Despite strong GDP, Peter Schiff sees the economy heading downhill

The economy grew at an annual rate of 4% in the second quarter according to the Bureau of Economic Analysis. The government also revised its GDP reading for the first quarter higher, from negative 2.9% to negative 2.1%, but revised … Continue reading


Filed under Financial | Tagged , , , , |

U.S. economy bounces back in second quarter

WASHINGTON (Reuters) – U.S. economic growth accelerated more than expected in the second quarter and the decline in output in the prior period was less steep than previously reported, bolstering views for a stronger performance in the last six months … Continue reading


Filed under Business | Tagged , , , |

Argentine debt talks go down to the wire to avert default

BUENOS AIRES/NEW YORK (Reuters) – Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it or win a reprieve from a U.S. court, as a surge … Continue reading


Filed under Business | Tagged , , , |

Wall Street gives up gains as GDP raises Fed concerns

NEW YORK (Reuters) – U.S. stocks were flat on Wednesday, paring earlier gains as a strong read on second-quarter economic growth sparked concerns the Federal Reserve may adjust its stimulus earlier than expected. Major indexes opened higher but lost their … Continue reading


Filed under Business | Tagged , , , |

Carlyle’s second-quarter earnings double

NEW YORK/LONDON (Reuters) – Carlyle Group LP (CG.O) said on Wednesday its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in … Continue reading


Filed under Business | Tagged , , , |

Temporary ceasefire in Tripoli, 75 bodies found in Benghazi

BENGHAZI/TRIPOLI (Reuters) – Rival Libyan militias fighting for control of Tripoli’s airport agreed to a temporary ceasefire on Wednesday to allow firefighters to try to control a huge blaze at a fuel depot hit by a rocket. Meanwhile in Libya’s … Continue reading


Filed under Top Stories | Tagged , , , , , |

Germany’s ZF in advanced talks to buy TRW for near $12 billion: sources

NEW YORK/FRANKFURT (Reuters) – Germany’s ZF Friedrichshafen AG is in advanced talks to acquire U.S.-based TRW Automotive Holdings Corp for nearly $12 billion, in a deal that would create an automotive supply powerhouse, according to people familiar with the matter. … Continue reading


Filed under Top Stories | Tagged , , , , , |

Moscow fights back after sanctions; battle rages near Ukraine crash site

MOSCOW/KIEV (Reuters) – Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine, where fighting between Moscow-backed rebels and government troops has intensified since a Malaysian airliner was shot down. The confrontation between Moscow and the … Continue reading


Filed under Top Stories | Tagged , , , , , |

Carnage at U.N. school as Israel pounds Gaza Strip

GAZA/JERUSALEM (Reuters) – Israeli shelling killed at least 15 Palestinians sheltering in a U.N.-run school and another 17 near a street market on Wednesday, Gaza’s Health Ministry said, with no ceasefire in sight after more than three weeks of fighting. … Continue reading


Filed under Top Stories | Tagged , , , , , |

‘Do Nothing’ Congress Gets Busy

If you’re looking for a senator or member of Congress this week, you may have better luck at The Capital Grille than the Capitol. This final stretch of July is not just the last chance for Congress to address highway … Continue reading


Filed under Politics | Tagged , , , |

ABC Goes Inside Gaza With an Israeli Armored Unit

“The Cruel Lady” rolled along. That’s the nickname the Israeli soldiers use to describe their armored personnel carrier, or APC – it’s basically an oven on wheels. ABC News traveled into Gaza on an APC with troops from the Israeli … Continue reading


Filed under Politics | Tagged , , , |

Kerry presses India on global trade deal as deadline looms

By Sanjeev Miglani NEW DELHI (Reuters) – U.S. Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test … Continue reading


Filed under Politics | Tagged , , , |