Stories tagged: economy
UPDATED: Wed., Aug. 30, 2017, 2:59 p.m.
Trump pushes tax overhaul, says it’s ‘badly needed’
President Donald Trump launched his fall push to overhaul the nation’s tax system by pledging Wednesday that the details-to-come plan would “bring back Main Street” by reducing the crushing tax …
Wed., Aug. 30, 2017, 7:49 a.m.
U.S. companies added a strong 237,000 jobs in August
U.S. businesses added a healthy 237,000 jobs in August with broad gains across several industries including construction, manufacturing and leisure and hospitality, according to a private survey.
Wed., Aug. 30, 2017, 7:43 a.m.
U.S. economic growth upgraded to 3 percent rate in Q2
The U.S. economy rebounded sharply in the spring, growing at the fastest pace in more than two years amid brisk consumer spending on autos and other goods.
Tue., Aug. 29, 2017, 3:39 p.m.
Trump’s planned building boom bumps up against worker shortage
President Donald Trump’s plan to boost the economy with millions of jobs rebuilding roads, bridges and ports has a snag, the construction industry says: There aren’t nearly enough skilled workers …
Tue., Aug. 29, 2017, 2:42 p.m.
U.S. sanctions to pile misery on moribund Venezuelan economy
CARACAS, Venezuela – A small army of red-shirted workers mop the linoleum floors as their supervisors, sitting under a giant portrait of Hugo Chavez, look on. By the meltdown standards …
Tue., Aug. 29, 2017, 11:18 a.m.
Child marriage increasing in civil war-torn South Sudan
“If I’d have refused, my father and brothers would have killed me,” Eliza says. Shifting uncomfortably in her plastic chair, the 17-year-old recoils when remembering her wedding day.
Tue., Aug. 29, 2017, 7:37 a.m.
U.S. consumer confidence improves again in August
American consumers are giving today’s economy the highest grade in more than 16 years.
Mon., Aug. 28, 2017, 10:19 a.m.
Britain looking to push Brexit talks with E.U. onto trade
The European Union and Britain started a third round of Brexit negotiations on Monday with EU negotiator Michel Barnier testily berating the British government for what he perceives as a …
UPDATED: Mon., Aug. 28, 2017, 2:35 p.m.
Thanks to Amazon, Seattle is now America’s biggest company town
Amazon.com’s extraordinary growth has turned Seattle into the biggest company town in America.
UPDATED: Mon., Aug. 28, 2017, 5:37 p.m.
Harvey could have deep impact on Texas oil, US economy
Massive flooding caused by Harvey along Texas’ refinery-rich coast could have long-standing and far-reaching consequences for the state’s oil and gas industry and the larger U.S. economy. The storm’s remnants …
Sat., Aug. 26, 2017, 8:51 a.m.
Draghi urges cooperation to combat anti-globalization
Mario Draghi, president of the European Central Bank, said Friday that the global economy is strengthening but warned that countries must work together to resist a growing backlash against open …
Fri., Aug. 25, 2017, 8:33 a.m.
Hurricane raises flooding, power loss fears for Texas oil refiners
The biggest fears for Texas refiners in the
UPDATED: Thu., Aug. 24, 2017, 9:36 p.m.
Seattle to close one of its largest remaining homeless camps
Seattle city officials have ordered one of its largest remaining homeless encampments to be cleared.
Thu., Aug. 24, 2017, 8:38 a.m.
Sears to close more stores as sales continue fall in 2Q
Sears continued to struggle in its second quarter with declining sales amid heightened competition from the likes of Walmart to Amazon. It now says it will close even more stores.
Thu., Aug. 24, 2017, 8:09 a.m.
China criticizes U.S. trade probe as protectionism
China’s Commerce Ministry on Thursday criticized a U.S. decision to launch a trade probe of Beijing’s technology policy as an attack on the global trading system and said it will …
Thu., Aug. 24, 2017, 7:48 a.m.
Pace of U.S. home sales in July reached lowest level of 2017
Americans retreated from buying homes in July as sales sank 1.3 percent to their lowest level of the year.
Thu., Aug. 24, 2017, 7:39 a.m.
Average U.S. mortgage rates stagnant; 30-year rate at yearly low
Long-term U.S. mortgage rates were unchanged to lower this week, with the benchmark 30-year rate marking a new low for the year and its lowest point since last November.
Thu., Aug. 24, 2017, 7:31 a.m.
Weekly requests for jobless aid up 2,000, to 234,000
Slightly more Americans applied for jobless aid last week. Despite the small increase, the number of people seeking benefits remained close to historic lows.
Wed., Aug. 23, 2017, 12:10 p.m.
Oregon taxpayers will get ‘kicker’ tax rebate
Oregon will send more than $460 million back to taxpayers next year, after the surging economy led to unexpectedly strong tax collections, state economists said Wednesday.
Wed., Aug. 23, 2017, 11:33 a.m.
Oregon homeless population increases 6 percent
A survey of Oregon’s homeless population shows the number of people living on the streets or in a shelter has jumped by 6 percent from two years ago.
Wed., Aug. 23, 2017, 8:50 a.m.
Sales of new homes fell in July
Sales of new U.S. homes plummeted 9.4 percent in July, the sharpest one-month drop in nearly a year. But the decline followed strong sales in previous months, and sales so …
Wed., Aug. 23, 2017, 8:02 a.m.
SEC invites public comment on potential sale of Chicago Stock Exchange
The proposal by a group of Chinese investors to buy the Chicago Stock Exchange is on hold while the Securities and Exchange Commission takes time to consider letters from the …
UPDATED: Tue., Aug. 22, 2017, 9:41 a.m.
Trump rebuffs coal industry; CEO claims promise broken
The Trump administration has rejected a coal industry push to issue a rarely used emergency order protecting coal-fired power plants. One executive says the decision breaks a personal promise from …
UPDATED: Tue., Aug. 22, 2017, 9:42 a.m.
McDonald’s to close 169 outlets in India in franchise battle
McDonald’s India has announced it will close nearly 170 McDonald’s outlets in northern and eastern India after the American fast food giant decided to terminate a franchise agreement with its …
UPDATED: Tue., Aug. 22, 2017, 1:38 p.m.
Britain seeks smooth rules to resolve legal disputes after Brexit
Britain says rules governing judicial cooperation with the European Union should stay much as they are now after Brexit to prevent international business disputes and divorce battles from becoming longer …
Mon., Aug. 21, 2017, 12:34 p.m.
McConnell says ‘zero chance’ Congress will fail to raise debt ceiling
Senate Majority Leader Mitch McConnell, R-Ky., said Monday that there was “zero chance, no chance” Congress would fail to raise the debt ceiling by late September, though he offered no …
Mon., Aug. 21, 2017, 7:50 a.m.
Economists see only slight impact from Fed bond trimming
The nation’s business economists believe that the Federal Reserve’s long-awaited move to start reducing its massive bond holdings will push long-term bond rates higher but most think the impact will …
Mon., Aug. 21, 2017, 7:31 a.m.
Herbalife held unsuccessful sale talks
Herbalife says that it was in talks to be acquired and taken private, but that those negotiations ended last week.
Tue., Aug. 15, 2017
Samuelson: Two-track economy complicates solutions
It’s hard to argue that cuts in corporate taxes will accelerate economic growth if many companies are already suffering losses – and don’t benefit from tax cuts.
Wed., Aug. 9, 2017, 9:06 a.m.
Power plant operator reverses course, says it’s staying
The operator of one of the largest coal-fired power plants in the Western U.S. says it intends to keep running the 2,100-megawatt plant after declaring last year that a new …