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Wednesday, January 16, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: economy

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.

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.