The economy remains strong in nine Midwest and Plains states, although business leaders are concerned about trade disputes, according to a new monthly survey released Monday. The overall economic index for the region slipped to 57.5 in September from August’s ...
Read More »Facebook says 50M accounts affected by security breach
Facebook says it recently discovered a security breach affecting nearly 50 million user accounts. The hack is the latest setback for Facebook during a year of tumult for the global social media service. In a blog post, the company says ...
Read More »Consumer spending up modest 0.3 percent in August
U.S. consumer spending edged up a moderate 0.3 percent in August, the smallest gain in six months, as sales of cars and other durable goods fell. A key gauge of inflation slowed slightly after its biggest annual gain in six ...
Read More »Need a spatula now? Amazon has a new store for that
Amazon is expanding its physical presence again, this time opening a 4,000-square-foot store that sells a wide range of products, including shower curtains, Hallmark cards and baby bottles. The store, called Amazon 4-star, opened Thursday in New York’s SoHo neighborhood ...
Read More »Why the ‘gig’ economy may not be the workforce of the future
The “gig” economy might not be the new frontier for America’s workforce after all. From Uber to TaskRabbit to YourMechanic, so-called gig work — task-oriented work offered by online apps — has been promoted as providing the flexibility and independence ...
Read More »US economy grew at robust 4.2 percent rate in Q2
The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade. ...
Read More »August orders for US durable goods jump 4.5 percent
Orders for long-lasting U.S. factory goods rose at a healthy pace last month, though the increase was mostly driven by a surge in aircraft demand. The Commerce Department said Thursday that orders increased 4.5 percent in August, the most in ...
Read More »Home prices rise at slowest pace in nearly a year
U.S. home prices rose in July at the slowest pace in 10 months as climbing mortgage rates become a more significant factor for a growing number of prospective buyers. The S&P CoreLogic Case-Shiller 20-city home-price index increased 5.9 percent in ...
Read More »Leagues prepare for aftermath of SCOTUS gambling decision
It’s early in a college basketball game and Team A, playing methodically and using up most of the 30-second shot clock, falls behind 10-6. Scattered around the bleachers, several fans staring at their smartphones celebrate silently: they have bet on ...
Read More »Congress takes aim at shrinking seats, legroom on airplanes
The Federal Aviation Administration would be required to set new minimum requirements for seats on airplanes under legislation to be considered in the House this week, possibly giving passengers a break from ever-shrinking legroom and cramped quarters. The regulation of ...
Read More »As aid checks go out, farmers worry bailout won’t be enough
Farmers across the United States will soon begin receiving government checks as part of a billion-dollar bailout to buoy growers experiencing financial strain from President Donald Trump’s trade disputes with China. Even those poised for big payouts worry it won’t ...
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