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Monday, June 17, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: economy

‘We are trapped’: Zimbabwe’s economic crunch hits passports

’We are trapped’: Zimbabwe’s economic crunch hits passports as people sleep in line for days

UPDATED: Mon., June 10, 2019, 7:47 p.m.

U.S. employers hired a record number of people in April

U.S. employers hired the most people on record in April, while the number of open jobs was largely unchanged, evidence that the job market remains solid.

UPDATED: Wed., June 5, 2019, 5:46 p.m.

Survey: Companies add fewest jobs in 9 years in May

U.S. companies added the fewest jobs in nine years, a private survey found, as manufacturers, construction firms and mining companies cut workers.

UPDATED: Tue., June 4, 2019, 3:44 p.m.

Powell hints Fed will cut rates if needed over trade wars

Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond to the Trump administration’s trade conflicts to protect the U.S. economy, signaling that the Fed will cut …

UPDATED: Fri., May 31, 2019, 7:11 p.m.

Markets sink as Trump opens new trade war front against Mexico

The monthlong retreat from one of the stock market’s best starts in years culminated with President Donald Trump threatening to slap a 5% tariff on Mexico and open another front …

UPDATED: Thu., May 30, 2019, 7:11 p.m.

Here’s why the U.S. economy may have already peaked for the year

The U.S. economy grew at a solid 3.1% annual rate in the January-March quarter – a pace that will likely prove to be the high-water mark for the year before …

U.S. stocks skid on worries of prolonged trade standoff

Heightened worries that the U.S. and China are headed for a long standoff in their costly trade dispute put investors in a selling mood Thursday.

UPDATED: Thu., May 16, 2019, 4:26 p.m.

U.S. home construction climbed 5.7% in April

U.S. home construction rose in April, led by an uptick in single-family homes.

UPDATED: Thu., May 16, 2019, 2:32 p.m.

U.S. stock indexes extend winning streak to third day

Stocks marched higher for the third day in a row Thursday, erasing the big plunge they took on Monday on worries about the worsening trade fight between China and the …

U.S. industrial production down 0.5% in April

WASHINGTON – U.S. industrial production fell in April, dragged by a big drop in factory output as production of autos and auto parts continued to slide. Industrial output – reflecting …

China’s economic activity weakens amid tariff war

China’s factory output and consumer spending weakened in April as a tariff war with Washington intensified, adding to pressure on Beijing to shore up shaky economic growth.

UPDATED: Tue., May 14, 2019, 3:36 p.m.

Stocks rise, claw back chunk of Monday’s trade-war plunge

Stocks climbed on Tuesday and clawed back a chunk of their losses from Monday’s rout, the latest whipsaw move as investors weigh just how badly the escalating U.S.-China trade war …

UPDATED: Tue., May 14, 2019, 5:16 p.m.

Consumers could be collateral damage if U.S. expands tariffs

The Trump administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties. That’s roughly an additional $300 billion worth of products, ranging from …

Board extends power to cover Puerto Rico’s 78 municipalities

A federal control board that oversees Puerto Rico’s finances voted on Thursday to extend its power and bring all of the U.S. territory’s 78 municipalities under its supervision for the …

UPDATED: Mon., May 6, 2019, 1:55 p.m.

U.S. stocks slide after threat from Trump to raise tariffs

Fresh market jitters over the possibility of an escalation in the costly trade war between the U.S. and China pulled stocks broadly lower on Wall Street Monday.

Hiring surge lifts economy – and Trump’s re-election chances

Surging economy is giving Trump’s re-election chances a boost

UPDATED: Mon., April 29, 2019, 4:18 p.m.

Outlook for the U.S. economy and stock market brightens

Solid U.S. growth defies recession fears, but hurdles remain as one-time factors drive economy.

UPDATED: Tue., April 23, 2019, 3:04 p.m.

Back to the same record, but it’s a different stock market

The S&P 500 index of big U.S. stocks is back to a record high, closing above 2,930 on Tuesday for the first time since Sept. 20. On the way, though, …

Home sales fall 4.9% in slow start to spring buying season

Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties.

UPDATED: Wed., April 17, 2019, 3:12 p.m.

Fed sees moderate growth but problems in trade and floods

The Federal Reserve said Wednesday the economy was expanding at a moderate pace in March and early April, despite uncertainty caused by trade tensions and severe flooding in the Midwest.

UPDATED: Mon., April 15, 2019, 6:19 p.m.

EU moves to limit focus of trade talks with U.S.

The European Union has approved its terms for negotiating a limited trade deal with the United States, setting up a possible showdown with Washington by refusing to include agricultural products …

Applications for jobless aid fall to lowest in 50 years

The number of people applying for unemployment aid fell last week to its lowest level in nearly five decades, solid evidence that the job market is healthy and layoffs scarce.

UPDATED: Wed., April 3, 2019, 7 p.m.

Spokane selected as test site for national workforce training, business recruitment initiative

Spokane has been chosen as one of five proving grounds nationally for an initiative intended to blend focus on training and recruiting employees with efforts to promote businesses and attract …

IMF managing director says economy is at ‘delicate moment’

IMF managing director warns that global economy is at “delicate moment.”

UPDATED: Mon., April 1, 2019, 2:50 p.m.

Survey: U.S. manufacturing activity increased in March

WASHINGTON – U.S. manufacturers grew at a faster pace in March, as the pace of employment jumped and new orders and production improved.

Pending U.S. home sales slip last month after big January gain

Fewer Americans signed contracts to purchase homes in February after a big gain the previous month.

UPDATED: Mon., March 25, 2019, 7:30 p.m.

Survey: Business economists see slowdown in growth this year

The nation’s business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration’s predictions that growth will accelerate this …

U.S. budget deficit sets February record of $234 billion

The federal government posted a record budget deficit in February, pushing the overall deficit for the first five months of the budget year up 39 percent from a year ago.

UPDATED: Fri., March 22, 2019, 6:55 p.m.

Potential recession signal: A key ‘yield curve’ has inverted

One of the most closely watched predictors of a potential recession just yelped even louder.

UPDATED: Wed., March 20, 2019, 6:33 p.m.

Federal Reserve foresees no interest rate hikes in 2019

The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United …