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Economy News

January 17, 2020
For some major US shippers, 2019 ended on a sour note
For major shipping companies dealing with trade wars and slowing global growth, conditions appear to have deteriorated for ...
January 17, 2020
Employers post fewer jobs in November
The number of available jobs fell sharply in November, dropping to 6.8 million, a decline of 7.6% from the October level.
January 17, 2020
US housing construction jumps 16.9% in December
Construction of new homes surged in December to the highest level in 13 years, capping a year in which falling mortgage rates ...
January 17, 2020
Ghosn lawyers rebut new Nissan claims against fugitive exec
The legal team of Nissan's former chairman Carlos Ghosn issued a statement Friday refuting the latest allegations by the ...
January 17, 2020
Zimbabwe gripped by drama of vice president's nasty divorce
Black magic, drug addiction, attempted murder and a wrestling match over luxury cars and overseas properties. Zimbabwe is ...
January 17, 2020
UK psychiatric group cites social media dangers to the young
Britain's Royal College of Psychiatrists is urging that mammoth tech companies like Facebook and Twitter turn over research ...
January 17, 2020
Sales of flowers, pork push Dutch farm exports to new record
Dutch agriculture exports rose 4.6% in 2019 from the previous year to a new record of 94.5 billion euros ($105.2 billion), ...
January 17, 2020
Fiat Chrysler in talks with Foxconn to develop electric cars
Fiat Chrysler is in talks with the Chinese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.
January 17, 2020
Starbucks, home of the $4 latte, is moving into poor areas
Starbucks has a point to prove: There's more to the company than selling $4 lattes to rich people. The Seattle-based coffee ...
January 17, 2020
Panel finds FAA followed procedures in approving Boeing Max
A government advisory committee has concluded that federal regulators followed established procedures when they certified the ...
January 17, 2020
CSX 4Q profit declines 9% as railroad hauls less freight
CSX said its profit declined 9% in the fourth quarter as the railroad hauled 7% less freight. The Jacksonville, Florida, ...
January 17, 2020
Kentucky coal miners end protest with paychecks
A group of Kentucky coal miners who blocked a railroad track for three days over unpaid wages have ended their protest, ...
January 17, 2020
Gap dumps plans to spin off Old Navy as a separate entity
Gap Inc. says it no longer intends to spin off Old Navy as a separate public company. The retailer said Thursday that its ...
January 16, 2020
US long-term mortgage rates edge up; 30-year loan at 3.65%
U.S. long-term mortgage rates rose slightly this week after financial markets that had been roiled by the U.S.-Iran conflict ...
January 16, 2020
CEOs got a pass in 2019, but they need to grow profits soon
CEOs, you get one more mulligan. Over the next few weeks, companies across the country will be telling investors how much ...
January 16, 2020
Guatemala: Ex-economy minister sought on graft charges
A former economy minister was declared a fugitive from justice Thursday, a day after he appeared in court to face corruption ...
January 16, 2020
Nation's largest retail trade group: holiday sales rose 4.1%
The nation's largest retail trade group says holiday sales increased 4.1%, the top end of its forecast. The National Retail ...
January 16, 2020
Confident consumers lift US retail sales in December
U.S. retail sales rose at a solid pace last month, evidence that Americans were willing to spend during the winter holidays ...
January 16, 2020
Morgan Stanley's 4Q profits jump, helped by trading boost
Morgan Stanley's fourth-quarter profits jumped 46% from a year earlier, the company said Thursday, helped by a massive boost ...
January 16, 2020
European Central Bank officials say economy remains weak
Top officials at the European Central Bank say economic growth remains weak though they see a few upbeat signs after the U.S.
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