Category Archives: fnc/us/economy

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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