No one will likely be surprised by the announcement the Fed is set to make when its latest policy meeting ends Wednesday: That it’s raising its key short-term interest rate for the second time this year. Economists from the nation’s ...
Read More »Senate panel approves nominations for 2 Fed board seats
No one will likely be surprised by the announcement the Fed is set to make when its latest policy meeting ends Wednesday: That it’s raising its key short-term interest rate for the second time this year. Economists from the nation’s ...
Read More »Justice Department defends Trump’s business with foreign governments
President Donald Trump’s hotel company did not break the law by doing business with other countries, a Justice Department lawyer told a federal judge Monday. The state of Maryland and the District Columbia have accused Trump of capitalizing on the ...
Read More »Young entrepreneurs overcome inexperience and skeptics
The age-old issue came up again recently: A potential client asked Nate Hartmann, “Hey, how old are you?” Since Hartmann founded Yellow Box in 2010 at age 18, he’s encountered skeptics who doubted his company could design websites and create ...
Read More »US job openings tick up to new record high
U.S. businesses posted the most job openings on record in April for the second straight month, underscoring the economy’s strong demand for workers. The number of available jobs rose 1 percent to 6.7 million from 6.6 million in March, the ...
Read More »Strong hiring in May pushes unemployment rate to 18-year low
U.S. employers extended a streak of solid hiring in May, adding 223,000 jobs and helping lower the unemployment rate to an 18-year low of 3.8 percent from 3.9 percent in April. Average hourly pay rose 2.7 percent from a year ...
Read More »Survey report suggests Midwest economy still steaming ahead
The surging business conditions in nine Midwest and Plains states will be tested by trade conflicts and other factors that could slow growth, an economist said in a survey report issued Friday. The Mid-America Business Conditions Index recorded its highest ...
Read More »US construction spending up 1.8 percent in April to record
U.S. construction spending surged 1.8 percent to a record high in April as home-building rose by the largest amount in 24 years. The April gain reversed a 1.7 percent drop in March, the Commerce Department reported Friday. The strength stemmed ...
Read More »US average mortgage rates fall; 30-year at 4.56 percent
Long-term U.S. mortgage rates fell this week, breaking a steady climb that pushed them to their highest levels in seven years. It was the first decline in four weeks in long-term loan rates amid the peak home-buying season. Mortgage buyer ...
Read More »US consumer spending up 0.6 percent, best in 5 months
Americans boosted their spending by 0.6 percent in April, the biggest increase in five months, while a gauge of inflation remained at the Federal Reserve’s optimal level for a second straight month. The Commerce Department said Thursday that last month’s ...
Read More »US economic growth revised down to 2.2 percent rate in Q1
The U.S. economy grew at a weaker 2.2 percent annual rate in the first three months of the year, as consumers and businesses slowed their spending. Given the economy’s recent performance, analysts are still looking for a solid rebound in ...
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