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Stories tagged: economy


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 …


U.S. sanctions to pile misery on moribund Venezuelan economy

CARACAS, Venezuela – A small army of red-shirted workers mop the linoleum floors as their supervisors, sitting under a giant portrait of Hugo Chavez, look on. By the meltdown standards …


Child marriage increasing in civil war-torn South Sudan

“If I’d have refused, my father and brothers would have killed me,” Eliza says. Shifting uncomfortably in her plastic chair, the 17-year-old recoils when remembering her wedding day.


U.S. consumer confidence improves again in August

American consumers are giving today’s economy the highest grade in more than 16 years.


Britain looking to push Brexit talks with E.U. onto trade

The European Union and Britain started a third round of Brexit negotiations on Monday with EU negotiator Michel Barnier testily berating the British government for what he perceives as a …


UPDATED: Mon., Aug. 28, 2017, 2:35 p.m.

Thanks to Amazon, Seattle is now America’s biggest company town

Amazon.com’s extraordinary growth has turned Seattle into the biggest company town in America.


UPDATED: Mon., Aug. 28, 2017, 5:37 p.m.

Harvey could have deep impact on Texas oil, US economy

Massive flooding caused by Harvey along Texas’ refinery-rich coast could have long-standing and far-reaching consequences for the state’s oil and gas industry and the larger U.S. economy. The storm’s remnants …


Draghi urges cooperation to combat anti-globalization

Mario Draghi, president of the European Central Bank, said Friday that the global economy is strengthening but warned that countries must work together to resist a growing backlash against open …


Hurricane raises flooding, power loss fears for Texas oil refiners

The biggest fears for Texas refiners in the


UPDATED: Thu., Aug. 24, 2017, 9:36 p.m.

Seattle to close one of its largest remaining homeless camps

Seattle city officials have ordered one of its largest remaining homeless encampments to be cleared.