The S&P 500 and the Dow Jones industrial average snapped a three-day run of losses on Friday as optimism about the prospects for a U.S.-China trade agreement countered downbeat U.S. and China …
your ads here!Economy
Economy news. Economy refers to the system of production, distribution, and consumption of goods and services within a society. It encompasses everything from individual spending and business operations to government policies and international trade. The economy is influenced by numerous factors, including supply and demand, inflation, employment rates, and fiscal policies
US Consumer Spending Fell 0.5 Percent in December
U.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged …
your ads here!Oregon OKs 1st Statewide Mandatory Rent Control Law in US
Oregon Gov. Kate Brown signed the nation’s first statewide mandatory rent control measure on Thursday, giving a victory to housing advocates who say spiraling rent costs in the economically booming …
your ads here!Tesla to Close Stores, Take Orders for $35,000 Model 3
Tesla says it is now taking orders for the long-awaited $35,000 Model 3, will close stores and move to online orders. Tesla says it is now taking orders for the …
your ads here!Gap to Separate Old Navy, Close Stores; Shares Jump
Gap Inc. said Thursday that it would separate its Old Navy brand into a publicly traded company in order to focus on its struggling namesake apparel business, sending its shares up 18 percent. …
your ads here!US Craft Marketplace Makes Plans to Go Green by Offsetting Emissions
Online crafts retailer Etsy Inc will go green by offsetting planet-warming carbon emissions from its shipping activities, the U.S. company said Wednesday, joining a host of companies making public moves …
your ads here!WTO Rules China Over-Subsidized Farmers
The United States won a World Trade Organization ruling Thursday that China subsidized its wheat and rice producers too much in recent years. The WTO in Geneva agreed with the …
your ads here!US Economic Growth in 2018 Misses Trump’s 3 Percent Target
The U.S. economy fell short of the Trump administration’s 3 percent annual growth target in 2018 despite $1.5 trillion in tax cuts and a government spending blitz, and economists say …
your ads here!Walmart Is Eliminating Greeters, Worrying Disabled Workers
As Walmart moves to phase out its familiar blue-vested “greeters” at 1,000 stores nationwide, disabled workers who fill many of those jobs say they’re being ill-treated by a chain that styles …
your ads here!World Bank: Women Have Just 75 Percent of Men’s Legal Rights
Women around the world are granted only three-quarters of the legal rights enjoyed by men, often preventing them from getting jobs or opening businesses, the World Bank said in study …
your ads here!Fed to Stop Shrinking Portfolio This Year, Powell Says
The Federal Reserve will stop shrinking its $4 trillion balance sheet later this year, Fed Chairman Jerome Powell said on Wednesday, ending a process that investors say works at cross-purposes with the Fed’s …
your ads here!US Trade Official: Deal with China Not Near Agreement
The top U.S. trade official said Wednesday that a new trade deal with China is not close to being completed. “Much still needs to be done before an agreement can …
your ads here!Boeing Unveils Unmanned Combat Jet Developed in Australia
Boeing on Wednesday unveiled an unmanned, fighter-like jet developed in Australia and designed to fly alongside crewed aircraft in combat for a fraction of the cost. The U.S. manufacturer hopes …
your ads here!Brazil’s Senate Confirms Campos Neto as Central Bank Chief
Brazil’s Senate confirmed Roberto Campos Neto as central bank governor on Tuesday, after he stressed that controlling inflation and reining in public spending were critical to supporting economic growth. Much …
your ads here!Fed’s Powell: ‘No Rush’ to Hike Rates in ‘Solid’ But Slowing Economy
The Federal Reserve is in “no rush to make a judgment” about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out …
your ads here!Cameroon Cracks Down on Illegal Fuel Trade
Cameroonian police officers, assisted by members of the country’s elite corps, seized hundreds of containers of fuel illegally transported from Nigeria by suspected Central African Republic rebels in the northern …
your ads here!Boeing Nominates Former UN Ambassador Haley to Join its Board
U.S. aerospace manufacturer Boeing said on Tuesday it has nominated Nikki Haley, former U.S. ambassador to the United Nations and a close ally of President Donald Trump, to join its …
your ads here!Erdogan’s War on Turkey’s Rising Food Prices Leaves Casualties
Turkish President Recep Tayyip Erdogan has declared war on food inflation. With food prices rising nearly 30 percent and looming critical local elections next month Erdogan is turning to unconventional …
your ads here!Kenya Ride-Hailing Company ‘Little Cab’ Expanding to Tanzania, Ghana
Kenya’s ride-hailing company ‘Little Cab’ is expanding to Tanzania and Ghana. The company will start offering rides in Tanzania’s commercial capital Dar es Salaam next week and plans to launch …
your ads here!Erdogan’s War on Rising Food Prices Leaves Casualties
Turkish President Recep Tayyip Erdogan has declared war on inflation after food prices in the country soared by 30 percent after last year’s collapse of the Turkish currency. In a …
your ads here!Taiwan Concerns Mean China Defense Budget Likely to Defy Slowing Economy
A slowing economy is unlikely to crimp China’s 2019 defense budget rise, as Beijing earmarks more spending for modernization and big-ticket items like stealth jets, and focuses on Taiwan after …
your ads here!Another Ceasefire: Can the US and China End Their Trade War?
Relief swept across world financial markets Monday after President Donald Trump pushed back a March 2 deadline in a trade dispute with China. But the respite might not last. …
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