Extended Slump in Oil Taking Toll on Industry, Economy
Spencer Platt/Getty ImagesAn oil refinery in Big Springs, Texas. As crude oil prices have fallen globally, many American communities that became dependent on oil revenue are preparing for hard times.
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Economy Stalls in 1Q as Weather, Lower Energy Prices Bite
Gene J. Puskar/AP
WASHINGTON -- U.S. economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashe...
Manufacturing Contracts, but Rest of Economy Hums Along
Nam Y. Huh/APWASHINGTON -- U.S. manufacturing contracted in November for the first time in three years as the sector buckled under the weight of a strong dollar and deep spending cuts by energy firms, but robus...