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World Bank President Jim Yong Kim speaks the Forced Displacement: A Global Development Challenge panel discussion during the World Bank/IMF Spring Meetings, Friday, April 15, 2016, at the World Bank in Washington. (AP Photo/Sait Serkan Gurbuz)
World Bank President Jim Yong Kim speaks the Forced Displacement: A Global Development Challenge panel discussion during the World Bank/IMF Spring Meetings, Friday, April 15, 2016, at the World Bank in Washington. (AP Photo/Sait Serkan Gurbuz)
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Top finance officials: World economy still faces threats

The global recovery has regained most of the ground lost from the market turbulence at the beginning of the year, finance officials of the world's largest economies said Friday. But they worry that growth remains uneven in the face of a variety of threats ranging from terrorist bombings to Britain's upcoming vote on whether to leave the European Union.

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Teenage girl builds the term job
kaarsten, ThinkStock
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Expert: Don’t expect NJ unemployment rate to get much better

The unemployment rate now stands at 4.3 percent, but don't expect the state unemployment rate to drop much lower.

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Markets Open Trading Week Slightly Down
People walk by the New York Stock Exchange on Wall Street on March 21, 2016 in New York City. (Photo by Spencer Platt/Getty Images)
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Europe higher, Asia mostly lower before Fed chair speech

European stocks rose in early trading and Asian shares mostly slipped Tuesday as investors awaited a speech by the U.S. Federal Reserve chief. Shares had ended mixed on Wall Street.

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Puerto Rico Walmart Lawsuit
In this May 16, 2011 file photo, the Walmart logo is displayed on a store in Springfield, Ill. (AP Photo/Seth Perlman, File)
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Walmart wins suit against Puerto Rico; tax declared invalid

A federal judge in the U.S. island territory ruled that a modified tangible-property tax is invalid. The ruling was issued as Puerto Rico's government rushes to find new sources of revenue and a debt restructuring mechanism from the U.S. Congress while struggling through a decade-long economic crisis.

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Hand with dollar notes isolated over white
Philip Lange
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Is your financial situation improving? For many in NJ, answer is ‘no’

Only a quarter believe the coming year will bring about improvement in their finances, and 20 percent say they actually lost ground in 2015, FDU poll finds.

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Financial Planning
John Wohlfeil,ThinkStock
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Survey: Economists more pessimistic on growth this year

Most of the 48 economists surveyed by the National Association for Business Economics, 79 percent, have lowered their outlooks for economic growth in 2016, and now expect that the U.S. will grow 2.2 percent, down from a December prediction of 2.6 percent.

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Economy GDP
In this Wednesday, Feb. 3, 2016 photo, tourists walk along a pedestrian area featuring retail shops and restaurants in Miami Beach, Fla. (AP Photo/Lynne Sladky)
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Household spending and home building fuel modest US growth

Consumer spending and home construction are helping sustain modest U.S. economic growth despite problems caused by a strong dollar, low oil prices and an excess of business stockpiles.

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An investor observes the stock market at an exchange hall on January 13, 2016 in Fuyang, Anhui Province of China. (Photo by ChinaFotoPress/Getty Images)
An investor observes the stock market at an exchange hall on January 13, 2016 in Fuyang, Anhui Province of China. (Photo by ChinaFotoPress/Getty Images)
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Chinese stocks jump on finance easing; other markets subdued

Chinese stocks outperformed their counterparts around the world Monday after authorities loosened controls on brokerages lending money to investors for share buying. Trading elsewhere was muted ahead of the looming long Eastern weekend in many countries.

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Category: Money & Business Tags: ,
Current Account
In this Thursday, March 3, 2016 photo, container ships are moored to docks at the Port of Oakland in Oakland, Calif. (AP Photo/Ben Margot)
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US current account trade deficit hits $484.1 billion in 2015

The deficit in the current account narrowed to $125.3 billion in the fourth quarter, down 3.6 percent from a deficit of $129.9 billion in the third quarter, the Commerce Department reported Thursday.

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In this Thursday, Nov. 27, 2014, file photo, a woman pays for merchandise at a Kohl's department store in Sherwood, Ark. (AP Photo/Danny Johnston, File)
In this Thursday, Nov. 27, 2014, file photo, a woman pays for merchandise at a Kohl's department store in Sherwood, Ark. (AP Photo/Danny Johnston, File)
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Higher stock prices, home values lift US household wealth

Americans' household wealth jumped in the final three months of last year, pushed higher by rising stock prices and greater home values. That leaves many households, particularly wealthy ones, with more money to spend -- a potential boost to economic growth.

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Category: Money & Business Tags: ,

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