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 Productivity Flat in First Quarter, While Labor Costs Up

The productivity of American workers was flat in the first three months of this year, while labor costs rose at the fastest pace since the second quarter of last year. …

your ads here!

White House Looks at Sanctions on Venezuela’s Oil Sector

The Trump administration is considering possible sanctions on Venezuela’s vital energy sector, including state oil company PDVSA, senior White House officials said, in what would be a major escalation of …

your ads here!

Aspiring Chefs Thrive at ‘Restaurant Incubator’

The restaurant business can cause serious heartburn. It’s a mixed salad of bureaucracy, money, and paperwork that keeps some chefs from ever selling that first plate of food. But there …

your ads here!

Oregon Wineries Branch Out to Legal Marijuana

Diversification is a growing trend in some sectors of the agriculture industry. Some winemakers in the northwestern state of Oregon are branching out into marijuana as a new business venture. …

your ads here!

UN Security Council Sanctions More North Korean Companies, Individuals

The U.N. Security Council increased international pressure on North Korea on Friday to give up its pursuit of a nuclear bomb, adding 14 individuals and four companies to its sanctions …

your ads here!

EU, China Renew Commitment to Fight Climate Change

The European Union and China recommitted Friday to the 2015 Paris climate deal, one day after the United States announced it would withdraw from it. In a joint statement, the …

your ads here!

US Trade Deficit Rises to Highest Level Since January

The U.S. trade deficit rose in April to the highest level since January. The politically sensitive trade gap with China registered a sharp increase.   The Commerce Department said Friday …

your ads here!

Investors Bet Trump Climate Withdrawal to Boost US Drilling

The price of oil has fallen sharply as investors bet that President Donald Trump’s decision to pull the United States out of the Paris climate agreement will increase the country’s …

your ads here!

Has India’s Currency Ban Stopped Its Economic Momentum?

The heated debate over India’s cash ban continues, with critics saying it slowed an economy that was growing, while the government says economic momentum was barely affected. Critics say the …

your ads here!

Asia’s Mom and Pop Investors Lured by Bitcoin’s Returns

Long the preserve of geeky enthusiasts, bitcoin is going mainstream in Asia, attracting Mrs Watanabe — the metaphorical Japanese housewife investor — South Korean retirees and thousands of others trying …

your ads here!

Steady, Solid Jobs Market Likely to Continue in May Numbers

Exactly eight years after the Great Recession ended, the U.S. job market has settled into a sweet spot of steadily solid growth.   The 4.4 percent unemployment rate matches a …

your ads here!

Prisoners in Chicago Make Gourmet Pizza

A jail in Chicago is serving some of the best Italian pizza in town. Inmates are making gourmet pizzas for their fellow prisoners. It’s part of a training program called …

your ads here!

Treasury Chief ‘Confident’ Congress Will Raise US Debt Limit

U.S. Treasury Secretary Steven Mnuchin said on Thursday he was confident that Congress would raise the federal debt limit  “before there’s an issue” with U.S. creditworthiness, and he pledged that …

your ads here!

US Withdrawal From Paris Climate Deal Disappoints Many Businesses

President Donald Trump is moving the United States out of the Paris climate agreement, signed by nearly 200 other nations. Trump said Thursday that the Paris agreement hurts U.S. economic …

your ads here!

Chinese Maker of Ivanka Trump Shoes Denies Labor Violations

A Chinese company that makes shoes for Ivanka Trump and other brands denied allegations Thursday of excessive overtime and low wages made by three activists who have been arrested or …

your ads here!

Conflicting Trends Highlight EU-China Business Ties

The business relationship between China and Europe is showing several contradictory trends as Beijing seeks to protect its own state-owned enterprises (SOEs) and its leaders seek foreign investments promising further …

your ads here!

Canada Threatens to Cancel Boeing Order Over Trade Complaint

Canada’s defense minister repeated a threat Wednesday to cancel the purchase of 18 fighter jets from Boeing Co. because of the company’s trade complaint against Canadian plane maker Bombardier.   …

your ads here!

Investors Push Exxon on Climate Change, Diverge With Trump

Major investors put U.S. industry on notice Wednesday that climate change matters, even as reports emerged that President Donald Trump plans to withdraw the United States from an international pact …

your ads here!

Activist Seeks Trumps’ Help in Freeing Labor Investigators in China

The head of a New York-based advocacy group has called on President Donald Trump and his older daughter to help secure the release of three men who reported labor violations …

your ads here!

Exxon Shareholders Approve Call for Climate Impact Report

Exxon Mobil Corp. shareholders on Wednesday approved a proposal calling for the oil company to disclose the impact on its business of compliance with global climate change guidelines, an issue …

your ads here!

From Home Help to Driver, New Class of Indian Homeowner

When Rajnish Dhall’s driver wanted to borrow money to buy a home, Dhall suggested he go to a bank. But without proof of income or tax returns to show his …

your ads here!

Senate Democrats Ask Trump for Answers on China Trademarks

A group of Senate Democrats has sent a letter to U.S. President Donald Trump requesting information about a raft of trademark approvals from China this year that they say may …

your ads here!