Stories tagged: economy
Fri., Oct. 21, 2016, 12:52 p.m.
Tesla may enter ride-hailing business next year
Electric car maker Tesla Motors has plans to get into the ride-hailing and sharing businesses. The company hinted at the venture earlier this week when it announced that all of …
Fri., Oct. 21, 2016, 12:50 p.m.
Seattle skyline tops in U.S. for construction cranes
Seattle is – for the moment, at least – the crane capital of America. As the city transforms with taller and taller buildings, Seattle this summer had 58 construction cranes …
Fri., Oct. 21, 2016, 10:04 a.m.
Bombardier to cut 7,500 jobs globally over the next 2 years
Airplane maker Bombardier says it is cutting 7,500 jobs around the world over the next two years.
Thu., Oct. 20, 2016, 3:35 p.m.
Philippine president parts from U.S., moves toward China
Philippine President Rodrigo Duterte announced that his country is separating from the U.S. in a speech before a Beijing economic forum on Thursday, after handing China a major diplomatic victory, …
Thu., Oct. 20, 2016, 3:34 p.m.
Bank places 100 ‘lucky pennies’ across U.S. worth $1,000 each
Stopping to pick up a stray penny off the ground may not seem worth the effort, yet one bank is trying to change that mindset by placing 100 fake pennies …
Thu., Oct. 20, 2016, 2:50 p.m.
Wal-Mart’s China revival strategy calls for deliveries, some by drones, in hours
Wal-Mart Stores has hit the reset button on its China strategy in dramatic fashion. The world’s largest retailer is making an ambitious push into e-commerce in China and aims to …
Thu., Oct. 20, 2016, 2:46 p.m.
Mortgage rates reach their highest levels in four months
Mortgage rates climbed to their highest point in four months this week, rising to pre-Brexit levels.
Thu., Oct. 20, 2016, 2:38 p.m.
Nintendo combines portable and home gaming with Switch
Nintendo has announced a new gaming system that combines a portable handheld device with a dock to use at home.
Wed., Oct. 19, 2016, 12:26 p.m.
Starbucks plans to double stores in China in 5 years
Starbucks is pushing ahead with its expansion into mainland China, saying Wednesday it’s on track to have 5,000 stores by 2021, more than doubling the number of its coffee shops …
Wed., Oct. 19, 2016, 7:04 a.m.
Indian tribes may be sovereign, but their casinos remain subject to federal scrutiny
A California-based tribe’s recent loss at the National Labor Relations Board could reignite interest in controversial legislation affecting Indian casinos and union workers nationwide.
Wed., Oct. 19, 2016, 6 a.m.
This number is a misleading sign of U.S. labor-market strength
The fewest Americans in 42 years are filing applications for unemployment insurance, which on the surface looks like a sign of a historically hot U.S. labor market. The real picture …
Tue., Oct. 18, 2016, 2:59 p.m.
More first-timers than expected are now buying homes, survey indicates
First-time buyers may be entering the U.S. home market in greater numbers than industry watchers had assumed.
Tue., Oct. 18, 2016, 2:16 p.m.
Stocks advance as Fed speculation weakens dollar; crude climbs
Stocks rallied around the world and the dollar fell on speculation the Federal Reserve will stick with a gradual tightening of monetary policy.
Tue., Oct. 18, 2016, 1:54 p.m.
Global money is fleeing Japan stocks at fastest pace since 1987
After dumping their Tokyo stock holdings for four of the past five months, foreigners are on track for their biggest annual exodus since 1987. Back then, they were fleeing bubbly …
Tue., Oct. 18, 2016, 1:35 p.m.
Yahoo tops 3Q profit forecasts
Yahoo Inc. on Tuesday reported third-quarter net income of $162.8 million.
Tue., Oct. 18, 2016, 11:05 a.m.
UnitedHealth raises 2016 forecast, again
UnitedHealth Group has hiked its 2016 earnings forecast again after its profit swelled 23 percent to nearly $2 billion in the third quarter, helped by gains both in and outside …
Tue., Oct. 18, 2016, 11:04 a.m.
Consumer prices rise at fastest pace in five months
The cost of living in the U.S. rose at the fastest pace in five months on energy and shelter prices, a sign inflation is getting closer to the Federal Reserve’s …
Tue., Oct. 18, 2016, 10:40 a.m.
Social Security recipients to get tiny increase in benefits
Millions of Social Security recipients and federal retirees will get a monthly increase in benefits of just 0.3 percent next year, the fifth year in a row that older Americans …
Tue., Oct. 18, 2016
Robert Samuelson: Is high debt the new normal?
There isn’t any magic threshold beyond which a country’s debts automatically become unsustainable. It depends on the country and on circumstances.
Mon., Oct. 17, 2016, 1:11 p.m.
Charities thinking twice about galas at Trump’s Mar-a-Lago
A staple of Palm Beach’s high-end philanthropy circuit, the Mar-a-Lago Club boasts rich history, an 800-seat ballroom and ocean views. But some major charities and fundraisers are now concerned with …
Mon., Oct. 17, 2016, 1:02 p.m.
U.S. factory production rebounded in September
U.S. manufacturers boosted output modestly last month, led by greater production of construction supplies, autos and petroleum products.
Mon., Oct. 17, 2016, 12:58 p.m.
U.S. factory production rises for 3rd time in 4 months
Output at U.S. manufacturers rose for the third time in four months on production of consumer goods and construction materials, a sign the industry is gradually recovering from a prolonged …
Mon., Oct. 17, 2016, 12:39 p.m.
Germany tells Tesla to stop using ‘Autopilot’ in its sales pitch
Germany’s transport minister told Tesla to cease using the Autopilot name to market its cars in that country, under the theory that the name suggests the cars can drive themselves …
Mon., Oct. 10, 2016, 2:42 p.m.
Harvard, MIT professors win Nobel in economics for research on contract theory
Harvard’s Oliver Hart and MIT’s Bengt Holmstrom were awarded the 2016 Nobel Memorial Prize in Economic Sciences on Monday for their work on contract theory, the study of how people …
Fri., Oct. 7, 2016, 6:08 p.m.
Robots? Fat fingers? UK pound endures one of its worst days
The British pound endured one of its biggest falls ever on Friday – with some in the markets blaming trading robots or a fat-fingered typo for sending the currency down …
Fri., Oct. 7, 2016, 1:16 p.m.
Solid hiring, better pay draw more Americans into job hunt
New approach. With AP Photos. AP Photo DT701
Thu., Oct. 6, 2016, 10:51 a.m.
Obama warns of taking dramatic steps that could harm economy
Breaking up the nation’s biggest banks or erecting steep tariffs on imports may sound appealing, but the economy cannot be redesigned and put back together again without harmful consequences for …
Tue., Oct. 4, 2016, 3:23 p.m.
Trump promises revival of US steel, but buys his steel from China
Donald Trump has deep support in the coalfields and steel-producing towns of southwest Pennsylvania, and he has promised to get the foundry furnaces burning again, to get the U.S. steel …
Tue., Oct. 4, 2016, 2:23 p.m.
Google unveils Pixel phone, VR headset, smart speaker
Google launched an aggressive challenge to consumer electronics giants like Apple and Samsung on Tuesday, introducing a new line of smartphones called Pixel and other gadgets designed to showcase a …
Tue., Oct. 4, 2016, 1:28 p.m.
As demand for cars falters, auto prices are poised to fall
While the U.S. inched its way out of the Great Recession, consumers went car shopping in droves. As sales rebounded, the price of cars and trucks rose to record highs.