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Economy News

October 17, 2019
Workers celebrate deal with GM, show union power in industry
On the picket lines at a General Motors transmission plant in Toledo, Ohio, passing cars honked and striking workers ...
October 17, 2019
Fed survey finds US economy being hurt by trade battles
The U.S. economy expanded at a modest pace in September and into October, despite rising trade tensions and weaker global ...
October 16, 2019
Twitter: World leaders' accounts not entirely above policies
Twitter says world leaders aren't entirely above its ban on users threatening violence or promoting terrorism on the site.
October 16, 2019
Postal Service head to retire amid mounting financial woes
Postmaster General Megan Brennan, who became the first woman to hold the position, is retiring early next year after working ...
October 16, 2019
Aging, thin pipe likely cause of Philadelphia refinery fire
An aging, failed elbow pipe that hadn't been inspected in almost 45 years appears to be the initial cause of a June 21 fire ...
October 16, 2019
Shonda Rhimes, iHeartMedia strike 3-year podcast deal
Television powerhouse Shonda Rhimes is moving aggressively into the burgeoning podcast world. Rhimes' company, Shondaland, ...
October 16, 2019
The FCC approves T-Mobile-Sprint deal in party-line vote
The Federal Communications Commission has approved the $26.5 billion combination of Sprint and T-Mobile on a 3-2 party-line ...
October 16, 2019
Earthquake probed as possible cause of California fuel fire
Officials were trying to determine Wednesday if a 4.5 magnitude earthquake triggered an explosion at a fuel storage facility ...
October 16, 2019
US retail sales dip 0.3% in September
Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and ...
October 16, 2019
Bank of America 3Q profits fall 19% due to charge
Bank of America's third quarter profits fell 19% from a year ago as the bank wrote down the value of its long-time joint ...
October 16, 2019
Global shares mixed as investors await more earnings
Global markets were mixed Wednesday as investors await another batch of earnings reports from U.S. companies and Brexit talks ...
October 16, 2019
Eurozone inflation revised down to near 3-year lows
Inflation in the 19-country eurozone was revised down in September to its lowest rate in nearly three years as energy prices ...
October 16, 2019
Asian shares rise after Wall Street gain on solid earnings
Asian shares were mostly higher Wednesday after a Wall Street rally driven by healthy earnings reports from U.S. companies.
October 16, 2019
Fuel storage tanks up in flames near San Francisco
A fire at an oil storage facility in the San Francisco Bay Area prompted a hazardous materials emergency Tuesday afternoon ...
October 16, 2019
The Latest: Pelosi says 'all roads seem to lead to Putin'
The Latest on President Donald Trump and the House impeachment inquiry (all times local): 8 p.m. House Speaker Nancy Pelosi ...
October 16, 2019
Intel to pay $5M to settle pay discrimination allegations
The Labor Department says it has reached a $5 million settlement with chip maker Intel Corp. over allegations of pay ...
October 15, 2019
Justices seem likely to uphold Puerto Rico oversight board
The Supreme Court seems likely to leave in place the oversight board established by Congress to help Puerto Rico out of a ...
October 15, 2019
End in sight? GM CEO Barra joins talks with striking union
General Motors CEO Mary Barra joined negotiators at the bargaining table, an indication that a deal may be near to end a ...
October 15, 2019
The Latest: Riot police break up unruly Barcelona protest
The Latest on Catalan protests and politics (all times local): 9:25 p.m. A line of riot police has charged a mass of ...
October 15, 2019
JPMorgan Chase 3Q profits up 8% but loan growth slows
JPMorgan's third-quarter profit grew 8% thanks to higher interest rates and strong performance at its investment banking ...
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