The Federal Reserve raised interest rates and forecast two more hikes next year. The Fed aims to prevent a run-up in inflation.
Author: Paul Davidson, USA TODAY
Economy added disappointing 155,000 jobs in November
The economy added tepid 155,000 jobs in November. Economists expected 199,000 gains.
The dirty little secret behind jobless claims: record-low numbers aren’t all they seem
The share of laid-off workers seeking jobless benefits is lowest on record. It’s raising questions about a vital safety net in event of downturn
More retailers go cashless to cut costs, theft as holiday shopping ramps up
A small but growing number of retailers are no longer accepting cash. They want to limit the costs of handling dollar bills, and theft
Trump plans to boost China tariffs to 25%, could target iPhones, laptops
Trump is “highly unlikely” to back off plans to raise tariffs on Chinese imports to 25%, he told the Wall Street Journal. He could hit iPhones, laptops
An early holiday gift: Lower gas, oil prices could boost spending, economy
The drop in oil and gas prices is likely to lift consumer spending and the economy. That boost should more than offset a dip in oil investment.
Business spending growth is slowing. Is that a bad sign for the economy and jobs?
Business spending growth slowed sharply in the third quarter. The reasons could include worries over trade, a turn in the economy or a blip.
Million-dollar homes: The number surges as home prices rise. Many are in California
US homes over $1 million increased by 400,000 the past year, the largest jump since 2012. Long Island, Seattle, California among pricey spots
US economy grew solid 3.5 percent in the third quarter on strong consumer spending
Healthy consumer spending and business stockpiling helped keep the U.S. economy on a roll in the third quarter