Economy

Filter

Tesla CEO Elon Musk, company settle fraud suit for $40M

By Michael Liedtke, Associated Press

Tesla CEO Elon Musk and the electric car company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit.

The world’s rich are parking their money in cities. Where to next?

By Paul Solman

Data showing apartment costs compared to the average income suggests investors are causing housing prices to spike in cities like Hong Kong and London.

From seaweed to sugarcane, companies race to find the next great plastic replacement

By Gretchen Frazee

Small businesses are scrambling to meet the demand from consumers who want an alternative to plastic straws.

SEC sues Elon Musk for false statements about taking Tesla private

By Tom Krisher, Associated Press

U.S. securities regulators have filed a complaint against Tesla CEO Elon Musk for falsely claiming on Twitter last month that funding was secured to take electric car company private.

More U.S. corporate giants warn tariffs will mean price hikes

By Tom Krisher, Josh Boak, Associated Press

A growing number of iconic American companies are warning that President Trump's tariffs on U.S. imports are raising their costs and prices.

Analysis: The dangers of the Fed rate hike

By Paul Solman

The conventional wisdom was that the Federal Reserve would again hike short term interest rates today. That wisdom proved correct, as did the prediction that the Fed would say it is committed to further hikes. The conventional explanation is that…

Threats to Medicare, Social Security in the spotlight ahead of midterm elections

By Philip Moeller

Advocacy groups are making a push to inform voters about what they see as risks to Medicare and Social Security ahead of the 2018 midterm elections.

Citing strong economy, Fed raises rates for third time this year

By Martin Crutsinger, Associated Press

Many economists worry, though, that Trump's combative trade policies could slow the economy.

3 things to watch with the Federal Reserve poised to raise interest rates

By Martin Crutsinger, Associated Press

The Federal Reserve is expected to raise interest rates Wednesday, but economists will also be watching for a signal that another hike is likely before the end of the year.