Stories tagged: economy
Fri., July 8, 2016, 4:31 p.m.
Warnings of British economic downturn piling up
The warnings are piling up – Britain’s decision to leave the European Union appears to be already hitting the economy.
Fri., July 8, 2016, 2:58 p.m.
Uber raises $1.15 billion in leveraged loan
Uber has reportedly raised $1.15 billion in a new high-yield loan that will allow the company to take advantage of low interest rates without diluting the equity of early investors.
Fri., July 8, 2016, 2:57 p.m.
Stocks finish just short of a record on strong jobs report
U.S. stocks surged Friday, finishing just short of record highs, as investors responded enthusiastically to a strong June job market report.
Fri., July 8, 2016, 1:17 p.m.
IMF: Brexit fallout will shave eurozone growth in 2016, 2017
Britain’s decision to leave the European Union will trim economic growth this year and next across the 19 countries that share the euro currency.
Fri., July 8, 2016, 10:48 a.m.
June hiring surge of 287,000 suggests rebounding U.S economy
Employers shook off two months of weak hiring by adding 287,000 jobs in June, a robust pace that suggests a resilient U.S. economy recovering from a slump early in the …
UPDATED: Wed., July 6, 2016, 3:28 p.m.
Wal-Mart now lets you pay with phone at all U.S. stores
Wal-Mart will now let you pay with your phone at all 4,600 stores nationwide. With Walmart Pay, the cashier scans a QR code on the phone screen to complete the …
Wed., July 6, 2016, 1:42 p.m.
Verizon hikes prices, but new options could save you money
Verizon is hiking prices on its cellphone plans, though the new rates come with changes that might actually save you money.
Wed., July 6, 2016, 1:37 p.m.
McDonald’s expands all-day breakfast menu
McDonald’s this fall is expanding its all-day breakfast menu to include McGriddles and the option of biscuits for a wider swath of the country.
Wed., July 6, 2016, 11:59 a.m.
Minimum wage increase supporters turn in signatures
Supporters of raising Washington state’s minimum wage have turned in more than 360,000 signatures in support of a ballot measure that seeks to incrementally increase the state’s rate over the …
Wed., July 6, 2016, 9:44 a.m.
Chinese imports push up U.S. trade deficit in May
The U.S. trade deficit climbed in May as a surge in imports of Chinese-made cellphones and computers pushed the politically sensitive imbalance with China to the highest level in six …
Wed., July 6, 2016, 9:41 a.m.
U.S. services firms grew in June at fastest pace in 7 months
U.S. services firms expanded last month at the fastest pace since November, good news for the U.S. economy.
Mon., July 4, 2016, 2:39 p.m.
Insider Q&A: A model for more rational drug prices
Rising drug prices are creating anxiety for patients, politicians and physicians across the country, with little relief in sight.
Mon., July 4, 2016, 2:38 p.m.
UK gov’t won’t offer guarantee to EU citizens
Britain’s immigration minister says he can’t guarantee that European Union citizens who live in the U.K. will be able to stay after the country leaves the bloc.
Mon., July 4, 2016, 2:28 p.m.
McDonald’s invests over $550 million to revamp German sites
BERLIN – Fast-food chain McDonald’s says it is investing 500 million euros ($557 million) to modernize its restaurants in Germany. The company says 72 “restaurants of the future” will start …
Mon., July 4, 2016, 1:31 p.m.
Trump Taj Mahal workers: Strike fights owner’s ‘tyranny’
Striking Atlantic City casino workers are using the Fourth of July holiday to highlight their struggle against billionaire Carl Icahn, who owns the Trump Taj Mahal casino.
Mon., July 4, 2016, 10:07 a.m.
UK left with power vacuum as UKIP leader latest to step down
The head of the U.K. Independence Party, Nigel Farage, resigned Monday as party leader, the latest British political chief to tumble amid the political turmoil following the country’s vote to …
Mon., July 4, 2016, 9:26 a.m.
Britain plans to cut corporation tax to hold onto business
Britain’s Treasury chief plans to cut U.K. corporation tax to less than 15 percent to encourage companies to invest and ease business concerns about the country’s vote to leave the …
Mon., July 4, 2016, 8:17 a.m.
Stocks dip in Europe amid thin trading; U.S. closed for holiday
European stock markets slipped Monday, despite gains earlier in Asia, as investors awaited more clarity on Britain’s future outside the European Union and a U.S. holiday kept trading volumes thin.
Sat., July 2, 2016, 12:46 p.m.
Creditors and iHeartMedia reach debt restructuring impasse
One of the world’s largest radio and billboard companies says it may have reached an impasse in its efforts to persuade creditors to restructure its massive debt.
Sat., July 2, 2016, 11:25 a.m.
Taj Mahal workers continue strike over health care, pensions
A strike against Atlantic City’s Trump Taj Mahal casino entered its second day Saturday with both sides appearing confident they could outwait the other and prevail in the bitter dispute …
Sat., July 2, 2016, 10:25 a.m.
What’s growing in that there field? New signs tell the story
If you’ve ever driven by ripening grain fields and puzzled over what’s growing there, the U.S. Department of Agriculture’s Farm Services Agency has a solution for you.
Fri., July 1, 2016, 1:32 p.m.
U.S. income gap widened last year as top 1 percent gained most
Financial inequality became even wider in the United States last year, with average income for the top 1 percent of households surging 7.7 percent to $1.36 million. Income for the …
Thu., June 30, 2016, 3:22 p.m.
Puerto Rico crisis enters new phase as Obama signs debt bill
Puerto Rico’s fiscal crisis reached a turning point as President Barack Obama signed bipartisan legislation Thursday that allows the island to escape from debts Wall Street once viewed as ironclad.
Thu., June 30, 2016, 10:47 a.m.
Owners of old Honda vehicles urged to get air bags fixed
The U.S. government is urging owners of 313,000 older Hondas and Acuras to stop driving them and get them repaired after new tests found that their Takata air bag inflators …
Thu., June 30, 2016, 10:41 a.m.
Appeals court rejects $7.25B credit card swipe fee settlement
An appeals court has rejected a $7.25 billion settlement between merchants and Visa Inc. and MasterCard Inc. over credit card transaction fees.
Thu., June 30, 2016, 10:39 a.m.
Average US 30-year mortgage falls to 3.48 percent
Long-term U.S. mortgage rates slid to new lows for the year this week amid market upheaval stoked by Britain’s vote to leave the European Union. Rates are at three-year lows …
Thu., June 30, 2016, 10:37 a.m.
Claims for unemployment aid rise but remain at low level
More Americans applied for unemployment benefits last week, but the level of jobless claims remains low enough to suggest that most workers enjoy job security.
Tue., June 28, 2016, 2:53 p.m.
Senate to consider Puerto Rico bill as deadline nears
Treasury Secretary Jacob Lew is warning of widespread consequences, from layoffs of police officers to a hospital closure, if the Senate fails to act before Friday on a rescue package …
Tue., June 28, 2016, 10:55 a.m.
UK business in limbo in face of years of Brexit uncertainty
Businesses in Britain already are seeing the impact of the seismic vote to have the country leave the other 27-nations in the trading bloc and strike out on its own. …
Mon., June 27, 2016, 7:11 p.m.
What the Brexit turmoil might do to your wallet
Panic over Great Britain’s startling vote to exit the European Union sent global financial markets skidding anew Monday, with shock waves felt from Shanghai to Wall Street. What does it …