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Stories tagged: economy


Fixed mortgage rates halt their downward march

Fixed mortgage rates’ downward march came to a halt this week.


Higher gas, housing costs lift U.S. consumer prices 0.4 pct.

Higher gas and housing costs boosted U.S. consumer prices 0.4 percent in August, the most in seven months. The increase suggests inflation could be picking up, but the figures may …


U.S. jobless benefit applications fell by 14,000 last week

The number of people seeking unemployment benefits declined slightly last week but still remained elevated as hurricane disruptions impacted layoffs for a second week.


UPDATED: Wed., Sept. 13, 2017, 12:13 p.m.

Target bumps up holiday hiring by 40 percent this year

Target is hiring 100,000 people to work during the hectic holiday shopping season, up 40 percent from last year.


UPDATED: Wed., Sept. 13, 2017, 12:03 p.m.

U.S. producer prices rose in August as energy costs shot up

Higher energy costs led to prices at the wholesale level rising in August at the fastest pace in four months.


Harvey and Irma to slow U.S. growth, but rebound should follow

With businesses disrupted, fuel and chemical refineries out of commission and consumers struggling to restore their lives, Hurricanes Harvey and Irma will likely pack a tough double-whammy for the U.S. …


Amazon’s surprise plan for HQ2 is a bold experiment

Amazon.com is about to test whether expertise delivering packages across a continent translates to skill in getting executives in far-flung cities to play nice together.


UPDATED: Mon., Sept. 11, 2017, 8:22 a.m.

Trudeau teams up with Canadian labor in push for NAFTA reforms

In Mexico City’s NAFTA talks last week, few Canadians had a higher profile than Jerry Dias.


UPDATED: Sat., Sept. 9, 2017, 10:11 p.m.

Greek PM: Creditor supervision of economy to end in 2018

Prime Minister Alexis Tsipras said Saturday that the Greek economy is turning around and will no longer be under the supervision of the country’s creditors in 2018.


Could Amazon’s HQ bombshell let the air out of Seattle’s housing and development boom?

Amazon has been blamed or praised – depending on your perspective – for Seattle’s historic real estate boom.


British government facing battle to pass key Brexit bill

With 18 months until Britain is due to leave the European Union, the U.K. government warned lawmakers on Thursday that it would be “reckless” to oppose a key piece of …


ECB cuts European inflation forecasts

The European Central Bank has lowered its forecasts for inflation – to 1.2 percent next year from 1.3 percent previously and to 1.5 percent in 2019 from 1.6 percent.


Amazon plans to build second, ‘equal’ headquarters outside Seattle

Amazon.com has outgrown Seattle. The e-commerce giant, which employs about 40,000 people in the city after a hiring boom and urban build-out with little precedent in modern American history, is …


U.S. productivity improved at ho-hum 1.5%. rate in spring

U.S. workers’ productivity rose a bit more this spring than initially reported, but the gains were relatively weak and a key reason why recent economic growth has been modest.


Hurricane Harvey spikes U.S. jobless aid applications to 298,000

The number of people seeking U.S. unemployment benefits soared last week by the most in nearly five years, driven by Hurricane Harvey’s impact on Texas and Louisiana.


Hunger drops to lowest in a decade as economy improves

The number of people facing hunger in the U.S. declined last year to the lowest since 2007 as unemployment fell and some states strengthened child-nutrition programs.


U.S. trade deficit widened slightly in July as exports slipped

The U.S. trade deficit increased slightly in July as exports slipped a bit more than imports.


Kohl’s to open Amazon shops inside some of its stores

Kohl’s said Wednesday that it will open up Amazon shops in 10 of its stores, making it the latest department store operator to make a deal with the e-commerce giant.


Boeing raises 20-year China plane forecast on travel boom

Boeing raised its 20-year forecast for aircraft demand in China as economic growth and an expanding middle class spur travel in the world’s most-populous nation.


U.S. services sector expanded at stronger rate in August

U.S. services businesses grew at a faster pace in August as measures for new orders and hiring improved.


Impact of Houston’s economy is felt well beyond its area

The Houston that was battered by Hurricane Harvey is an economic powerhouse whose influence reaches far beyond its region, leading many to worry about when its economy be able to …


Chile’s entire economic team resigns in government crisis

Chile, Latin America’s wealthiest and most stable nation, saw the resignation of the government’s entire economic team Thursday as policy disputes boiled over following almost four years of sluggish growth.


Brexit talks end in acrimony amid stalemate over bill

Brexit talks ended in stalemate, with both sides deadlocked over the divorce bill and tensions spilling over as the European Union’s negotiator mocked Prime Minister Theresa May.


U.S. pending home sales fell in July, 4th decline in 5 months

Fewer people signed contracts to buy homes in July, the fourth decline in the past five months.


U.S. unemployment claims rise slightly, remain low

More Americans applied for unemployment benefits last week, but the numbers remained low and consistent with a healthy job market.


Consumer spending up 0.3 percent in July

Consumer spending increased in July at the fastest pace in three months, while incomes grew by the largest amount since February, both encouraging signs for future economic growth.


UPDATED: Wed., Aug. 30, 2017, 2:59 p.m.

Trump pushes tax overhaul, says it’s ‘badly needed’

President Donald Trump launched his fall push to overhaul the nation’s tax system by pledging Wednesday that the details-to-come plan would “bring back Main Street” by reducing the crushing tax …


U.S. companies added a strong 237,000 jobs in August

U.S. businesses added a healthy 237,000 jobs in August with broad gains across several industries including construction, manufacturing and leisure and hospitality, according to a private survey.


U.S. economic growth upgraded to 3 percent rate in Q2

The U.S. economy rebounded sharply in the spring, growing at the fastest pace in more than two years amid brisk consumer spending on autos and other goods.


Trump’s planned building boom bumps up against worker shortage

President Donald Trump’s plan to boost the economy with millions of jobs rebuilding roads, bridges and ports has a snag, the construction industry says: There aren’t nearly enough skilled workers …