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Stories about Economy

Aug 12 2017

It's Inflation Day for the Dollar

Though this isn't the Fed's preferred inflation measure, it nonetheless shows a weakened inflation outlook. Specifically, annual growth in the core private consumption de...

Aug 12 2017

Tesla autonomous semi-trucks will move in platoons, prototype coming soon

California DMV spokesperson Jessica Gonzalez also confirmed in the report that the Golden State is also planning on talking with Tesla about its autonomous trucking effor...

Aug 11 2017

60 former, current employees plan to sue Google over workplace culture

According to Damore, the whole document was a big nothingburger at Google - until the media got wind. The report quoted a female Google employee as saying that she...

Aug 10 2017

Fear of North Korea attack sends Wall Street spiraling

President Donald Trump said that if North Korea continues to escalate the situation, "They will be met with fire, fury, and, frankly, power, the likes of which the worl...

Aug 06 2017

Bank of England MPC decision has 'direct implications for every household'

Rates have now been held at 0.25% since last August , when they were reduced by 25bps amid market volatility after the Brexit vote. At the last meeting, three rate-set...

Aug 05 2017

ADP seeks to fend off Ackman's Pershing Square

The payroll company said it declined to extend the deadline. According to the company, Bill Ackman is seeking an extension to its nomination period for members of its Boa...

Aug 05 2017

Teva to fire 7000 employees worldwide after reports of $6 billion loss

Inc. now owns 11,601 shares of the company's stock valued at $372,000 after buying an additional 1,004 shares during the last quarter. They are projecting Next Quarter gr...

Aug 04 2017

Atlantic Canada sees biggest jump in 1-person households, census shows

One-person households accounted for 28.2 per cent of all households a year ago, that's up from 25.7 per cent in 2001. The story of Canada's 5.8 million children betwe...

Aug 03 2017

Planes built for bankrupt Russian airlines could be new Air Force Ones

They spoke anonymously because the deal is not final and has not been publicly announced. Boeing had said it expected to add the Air Force One jets to its backlog, ...

Aug 03 2017

This teen jumped from a plane, landed in police net

It's unclear what charges, if any, the teen might face. The airline released a statement after the incident , saying "a Copa crew member closed the exit door, and the ...

Aug 02 2017

Hours Away From Bitcoin Fork, Price Above $2900 as Investors Remain Confident

Even at the time of the report, there is plenty of uncertainty over whether Bitcoin exchanges will support the creation of Bitcoin Cash and allow transactions under...

Aug 02 2017

IHS Markit: Malaysia's manufacturing sector's deterioration in July worse than 1H2017

PMI has stayed between 51 and 52 over the past seven months, and the July reading was basically consistent with the average of the first half of the year, said NBS senior...

Aug 01 2017

Discovery Lands Scripps Networks in $14.6 Billion Deal

David Zaslav, President and CEO, Discovery Communications said: "This is an exciting new chapter for Discovery". Gulf International Bank UK Ltd increased its position i...

Aug 01 2017

World's longest suspension footbridge opens in Switzerland spanning 494m across valley

Pedestrian suspension bridges are now in a bit of an arms race-the Europabrücke grabbed the "longest" title from Germany's Titan-RT bridge, which only opened this past Ma...

Jul 29 2017

Starbucks is closing all Teavana stores, including 3 in Pittsburgh area

The Mall at University Town Center is losing its Teavana store, bringing total causalities from mass corporate closures at the shopping center to four for the year. McD...

Jul 29 2017

US GDP Growth Accelerates In Line With Estimates In Q2

Inflation was very weak, at only a 1.0% rate. The rise in second-quarter GDP was in line with economists' expectations. The rate of growth is more than double the 1.2% ...

Jul 29 2017

Crude Oil Up 8.6% For Biggest Weekly Gain Of The Year

Oil prices edged up on Friday, reaching two-month highs and on track to post the strongest weekly percentage gains this year amid short covering and as investors digeste...

Jul 28 2017

Cuomo announces 'adopt-a-station' plan for NYC subways

The second phase, which will be outlined in the coming weeks, will consist of long-term improvements, including better subway cars, a new signal system and more modern co...

Jul 27 2017

Diesel emissions fraud: Volkswagen exec to plead guilty

The US court approved in May the compensation plan of some 600,000 customers of the German manufacturer in the United States who had bought diesel cars equipped with soft...