comes on the heels of a USA Today survey which found that economists are saying that our worst economic days may be behind us.
The British economy grew for the first time in nine months, officially moving the UK out of recession and giving all of Europe some hope for the future.
A summary of the best reads found behind the paywall of The New York Times.
There's a giant secret that Barack Obama and Mitt Romney have been keeping from you: the economy is actually looking pretty great. Seriously, it is.
The standard line of thought is that movement to cities correlates with more wealth, but while that works for developing countries in Asia, it doesn't apply to Africa, as these charts from the World Bank's World Development Report show.
Economy watchers were delightfully surprised by the surge in new homes and housing permits in September to levels that haven't been seen since before the 2008 financial crisis.
The Treasury Department just issued new data about the federal deficit. Do you want the good news first or the bad news?
The U.S. Consumer sentiment is at a level we haven't seen since before the recession. What that means, in the simplest terms, is that you feel pretty awesome about buying things right now.
Mitt Romney crushed President Obama in the first presidential debate Wednesday night, which changed everything, until a good jobs report changed everything again Friday morning.
Thursday's weekly report of first-time unemployment claims brought some unexpectedly good news, as the number of those seeking the benefit fell dramatically from the previous week, but the GDP also fell.
Tilemachos Karachalios has gone from donning suits and selling pharmaceuticals for 17 years to scrubbing the sullied toilets of Swedish schoolchildren because of the economic malpractice in Greece. Sadly, with a 25-percent unemployment rate in his home country, he might have made the right decision.
Today in Ad Watch: In a very special edition, we present Mitt Romney's 15 ads shock-and-awe-ing eight states Friday.
For the past few weeks, Gina Rinehart has been making waves in the media, grabbing headlines and angering people on all corners of the Earth with her blunt views on bettering the Australian economy. No she's not a politician, nor is she a development wonk, she's just filthy stinking rich and damn good at trolling.
President Obama's campaign used Bill Clinton to make the case that Obama was a decisive bin Laden killer in March, and now it's using Clinton again, this time to remind voters that the economy can be good under a Democratic president.
European stocks went up this morning even as new GDP numbers showed that most its national economies are shrinking. Just not as quickly as everyone feared.
It's been five years today since the economy went to crap, the Financial Times reports. While we'd like to say that so much as changed since then, a birthday is a birthday. So break out the cheap champagne (or tears, or something) and mull over these five reasons to have a little bit of hope.
If New York City Mayor Michael Bloomberg and Council Speaker Christine Quinn's figures that same-sex marriages brought in some $259 million in economic benefits to the city are correct--that means gay marriages earned the city around $30,000 per hour since they were legalized one year ago.
A summary of the best reads found behind the paywall of The New York Times.
It's commonly known that it's not really a great time in Greece what with its debt and austerity measures, but don't tell that to 2 percent of Greeks, who think their country's finances are a-OK.
While Mitt Romney is polling pretty close to President Obama nationally, the president has a wider lead in swing states, and the findings suggest TV ads are making a difference. Plus, Obama's new immigration policy doubles his lead among Florida Latino voters.
"President Obama spoke for 54 minutes and there was not one new idea about how to fix the economy," House Majority Leader Eric Cantor tweeted in response to President Obama's big campaign speech in Ohio Thursday, and he was right!
Today in Ad Watch: Mitt Romney makes his first negative TV ad about Obama's "doing fine" comment, Obama says Romney grew the debt in Massachusetts, and a Republican group urges action on Iran.
This morning we were greeted by some pretty dismal retail sales figures, but according to Yahoo's Daniel Gross, you shouldn't fret just yet.
Today in Ad Watch: Mitt Romney pounces on President Obama's comment that the private sector is "fine," a pro-Obama Super PAC launches several ads attacking Romney as a jerk, and Allen West shows his warm and fuzzy side.
Today in Ad Watch: Mitt Romney responds to President Obama's attacks on his jobs record, while the Republican National Committee makes Obama look like a whiner.
Cartoonist Tom Toles only believes in one of them.
This has not been a great week for the U.S. job market as the Bureau of Labor Statistics reported the nation added just 69,000 jobs in May, the fewest in a year, pushing the national unemployment rate up to 8.2 percent from last month's 8.1 percent.
Today in Ad Watch: The wars of Mitt Romney's record at Bain Capital continue with a new ad from President Obama's Super PAC and a response from Romney. Plus, Obama reaches out to seniors and veterans.
Even though President Obama has a slight edge over Mitt Romney, he's merely tied with his Republican opponent on the most important issue, the economy.
Summer started earlier this year and is on track to be hotter than almost any on record. And that means it's going to be expensive, because whatever it is you like to do during the summer, you're going to do more of it and that's going to cost you.
Americans think the economy is getting better, but they think that Romney could do a better job of handling it. So it's no suprise that in the last 24 hours three different ads have been released focusing on Romney's record at Bain Capital as a job destroyer.
In today's Ad Watch: President Obama goes after Mitt Romney's business career, a conservative group makes an Occupy Wall Street argument, and Republicans try to reach young folks.
In today's Ad Watch: The Republican National Committee says Obama forgot the recession, while Obama says you guys just don't know how far we've come. Plus, the worst political ad all year.
Cartoonist Tom Toles interprets recent European elections.
The general election has begun! And so has the onslaught of campaign ads. Which ones succeed? Which fail? In Ad Watch, we review them as they come out. Today: President Obama makes his case that we've come a long way since 2008, and a conservative group goes on the attack against teachers.
You can make any point at all with math. Here's our guide to doing that with Friday's jobs report.
Mitt Romney has positioned himself as a defender of the hardworking job creators who have been rightfully well-rewarded for their efforts -- wealthy people that lefties deride as undeserving nepotism cases who think they're better than you.
The general election has begun! And so has the onslaught of campaign ads. Which succeed? Which fail? In Ad Watch, we review them as they come out. Today: President Obama reminds voters of all that's happened since 2008; Mitt Romney argues that Obama isn't the guy he promised to be.
Don't get too complacent about economic recovery in the United States, because it's not happening as fast as it was last year, nor even as fast as economists had predicted.
Have a story we missed? A link we have to click? A sharp opinion about the news? Instead of waiting for us to post it, tell us on the Open Wire.
Submit your news and ideas | See all reader postsThe Atlantic Wire is your authoritative guide to the news and ideas that matter most right now. Our team tracks newsmakers and opinions across the entire media spectrum: newspapers, web sites, television, radio and magazines.
But we do more than just collect information. By synthesizing, analyzing and summarizing what’s out there, and adding new information when we can, we are a news engine that gives you a quick and valuable account of the issues of the day.
Have a hot tip? A story we missed? Tell us on the Open Wire
How to send us editorial or technical feedback
Get Five Best Columns in your inbox each morning (preview)
