Economy

US Consumer Borrowing Slowed in February, Fed Says
Economy
US Consumer Borrowing Slowed in February, Fed Says
2019-04-05 20:56:28
by Dan McCue

Consumer borrowing rose at a slower pace in February as a surge in the use of credit cards was offset by a slackening in demand for student loans and auto loans, the Federal Reserve said Friday. The central bank said... Read More

Job Market Rebounded in March As Employers Added 196K to Payrolls
Economy
Job Market Rebounded in March As Employers Added 196K to Payrolls
2019-04-05 20:49:52
by Dan McCue

It may not have been March madness, but the job market rebounded strongly last month, solidly trouncing economists' expectations. The Bureau of Labor Statistics reported Friday that nonfarm payrolls grew by 196,000 jobs in March, well above the 165,000 jobs... Read More

Bridgepoint Education Is Now Zovio, Announces Arizona Headquarters
Education
Bridgepoint Education Is Now Zovio, Announces Arizona Headquarters
2019-04-03 00:04:27
by Dan McCue

Bridgepoint Education, Inc. has changed its name to Zovio Inc., advancing the company's strategy and transformation into an education technology services company. In addition to the name change, the company, which partners with higher education institutions and employers to deliver... Read More

As Trump Threatens to Close Border, Experts Warn of Billions in Economic Damage
Economy
As Trump Threatens to Close Border, Experts Warn of Billions in Economic Damage

WASHINGTON — When the Trump administration abruptly shuttered the San Ysidro border crossing for five hours on the Sunday after Thanksgiving following a skirmish with a group of migrants, holiday traffic snarled for hours south of San Diego. Businesses on... Read More

New-Home Sales Surged in February to 11-Month High, Consumer Spending Lags
Economy
New-Home Sales Surged in February to 11-Month High, Consumer Spending Lags
2019-03-29 23:37:27
by Dan McCue

Sales of newly built single-family homes surged in February to a seasonally adjusted annual rate of 667,000, the Commerce Department reported Friday. That 4.9 percent increase is the highest level this category of home sales has reached since March 2018.... Read More

737 Crashes Revamp Oversight, FAA Tells Congress
Transportation
737 Crashes Revamp Oversight, FAA Tells Congress
2019-03-28 18:04:30
by Dan McCue

Responding to widespread criticism of the FAA in the wake of two deadly crashes of Boeing's 737 Max outside the U.S., the inspector general of the Department of Transportation told a Senate panel on Wednesday that the agency plans to... Read More

Commerce, Not Safety Long at Forefront of Aviation Industry Oversight
Transportation
Commerce, Not Safety Long at Forefront of Aviation Industry Oversight
2019-03-28 17:50:59
by Dan McCue

The issues raised Wednesday during a meeting of the Senate Commerce Subcommittee on Aviation and Space went to the very heart of a conflict that has plagued aviation and the entities created to regulate it since the days of Charles... Read More

Trump Urged to Drop Tariff Threat on Imported Autos and Auto Parts
Economy
Trump Urged to Drop Tariff Threat on Imported Autos and Auto Parts
2019-03-27 23:19:34
by Dan McCue

Nine members of the New Democrat Coalition, led by vice chairs Representatives Terri Sewell, D-Ala., and Suzan DelBene, D-Wash., sent a letter to President Donald Trump Wednesday, urging him to abandon his threat to impose sweeping new tariffs on auto... Read More

Single-Family Home Construction Slowed More Than Expected in February
Economy
Single-Family Home Construction Slowed More Than Expected in February
2019-03-27 00:06:52
by Dan McCue

Construction of new single-family homes dropped more than expected in February, surpassing an 18-month low, the Commerce Department said Tuesday. Last month, so-called "housing starts" slumped 8.7 percent to a seasonally adjusted rate of 1.16 million units -- down from... Read More

United States Posted Largest-Ever Monthly Budget Deficit in February
Economy
United States Posted Largest-Ever Monthly Budget Deficit in February
2019-03-22 21:31:58
by Dan McCue

The federal government posted its biggest monthly budget deficit ever in February as a sharp decline in corporate revenue coincided with increased spending, the Treasury Department announced Friday. The budget gap widened to $234 billion in February, compared with a... Read More

Trump Trade Disputes Curbing Taste For American Whiskey
Trade
Trump Trade Disputes Curbing Taste For American Whiskey
2019-03-21 23:31:39
by Dan McCue

The Trump administration's various trade disputes have caused a slump in American whiskey sales abroad, the Distilled Spirits Council said on Thursday. In a new report the industry group said whiskey exports were robust in the first half of 2018,... Read More

US Mortgage Rates Fall Ahead of Spring Home Buying Season
Economy
US Mortgage Rates Fall Ahead of Spring Home Buying Season
2019-03-21 23:29:26
by Dan McCue

Long-term fixed-rate mortgage rates fell to 4.28 percent this week, potentially giving consumers more incentive to commit to purchasing a home just as the spring home buying season gets under way, Freddie Mac said on Thursday. The average rate on... Read More

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