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Stories tagged: economy

UPDATED: Tue., Oct. 10, 2017, 3:35 p.m.

IMF: World economy is picking up speed

The International Monetary Fund on Tuesday raised its forecast for global growth to 3.6 percent this year and 3.7 percent in 2018. For both years, the outlook is up 0.1 …

‘Spoils society’ spawns economic resentment

Regardless of where your sympathies lie – redistribution is both good and bad – what connects all these activities and many others is that they don’t result in the production …

Economic worry in Catalonia amid unanswered mediation calls

Political uncertainty over the future of Catalonia’s secession bid has started spreading to the economy, with stock markets falling and big Catalan firms relocating – or considering a move – …

UPDATED: Thu., Sept. 28, 2017, 2:14 p.m.

U.K.’s May slams Boeing for undermining partnership

British Prime Minister Theresa May warned Thursday of growing protectionism in the global economy, slamming plane maker Boeing for its role in the U.S. government proposal to impose a massive …

Claims for U.S. jobless aid rise by 12,000 to 272,000

The number of Americans applying for unemployment benefits rose by 12,000 last week to 272,000 as Florida continued to absorb the economic impact of Hurricane Irma.

UPDATED: Thu., Sept. 28, 2017, 3:56 p.m.

U.S. economic growth revised up to 3.1 percent rate in Q2

The U.S. economy grew at an upgraded annual rate of 3.1 percent in the spring, the fastest pace in more than two years. But growth is expected to slow sharply …

Long-term mortgage rates unchanged: 30-year at 3.83 percent

Long-term mortgage rates are unchanged this week: The 30-year fixed-rate mortgage remained at 3.83 percent; the 15-year home loan, popular among homeowners who refinance their mortgages, stayed at 3.13 percent, …

UPDATED: Wed., Sept. 27, 2017, 11:15 p.m.

Immigration crackdown could hurt Idaho industries

Idaho’s food and agribusiness industry brought in $1.51 billion in 2011, according to the Idaho Department of Commerce.

UPDATED: Wed., Sept. 27, 2017, 2:16 p.m.

U.S. durable goods orders up 1.7 percent in August

Orders for long-lasting manufactured goods rose a modest 1.7 percent in August, reflecting a rebound in the volatile aircraft sector. A gauge of business investment was up for a second …

UPDATED: Wed., Sept. 27, 2017, 8 a.m.

U.S. pending home sales fell 2.6 percent in August

Fewer people signed contracts to buy homes in August, marking the fifth decline in the past six months. The 2.6 percent decline continues to reflect the worsening shortage nationwide of …

UPDATED: Tue., Sept. 26, 2017, 2:46 p.m.

Trump vows to ‘fix the mess’ as U.S. targets North Korea banks

New U.S. sanctions will punish eight North Korean banks and 26 bank workers living abroad, the Trump administration announced Tuesday, in the first use of new sanctioning powers granted by …

UPDATED: Tue., Sept. 26, 2017, 10:56 p.m.

Seattle would boost spending on homelessness under proposed budget

Seattle would again boost its spending to combat homelessness under a proposed 2018 budget Mayor Tim Burgess delivered Monday to the City Council.

UPDATED: Tue., Sept. 26, 2017, 2:54 p.m.

Mexico tallying the economic cost of big earthquake

Mexican officials are tallying up the economic losses of the magnitude 7.1 earthquake that caused widespread damage in the capital, as the number of buildings that may need to be …

UPDATED: Tue., Sept. 26, 2017, 11:26 a.m.

Longtime Kohl’s CEO Kevin Mansell to retire

Kohl’s longtime CEO Kevin Mansell is retiring and will be replaced by Michelle Gass, a former Starbucks executive who has been with the company since 2013.

UPDATED: Tue., Sept. 26, 2017, 11:08 a.m.

Sales of new homes fell 3.4 percent in August

Sales of new U.S. homes slumped 3.4 percent in August, the second straight monthly decline.

Consumer confidence takes a hit from hurricanes

American consumers feel a bit less confident this month, their spirits pulled down by Hurricanes Harvey and Irma.

Australia to create its own space agency for economic boost

Australia announced on Monday it would create its own space agency to increase its share of the $330 billion space economy.

Oregon pension managers shift to age-based investment funds

Oregon’s public pension managers have voted to undertake a major shift in the way they invest members’ money, turning to age-based investment funds for beneficiaries’ individual accounts.

Survey: Economists see no gain from NAFTA renegotiation

Most business economists expect the Trump administration’s efforts to renegotiate the North American Free Trade Agreement will make no difference to the U.S. economy or cause harm.

EU says time running out for Brexit deal

The European Union presidency says time is running out for Britain to seal an agreement on leaving the EU, with a fourth round of Brexit negotiations about to begin in …

French truck drivers block roads, reject labor reforms

French truck drivers have organized road blockades on highways and near fuel depots across the country to protest against President Emmanuel Macron’s changes to labor laws.

UPDATED: Mon., Sept. 25, 2017, 7:39 p.m.

Target to up hourly base pay to $15 by end of 2020

Target Corp. is raising its minimum hourly wage to $11 starting next month and then to $15 by the end of 2020 in a move it says will help it …

UPDATED: Thu., Sept. 21, 2017, 9:16 p.m.

North Korea hits back at Trump, threatens H-bomb test in Pacific

Kim Jong Un on Friday described Donald Trump as “deranged” and Pyongyang’s foreign minister said North Korea may test a hydrogen bomb in the Pacific as the recalcitrant nation hit …

Claims for jobless aid fall as hurricane impact recedes

The number of Americans seeking unemployment benefits dropped by 23,000 last week to 259,000 as the economic impact of Hurricane Harvey began to fade.

Thirty-year fixed mortgage rate rises to 3.83 percent

Long-term mortgage rates rose this week, lifting the 30-year fixed mortgage from the lowest levels of 2017.

Equifax may be happy to spend $1 per customer for their trouble

Equifax could get away with paying a mere $1 per person after failing to protect almost half of America’s credit data.

US home sales off 1.7 pct., hurt by Harvey and low supply

U.S. home sales fell 1.7 percent in August, pulled down by the effects of Hurricane Harvey and a worsening shortage of available properties.

U.S. current account deficit hits $123.1 billion

The deficit in the broadest measure of U.S. trade rose to the highest level in more than eight years this spring, reflecting in part a drop in fines and penalties …

UPDATED: Tue., Sept. 19, 2017, 8:07 a.m.

U.S. housing starts fall 0.8 pct., a 2nd straight monthly drop

Homebuilders slowed their pace of construction by 0.8 percent in August, the second straight monthly decline. A steep drop in multifamily construction more than offset a slight gain in single-family-home …

UPDATED: Mon., Sept. 18, 2017, 9:25 p.m.

Trump’s week anchored by speech to U.N. General Assembly

President Donald Trump made his debut at the United Nations on Monday, using his first moments at the world body to urge the 193-nation organization to reduce bureaucracy and costs …