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Economy News

November 16, 2019
Boeing settles several more lawsuits over Max plane crashes
Boeing is settling a few more of the roughly 150 lawsuits filed by families of passengers killed in two crashes of the 737 ...
November 15, 2019
Fed finds resilient financial system despite high debt
The Federal Reserve said Friday that corporate debt remains at historically high levels but overall the U.S. financial system ...
November 15, 2019
Report: Hurricane Dorian inflicted $3.4B losses on Bahamas
Hurricane Dorian inflicted losses of about $3.4 billion on the Bahamas, an amount equal to one-quarter of the Caribbean ...
November 15, 2019
Twitter details political ad ban, admits it’s imperfect
Twitter’s new ban on political ads will cover appeals for votes, solicitations for campaign contributions and any political ...
November 15, 2019
Home solar savings cut by charges
The Alabama Public Service Commission will hold a hearing on a challenge to the fees charged by Alabama Power. Citics say the ...
November 15, 2019
Ailing ex-telecom executive Ebbers seeks release from prison
A former telecommunications executive convicted in one of the largest corporate accounting scandals in U.S. history is asking ...
November 15, 2019
Venezuela’s Guaidó urges nation back into the streets
Venezuelan President Nicolás Maduro has seen an ally forced from office and protests rattle leaders across Latin America in ...
November 15, 2019
China issues plan to promote high-tech manufacturing
China issued an outline Friday of policies aimed at promoting high-tech manufacturing after it stopped pushing a strategy ...
November 15, 2019
US retail sales rose a modest 0.3% in October
Americans stepped up their shopping last month, spending more online and buying more cars, evidence that consumers can still ...
November 15, 2019
Germany to assess risks from deported IS suspects
German Chancellor Angela Merkel says security services will assess the risks posed by suspected Islamic State group members ...
November 15, 2019
Former BMW executive Duesmann named new CEO at rival Audi
German automaker Audi says former BMW executive Markus Duesmann is to become its new chief executive. Audi said Friday that ...
November 15, 2019
GM strike pushes industrial production down 0.8% last month
A strike at General Motors pushed U.S. manufacturing production lower in October, adding to the troubles confronting American ...
November 15, 2019
Strike begins at South Africa’s state-owned airline
Workers began striking Friday at South Africa’s troubled state-owned airline over nearly 1,000 expected job cuts, with ...
November 15, 2019
Nation’s largest utility in long-term deals to sell power
Most of the local companies that receive power generated by the Tennessee Valley Authority have signed long-term partnership ...
November 14, 2019
WeWork loses $1.25 billion in third quarter
WeWork racked up $1.25 billion in losses in the third quarter as it geared up for, and ultimately scuttled, its debut as a ...
November 14, 2019
Disney Plus adds disclaimer about racist movie stereotypes
Disney’s new streaming service has added a disclaimer to "Dumbo," “Peter Pan” and other classics because they depict racist ...
November 14, 2019
Energy nominee distances himself from Ukraine investigation
The deputy to outgoing Energy Secretary Rick Perry told lawmakers Thursday that he had no role in the Ukraine matters now at ...
November 14, 2019
US long-term mortgage rates rise; 30-year at 3.75%
U.S. long-term mortgage rates rose this week amid optimism over prospects for the U.S. economy. Rates remain at historically ...
November 14, 2019
Walmart offers holiday cheer as traditional peers struggle
Walmart is offering some holiday cheer heading into the crucial Christmas shopping season even as many of its traditional ...
November 14, 2019
Norway fund blacklists security firm G4S over rights worries
Norway's sovereign wealth fund says it is banning all financial holdings in British security services company G4S due to the ...
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