Stories tagged: economy
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.
Wed., June 7, 2017, 8:57 a.m.
A look at how Trump’s climate moves affect the coal industry
President Donald Trump says withdrawing from a global climate change agreement will boost the U.S. economy, but existing market forces have had far more of an effect on the fossil …
Wed., June 7, 2017, 8:47 a.m.
Report: Washington’s homeless population grew last year
Rough tallies of Washington’s homeless population showed an increase in the number of people living outdoors or in shelters and transitional housing, despite efforts to reduce homelessness.
Wed., June 7, 2017, 7:54 a.m.
Though economy surprises, Europe Central Bank to stick with stimulus program
Europe’s economy is surprising people with its strength. But don’t look for the European Central Bank to signal a withdrawal from its stimulus efforts at Thursday’s meeting.
Wed., June 7, 2017, 7:43 a.m.
Macy’s CEO vows to keep shoppers’ attention as malls fade
Macy’s Chief Executive Officer Jeff Gennette is optimistic about the future of the largest department-store chain, even if it doesn’t look much like the store R.H. Macy imagined.
Tue., June 6, 2017, 9:56 a.m.
Trump infrastructure push faces cold shoulder from Congress
Repairing the nation’s crumbling roads and bridges was supposed to be an area ripe for bipartisan compromise between congressional Democrats and President Donald Trump. Instead, Democrats are panning Trump’s proposed …
UPDATED: Tue., June 6, 2017, 3:35 p.m.
Amazon offers Prime discount to those on government benefits
The move seems aimed at extending Amazon’s reach well beyond the upper- and middle-class customers that underpin its business – right as the e-commerce giant intensifies its battle against a …
Tue., June 6, 2017, 8:51 a.m.
U.S. companies post record number of open jobs in April
U.S. employers advertised the most open jobs in April in 16 years, yet hiring fell and fewer people quit work. The figures suggest that businesses are struggling to find qualified …
Tue., June 6, 2017, 7:55 a.m.
New high court challenge to labor unions follows 4-4 split
Conservative groups are wasting little time in trying to deal a crippling blow to labor unions now that Justice Neil Gorsuch has joined the Supreme Court.
Mon., June 5, 2017, 11:43 a.m.
White House formally backs plan to transfer air traffic control system to private corporation
The White House on Monday formally endorsed a plan to spin off more than 30,000 federal workers into a private nonprofit corporation, separating the nation’s air traffic controllers and those …
Mon., June 5, 2017, 9:59 a.m.
Justices side with religious hospitals in pension dispute
Religious hospitals don’t have to comply with federal laws protecting pension plans, a unanimous Supreme Court ruled Monday in a case that affects retirement benefits for roughly a million workers …
Mon., June 5, 2017, 9:05 a.m.
U.S. productivity flat in first quarter, while labor costs up
The productivity of American workers was flat in the first three months of this year, while labor costs rose at the fastest pace since the second quarter of last year.