Economy News

September 17, 2020

Dems promise to 'keep fighting' for virus funding

Democratic leaders promise to "keep fighting" for funding included in the Heroes Act which has languished in Congress since ...

September 17, 2020

Bank of England eyes sub-zero rates in face of virus, Brexit

The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history ...

September 16, 2020

More than 20 workers hurt in Texas crane accident

Authorities say two cranes collided at a Texas construction site, injuring at least 22 workers. The cranes collided Wednesday ...

September 16, 2020

US Federal Reserve adjusts inflation target

The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep ...

September 16, 2020

Panel's report blasts Boeing, FAA for crashes, seeks reforms

A House committee issued a scathing report Wednesday questioning whether Boeing and government regulators have recognized ...

September 16, 2020

DP World, Israeli firm to bid for Haifa port privatization

Dubai-based port operator DP World said Wednesday it would partner with an Israeli firm in a bid to take over the country's ...

September 15, 2020

Yuengling, America's oldest brewer, invades the West Coast

Hey West Coast beer lovers, it's pronounced YING-ling. D.G. Yuengling and Son, America's oldest operating brewer, is sending ...

September 15, 2020

Japan begins trial of Nissan, ex-executive over Ghosn's pay

The financial misconduct trial of former Nissan executive Greg Kelly began Tuesday with Kelly saying he committed no crimes ...

September 15, 2020

Wildfires during pandemic intensify economic pain in West

The fires consuming the forests of California and Oregon and darkening the skies over San Francisco and Portland are also ...

September 15, 2020

Oracle wins TikTok over Microsoft in Trump-urged bid

The owner of TikTok has chosen Oracle over Microsoft as its American tech partner. Managing Director at Wedbush Securities ...

September 14, 2020

Facebook to buy REI’s new headquarters near Seattle

Facebook will buy REI’s new and unused Bellevue campus for nearly $368 million, the social media giant said on Monday.

September 14, 2020

Verizon to buy prepaid phone seller Tracfone for up to $6.9B

Verizon, the country's largest phone company, is buying prepaid phone seller Tracfone for up to $6.9 billion, expanding its ...

September 14, 2020

Thai court allows Thai Airways to file for reorganization

Thailand’s Central Bankruptcy Court on Monday gave the go-ahead to financially ailing Thai Airways International to submit ...

September 12, 2020

More than 50 killed at collapsed gold mine in eastern Congo

More than 50 people are dead after landslides caused the collapse of three artisanal gold mines near the city of Kamituga in ...

September 11, 2020

Consumer prices up 0.4% in August as used car prices surge

U.S. consumer prices rose 0.4% in August as used car prices surged by the largest amount in 51 years, the Labor Department ...

September 11, 2020

Hyundai warns owners to park outside, recalls 180,000 SUVs

For the second time this month, Hyundai is telling some SUV owners to park outdoors because an electrical short in a computer ...

September 11, 2020

Rio Tinto CEO to leave over destruction of Indigenous sites

Rio Tinto chief executive Jean-Sebastien Jacques will leave the Anglo-Australian mining giant by March over the destruction ...

September 11, 2020

Las Vegas shooting victims closer to getting $800M payout

More than 4,400 relatives and victims of the deadliest mass shooting in recent U.S. history could receive a total of $800 ...

September 10, 2020

Jane Fraser to become Citi CEO; 1st woman to lead major bank

Citigroup's Jane Fraser will become the first woman to ever lead a Wall Street bank when she succeeds CEO Michael Corbat in ...

September 09, 2020

Companies pledge to add at least 1 Black director to board

More than a dozen companies, including Zillow and M.M.LaFleur, are promising to add at least one Black director to their ...