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Stories tagged: economy


U.S. services firms record strongest performance since 2005

The U.S. services sector boomed in January, registering the best performance since 2005 and delivering more evidence of American economic strength.


Fed leaves key rate unchanged at Yellen’s final meeting

The Federal Reserve has left its benchmark interest rate unchanged but signaled that it expects to resume raising rates gradually to reflect a healthy job market and economy.


UK’s Theresa May heads for China as rivals plot her demise

British Prime Minister Theresa May is flying to China seeking a key economic partner for post-Brexit Britain. She leaves behind a divided government, a feuding Conservative Party – and a …


AP Fact Check: Trump’s claims on climate, economy

WASHINGTON – President Donald Trump tried to play it both ways on climate change in describing a warming-but-cooling planet Earth. The unequivocal response, according to data and climate scientists: wrong. …


UPDATED: Fri., Jan. 26, 2018, 2:30 p.m.

U.S. economy grew at solid 2.6 percent rate in fourth quarter

The U.S. economy grew at a solid rate of 2.6 percent in the final three months of last year, helped by the fastest consumer spending since the spring of 2016 …


Shawn Vestal: If you think tax cuts are unleashing the economy, wait till you see the pot numbers

The new federal tax cuts should add a jolt to the state’s economy, a new revenue forecast says. Not a huge jolt. Not a marijuana-sized jolt.


Long shutdown could hurt economy, a short one just ‘a blip’

If the shutdown lasts just days or even a couple of weeks, the robust stock market that President Donald Trump has boasted about probably will emerge unscathed. A longer impasse, …


UPDATED: Thu., Jan. 11, 2018, 2:15 p.m.

U.N. chief touts positive economic contributions of migrants

Secretary-General Antonio Guterres urged all countries Thursday to focus on the overwhelmingly positive contributions of migrants and use “facts not prejudice,” warning that authorities who erect obstacles “inflict needless economic …


Analysis: Iran protests show danger of economic woes

The protesters rallied for days in Iran, chanting against government corruption and demanding justice.


U.S. employers closed out 2017 with modest but steady hiring

U.S. employers added 148,000 jobs in December, a modest gain but still enough to suggest that the economy entered the new year with solid momentum.


Hard-line cleric says social media fed Iran protests, unrest

A hard-line cleric leading Friday prayers in Iran’s capital called on the Islamic Republic to build its own social media, blaming popular international messaging apps for the unrest that accompanied …


UPDATED: Tue., Jan. 2, 2018, 2:24 p.m.

Iran’s top leader blames protests on meddling by ‘enemies’

Iran’s supreme leader on Tuesday blamed the protests roiling the country on “enemies of Iran” who he said were meddling in its internal affairs, as state television reported that overnight …


UPDATED: Sat., Dec. 30, 2017, 3:02 p.m.

New economic protests in Tehran challenge Iran’s government

A wave of spontaneous protests over Iran’s weak economy swept into Tehran on Saturday, with college students and others chanting against the government just hours after hard-liners held their own …


U.S. economy grew at solid 3.2 percent rate in third quarter

The U.S. economy grew at a solid 3.2 percent annual rate from July through September, slightly slower than previously estimated but still enough to give the country the best back-to-back …


Trump defends tax plan, proclaims economy set ‘to rock’

Closing in on the first major legislative achievement of his term, President Donald Trump on Saturday defended the Republican tax cut as a good deal for the middle class while …


UPDATED: Wed., Dec. 13, 2017, 12:06 p.m.

Study: Oregon’s state parks put $1B into economy

A study by the Oregon Parks and Recreation Department finds visitors to the state’s parks contributed more than $1 billion to the economy and supported 16,000 jobs in 2016.


U.S. factory growth slowed in November but still looks strong

American factories grew more slowly in November but still appear healthy.


UPDATED: Wed., Nov. 29, 2017, 8:38 a.m.

U.S. economy expanded at brisk 3.3 percent pace in third quarter

Led by a rise in business investment, the U.S. economy grew at an annual pace of 3.3 percent from July through September, its fastest rate in three years.


World economy growing faster than in years, but not for long

The world economy is growing faster than it has in seven years and more and more people are working – but the high growth isn’t expected to last long, and …


Eurozone economy heading for strongest quarter since 2011

The 19-country eurozone is set for its best quarterly performance since early 2011, according to a closely watched survey Thursday, the latest sign that a robust economy has gained further …


Garth Brooks drums up $14.6 million worth of business in Spokane

A number of Spokane businesses are looking for an increase in revenue during Brooks’ six-day, seven-show run in Spokane. And there is plenty of money to be made. Visit Spokane …


A political shock throws Lebanon’s economy back into crisis

Just when things were starting to look up for Lebanon’s economy, a new political crisis threatens to send it crashing down again.


UPDATED: Thu., Nov. 9, 2017, 10:07 a.m.

Local economists: Regional economy poised for growth

If you believe things have been pretty good for business and households in the Inland Northwest recently, you’re right.


Samuelson: Absent politics, Powell at Fed is fine

It will be Powell’s Fed. Assuming he’s confirmed by the Senate, Jerome (“Jay”) Powell will become the 16th chairman of the Federal Reserve Board in early 2018. Almost by definition, …


UPDATED: Sat., Oct. 28, 2017, 10:46 p.m.

Icelanders go to the polls for 3rd time in 4 years

Icelanders were voting for the third time in four years Saturday as the nation tried to shake off the latest political crisis on an island roiled by divisions since its …


Froma Harrop: Taking stock in the Trump economy

Showman Trump portrays every bit of positive economic news as evidence of his superhero powers, but inconvenient facts remain. One is that stock markets in other countries have also been …


U.S. economy grew at 3 percent rate in July-September quarter

The U.S. economy, bolstered by business investment, grew at a solid annual rate of 3 percent in the third quarter. It marks the first time in three years that growth …


Yellen sounds upbeat note on economy and inflation prospects

Federal Reserve Chair Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will …


As bids for Amazon’s headquarters come due, tech has a chance to spread the wealth

As Amazon ponders where to locate a second headquarters site and 50,000 workers – proposals are due by Thursday – it is raising questions about whether the industry, and America, …


UPDATED: Wed., Oct. 11, 2017, 4:11 p.m.

U.S. demands raise fears that leaving NAFTA could hurt economy

Round 4 of NAFTA talks began Wednesday in Arlington, Virginia. In a sign of how contentious things could get, the countries extended the negotiations for two extra days, through Tuesday.