Stories tagged: economy
Thu., Sept. 1, 2016, 10:05 a.m.
Weekly requests for jobless aid rise but still near lows
Slightly more Americans sought unemployment benefits last week, but the overall levels still remain near historic lows in a positive sign for the job market.
Thu., Sept. 1, 2016, 9:56 a.m.
U.S. construction spending unchanged in July
U.S. construction spending was unchanged in July as weakness in spending on government projects offset gains in home building and the strongest month for non-residential construction on record.
Thu., Sept. 1, 2016, 9:55 a.m.
Samsung delays phone shipment after battery explosion claims
Samsung says shipments of its Galaxy Note 7 smartphones have been delayed for quality control testing.
Thu., Sept. 1, 2016, 9:53 a.m.
Wal-Mart cutting about 7,000 back-office store jobs
Wal-Mart is cutting 7,000 back-office store jobs over the next few months as it centralizes its invoice and accounting departments, expanding a test it announced in June.
Wed., Aug. 31, 2016, 12:39 p.m.
Apple’s tax fight could spur congressional action, treasury secretary says
U.S. Treasury Secretary Jacob Lew is criticizing a European ruling that Apple owes more than $14.5 billion in back taxes. He says the decision may spur Congress to finally address …
Wed., Aug. 31, 2016, 11:56 a.m.
Health officials close Vashon harbor to shellfish harvest
Health officials closed Quartermaster Harbor on Vashon-Maury Island to shellfish harvesting after an unsafe level of poison was detected.
Wed., Aug. 31, 2016, 11:18 a.m.
Germany working hard to conclude U.S. trade deal, Merkel aide says
German Chancellor Angela Merkel’s chief of staff is insisting that Berlin wants to press ahead with concluding a sweeping European Union-U.S. trade deal, underscoring divisions in the country’s governing coalition.
Wed., Aug. 31, 2016, 10:23 a.m.
Brazil’s President Rousseff ousted from office by Senate
Brazil’s Senate on Wednesday voted to remove President Dilma Rousseff from office, the culmination of a yearlong fight that paralyzed Latin America’s largest nation and exposed deep rifts among its …
Wed., Aug. 31, 2016, 10:13 a.m.
Political issues weigh on upcoming G-20 summit in China
While the global economy will dominate at this weekend’s summit of the Group of 20 industrialized and emerging-market nations, politics and security issues form the backdrop to the gathering of …
Wed., Aug. 31, 2016, 9:19 a.m.
British leaders make Brexit plans as talk grows of new vote
British Prime Minister Theresa May has firmly rejected the notion of a second referendum on the country’s membership in the European Union, insisting Wednesday that the U.K. wouldn’t attempt a …
Wed., Aug. 31, 2016, 8:03 a.m.
Historic commercial flight from U.S. lands in Cuba
The first commercial flight between the United States and Cuba in more than a half century flew out of Fort Lauderdale for the central city of Santa Clara on Wednesday …
Wed., Aug. 31, 2016, 7:55 a.m.
Pending home sales strengthened in July
More Americans signed contracts to purchase homes in July, a sign that demand for home ownership remains strong despite a shortage of listings on the market.
Wed., Aug. 31, 2016, 7:14 a.m.
Mexico wonders why its president is meeting with Trump
President Enrique Pena Nieto awoke to a storm of criticism from Mexicans over his decision to meet Wednesday with Republican presidential candidate Donald Trump, who is widely reviled in Mexico …
Wed., Aug. 31, 2016, 7:13 a.m.
U.S. companies add a solid 177,000 jobs in August, ADP survey shows
U.S. businesses added a solid 177,000 jobs in August, according to a private survey, suggesting that hiring remains healthy after two months of strong gains.
Wed., Aug. 31, 2016, 6:54 a.m.
Japanese Defense Ministry seeks record $51 billion budget
Japan’s Defense Ministry is seeking a record-high 5.17 trillion yen ($51 billion) budget for the 2017 fiscal year to bolster missile defense capability amid an escalating North Korean threat and …
Wed., Aug. 31, 2016, 6:03 a.m.
Trudeau hails new era of China-Canada ties on Beijing visit
Canadian Prime Minister Justin Trudeau on Wednesday hailed a new era in relations with China during his first official visit to a key trading partner, saying he aims to boost …
Wed., Aug. 31, 2016, 5:49 a.m.
German labor market strong with unemployment at 6.1 percent
The number of Germans without jobs dropped slightly in August in seasonally adjusted terms, leaving the unemployment rate in Europe’s largest economy unchanged at 6.1 percent.
Wed., Aug. 31, 2016, 5:48 a.m.
Eurozone inflation remains low in wake of energy price slump
Consumer price inflation in the eurozone remained at a low annual rate of 0.2 percent in August mainly due to a slump in energy costs from last year.
Tue., Aug. 30, 2016, 1:51 p.m.
Seattle weighs new rules for businesses with hourly workers
Seattle leaders have proposed new rules for retail and food-service businesses with hourly employees, including requiring them to schedule shifts two weeks in advance and compensate workers for some last-minute …
Tue., Aug. 30, 2016, 12:43 p.m.
U.S. home prices rise in June at slowest pace in 10 months
U.S. home prices rose modestly in June, pushed up by strong sales and a limited supply of available properties.
Tue., Aug. 30, 2016, 12:08 p.m.
Abercrombie closing up to 60 stores after posting wider loss
Abercrombie & Fitch Co. reported a wider loss for its second quarter on Tuesday and said it’s closing up to 60 stores in the United States as both U.S. and …
Tue., Aug. 30, 2016, 12:04 p.m.
Consumer confidence in August highest in 11 months
U.S. consumer confidence increased in August to its highest level in nearly a year, suggesting economic growth could pick up in the second half of the year.
Tue., Aug. 30, 2016, 12:03 p.m.
US bank earnings in Q2 climbed 1.4 percent to $43.6B
U.S. banks’ earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income.
Tue., Aug. 30, 2016, 11:04 a.m.
EU orders Apple to pay up to $14.5 billion in back taxes
Apple has to pay up to $14.5 billion – plus billions more in interest – in back taxes to Ireland after the European Union found Tuesday that the U.S. technology …
Tue., Aug. 30, 2016, 10:43 a.m.
Christie nixes bill to raise New Jersey minimum wage to $15
Republican Gov. Chris Christie on Tuesday shot down an attempt to raise New Jersey’s minimum wage to $10.10 an hour in the next year and to at least $15 over …
Mon., Aug. 29, 2016, 3:28 p.m.
Ammo makes plans to expand Lewiston operations
Vista Outdoor Inc. plans to expand its ammunition manufacturing capacity in Lewiston, creating up to 137 new jobs, to meet increasing market demand.
Fri., Aug. 26, 2016, 4:40 p.m.
Sports Authority customer data sold to Dick’s, but customers can opt out
As Sports Authority was holding going out-of-business sales and auctioning off store leases, it also sold its customers’ data to rival Dick’s Sporting Goods.
Fri., Aug. 26, 2016, 12:13 p.m.
US economy grew at tepid 1.1 percent pace in spring
The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. Yet most …
Fri., Aug. 26, 2016, 12:09 p.m.
Case for interest rate hike ‘has strengthened in recent months,’ Fed chair says
Federal Reserve Chair Janet Yellen signaled Friday that an increase in a key interest rate was on the table at the central bank’s next meeting in September but that a …
Thu., Aug. 25, 2016, 7:32 a.m.
Average U.S. 30-year mortgage rate unchanged at 3.43 percent
Long-term U.S. mortgage rates didn’t budge this week, remaining at historically low levels that continue to lure prospective home buyers.