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Tuesday, January 28, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: economy

US consumer confidence shows solid gain in January

U.S. consumer confidence showed a strong gain in January, bolstered by continued strength in the job market.

UPDATED: Tue., Jan. 28, 2020

Stocks indexes gain on Wall Street a day after a big drop

Stocks closed broadly higher on Wall Street Tuesday, reversing a big slice of the market’s losses from a sharp sell-off the day before.

UPDATED: Mon., Jan. 27, 2020

Stocks tumble as virus fears spark sell-off; Dow falls 453

U.S. stocks fell sharply Monday, sending the Dow Jones Industrial Average down by more than 450 points, as investors grappled with fresh worries about the spread of a new virus …

Just about every store at the mall is struggling. Then there’s Bath & Body Works.

For three decades, Bath & Body Works has been an enduring and unexpected bright spot in the now-crumbling landscape of America’s malls.

UPDATED: Tue., Jan. 21, 2020

Trump lauds U.S. economy in Davos, says little on climate woes

President Donald Trump said Tuesday that he’s led a “spectacular” turnaround of the U.S. economy and urged the world to invest in America, but had less to say about climate …

Employers post fewer jobs in November

The number of available jobs fell sharply in November, dropping to 6.8 million, a decline of 7.6% from the October level.

US stocks rise after signing of ‘Phase 1’ trade deal

Stocks rose in afternoon trading on Wall Street Wednesday after the signing of an initial trade deal between the U.S. and China.

US employment remains strong, 145,000 jobs added in December

U.S. employers downshifted their hiring in December, adding 145,000 jobs as consumer spending appeared to aid gains in the retail and hospitality sectors.

U.S. stocks head toward records; tech leads the way

Stocks are climbing Thursday, and the S&P 500 is heading for a record as markets continued their rally on relief that the United States and Iran appear to be stepping …

World Bank sees modest global 2020 rebound but trade a risk

In an updated economic outlook released Wednesday, the World Bank forecast the global economy will grow 2.5% this year, up only slightly from 2.4% growth in 2019. That had been …

UPDATED: Wed., Jan. 8, 2020

Survey: US companies added 202,000 jobs in December

U.S. companies added 202,000 jobs in December, led by robust hiring in construction, trade, transportation and utilities, according to a private survey.

UPDATED: Fri., Jan. 3, 2020

U.S. construction spending up 0.6% in November, led by housing

Spending on U.S. construction projects rose a solid 0.6% in November as gains in home building and government projects offset weakness in nonresidential construction.

UPDATED: Fri., Jan. 3, 2020

US manufacturing activity falls to lowest level in decade

WASHINGTON – U.S. manufacturing activity fell to the lowest level in more than a decade, as the sector was hurt by weakening demand and last year’s global economic slowdown. The …

UPDATED: Fri., Jan. 3, 2020

Oil prices surge, stocks fall after US kills Iranian general

Stocks fell broadly on Wall Street and oil prices surged Friday after a U.S. strike killed a top Iranian general in Iraq, raising tensions in the Middle East.

US stock indexes move higher on first trading day of 2020

Stocks moved higher on Wall Street in midday trading Thursday as U.S. markets reopened following the New Year’s Day holiday.

U.S. consumer confidence ticked down in December

U.S. consumer confidence slipped ever so slightly in December, as expectations fell about economic growth over the next six months.

UPDATED: Thu., Dec. 26, 2019

US stocks close at record highs; Nasdaq goes above 9,000

Retailers and technology companies powered stocks broadly higher on Wall Street Thursday, extending the market’s record-setting run.

UPDATED: Tue., Dec. 24, 2019

US stocks nearly flat at early close for Christmas

The Nasdaq composite eked out a tiny gain, extending the index’s winning streak to 10 days and nudging it to a record high for the seventh day in a row. …

US new-home sales rose 1.3% in November.

U.S. sales of newly built homes increased 1.3% in November from the prior month, a sign that low mortgage rates are pushing up purchases as well as prices.

Orders for big-ticket manufactured goods slide 2%

Orders to U.S. factories for big-ticket manufactured goods fell 2% in November, the biggest decline in six months.

US economy grew at moderate 2.1% rate in 3rd quarter

The U.S. economy, which only recently was flashing warning signs of a sharp slowdown, should finish the year in better shape, thanks to rate cuts from the Federal Reserve and …

Fed leaves low rates alone and foresees no moves in 2020

The Federal Reserve left its benchmark interest rate alone Wednesday and signaled that it expects to keep low rates unchanged through next year.

UPDATED: Tue., Dec. 10, 2019

U.S. productivity edges down 0.2% in third quarter

U.S. productivity fell in the summer, the first decline in nearly four years, underscoring the struggles companies are facing in boosting worker efficiency.

UPDATED: Mon., Dec. 9, 2019

Business economists see U.S. slowing but avoiding recession

The nation’s business economists expect U.S. economic growth to decelerate this year and next but for the economy to avoid stumbling into recession, extending a record-breaking expansion already in its …

US gains a robust 266,000 jobs; unemployment falls to 3.5%

Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs.

Survey: Businesses added just 67,000 jobs in November

U.S. companies added just 67,000 jobs in November, a private survey found, barely half the gain of the previous month.

UPDATED: Wed., Dec. 4, 2019

U.S. service companies saw activity slow in November

Growth in the U.S. service sector slowed in November with service companies complaining about higher tariffs from various trade battles and the inability to find enough qualified workers.

U.S. construction spending falls 0.8% in October

Spending on U.S. construction projects fell 0.8% in October, dragged down by declines in apartment and multifamily homebuilding.

U.S. stocks close out half-day session with broad losses

Stocks fell broadly on Wall Street Friday following a shortened trading session a day after the Thanksgiving holiday that left the market slightly below its record highs.

UPDATED: Wed., Nov. 27, 2019

Pending U.S. home sales fell 1.7% in October amid short supply

Signed contracts to buy homes fell 1.7% in October as number of available home dwindles.