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Economy

Joe Raedle/Getty Images
Joe Raedle/Getty Images
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U.S. Economy Adds 96K Jobs, Rate Falls To 8.1 Percent

U.S. employers added 96,000 jobs last month, a weak figure that could slow any momentum President Barack Obama hoped to gain from his speech to the Democratic National Convention.

The unemployment rate fell to 8

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Marc Serota/Getty Images
Marc Serota/Getty Images
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Oil Rises As Isaac Plows Through Gulf

Oil prices are rising as Isaac pushes into the heart of the Gulf's oil and refinery operations.

Benchmark crude gained 41 cents to $95.88 per barrel Tuesday in New York.

Forecasters expect Isaac to intensify into a hurricane by the time the storm reaches Louisiana later Tuesday

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Andreas Rentz, Getty Images
Andreas Rentz, Getty Images
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Wyoming Committee Favors Higher Gas, Diesel Taxes

In addition to higher fuel taxes, a committee proposes raising registration fees

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Mark Wilson/Getty Images
Mark Wilson/Getty Images
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Oil Prices Rise On Big Drop In U.S. Supplies

An unexpectedly large drop in U.S. crude oil inventories is driving up the price of oil.

Benchmark oil gained 33 cents to $93.75 per barrel Wednesday in New York. Brent crude increased 97 cents to $115 per barrel in London

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Mark Wilson/Getty Images
Mark Wilson/Getty Images
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Oil Falls On New Signs Of Slowing Global Economy

The price of oil is falling as Japan becomes the latest country to report slower economic growth.

Benchmark crude fell 62 cents Monday to $92.25 per barrel in New York.

Japan says its economy grew less than expected in the second quarter in part because of less demand for its exports in Europe

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Jessica Kourkounis/Getty Images
Jessica Kourkounis/Getty Images
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Oil Gains, U.S. Reports Big Drops In Supplies

The price of oil is higher after the government reported a bigger than expected drop in crude inventories.

Benchmark crude rose 50 cents to $94.17 per barrel Wednesday in New York. Brent crude gained $1

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Jessica Kourkounis/Getty Images
Jessica Kourkounis/Getty Images
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Oil Price Climbs Above $90 On Stronger U.S. Demand

NEW YORK (AP) — The price of oil climbed above $90 per barrel for the first time since May after the government said U.S. oil demand is on the rise.

The Energy Information Administration reported Wednesday that average oil demand increased last week in the U

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Chip Somodevilla/Getty Images
Chip Somodevilla/Getty Images
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Oil Price Falling After Bernanke Comments

NEW YORK (AP) — The price of oil is falling after Fed Chairman Ben Bernanke gave no clues about whether the central bank would take further steps to boost the economy.

Investors had hoped that Bernanke would discuss a new plan Tuesday before congressional panel

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Scott Olson/Getty Images
Scott Olson/Getty Images
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U.S. Drought Grows To Cover Widest Area Since 1956

MINNEAPOLIS (AP) — A new report shows the drought gripping the United States is the widest since 1956.

The monthly State of the Climate drought report released Monday by the National Climactic Data Center says 55 percent of the continental U

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John Moore/Getty Images
John Moore/Getty Images
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Survey: Small Business Optimism Sinks In June

NEW YORK (AP) — The economy and uncertain political climate are making small business owners less optimistic, and hesitant to expand.

The National Federation of Independent Business says its index of small business owners' sentiment fell 3 points in June to 91

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