Economy

Nuke talks uncertain, US hits shippers with NKorea sanctions

Aug 15, 2018

With little apparent progress in denuclearization talks with North Korea, the Trump administration on Wednesday stepped up pressure on the isolated nation by punishing three foreign companies accused of helping the North evade international sanctions

Turkey braces for hard times amid currency crisis, US spat

Aug 15, 2018

Some Turks are reacting with defiance to their plunging currency and an escalating dispute with the United States, in an indication that they are ready to endure economic pain and risk further deterioration in a Cold War-era alliance

Fed rate policy unintentionally pressures emerging economies

Aug 15, 2018

Fed's rate policy unintentionally pressures Turkey and other developing economies

Turkey increases tariffs on some US goods, escalating feud

Aug 15, 2018

Turkey is increasing tariffs on imports of certain U.S. products, escalating a feud with the United States that has helped trigger a currency crisis

Macy's rebound continues into 2Q, but shares tumble

Aug 15, 2018

Macy's rebound continues into the 2Q, but shares tumble

US factory output rose solid 0.3 percent in July

Aug 15, 2018

US manufacturing output up 0.3 percent in July, though slowdown expected ahead

US retail sales rose at robust 0.5 pct. annual rate in July

Aug 15, 2018

US retail sales up a healthy 0.5 percent annual rate as consumers spend more on cars and restaurants

Guyana to build Venezuelan refugee settlement near border

Aug 15, 2018

Guyana says it will set up a temporary settlement for hundreds of people who have fled the economic collapse in neighboring Venezuela

US productivity grew at strong 2.9 percent rate in Q2

Aug 15, 2018

US productivity grew at strong 2.9 percent rate in second quarter while labor costs fell

White House admits error for false claim on black employment

Aug 15, 2018

In a rare admission of error, the White House has walked back its false claim that President Donald Trump created three times as many jobs for African American workers than President Barack Obama

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