Stories tagged: economy
UPDATED: Tue., Aug. 1, 2017, 2:01 p.m.
Car sales seen lower in July; U.S. automakers post sharp drops
U.S. sales of new cars and trucks were expected to show a decline in July as consumers pulled back on purchases and waited for Labor Day deals.
UPDATED: Tue., Aug. 1, 2017, 10:39 a.m.
Consumer spending and income growth both weak in June
Consumer spending slowed in June as income growth turned in the weakest performance in seven months.
Mon., July 31, 2017, 8:11 a.m.
Chinese official says no link between US trade and N. Korea
A senior Chinese trade official said Monday the issue of China-U.S. trade should be kept separate from the issue of North Korean security threats, pushing back on statements from President …
Mon., July 31, 2017, 7:31 a.m.
U.S. pending home sales improved in June
Americans signed more contracts to buy homes in June, snapping a three-month decline in pending sales.
UPDATED: Fri., July 28, 2017, 4:54 p.m.
Sluggish but durable: 5 things about US economy’s expansion
Despite its longevity, this expansion has delivered subpar gains in its pace of growth, full-time hiring and pay increases since it emerged from the wreckage of the Great Recession in …
Fri., July 28, 2017, 8:30 a.m.
U.S. economy expanded at faster 2.6 percent rate in Q2
The U.S. economy revved up this spring after a weak start to the year, fueled by strong consumer spending. But the growth spurt still fell short of the optimistic goals …
UPDATED: Wed., July 26, 2017, 7:53 p.m.
Student-loan forgiveness has halted under Trump, records show
The Education Department says it has not approved any applications for student-loan forgiveness in cases of possible fraud since President Donald Trump took office.
UPDATED: Wed., July 26, 2017, 7:34 p.m.
House, Senate Republicans reach deal to move sanctions bill
House and Senate Republicans have worked out a deal to move quickly on a package of new financial sanctions against Russia, Iran and North Korea, clearing the way for Congress …
UPDATED: Wed., July 26, 2017, 4:28 p.m.
Fed keeps key interest rates unchanged amid low inflation
The Federal Reserve is keeping its benchmark interest rate unchanged at a time of low inflation, which remains persistently below the Fed’s target level.
UPDATED: Wed., July 26, 2017, 3:20 p.m.
Amazon goes on hiring spree as labor market tightens
Amazon has some job openings. Lots of them. The company said Wednesday that it’s looking to fill more than 50,000 positions across the U.S.
Wed., July 26, 2017, 7:19 a.m.
Russia holds off on responding to new U.S. sanctions
The Kremlin on Wednesday refrained from discussing its possible response to a new package of U.S. sanctions against Russia before President Donald Trump signs them into law.
UPDATED: Wed., July 26, 2017, 2:58 p.m.
New-home sales improved modestly in June
U.S. sales of new homes perked up slightly in June, a sign that more would-be buyers are seeking newly built properties.
UPDATED: Tue., July 25, 2017, 6:18 p.m.
Montana revenue shortfall triggers worst-case budget cuts
Montana revenues have fallen far enough below projections to trigger a worst-case scenario $97 million in spending cuts across state government starting as soon as next month.
Tue., July 25, 2017, 11:59 a.m.
Task force struggles to cut $5B from Oregon pension costs
A special task force convened by Gov. Kate Brown is deciding how to cut $5 billion from the Oregon Public Employees Retirement System’s unfunded liability without hurting the retirement benefits …
UPDATED: Tue., July 25, 2017, 8:35 p.m.
U.S. home prices reach record high for 6th straight month
U.S. home prices reached a new high in May for the sixth straight month, raising fears of another housing bubble roughly a decade after a previous one burst.
Mon., July 24, 2017, 12:22 p.m.
Officials to remove hundreds of homeless from Oregon land
State and local officials have come up with an agricultural land management plan that involves removing about 200 to 400 people living in homeless camps on private and public property.
UPDATED: Mon., July 24, 2017, 7:41 p.m.
Fed will likely focus on low inflation but leave rates alone
The Federal Reserve has already achieved one of its two mandates: With the unemployment rate at just 4.4 percent, the Fed has essentially maximized employment.
Mon., July 24, 2017, 7:48 a.m.
WebMD agrees to be bought by buyout firm KKR for $2.8 billion
WebMD Health Corp. agreed to sell itself to buyout firm KKR & Co. in a deal valued at about $2.8 billion.
Mon., July 24, 2017, 7:44 a.m.
U.S. home sales fell in June; would-be buyers can’t find homes
Homebuyers faced surging prices and a shrinking number of properties for sale in June – causing the pace of sales to fall.
UPDATED: Thu., July 20, 2017, 11:25 a.m.
U.S. weekly requests for jobless aid fall to 233,000
Fewer Americans applied for jobless aid last week, as the number of people seeking benefits stays near historic lows pointing to a robust job market.
Thu., July 20, 2017, 8:33 a.m.
British foreign secretary in Japan for security, trade talks
British Foreign Secretary Boris Johnson mingled with robots on Thursday before meeting with Japanese officials.
Thu., July 20, 2017, 8:28 a.m.
Average U.S. mortgage rates fall; 30-year at 3.96 percent
Long-term U.S. mortgage rates declined this week after two straight weeks of increases. The benchmark 30-year rate slipped back below the significant 4 percent level.
Thu., July 20, 2017, 8:22 a.m.
Layoffs begin at Carrier plant that drew Trump’s criticism
More than 300 Carrier Corp. workers are working their final day at the company’s Indianapolis factory as part of an outsourcing of jobs to Mexico that drew criticism last year …
Wed., July 19, 2017, 7:36 a.m.
U.S. housing starts rebounded in June
Homebuilders ramped up construction in June to the fastest pace in four months, led by surges in the Northeast and Midwest.
UPDATED: Wed., July 19, 2017, 3:51 p.m.
Wall Street efforts to improve its image fail to sway Americans
Bad news for financial titans like JPMorgan Chase’s Jamie Dimon and Goldman Sachs Group’s Lloyd Blankfein: Most Americans hold unfavorable views of Wall Street banks and corporate executives, and distrust …
Tue., July 18, 2017, 3:10 p.m.
House budget blueprint boosts military, cuts food stamps
House Republicans on Tuesday unveiled a budget that proposes trillions of dollars in cuts to the social safety net and other domestic programs while sharply boosting military spending, a blueprint …
Tue., July 18, 2017, 7:38 a.m.
In blow to OPEC unity, Ecuador exits deal to cut oil output
Ecuador has dealt a blow to OPEC unity by announcing it will start raising oil production this month, arguing it needs the money.
UPDATED: Tue., July 18, 2017, 4:30 p.m.
U.S. homebuilder sentiment declines in July
U.S. homebuilders are feeling less optimistic about their sales prospects, although their overall outlook remains positive.
Mon., July 17, 2017, 4:33 p.m.
Trump wants new NAFTA deal to cut trade deficit with Mexico
President Donald Trump vowed Monday to boost U.S. manufacturing by cutting the $64 billion trade deficit with Mexico as he showcased products made in all 50 states – everything from …
Mon., July 17, 2017, 8:09 a.m.
Procter & Gamble faces board seat fight from Trian Fund Management
Nelson Peltz’s Trian Fund Management began a proxy fight to win a board seat at Procter & Gamble, characterizing the maker of detergents and diapers as a lumbering giant whose …