Economy News

February 14, 2020

Elderly, halfhearted Florida bank robber won't be jailed

A 74-year-old Florida man whose halfhearted attempt at bank robbery was caused by depression after his wife's death will not ...

February 14, 2020

US retail sales up a modest 0.3% in January

U.S. retail sales rose a modest 0.3% in January, a slight improvement over December, as unseasonably warm weather boosted ...

February 14, 2020

German-owned container ship boarded by pirates off Guinea

A container ship that is owned and operated by a German shipping group has been attacked by pirates in the Gulf of Guinea.

February 14, 2020

German economy stagnates in sign of Europe's difficulties

Growth ground to a halt at the end of the year in Germany, Europe’s largest economy, as manufacturing remained in a slump and ...

February 13, 2020

Newspaper chain McClatchy files for bankruptcy protection

McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy ...

February 13, 2020

Buyers face more competition amid shortage of home listings

Americans shopping for a home this spring may face more competition than they have in years. A strong labor market and ...

February 13, 2020

Tesla offers $2B in added shares, discloses SEC subpoena

Tesla said that is selling $2 billion worth of additional stock, that its U.S. revenue fell last year and that securities ...

February 13, 2020

US mortgages flat to slightly higher; 30-year loan at 3.47%

U.S. long-term mortgage rates were flat to slightly higher this week after three straight weeks of declines, as the ...

February 13, 2020

CEO of company that operates 4 hospitals under investigation

The CEO of a health care company whose holdings include a hospital in St. Louis is under civil and criminal investigation, ...

February 13, 2020

401(k)s hit records as workers sock away more, stocks jump

How's your 401(k) doing? President Donald Trump likes to ask that question around the country, sometimes throwing out big ...

February 13, 2020

US consumer prices up 0.1% in January; gasoline prices fall

U.S. consumer prices rose modestly last month, weighed down by falling gasoline prices. The Labor Department said Thursday ...

February 13, 2020

UK regulators probe Barclays CEO's link to Jeffrey Epstein

Barclays chief executive Jes Staley said Thursday that he deeply regrets his relationship with Jeffrey Epstein, as the bank ...

February 13, 2020

Scandal-hit Nissan sinks into losses as sales plummet

Nissan, reeling from a scandal over its former superstar executive Carlos Ghosn, sank into red ink in the latest quarter as ...

February 13, 2020

Chief executive at MGM Resorts says he'll step down

Jim Murren, the head of casino giant MGM Resorts International, says he’ll step down as chairman and chief executive as soon ...

February 12, 2020

CVS Health swings to 4Q profit, lays out leadership changes

CVS Health swung to a fourth-quarter profit and is starting the new year with a management shakeup for its largest business.

February 12, 2020

Dutch police: Letter bomb contained extortion demand

A letter bomb that detonated Wednesday in an Amsterdam mail sorting center was sent by an extortionist who is demanding ...

February 12, 2020

Nissan sues Ghosn, seeking damages for property, jet use

Nissan filed a civil suit Wednesday seeking 10 billion yen ($91 million) in damages from the Japanese automaker's former ...

February 12, 2020

US regulators probing 5 tech companies' acquisitions to 2010

Federal regulators are ramping up their investigation of the market dominance of giant tech companies, demanding detailed ...

February 12, 2020

Lyft posts $2.6B 2019 loss, keeps 4Q 2021 profit forecast

Ride-hailing service Lyft is sticking with its prediction that it will be profitable by the end of next year. This while its ...