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Monday, October 14, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: economy


U.S. job openings slip 1.7% in August as labor market slows

U.S. job openings fell 1.7% in August and hires edged down, bolstering views that the labor market may lose momentum as economic uncertainty and a manufacturing recession squeeze employers.


UPDATED: Wed., Oct. 9, 2019, 5:15 p.m.

U.S. stocks notch broad gains amid renewed trade deal hopes

Stocks notched broad gains Wednesday on Wall Street as investors regained some of their optimism about the prospects for progress in the trade war between the U.S. and China.


UPDATED: Mon., Oct. 7, 2019, 2:20 p.m.

Business economists foresee slowdown in U.S. growth

The nation’s business economists think President Donald Trump’s trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible …


Drop in U.S. service sector activity raises economic concerns

Growth in the U.S. economy’s vast services sector slowed sharply in September to its lowest point in three years, suggesting that the Trump administration’s trade conflicts and rising uncertainty are …


Survey: Businesses added just 135,000 jobs in September

U.S. companies added a modest 135,000 jobs in September, a private survey found, a sign that hiring is slowing as the trade war takes a toll on the economy and …


UPDATED: Wed., Oct. 2, 2019, 2:06 p.m.

Stocks drop again to worst loss in weeks on economy worries

Stocks tumbled again on Wednesday as worries about a weakening global economy boomeranged around the world.


UPDATED: Tue., Oct. 1, 2019, 2:04 p.m.

U.S. manufacturing sinks to decade-low, stoking economic concerns

U.S. factory activity hit a decade low last month in the face of President Donald Trump’s trade conflicts, adding to a weakening picture of the global economy.


UPDATED: Fri., Sept. 27, 2019, 4:42 p.m.

U.S. consumer spending rises just 0.1% in August

American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace.


UPDATED: Thu., Sept. 26, 2019, 3:15 p.m.

U.S. economy grew at modest 2% rate in second quarter

WASHINGTON – The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. …


UPDATED: Mon., Sept. 16, 2019, 5:46 p.m.

With Trump trade war a threat, Fed is set to cut rates again

For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and …


Yes, stocks are up again. No, recession worries aren’t gone

The U.S. economy is sending some worrying signals about a possible recession, yet the stock market has gone on a what-me-worry ride toward record heights.


A slowdown in U.S. business formation poses a risk to economy

The longest expansion on record, which began in mid-2009, has failed to restore entrepreneurship to its pre-recession levels, according to a Census Bureau report based on tax filings.


UPDATED: Thu., Sept. 12, 2019, 7:21 p.m.

U.S., China exchange goodwill gesture ahead of trade talks

The United States and China traded conciliatory gestures, raising hopes they can de-escalate a standoff over trade that has shaken financial markets and cast gloom over the global economy.


UPDATED: Wed., Sept. 11, 2019, 2:13 p.m.

U.S. wholesale prices up tiny 0.1% in August

U.S. wholesale prices edged up a slight 0.1% in August as energy prices took a big plunge, a further sign that inflation is remaining tame.


UPDATED: Wed., Sept. 11, 2019, 1:52 p.m.

U.S. stocks notch solid gains as China eases trade tensions

Stocks rose broadly on Wall Street in afternoon trading Wednesday as investors welcomed China’s move to exempt some U.S. products from a recent round of tariffs.


U.S. job openings fell 0.4% in July

The number of open U.S. jobs slipped 0.4% in July, while hires climbed slightly, a sign that some employers may be growing cautious amid rising economic uncertainty.


U.S. consumer borrowing posts biggest gain since late 2017

The Federal Reserve said overall consumer borrowing increased by $23.3 billion in July after a $13.8 billion advance in June. It was the biggest monthly gain since a $29.9 billion …


U.S. stocks jump on planned resumption of US-China trade talks

Stocks moved broadly higher as investors cheered plans for the U.S. and China to resume trade negotiations in October.


UPDATED: Wed., Sept. 4, 2019, 4:12 p.m.

U.S. trade gap fell 2.7% in July including the gap with China

The U.S. trade deficit declined in July, including the gap with China that has been the focus of President Donald Trump’s tariffs.


UPDATED: Wed., Sept. 4, 2019, 3:02 p.m.

Stocks notch gains, erase prior day’s losses for S&P 500

Technology companies led stocks broadly higher on Wall Street Wednesday, erasing the S&P 500’s losses from a day earlier.


U.S. construction spending rose a slight 0.1% in July

U.S. construction spending ticked up just 0.1% in July, aided by government spending on schools, sewers and the water supply.


Thanks to consumers, U.S. economy is rising steadily if slowly

WASHINGTON – The U.S. economy slowed in the spring, and most analysts expect it to weaken further in the months ahead. Yet the main driver of growth – consumer spending …


UPDATED: Thu., Aug. 29, 2019, 5:47 p.m.

Dow surges 326 points on hopes for U.S.-China trade talks

Investors holding out fresh hope that new talks between the U.S. and China set for September can lead to progress in the nations’ ongoing trade war spurred the rally, which …


Banks help drive U.S. stocks broadly higher after wobbly start

Banks and energy companies helped power U.S. stocks broadly higher in midday trading Wednesday as the market clawed back some of its losses from a day earlier.


UPDATED: Mon., Aug. 26, 2019, 4:50 p.m.

U.S. stocks rally on optimism for a U.S.-China trade war thaw

Stocks are marching broadly higher on Wall Street in early trading after President Donald Trump claimed China was willing to reopen talks on the costly trade war that has roiled …


China lets yuan sink, Trump says serious talks to start

China allowed its yuan to sink Monday and U.S. President Donald Trump said the two sides will talk “very seriously” about their war over trade and technology following tit-for-tat tariff …


UPDATED: Wed., Aug. 21, 2019, 5:39 p.m.

U.S. home sales rose 2.5% in July, aided by low mortgage rates

U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying.


UPDATED: Wed., Aug. 21, 2019, 11:50 a.m.

Solid earnings from major U.S. retailers drive stocks higher

U.S. stocks marched broadly higher in midday trading Wednesday as investors welcomed a batch of strong earnings reports from several big retailers.


U.S. has 501,000 fewer jobs than first reported

The U.S. job market isn’t quite as strong as originally believed – with revised figures showing that the economy had 501,000 fewer total jobs this March than initially reported.


Robert J. Samuelson: Learning from the Great Depression

There are parallels between the present financial turmoil and past episodes of economic disruption, including the Great Depression of the 1930s.