Jan 31 Worker compensation rose at slower rate than in 2018 By Christopher Rugaber, Associated Press Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the previous year. Continue reading
Jan 31 Stocks drop amid uncertainty over novel coronavirus impact By Alex Veiga, Associated Press Stocks are opening lower on Wall Street amid ongoing uncertainty about the economic impact of the virus outbreak that originated in China. Continue reading
Jan 30 Watch 7:51 Can peer pressure be harnessed to fight climate change? By Paul Solman Economist Robert Frank studies peer pressure and how its power can be leveraged for good. In his new book, “Under the Influence: Putting Peer Pressure to Work,” Frank explains the idea of “behavioral contagion,” which he says can drive people… Continue watching
Jan 30 How novel coronavirus could affect the global economy By Gretchen Frazee International health experts say they are doing everything they can, in partnership with China, to contain the virus. Whether they are successful over the coming days and weeks could determine whether the virus ends up being relatively minor hit or… Continue reading
Jan 29 How a wealth test for immigrants could affect the U.S. economy By Gretchen Frazee The so-called “public charge” rule bars immigrants from coming to the U.S., claiming that if they are deemed to be unable to support themselves financially. Continue reading
Jan 29 WATCH: Federal Reserve leaves key interest rate unchanged By Christopher Rugaber, Associated Press The central bank was widely expected to leave its short-term interest rate unchanged. The Fed lowered rates three times last year. Continue reading
Jan 28 Chipotle fined $1.37M over thousands of child labor abuses By Associated Press Chipotle has been hit with a $1.3 million fine over more than 13,000 child labor violations at its Massachusetts restaurants. Continue reading
Jan 28 U.S. budget deficit likely to break $1 trillion in 2020 despite strong economy By Andrew Taylor, Associated Press The Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several taxes used to help finance the Affordable Care Act. Continue reading
Jan 27 Global stocks tumble on coronavirus fears By Alex Veiga, Damian J. Troise, Associated Press Besides the threat to people's lives and health, investors are worried about how much damage the virus will do to profits for companies around the world. Continue reading
Jan 24 An investment firm might buy the dot-org domain. Protesters fear rising costs By Anick Jesdanun, Brian Melley, Associated Press Activists have protested the planned sale of dot-org online universe to an investment firm because they fear costs would soar. Continue reading