The bottom line
North Dakota No. 2 in oil production; Fannie Mae has a good quarter; Chinese banks to expand in U.S.; Let's set the job record straight; Facebook's advertising challenge
North Dakota No. 2 in oil production
North Dakota has passed Alaska to become the nation’s No. 2 oil-producing state, pumping more than 575,000 barrels per day. The state’s oil output has quadrupled in just four years, thanks largely to hydraulic fracturing. Texas remains the unchallenged leader, pumping 1.7 million barrels a day.
The Wall Street Journal
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Fannie Mae has a good quarter
For the first time since the government took over Fannie Mae, in 2008, the mortgage backer has finished a quarter without needing taxpayer money to balance its books. During the first three months of the year, it made $2.7 billion in profits, citing a slower decline in housing prices and a lower rate of homeowners behind on their payments.
Los Angeles Times
Chinese banks to expand in U.S.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
The Federal Reserve gave approval last week to three government-owned Chinese banks to expand into retail banking in the U.S. The nod suggests that the Fed’s view of China’s system of regulating its banks is improving, and that more such deals might be in the offing.
The Wall Street Journal
Let's set the job record straight
In the 23 years that Democrats have occupied the White House since John F. Kennedy took office, in January 1961, non-government jobs have increased by nearly 42 million, compared with 24 million jobs created during 28 years under Republican presidents.
Bloomberg.com
Facebook's advertising challenge
Eight in 10 Facebook users say they hardly ever or never click on ads or sponsored content on the social-networking site, according to an AP/CNBC poll. Boosting advertising revenue is central to Facebook’s business model.
CNBC.com
-
Why more and more adults are reaching for soft toys
Under The Radar Does the popularity of the Squishmallow show Gen Z are 'scared to grow up'?
By Chas Newkey-Burden, The Week UK Published
-
Magazine solutions - December 27, 2024 / January 3, 2025
Puzzles and Quizzes Issue - December 27, 2024 / January 3, 2025
By The Week US Published
-
Magazine printables - December 27, 2024 / January 3, 2025
Puzzles and Quizzes Issue - December 27, 2024 / January 3, 2025
By The Week US Published
-
The bottom line
feature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
By The Week Staff Last updated
-
The bottom line
feature The cost of e-filing; Dipping into nest eggs early; What Americans are drinking; Planning for death; How tax refunds are spent
By The Week Staff Last updated
-
The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
By The Week Staff Last updated
-
The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
By The Week Staff Last updated
-
The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
By The Week Staff Last updated
-
The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
By The Week Staff Last updated
-
The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
By The Week Staff Last updated
-
The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie
By The Week Staff Last updated