Come January, the banking industry is going to be on Rep. Maxine Waters’ time. With Democrats taking control of the House of Representatives, the California representative is expected to become chairwoman of the powerful House Financial Services Committee, which oversees ...
Read More »Wholesale prices jump 0.6 percent, most in 6 years
U.S. wholesale prices rose by the most in six years last month, led higher by more expensive gas, food, and chemicals. The Labor Department said Friday that the producer price index — which measures price increases before they reach the ...
Read More »Pressures rise for homebuilders as rates hit 7-year high
Homebuilders took a beating Thursday as rising interest rates and home prices discourage potential buyers. Mortgage buyer Freddie Mac said Thursday that the average rates on 30-year, fixed rate mortgages hit 4.94 percent, a 7-year high. The average rate a ...
Read More »Thinking of partnering? Some tips for business owners
When small business owners want to take on partners, the selection process needs to be carried out thoughtfully and deliberately. The wrong choice can doom not only the partnership, but the company. Some things to consider before entering into a ...
Read More »Job openings dip but exceed number of unemployed
The number of jobs posted by U.S. employers declined slightly in September, although they still exceeded the number of unemployed Americans. The report Tuesday from the Labor Department provided the latest evidence that many U.S. companies are straining to fill ...
Read More »At what age can you ignore your credit score?
At some point, you’ll buy your last car and refinance your last mortgage. Surely then you can stop worrying about your credit scores. Well, not really, although there are situations when credit scores shouldn’t be anyone’s main concern. Let’s start ...
Read More »Uber wants to resume self-driving car tests on public roads
Nearly eight months after one of its autonomous test vehicles hit and killed an Arizona pedestrian, Uber wants to resume testing on public roads. The company has filed an application with the Pennsylvania Department of Transportation to test in Pittsburgh, ...
Read More »US trade gap grew to $54 billion in September
Record imports expanded the U.S. trade deficit for the fourth straight month in September, as the politically sensitive trade deficit in goods with China hit a record. The Commerce Department said Friday that the gap between what America sells and ...
Read More »Groundskeeper accepts reduced $78 million Monsanto verdict
A Northern California groundskeeper said that he will accept a judge’s reduced verdict of $78 million against Monsanto after a jury found the company’s weed killer caused his cancer. DeWayne Johnson’s attorney formally informed the San Francisco Superior Court that ...
Read More »Productivity growth slows to 2.2 percent rate in Q3
U.S. productivity grew at an annual rate of 2.2 percent in the third quarter, a slowdown from the previous quarter, though still better than the lackluster gains of the last decade. Labor costs accelerated, though remained at a low level. ...
Read More »Construction spending flat in September
Spending on U.S. construction projects was essentially unchanged in September, the weakest showing since June, as an increase in home construction was offset by a slide in spending on government projects. The Commerce Department said Thursday that the flat reading ...
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