Oct 15 Federal budget deficit surges to highest level in 6 years at $779 billion By Josh Boak, Associated Press The Treasury Department said Monday that the deficit climbed $113 billion from fiscal year 2017. Continue reading
Oct 15 Sears files for Chapter 11 amid plunging sales and massive debt By Anne D'Innocenzio, Associated Press The question now is whether a smaller version of the company that once towered over the American retail landscape can remain viable or whether the iconic brand will be forced out of business. Continue reading
Oct 15 Trump says Saudi king 'denies any knowledge' of missing journalist By Hope Yen, Jill Colvin, Associated Press President Donald Trump also said he is dispatching Secretary of State Mike Pompeo to the region. Continue reading
Oct 13 Watch 5:44 This leather substitute is grown in a New Jersey lab By Sam Weber, Connie Kargbo, Christopher Booker Modern Meadow, a New Jersey-based startup, is using biotechnology to produce material that looks and feels similar to leather. The company says that producing this leather-like material, made of lab-grown collagen, carries a lower environmental impact than other means of… Continue watching
Oct 12 Stocks rebound after two days of deep dives By Marley Jay, Associated Press Despite the uptick on Friday, major U.S. indexes still ended the week down about 4 percent, their worst weekly loss in six months. Continue reading
Oct 12 The Social Security benefits bump might not translate into a raise for seniors. Here's why By Gretchen Frazee What will the change mean for your pocketbook? Economics correspondent Paul Solman and columnist Philip Moeller discuss. Continue reading
Oct 12 Global stocks climb following two days of sharp losses By Marley Jay, Associated Press World stocks are climbing Friday after two days of sharp losses. Major U.S. stock indexes are up more than 1 percent, but they're still on track for their biggest one-week loss since late March. Technology and internet companies were some… Continue reading
Oct 11 Watch 8:07 Loss of Chinese export market drives new ideas for repurposing recyclables China’s decision to buy less recyclable material from the U.S. has prompted major questions about how we handle waste in America. What will we do with our abundance of plastic bottles and pizza boxes, if exporting them is no longer… Continue watching
Oct 11 Rising interest rates, trade tensions drive another day of steep stock declines By Marley Jay, Associated Press The Dow Jones Industrial Average dropped 546 points after dropping 831 points Wednesday. The two-day loss of 5.3 percent is the biggest for Dow since February. Continue reading
Oct 10 Dow industrials sink 831 points as tech stocks plunge By Marley Jay, Stan Choe, Associated Press Although the losses were widespread, stocks that have been the biggest winners on the market, including technology companies and retailers, suffered steep declines. Apple and Amazon both had their worst day in two and a half years. Continue reading