U.S. businesses added 178,000 jobs in May, according to a survey, a solid total, though below the average monthly gains accumulated during the winter. Payroll processor ADP said Wednesday that hiring was strong in construction, education and health care, and ...
Read More »For-sale signs vanish and March home prices jump 6.8 pct
U.S. home prices climbed in March with buyers paying a premium for ownership as the number of properties up for sale declines, and mortgage rates increase. The S&P CoreLogic Case-Shiller 20-city home-price index released Tuesday increased 6.8 percent in March ...
Read More »For CEOs, $11.7 million a year is just middle of the pack
Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million. Across the S&P 500, compensation for CEOs is often hundreds of times higher than typical workers. ...
Read More »Trump administration explores tariffs on autos, auto parts
The Trump administration launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks about the North American Free Trade Agreement have stalled. President Donald Trump predicted earlier that U.S. ...
Read More »US home sales fell 2.5 percent in April
U.S. sales of existing homes tumbled 2.5 percent in April — with the costs of buying a home jumping and would-be buyers facing a persistent shortage of properties on the market. The National Association of Realtors said Thursday that homes ...
Read More »Senate bill overhauls handling of sex-harassment complaints
Senate negotiators on Wednesday released a bipartisan bill to overhaul the system for handling sexual-harassment complaints on Capitol Hill. The bill eliminates mandatory counseling, mediation and the “cooling off” period victims are currently required to wait before filing a lawsuit ...
Read More »Low US unemployment rate masks financial struggles for many
Despite an ultra-low 3.9 percent unemployment rate, about one-third of U.S. adults faced financial insecurity last year and often struggled to pay unexpected expenses, a Federal Reserve survey found. For three in 10 adults, their monthly incomes fluctuated — often ...
Read More »ACLU: Amazon shouldn’t sell face-recognition tech to police
The American Civil Liberties Union and other privacy activists are asking Amazon to stop marketing a powerful facial-recognition tool to police, saying law-enforcement agencies could use the technology to “easily build a system to automate the identification and tracking of ...
Read More »High court to hear challenge to Virginia uranium mining ban
The Supreme Court agreed Monday to hear a challenge to Virginia’s decades-old ban on uranium mining. The state has had a ban on uranium mining since 1982, soon after the discovery of a massive uranium deposit in the state’s Pittsylvania ...
Read More »Ameren to build 400-megawatt wind farm, Missouri’s largest
Ameren Missouri plans to build a 400-megawatt wind farm in rural northeast Missouri, creating enough power to serve 120,000 homes within two years, the company said Monday. St. Louis-based Ameren said its High Prairie Wind Farm near Kirksville will be ...
Read More »How small businesses can navigate rising interest rates
It’s a good news-bad news situation for small businesses when interest rates rise. The Federal Reserve says that the economy is doing well, so it has raised its key rates recently and is expected to do so again in the ...
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