Stories tagged: economy
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 …
Wed., Aug. 9, 2017, 8:11 a.m.
U.S. productivity rose a modest 0.9 pct. rate in spring
The productivity of American workers rose just modestly in the spring, extending a worrisome issue that has persisted throughout this expansion.
Tue., Aug. 8, 2017, 8:17 a.m.
McDonald’s plans to nearly double restaurants in China
McDonald’s will nearly double the number of restaurants in China in the next five years, eventually surpassing Japan as the hamburger chain’s second-biggest market outside the U.S.
Tue., Aug. 8, 2017, 8:09 a.m.
King County home prices grow $100,000 in a year for first time; West Bellevue jumps 41 percent
For the first time ever, the median King County home price has grown more than $100,000 in just a year, a new grim milestone for buyers already dealing with the …
Tue., Aug. 8, 2017, 8:04 a.m.
U.S. job openings surged in June to record high
U.S. employers posted a record number of open jobs in June, a sign that the solid hiring of recent months will likely continue.
Tue., Aug. 8, 2017
Robert J. Samuelson: Beware of economic growth as magic elixir
We can no longer grow our way out of serious conflicts, if we ever could. There isn’t enough money to satisfy all our demands, even at higher rates of economic …
UPDATED: Fri., Aug. 4, 2017, 3:35 p.m.
Furloughs approved for 1st time in Puerto Rico’s history
A federal control board overseeing Puerto Rico’s crisis-wracked finances announced Friday that it will impose furloughs for the first time in the U.S. territory’s history.
Fri., Aug. 4, 2017, 7:46 a.m.
U.S. trade deficit narrowed to $43.6 billion in June
The U.S. trade deficit narrowed in June as exports hit the highest level in 2
UPDATED: Fri., Aug. 4, 2017, 5:25 p.m.
U.S. job growth surges in July
The U.S. economy added 209,000 jobs in July, according to government data released Friday, surpassing economists’ expectations and suggesting the economy continues to thrive after an extended streak of job …
Thu., Aug. 3, 2017, 8:41 a.m.
Mexico says it’s willing to talk on sensitive NAFTA issues
Mexico said Wednesday it is willing to talk about tough issues in the renegotiation of the North American Free Trade Agreement, which is set to start Aug. 16.
UPDATED: Thu., Aug. 3, 2017, 5:18 p.m.
FedEx, in online pivot, backs away from holiday surcharges
FedEx will forego special charges for most packages shipped during the chaotic holiday season this year as it squares off against rival UPS in a fight for a larger share …
Thu., Aug. 3, 2017, 7:51 a.m.
U.S. services firms register slowest growth in nearly a year
U.S. services firms grew last month at the slowest pace since August 2016, a performance consistent with only modest economic growth.
UPDATED: Thu., Aug. 3, 2017, 10:26 a.m.
Factory orders rose in June as demand for aircraft soared
Orders at U.S. factories increased in June as demand surged for aircraft.
Thu., Aug. 3, 2017, 7:47 a.m.
Weekly jobless aid requests down 5,000, to 240,000
Fewer Americans applied for jobless aid last week, keeping the number of people seeking benefits close to historic lows.
Wed., Aug. 2, 2017, 8:47 a.m.
Stock market’s Goldilocks rally still has growth potential
The “Goldilocks” rally still has juice. That perfect environment to sustain broad market gains – when global growth is fast enough to lift corporate profits, but tame enough to keep …
Wed., Aug. 2, 2017, 8:34 a.m.
Survey: US companies added a solid 178,000 jobs in July
U.S. businesses added a solid 178,000 jobs in July, a survey found, evidence that employers remain confident enough about future demand to keep hiring.
UPDATED: Wed., Aug. 2, 2017, 4:34 p.m.
Amazon, in sign of growth, holds job fair for US warehouses
Amazon is holding a giant job fair Wednesday and plans to make thousands of job offers on the spot at nearly a dozen U.S. warehouses.
UPDATED: Tue., Aug. 1, 2017, 6:01 p.m.
Puerto Rico betting on medical marijuana to help ease crisis
Jesus Aponte pushes a door open to reveal hundreds of aromatic, spiky green plants, a crop that Puerto Rico hopes will help it ease a grinding economic crisis by generating …
UPDATED: Tue., Aug. 1, 2017, 11:29 a.m.
U.S. factory activity grew more slowly in July
U.S. factories expanded again last month – a good sign for the economy. But pace of growth was down from June.
UPDATED: Tue., Aug. 1, 2017, 11:49 a.m.
Expensive in Seattle? Affordability debate for mayor’s race
Seattle voters will winnow a field of 21 mayoral candidates down to two on Tuesday when they start the process of picking a new leader for the booming city that’s …
Tue., Aug. 1, 2017, 7:19 a.m.
Construction spending fell 1.3 percent in June
U.S. construction spending declined in June for the second time in three months, as spending on government construction projects plunged by the largest amount in 15 years.
Tue., Aug. 1, 2017, 7:16 a.m.
Bank of England employees strike for first time in 50 years
Striking employees at the Bank of England are wearing comical masks depicting Governor Mark Carney as they picket outside the institution demanding better pay.
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.