Stories tagged: economy
UPDATED: Tue., June 20, 2017, 3:08 p.m.
Despite secrecy, McConnell says GOP getting ready for Senate health care vote
Senate Republicans steered toward a potential showdown vote on their long-awaited health care bill next week, despite indications that they’ve yet to solidify the 50 GOP votes they’ll need to …
Tue., June 20, 2017
Restructured economy triggers blue-collar disappointment
Through the 1960s, all workers’ incomes advanced fairly evenly, and people’s relative economic positions didn’t change much. That’s no longer true, say Rose and Reeves.
UPDATED: Mon., June 19, 2017, 2:55 p.m.
Boeing launches MAX 10 at Paris Air Show
Boeing launched the new 737 MAX 10 on the opening day of the Paris Air Show, reporting that it has 240 orders and commitments to announce this week.
Mon., June 19, 2017, 8:54 a.m.
Big names descend on White House for Trump’s technology summit
Executives from many of the world’s largest technology companies will gather Monday at the White House to meet with President Donald Trump and his senior advisers during a summit aimed …
UPDATED: Fri., June 16, 2017, 2:05 p.m.
Trump restores some Cuba penalties, rejecting ‘oppressors’
President Donald Trump declared Friday he was restoring some travel and economic restrictions on Cuba that were lifted as part of the Obama administration’s historic easing. He challenged the communist …
Fri., June 16, 2017, 9:35 a.m.
Hiring up in 9 states, jobless rate at record low in Washington, 3 other states
Employers added a significant number of jobs in nine states last month, and unemployment rates in four states fell to record lows.
Fri., June 16, 2017, 7:03 a.m.
Decades-old work-study program faces major cuts
Hannah Zwick put herself through college by working as a fundraiser for her university under the federal work-study program. She liked the job so much that she decided to pursue …
UPDATED: Thu., June 15, 2017, 7:33 p.m.
This is peak investing: Stocks, bonds and concerns are up
If it feels precarious to have so many investments doing so well, particularly when the economy itself is still growing only modestly, markets are giving few indications of worry.
Thu., June 15, 2017, 8:50 a.m.
U.S. mortgage rates blip higher
Long-term U.S. mortgage rates edged up this week as the benchmark 30-year rate bounced back from a seven-month low.
Thu., June 15, 2017, 8:45 a.m.
U.S. factory output fell 0.4 pct. in May as car sales slump
U.S. factory output fell last month as manufacturers cranked out fewer cars, computers and semiconductors, a sign that economic growth remains sluggish.
UPDATED: Wed., June 14, 2017, 3:45 p.m.
Fed raises key rate, unveils plan to reduce bond holdings
The Federal Reserve has raised its benchmark interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed …
Wed., June 14, 2017, 11:17 a.m.
GM extends summer shutdown at two car plants as demand falls
General Motors is extending the normal two-week summer shutdown for at least two U.S. car factories because of slumping sedan sales.
Wed., June 14, 2017, 10:35 a.m.
Smartlabs to open Seattle office after it’s acquired by Richmond Capital
A California smart-home company is opening a software development office in Seattle after a local entrepreneur was named its new CEO.
Wed., June 14, 2017, 8:25 a.m.
U.S. retail sales slide 0.3 percent, biggest drop in 16 months
Americans cut spending at gasoline stations, department stores and electronics shops in May as retail sales registered their biggest drop in 16 months, a cautionary sign for the economy.
Wed., June 14, 2017, 7:59 a.m.
U.S. businesses cut stockpiles in April
U.S. businesses decreased their stockpiles in April by the largest amount since October, while sales were flat.
Tue., June 13, 2017, 12:45 p.m.
Oregon jobless rate drops to 3.6 percent
Oregon’s record-low unemployment rate keeps setting records.
Tue., June 13, 2017, 8:23 a.m.
Sears to cut 400 full-time jobs, mostly at corporate office
Sears Holdings says it will cut about 400 full-time jobs as part of the troubled retailer’s plan to turn its business around.
Tue., June 13, 2017, 8:08 a.m.
Wholesale prices were flat in May
Inflation at the wholesale level stayed unchanged in May as food and energy prices slipped.
Mon., June 12, 2017, 9:19 a.m.
GE’s Immelt steps down, Flannery moves up amid Trian squeeze
Jeffrey Immelt is stepping down as chairman and chief executive of General Electric, bringing to an end a tumultuous 16-year tenure in which he dramatically reshaped the manufacturing powerhouse but …
Mon., June 12, 2017, 8:40 a.m.
Fed is set to raise rates this week despite political tumult
The Washington political world is in disarray. Britain’s election tumult has scrambled the outlook for Europe. And economies in the United States and abroad are plodding along at a pace …
Sun., June 11, 2017, 7:41 a.m.
A Nordstrom buyout? Lessons of J. Crew and Neiman loom large
Nordstrom Inc. shareholders are applauding a plan by its founding family to consider taking the department-store chain private.
UPDATED: Fri., June 9, 2017, 6:38 p.m.
Shoppers fixated with discounts pose big worry for stores
Shoppers who got addicted to sales during the last recession have more tools than ever to cross-check prices and find bargains, creating a race to the bottom – particularly on …
UPDATED: Fri., June 9, 2017, 6:39 p.m.
Pound dives as UK enters new period of uncertainty
The pound fell sharply after Britain’s election saw the Conservatives lose their majority in parliament, raising questions about the next government’s ability to lead the talks to leave the European …
Thu., June 8, 2017, 11:31 a.m.
Claims for U.S. jobless benefits fall by 10,000 to 245,000
Fewer Americans applied for unemployment benefits last week as most U.S. workers continue to enjoy job security.
UPDATED: Thu., June 8, 2017, 6:24 p.m.
Yahoo shareholders approve sale of web businesses to Verizon
Yahoo Inc. shareholders approved the $4.48 billion sale of the company’s main web properties to Verizon Communications, clearing the last major hurdle for a deal announced almost a year ago.
Thu., June 8, 2017, 10:13 a.m.
US household wealth ticks up 1.4 percent to $94.8 trillion
Buoyed by higher stock prices, Americans’ household net worth rose 1.4 percent to $94.8 trillion in the first three months of this year, a trend that could support future spending.
Thu., June 8, 2017, 8:06 a.m.
Average U.S. 30-year mortgage rate falls to 3.89 percent
Long-term U.S. mortgage rates fell this week, as the benchmark 30-year rate declined for the fourth straight week to its lowest level in nearly seven months.
UPDATED: Thu., June 8, 2017, 6:17 p.m.
GOP-run House votes to roll back post-2008 financial rules
The Republican-led House approved sweeping legislation Thursday to undo much of former President Barack Obama’s landmark banking law created after the 2008 economic crisis that caused millions of Americans to …
Wed., June 7, 2017, 11:16 a.m.
Gold makes run toward $1,300 as risk flares from U.K. to Mideast
Gold is taking aim at $1,300 an ounce. The metal has rallied to the highest since November as investors position themselves for the outcome of the U.K. election and potential …
Wed., June 7, 2017, 11:05 a.m.
Ryan won’t commit to Treasury timetable for debt increase
House Speaker Paul Ryan said Wednesday that he won’t commit to holding a vote to increase the government’s borrowing authority this summer.