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Economy News

June 22, 2018
Malaysia names new central bank governor
Malaysia has named Nor Shamsiah Mohamad Yunus, an experienced former central bank official, as the new central bank governor.
Brian Krzanich
June 22, 2018
Intel CEO out after consensual relationship with employee
Intel CEO Brian Krzanich resigned after the company learned of what it called a past, consensual relationship with an ...
June 22, 2018
Chevrolet goes after Jeep Grand Cherokee with new Blazer
Because these days you can't have too many SUVs, General Motors is bringing back the Chevrolet Blazer. Only this time it's ...
June 22, 2018
Fed finds biggest US banks strong enough to survive shock
The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on ...
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June 21, 2018
Tariffs Stir Unrest Among Whiskey Producers
American Whiskey producers are worried as the European Union starts taxing U.S. imports including Harley-Davidson bikes, ...
June 21, 2018
US long-term mortgage rates fall; 30-year at 4.57 percent
Long-term U.S. mortgage rates fell this week, marking their third decline in the past four weeks after increasing last week.
June 21, 2018
Water balloon slingshots top list of unsafe summer toys
A Boston-based consumer watchdog group has warned of the dangers to children of water balloon slingshots, lawn darts and ...
June 21, 2018
Malaysia to go ahead with skyscraper despite stolen funds
Malaysia said Thursday it will not cancel a skyscraper project billed as the tallest in Southeast Asia, even though 3 billion ...
June 21, 2018
Airlines ask US not to put migrant children on flights
American Airlines and United Airlines said Wednesday that they asked the Trump administration not to use their flights to ...
June 20, 2018
Feds: Engine crack caused 2015 British Airways incident
Federal investigators say a fatigue crack in the left engine compressor on a British Airways jet was to blame for an aborted ...
June 20, 2018
Over 100 arrested in immigration raid at meatpacking plant
More than 100 workers were arrested at an Ohio meatpacking plant by federal agents following a yearlong immigration ...
Barack Obama, Kafui Dzirasa, Atul Gawande, Riccardo Sabatini, Zoe Keating
June 20, 2018
Amazon, Buffett, JPMorgan pick Gawande to lead health firm
Three corporate giants seeking to attack rising health care costs have turned to a Harvard professor who has written books ...
Jerome Powell
June 20, 2018
Central bank chiefs of 4 major nations raise trade concerns
The leaders of the central banks of four major economies expressed alarm Wednesday that multiple trade conflicts are ...
June 20, 2018
Texas to settle discrimination suit with former track coach
The University of Texas has agreed to settle a race and gender discrimination lawsuit filed by former women's track coach Bev ...
Home in Denver
June 20, 2018
US home sales fell 0.4 percent in May amid inventory crunch
U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring ...
June 20, 2018
Australian telecom Telstra to ax 8,000 jobs to save $740M
Telstra Corp., Australia's largest telecommunications company, announced on Wednesday that it will ax 8,000 jobs — one in ...
June 20, 2018
South Korean crypto exchange loses $31 million from hack
A leading South Korean cryptocurrency exchange said Wednesday that $31 million worth of virtual currencies have been stolen ...
June 20, 2018
Unionized MGM workers in Las Vegas ratify contract
Thousands of unionized workers at Las Vegas casino-resorts operated by MGM Resorts International, including Bellagio, Aria ...
June 20, 2018
10 Things to Know for Wednesday
Your daily look at late-breaking news, upcoming events and the stories that will be talked about Wednesday: 1. SEARCH ON FOR ...
Wilbur Ross
June 20, 2018
After query, Ross shorted stock in Kremlin-tied firm: report
Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would ...
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