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economy

Mar 30, 2020

Rent strike idea gaining steam during coronavirus crisis

With millions of people suddenly out of work and rent due at the first of the month, some tenants are vowing to go on a rent strike until the coronavirus pandemic subsides. New York, Boston, Los Angeles, San Francisco and St. Louis are among many cities that have temporarily banned evictions, but advocates for the […]

Feb 24, 2020

Warren Buffett says economy is slowing amid virus fears

Billionaire Warren Buffett says the viral outbreak in China has slowed economic growth, but he remains confident in the long-term future of American business. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire Hathaway shareholders over the weekend. Buffett said the reports he gets from Berkshire’s assortment of more than 90 businesses and stock […]

Feb 24, 2020

Warren Buffett says economy is slowing amid virus fears

Billionaire Warren Buffett says the viral outbreak in China has slowed economic growth, but he remains confident in the long-term future of American business. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire Hathaway shareholders over the weekend. Buffett said the reports he gets from Berkshire’s assortment of more than 90 businesses and stock […]

Dec 4, 2019

Survey: Businesses added just 67,000 jobs in November

U.S. companies added just 67,000 jobs in November, a private survey found, barely half the gain of the previous month. Payroll processor ADP said that manufacturers, construction firms and mining companies cut 18,000 jobs combined. Companies with fewer than 20 employees also slashed their payrolls. November’s job gain is the fewest in six months and […]

Dec 4, 2019

Survey: Businesses added just 67,000 jobs in November

U.S. companies added just 67,000 jobs in November, a private survey found, barely half the gain of the previous month. Payroll processor ADP said that manufacturers, construction firms and mining companies cut 18,000 jobs combined. Companies with fewer than 20 employees also slashed their payrolls. November’s job gain is the fewest in six months and […]

Nov 13, 2019

Trump claims credit for economy, jobs in New York speech

Despite a slowing economy, President Donald Trump declared this week the United States was enjoying a “boom the likes of which we have never seen before!” Trump told the Economic Club of New York that “we have delivered on our promises — and exceeded our expectations by a very wide margin.” His remarks were delivered […]

Nov 12, 2019

Trump claims credit for economy, jobs in New York speech

Despite a slowing economy, President Donald Trump declared this week the United States was enjoying a “boom the likes of which we have never seen before!” Trump told the Economic Club of New York that “we have delivered on our promises — and exceeded our expectations by a very wide margin.” His remarks were delivered […]

Nov 6, 2019

US productivity falls for first time in nearly 4 years

American workers were less efficient in the July-September quarter, pushing down productivity for the first time since late 2015. The Labor Department said Wednesday that productivity, a measure of economic output for each hour worked, fell 0.3 percent in the third quarter. The drop comes after two quarters of healthy gains. Still, productivity has increased […]

Nov 6, 2019

US productivity falls for first time in nearly 4 years

American workers were less efficient in the July-September quarter, pushing down productivity for the first time since late 2015. The Labor Department said Wednesday that productivity, a measure of economic output for each hour worked, fell 0.3 percent in the third quarter. The drop comes after two quarters of healthy gains. Still, productivity has increased […]

Nov 1, 2019

US manufacturing contracts for third straight month

U.S. manufacturing output dropped for the third straight month in October as trade tensions and a slowing global economy took a toll on American factories. The Institute for Supply Management, an association of purchasing managers, said Friday that its manufacturing index blipped up to 48.3 last month from 47.8 in September. But anything below 50 […]

Oct 24, 2019

US new homes sales fell 0.7 percent in September

U.S. new home sales fell slightly in September with all regions of the country except the Midwest showing declines. The Commerce Department reported Thursday that sales of new homes fell 0.7 percent last month following a big 6.2 percent surge in sales in August. Homes were sold at a seasonally adjusted annual rate of 701,000, […]

Oct 24, 2019

US new homes sales fell 0.7 percent in September

U.S. new home sales fell slightly in September with all regions of the country except the Midwest showing declines. The Commerce Department reported Thursday that sales of new homes fell 0.7 percent last month following a big 6.2 percent surge in sales in August. Homes were sold at a seasonally adjusted annual rate of 701,000, […]

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