U.S. home sales cratered in December, causing price growth to slip to the lowest level in more than six years as the housing sector ended 2018 on a decidedly weak note. The National Association of Realtors said Tuesday that sales ...
Read More »There’s always a next recession, so be prepared
Recessions are like natural disasters: They’re inevitable, but smart preparation may reduce the impact on you. The U.S. economy has grown steadily since emerging from the “Great Recession” in June 2009, but expansions can’t continue forever, and this one is ...
Read More »World economy forecast to slow in 2019 amid trade tensions
The world economy will be more sluggish this year, the International Monetary Fund warned Monday, citing trade disputes that have seen China slow to its weakest pace in 30 years as well as the impact of rising U.S. interest rates. ...
Read More »Affirmative action proposed for medical marijuana licensing
Now that Missouri is entering the medical marijuana industry, two Democratic lawmakers from Kansas City want to give businesses owned by women and minorities a slight edge in entering the market. The virtually identical proposals by Rep. Barbara Washington and ...
Read More »Small business revenues fall as shutdown persists
Baked by Yael isn’t getting its usual flow of customers who stop in after visiting the nearby National Zoo; the popular Washington, D.C., tourist spot remains closed by the government shutdown. Owner Yael Krigman gets half her business from the ...
Read More »Number of federal workers seeking US jobless aid doubles
The number of furloughed federal employees seeking unemployment benefits jumped in the first two weeks of the shutdown, topping 10,000 during the week of Jan. 5. The Labor Department said Thursday that is double the number of federal workers who ...
Read More »CES: Transportation secretary skips show amid gov shutdown
The CES 2019 gadget show is revving up in Las Vegas. Here are the latest findings and observations from Associated Press reporters on the ground. THIS SHOW WON’T GO ON The Trump administration has some ideas about the future of ...
Read More »US sanctions Venezuela TV magnate for alleged currency deals
The Trump administration imposed sanctions Tuesday on a Venezuelan media magnate close to President Nicolas Maduro’s government for allegedly being the ringleader of a graft network that stole $2.4 billion from state coffers through corrupt currency deals. The action by ...
Read More »We’re techy, too! Deere, Tide maker head to CES gadget show
The companies founded by blacksmith John Deere and candle-and-soap-making duo Procter & Gamble may not be the hip purveyors of new technology they were in 1837. But they’re first-time exhibitors at this year’s CES gadget show, along with other unlikely ...
Read More »Apple warning of weak sales in China sends US stocks sinking
Apple’s warning that its sales in China weakened over the holidays added to investors’ fears that the global economy is losing strength, with the trade fight between the U.S. and China making the situation worse. U.S. stock indexes fell sharply ...
Read More »Could Tesla price cuts mean demand is slowing?
Tesla made about 9,300 more vehicles than it delivered last year, raising concerns among industry analysts that inventory is growing as demand for the company’s electric cars may be starting to wane. If demand falls, they say, the company will ...
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