Category: News

July 23, 2019

President Donald Trump and congressional leaders announced Monday a critical debt and budget agreement that’s an against-the-odds victory for Washington pragmatists seeking to avoid political and economic tumult over the possibility of a government shutdown or first-ever federal default. The […]

July 5, 2019

The June jobs report being released Friday will likely help determine whether the U.S. economy has stabilized or is gradually weakening. The evidence is conflicting. Consumer spending has solidified. Home sales are rebounding. But America’s manufacturing sector is slowing along […]

June 27, 2019

The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between […]

June 25, 2019

FedEx Corp, the U.S. courier group credited with spearheading overnight shipping, was christened Federal Express because founder Frederick Smith thought the name sounded patriotic. Now the logistics firm is suing the U.S. government, because it doesn’t want to be responsible […]

June 19, 2019

After a record-breaking 2017, charitable giving by individual Americans fell last year in response to a volatile stock market and the new tax law. Charities raked in $427.71 billion overall in 2018, an increase in total dollars from the previous […]

June 13, 2019

The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May. Initial claims for state unemployment benefits rose 3,000 […]

June 6, 2019

The numbers: The number of people who applied for unemployments benefits in early June was flat, leaving new jobless claims near a post recession low and suggesting little deterioration in the strongest labor market in decades. Initial jobless claims, a […]

May 30, 2019

New York City has retaken the top spot among the world’s financial centers, according to a new survey from Duff & Phelps. In its Global Regulatory Outlook report, the financial-services consultancy released the results of a survey of 183 respondents […]

May 29, 2019

The economy is doing great, according to most estimates. Jobless claims dipped to 228,000 in early May and the U.S. labor market is on track to break the record for the longest expansion on record. Mortgage rates have hit their […]

May 21, 2019

The U.S. has thrown Huawei Technologies a lifeline, but it likely isn’t doing it for the Chinese company’s sake. Last Wednesday, the Commerce Department added Huawei and 68 affiliates to its prohibitive “entities list”—a catalogue of companies considered threats to […]