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

Trade War Fears Send US Stocks Down Again

U.S. stocks plunged again Friday over increasing concerns about a trade war between the United States and China. The Dow Jones industrial average lost 572 points by the close, shedding …

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Oklahoma Teacher Walkout Stretches Into 5th Day

A teachers strike in Oklahoma stretched into a fifth day on Friday, and a state union leader said he doesn’t think pending proposals to increase revenue are enough to stop …

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Boss Buzzing you After Hours? NYC Might let you Say Buzz off

Technology that once promised freedom from the confines of an office has, for many workers, become a ball and chain, blurring the lines between work hours and, well, any other …

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March US Job Creation Dips, Jobless Rate Unchanged

The U.S. Labor Department reported Friday the unemployment rate in March remained at a 17-year-low of 4.1-percent for the sixth straight month. U.S. employers added 103,000 jobs in March, less …

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Venezuela Cuts Commercial Ties With Panama Officials, Firms

Venezuela said on Thursday it was halting commercial relations with Panamanian officials and companies, including regional airline Copa, for alleged involvement in money laundering, prompting Panama to recall its ambassador. …

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Jury Awards $37 Million in Talc Cancer Risk Case

Johnson & Johnson and Imerys SA must pay at least $37 million in a lawsuit claiming a man developed cancer because of his exposure to asbestos in talc-based products including Johnson’s Baby …

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Trump Says US Will Weigh Tariffs on Another $100B Worth of Chinese Goods

U.S. President Donald Trump ratcheted up the trade war rhetoric with Beijing on Thursday, saying he had instructed the U.S. trade representative to consider tariffs on an additional $100 billion worth …

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Amid Trade Spats, Trump to Push US as ‘Partner of Choice’ for Latin America

President Donald Trump will make the case that the United States – and not China – should be the trade “partner of choice” for Latin America when he speaks at …

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Opioid Addiction Costs Employers $2.6B a Year for Care

A new report shows large employers spent $2.6 billion to treat opioid addiction and overdoses in 2016, an eightfold increase since 2004. More than half went to treat employees’ children. …

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Trump Administration Seeks to Temper China Trade War Fears

President Donald Trump said Wednesday the United States is not in a trade war with China, after Beijing announced plans to impose tariffs on $50 billion worth of U.S. goods …

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Wall Street Closes Higher as China Tariff Fears Ease

Wall Street’s three major indexes staged a comeback to close around 1 percent higher Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and …

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Ex-Ford Employee Awarded Nearly $17 Million in Discrimination Lawsuit

A jury has awarded nearly $17 million to a former Ford engineer who sued the automaker for discrimination because he says two supervisors repeatedly berated and criticized him for his …

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Closure of Top Philippine Resort Island Would Shake up Business to Cut Pollution

The possible closure of a major coastal tourism magnet in the Philippines for environmental cleanup will hurt business, but for a cause that helps everyone longer term, experts say. President …

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China Announces $50 Billion in Retaliatory Tariffs on US Goods

China announced Wednesday it plans to impose tariffs on $50 billion worth of U.S. goods in response to a similar package announced by the United States. The Chinese measures would …

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Coffee Conquers Conflict for Business-savvy Farmers in the Philippines

Five years ago, Filipina farmer Marivic Dubria would buy Nescafe sachets to serve visitors because she was embarrassed by the quality of the coffee she grew next to her main …

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Amazon Shares Finish Higher Despite Trump’s New Threat on Shipping Rates

The largest American business lobby group came to the defense of Amazon.com on Tuesday after a multi-day Twitter attack by U.S. President Donald Trump that included unsubstantiated criticism of the …

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US Unveils Tariffs on $50 Billion Worth of Chinese Imports

The Trump administration on Tuesday escalated its aggressive actions on trade by proposing 25 percent tariffs on $50 billion in Chinese imports to protest Beijing’s alleged theft of American technology. …

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Too Late to Plant Green Seed Among World’s Forgotten Palm Oil Farmers?

When palm oil farmer Isnin Kasno eventually retires, his three children will turn their backs on the family’s small plantation in Malaysia’s southern state of Johor. Like many aging oil …

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Tiger Economy Roaring as Golf’s Masters Approaches

Tiger Woods is back in Green Jacket contention and from country club bars to boardrooms, the former world No. 1 is once again the tide lifting all boats in the …

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US Factory Activity Slows, Manufacturers Worry About Tariffs

U.S. factory activity slowed in March amid shortages of skilled workers and rising capacity constraints, but growth in the manufacturing sector remains underpinned by strong domestic and global economies. The …

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US Stock Indexes Plunge

U.S. stocks plunged again Monday after President Donald Trump unleashed a new verbal attack on giant online retailer Amazon and China fired its shot at U.S. imports in a developing …

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EPA Rejects Fuel Efficiency Standards for Automobiles

The Trump administration on Monday rejected an Obama-era plan to make automobiles more fuel efficient, opening up a long process to weaken current standards and putting California and the federal …

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