News
CNN Money | Tesla: The anti-Solyndra
Its electric cars are selling and its stock closed Tuesday up 146% this year. Elon Musk's company is making enough money to repay a $465 million Energy Department loan in the next five years, around half the time that was initially expected.
Market Watch | Euro-zone GDP drops 0.2%, worse than expected
Gross domestic product for the euro zone contracted by a worse-than-expected 0.2% in the first quarter of 2013, keeping the region mired in recession, data from Eurostat, the statistical office of the European Union, showed on Wednesday.
Bloomberg | New York Area Manufacturing Unexpectedly Contracts
The Federal Reserve Bank of New York’s general economic index declined to minus 1.4 this month from 3.1 in April. Readings less than zero signal contraction in New York, northern New Jersey and southern Connecticut. The median projection in a Bloomberg survey called for an increase to 4.
Market Watch | Industrial production drops 0.5% in April
Industrial production slumped 0.5% in April, dragged lower by a big drop in utilities output but also by a drop in manufacturing, the Federal Reserve said Wednesday.
CNN Money | Retirement savers lose $117,000 to unexpected events
Unexpected setbacks, ranging from stock market declines to suddenly supporting an adult child, have taken a major hit to Baby Boomers' retirement savings, according to a recent survey.
Econ Comments & Analysis
Real Clear Markets | America's Growing Social Security Disability Problem
The latest Social Security Administration data document that Social Security Disability Insurance (SSDI) rolls reached a record high of 8.85 million in March 2013, an increase of 1.6 million or 21 percent since the start of the Great Recession in 2007.
