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Economy News

August 16, 2018
Bridge collapse highlights Italy's aging infrastructure
Collapsed concrete, twisted metal, crushed cars. While the disaster in Genoa was the deadliest in recent years, Italy has ...
August 16, 2018
Trump wants federal suit against opioid manufacturers
President Donald Trump is asking Attorney General Jeff Sessions to file a federal lawsuit against certain companies that ...
August 16, 2018
Walmart sees sales rise at stores and online, raises outlook
Walmart raised its financial outlook for the year after beating Wall Street's expectations for the quarter and seeing the ...
August 16, 2018
Average US mortgage rates fall; 30-year at 4.53 percent
Long-term U.S. mortgage rates fell this week for the second straight week, with relatively lower rates continuing to fail to ...
August 16, 2018
Trump lashes out after newspapers respond to his attacks
President Donald Trump is lashing out at the press as newspapers nationwide launch a coordinated rebuttal to his attacks ...
August 16, 2018
The Latest: Bridge collapse death toll lowered by 1 to 38
The latest developments following the deadly collapse of a highway bridge in Italy (all times local): 4:40 p.m.
August 16, 2018
Penney posts bigger-than-expected loss, cuts outlook
J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall ...
August 16, 2018
July housing starts up a slight 0.9 percent as tariffs bite
U.S. housing starts ticked up just 0.9 percent in July, a sign that higher construction costs might be weighing on ...
August 16, 2018
Asian stocks slide as investors fret over China's economy
Asian shares fell Thursday after deepening worries about global economic growth, particularly in China, set off a rout on ...
August 15, 2018
Uber narrows 2Q loss as company polishes tarnished image
Uber is still struggling to make money while the ride-hailing service's CEO deals with the headaches left behind by his ...
August 15, 2018
Ben & Jerry's has new CEO focused on social impact
Ice cream maker Ben & Jerry has a new CEO who has challenged the company to "double its social impact." Matthew McCarthy ...
August 15, 2018
Macy's rebound continues into 2Q, but shares tumble
Macy's raised its annual profit forecast as the department store reported an unexpected increase in a key sales measure.
August 15, 2018
US factory output rose solid 0.3 percent in July
U.S. manufacturing output rose a solid 0.3 percent last month, led by increased production of cars, electronics, and ...
2018 Lincoln MKZ, rainbow, r m
August 15, 2018
US retail sales rose at robust 0.5 pct. annual rate in July
Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that consumers are helping ...
August 15, 2018
US productivity grew at strong 2.9 percent rate in Q2
U.S. productivity grew at an annual rate of 2.9 percent in the second quarter, the fastest pace in more than three years, ...
August 15, 2018
Dutch air traffic control problem grounds Schiphol flights
A problem with an air traffic control communications system has briefly halted all flights to and from Amsterdam's busy ...
August 15, 2018
AP NewsBreak: Pilot who crashed his own home had hangar code
A man who died when he flew a plane into his own house after he had been arrested for assaulting his wife had full access to ...
August 15, 2018
Tesla forms committee to assess proposal to go private
Tesla is forming a special committee to evaluate proposals to take the company private one week after CEO Elon Musk said he ...
Warren Buffett
August 15, 2018
Warren Buffett's firm adds to Apple, Teva investments
Investor Warren Buffett's company added to its stakes in Apple and Israeli drugmaker Teva Pharmaceuticals in the second ...
August 14, 2018
Kroger to sell its goods to Chinese shoppers through Tmall
Kroger will start to sell some of its products to Chinese shoppers through a website owned by internet giant Alibaba, the ...
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