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Economy News

April 10, 2020
Global pact to contain oil price crash takes shape
The OPEC oil cartel and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a ...
April 08, 2020
Earl Graves Sr., founder of Black Enterprise magazine, dies
Earl Graves Sr., who championed black businesses as the founder of the first African American-owned magazine focusing on ...
April 06, 2020
Federal Reserve to boost small business lending efforts
The Federal Reserve said Monday it will support the government's $349 billion small business lending program, which had a ...
April 06, 2020
Justices rule for federal employee over age discrimination
Well, OK, boomer. The Supreme Court made it easier Monday for federal employees 40 and older to sue for age discrimination.
April 06, 2020
SeaWorld CEO resigns five months into job, cites board
SeaWorld Entertainment's chief executive has resigned only five months into his job, becoming the third leader of the theme ...
April 03, 2020
US service sectors slows in March
Growth in the U.S. service sector slowed in March with a much bigger decline expected in coming months from all the shutdowns ...
April 02, 2020
US trade gap falls to $39.9 in February, lowest since 2016
The U.S. trade deficit tumbled in February to the lowest level since 2016 as exports fell and imports fell more.
April 01, 2020
Sprint and T-Mobile merge, creating new wireless giant
Mobile carrier T-Mobile has completed the takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T ...
April 01, 2020
Mercedes has worst Takata air bag recall completion rate
Of all the automakers that are recalling dangerous Takata air bag inflators, Mercedes is the laggard when it comes to getting ...
March 31, 2020
US home prices rose at 3.1% annually in January
U.S. home price growth was showing signs of acceleration in January, a sign of the solid demand that existed before the ...
March 29, 2020
Rosneft hands Venezuelan oil business to Russian state firm
Russia's Rosneft has transferred its assets in Venezuela to a company fully owned by Vladimir Putin's government, a move ...
March 27, 2020
US stocks tumble despite stimulus agreement
Wall Street capped a week of outsize gains for the stock market with more losses Friday as investors held out hope that a big ...
March 27, 2020
US consumer spending up modest 0.2% in February
Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in ...
March 27, 2020
US indicts Venezuela's Maduro on narcoterrorism charges
Nicolás Maduro effectively converted Venezuela into a criminal enterprise at the service of drug traffickers and terrorist ...
March 25, 2020
US big-ticket factory orders up 1.2% in February
Orders to U.S. factories for big-ticket manufactured goods rose by a solid amount in February, but the gain came before the ...
March 23, 2020
SoftBank to buy back $41 billion in assets to trim debt
The Japanese technology and telecoms company SoftBank said Monday it plans to buy back up to 4.5 trillion yen ($41 billion) ...
March 19, 2020
Automakers shut North American plants over coronavirus fears
Concerns about the spreading coronavirus forced most of North America's auto plants to close, at least temporarily.
March 18, 2020
New US home construction dips again in February
Construction of new homes fell again in February, but not as much as the previous month. Those declines follow a December ...
March 17, 2020
Retail sales fall 0.5% in February, biggest drop since 2018
Retail sales fell 0.5% in February, the largest drop in more than a year, indicating that the consumer sector was slowing ...
March 17, 2020
US industrial production rises 0.6% in February
U.S. industrial production rose last month for the first time since November as chillier weather kept utiliities busy and an ...
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