Category Archives: fnc/us/economy

US businesses increased stockpiles slightly in March

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U.S. businesses increased their stockpiles slightly in March, while their sales were flat. Continue reading

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US retail sales rebounded in April after sluggish winter

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Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish months. Continue reading

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Claims for US unemployment aid fall by 2,000 to 236,000

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Fewer Americans sought jobless benefits last week, and the number of people collecting unemployment checks fell to the lowest level since 1988. Continue reading

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Wholesale prices jumped in April

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Inflation at the wholesale level jumped in April by the largest amount in three months, fueled by rising prices of food and energy. Continue reading

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Chinese textile firm hiring up to 800 in east Arkansas

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A Chinese textile company announced plans Wednesday to transform a former television factory in east Arkansas into its first North American facility, a $410 million project that’s expected to create up to 800 new jobs in the struggling Mississippi Delt… Continue reading

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Christie’s: Global sales of luxury homes cooled in 2016

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Global luxury home sales cooled off in 2016 for the second consecutive year, even with a record number of homes selling for more than $100 million. Continue reading

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Shares in Sealed Air fall on 1Q loss

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Shares in Sealed Air Corp. fell after the company reported a first-quarter loss and lower revenue on the heels of the $3.2 billion sale of its food hygiene and cleaning business to Bain Capital in March. Continue reading

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Retail funk: Stores face biggest challenges since recession

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It’s starting to look a lot like the Great Recession redux for retailers. Continue reading

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US consumer borrowing rises solid $16.4 billion in March

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Americans consumers stepped up their borrowing in March, taking out more loans for cars and school. Continue reading

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Looking for a job? These 5 areas are doing the most hiring

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By many measures the job market is in its best shape since before the Great Recession. Continue reading

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Buffett cuts stake in IBM and shares slide

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Warren Buffett says he’s sold about a third of the 81 million shares he holds in IBM, sending the stock sharply lower before the opening bell. Continue reading

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US jobs data show some scars from recession finally healing

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After a hiring slowdown in March, the U.S. job market is thought to have resumed solid growth in April, a trend that would help underpin an economic rebound after a weak start to the year. Continue reading

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US factory orders tick up in March

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Orders to U.S. factories turned in the weakest performance in four months, although a key category that tracks business investment showed more strength. Continue reading

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US productivity posts sharpest fall in a year

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The productivity of American workers fell in the first quarter by the sharpest amount in a year, while labor costs increased. Continue reading

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US trade deficit narrows in March

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The U.S. trade deficit narrowed in March to the lowest level since October as both exports and imports fell. Continue reading

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Small business lending: Is glass half-full or half-empty?

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Is the glass of small business lending half-full or half-empty? Banks and government data point to a recovery in small business loans since the recession, with loan figures nearly back to their 2008 levels. Continue reading

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Small companies reduced hiring in April, adding 61,000 jobs

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SEESAW CONTINUES: Small businesses added 61,000 jobs in April, down nearly half from the revised 117,000 in March and 91,000 in February, according to payroll provider ADP. Continue reading

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US services firms grow faster in April

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U.S. services companies expanded at a faster pace in April, which is good news for the overall American economy. Continue reading

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Auto sales tumble; 7-year win streak could come to an end

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The five top-selling automakers in the U.S. all reported sales declines last month as demand seems to be slowing after seven straight years of growth. Continue reading

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Charter posts profit, but misses forecasts

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Charter Communications, the cable and internet provider, posted a profit in its first quarter after reporting a loss a year ago as it benefited from its acquisitions of rivals Time Warner Cable and Bright House Networks. Continue reading

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AP Explains: What will a Hollywood writers’ strike mean?

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Negotiations aimed at preventing a crippling strike by Hollywood movie and TV writers are down to the wire. Continue reading

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US factories expand at slower pace in April

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American factories grew for the eighth straight month in April but at a slower pace than in March. Continue reading

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US construction spending slips 0.2 percent in March

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U.S. builders trimmed construction spending slightly in March, one month after building activity hit an all-time high. Continue reading

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US consumer spending flat for second month in March

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U.S. consumers cut back sharply in spending on durable goods such as autos in March, leaving overall spending unchanged for a second straight month. Continue reading

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Is this the future of college: Online classes, but no degree

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Connor Mitchell’s university classes take place online, he doesn’t have any exams and he studies in a different country every year. Continue reading

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West Coast dockworkers to vote on deal seeking labor peace

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Dockworkers were given the chance Friday to vote on a new contract extension that could provide long-term labor peace at West Coast seaports, where in recent years work slowdowns and strikes have affected billions of dollars in cargo. Continue reading

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US economy expanded at weakest pace in 3 years

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The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. Continue reading

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US employment costs climbed steadily in first quarter

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Wages and benefits paid to U.S. civilian workers grew steadily in the first three months of the year. Continue reading

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Bank of America survey small business optimism surging

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Small business owners’ optimism about the economy has turned around dramatically since before the election, according to a survey released by Bank of America. Continue reading

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Fewer people signed contracts to buy US homes in March

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Fewer consumers signed contracts to buy U.S. homes last month as the spring buying season revs up with stiff competition for affordable homes amid lagging inventory. Continue reading

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US durable goods advance modest 0.7 percent in March

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Orders for long-lasting manufactured goods posted only a modest gain in March as a key category that tracks business investment plans remained weak. Continue reading

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P&G shares slip as its quarterly revenue falls short

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Shares in Procter & Gamble Co. slipped Wednesday after the company reported revenue for the first three months of the year that fell short of Wall Street forecasts, although its profit was better than expected. Continue reading

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WTO ruling favors Mexico in US ‘dolphin-safe’ tuna spat

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The World Trade Organization says Mexico’s tuna industry has been harmed by U.S. “dolphin-safe” labeling rules and the country can seek retaliatory measures worth hundreds of millions of dollars. Continue reading

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US consumer confidence dips in April but remains strong

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U.S. consumer confidence slipped in April but remains at high levels. Continue reading

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JetBlue’s profit sinks 59 percent as fuel costs rise

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JetBlue’s first-quarter profit sank 59 percent from a year ago as fuel costs and other expenses rose and the airline made less revenue from every seat flown. Continue reading

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US new-home sales climb to 8-month high in March

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U.S. sales of new homes shot up in March to the fastest pace in 8 months, as more Americans are upgrading their houses in a positive sign for the broader economy. Continue reading

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US home prices rose at the fastest pace in nearly 3 years

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U.S. home prices rose steadily upward in February as more homebuyers chased fewer available properties, a trend that many analysts say may not be sustainable. Continue reading

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Many condominiums for sale, rent at Chicago’s Trump Tower

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An unusually large number of luxury condominiums are for sale or available for rent at Trump Tower in Chicago. Continue reading

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Unisys’ adjusted earnings top estimates, stock surges

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Shares in Unisys Corp. surged on Monday after its adjusted quarterly earnings topped Wall Street expectations. Continue reading

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Hasbro heads for the loo and business booms

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Business for Hasbro is in the toilet, which turns out to be a pretty good place. Continue reading

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Survey of economists finds optimism about growth prospects

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Business economists are generally optimistic about the U.S. economy with most expecting stronger growth than last year’s poor performance. Continue reading

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Unemployment rates fall to record lows in 4 US states

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Unemployment rates fell to record lows in four U.S. states last month after months of steady job creation nationwide. Continue reading

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US home sales rise shoot up to 10-year high

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Americans purchased homes in March at the fastest pace in over a decade, a strong start to the traditional spring buying season. Continue reading

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Mattel shares drop after toy maker posts disappointing sales

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Mattel shares dropped after the nation’s largest toy maker reported a 15 percent drop in sales for the fiscal first quarter as it dealt with holiday hangover of too many items unsold. Continue reading

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E-Trade tops Street 1Q forecasts

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NEW YORK (AP) _ E-Trade Financial Corp. (ETFC) on Thursday reported first-quarter net income of $145 million. Continue reading

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Applications for US jobless aid rise but remain at low level

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More people sought U.S. unemployment benefits last week, yet total applications remained at a historically low level that suggests workers are enjoying solid job security. Continue reading

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GM halts operations in Venezuela after factory is seized

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General Motors has stopped doing business in Venezuela after authorities took control of a factory in what GM called an illegal judicial seizure of its assets. Continue reading

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Fed survey finds moderate economic growth in spring

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The Federal Reserve says the U.S. economy kept expanding in the early spring, with tight labor markets and many businesses reporting rising wages. Continue reading

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Inspector who tried to rein in illegal logging was fired

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Rolando Navarro, still in his 30s, had no illusions when he took the top job in Peru’s forest inspection agency in 2012. Continue reading

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IMF foresees global economy accelerating to 3.5 pct. in ’17

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A resilient China, rising commodity prices and sturdy financial markets are offering a sunnier outlook for the global economy and helping dispel the gloom that has lingered since the Great Recession ended. Continue reading

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