U.S. workers saw their wages and benefits rise in the second quarter at the fastest pace in nearly a decade, a sign that the low unemployment rate is forcing employers to raise pay to attract and keep workers. Pay and ...
Read More »Fed is set to leave rates alone as trade war raises anxiety
The Federal Reserve will meet this week to assess an economy that has just enjoyed a healthy spurt of growth but faces a flurry of trade fights pushed by President Donald Trump that could imperil that growth in time. If ...
Read More »US pending home sales rose 0.9 percent in June
More Americans signed contracts to purchase homes in June compared to May, although the volume of pending sales has slipped in the past year. The National Association of Realtors said Monday that its pending-home-sales index rose 0.9 percent last month ...
Read More »US economy surges to 4.1 percent growth rate in Q2
The U.S. economy surged in the April-June quarter to an annual growth rate of 4.1 percent. That’s the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who rushed to get their products delivered ...
Read More »Schools eye facial-recognition technology to boost security
The surveillance system that has kept watch on students entering Lockport, New York, schools for more than a decade is getting a novel upgrade. Facial-recognition technology soon will check each face against a database of expelled students, sex offenders and ...
Read More »June durable goods up solid 1 pct
Orders for long-lasting U.S. factory goods rose in June after declining for two months, a sign manufacturing is still growing despite a series of global trade disputes. The Commerce Department said Thursday that durable goods orders — items meant to ...
Read More »Insurers turn to technology to woo drivers
Americans love technology, and we expect companies to deliver delightful digital experiences. Insurers aren’t doing that — yet. So far, updates have been skin-deep. “If you go to a carrier’s website, the look and feel is pretty good, but the ...
Read More »McCaskill wants tighter rules on duck boats after accident
Democratic U.S. Sen. Claire McCaskill announced Tuesday that she wants to enshrine into law federal recommendations to improve duck-boat safety such as getting rid of canopies that can trap passengers if the vehicles sink, a move that comes after a ...
Read More »Farmers prefer Trump do trade deals than hand them cash
Many farmers remain critical of President Donald Trump’s tariffs and the damage done to commodity prices and markets, however, they were appreciative Tuesday that he offered to provide some cash to help offset their losses. The U.S. Department of Agriculture ...
Read More »GM sideswiped by trade war; cuts outlook as prices rise
General Motors, facing rising commodity costs in a trade showdown with Europe and elsewhere, cut its outlook for the year. The diminished expectations overshadowed a strong second quarter and shares tumbled more than 7 percent in early trading. The rest ...
Read More »Zipper company in crosshairs of buy-American laws
Robert Kwasnik has a zipper problem — and it has come to the attention of the highest levels of the U.S. government. Kwasnik is president of Dunlap Industries, a small manufacturing company in Appalachia that for more than 15 years ...
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