The Great Recession officially ended in June 2009, six months into former President Obama’s first term. The economy continued to shed jobs until the following March. Manufacturing was particularly hard hit, with almost 2.3 million manufacturing jobs—some 1 in 6—lost between January 2008 and March 2010. As is the case during recoveries, jobs bounced back,…
Once he’s done calling out the AP as “fake news” and slamming Democrats about immigration laws, Donald Trump just might tweet out this story. And he’d have good reason to. After a decadelong absence, the U.S. has regained the distinction of most competitive country in the world, according to the World Economic Forum. In fact, only Japan made a…
SINGAPORE, Nov 14 (Reuters) – Oil struggled to find its footing on Wednesday after plunging 7 percent the previous session, with surging supply and the specter of faltering demand scaring off investors. U.S. West Texas Intermediate (WTI) crude oil futures were at $55.52 per barrel at 0732 GMT, down 17 cents, or 0.3 percent, from their last settlement. International benchmark Brent crude oil futures were down 9…
It’s officially over. Amazon’s grand search for a second headquartersended Tuesday with a split between the Long Island City section of Queens, New York, and the Crystal City area of Arlington, Virginia. And while those two areas are celebrating their wins with an influx of new jobs and billions of investments, the other 18 finalists, who were picked…
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Good news if you felt a little guilty about that mid-morning donut at work. Turns out thinking burns calories so if you have a long cognitive-filled workday ahead of you, you will at least work off some of that tasty carb. Ewan McNay, an assistant professor of psychology and behavioral neuroscience at the University of…
Apple on Wednesday introduced three new versions of the iPhone, including the premium Xs and Xs Max. The company placed a big bet on the iPhone X, a $999 device that arrived one year ago. Consumer demand for the iPhone has lagged, but the more expensive iPhone X helped drive a 20 percent increase in…
LONDON, Aug 29 (Reuters) – Oil prices rose on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter buyers, but gains were limited by evidence of a rise in U.S. inventories. Benchmark Brent crude oil was up 50 cents at $76.45 a barrel by 1330 GMT. U.S. light crude…
More than 2.5 billion pounds of meat are being stockpiled in warehouses across the U.S. as trade disputes slow sales overseas, according to a Wall Street Journal report. Federal data confirming the numbers are expected on Monday. The Journal reports that despite an increased appetite from Americans for meat in recent years, production of beef, pork,…
When the clock stuck midnight, U.S. tariffs on $34 billion in Chinese imports took effect. Beijing vowed to respond immediately in kind, the two biggest economies are on a collision course for a full-blown trade war. China’s customs authority said China will levy tariffs on 545 items worth $34 billion in response to U.S.’ tariffs, according to…
There may be a mounting driver shortage in the trucking industry, but that isn’t slowing demand for big rigs – signaling strength in the U.S. economy. Orders reached 42,200 in June, up more than 18% month-over-month, according to ACT research, as reported by The Wall Street Journal. That figure is more than two times what it was…
Gas prices are expected to surge above $3 a gallon, just in time for the busy summer driving season. But there are several ways drivers can keep their fuel spending in check. AAA estimates that consumers will pay the highest Memorial Day gas prices since 2014. The national average for regular gasoline has risen to…
Major League Baseball is partnering with private equity firm Seidler Equity Partners to purchase Rawlings Sporting Goods Company for $395 million, the league’s longtime baseball and helmet supplier. Newell Brands, the previous owner of Rawlings, said it would use the sale proceeds to fund share buybacks and reduce its debt load. Rawlings posted net sales…
Sears Holdings has identified approximately 100 non-profitable stores and will close 72 of them in the near future. The stores destined for closure have not yet been revealed, but the company said it would identify them by mid-day. The company said that it came to the decision as part of their ongoing efforts to streamline…
It’s not just sports fans celebrating the Supreme Court decision to allow states to legalize sports gambling as fantasy brands DraftKings and FanDuel look to cash in on the ruling. Matt Kalish, co-founder of DraftKings, the Boston-based fantasy sports company, told FOX Business earlier this month that it has been developing a sports-betting platform since…
Small businesses account for nearly half of U.S. economic growth, but not all cities are created equal for Americans looking to start a business. Oklahoma City is the best large city to start a business in 2018, according to a WalletHub study. The capital city of Oklahoma ranked eighth in overall business environment and 25th…
As many Americans wrapped up filing for the fiscal year 2017 tax season this week, experts say it’s not too early to start thinking about next year. “With all of our clients, starting last autumn, we were already focused [on 2018] … what to be thinking about in context of the new legislation,” Timothy Speiss,…
Oil prices have skyrocketed since the end of 2016, reaching a 3 1/2-year high this week and natural gas prices are at a 3-year high. One of the more painful downturns for the domestic petroleum business is now turning into a distant memory. After losses for a number of years, U.S. oil producers may finally…
Southwest Airlines Co clashed with engine-maker CFM over the timing and cost of proposed inspections after a 2016 engine accident, months before the explosion this week of a similar engine on a Southwest jet that led to the death of a passenger, public documents showed. The proposed inspections would have cost $170 per engine for two hours of…
Roughly 70 million people will attend a Major League Baseball game during the 2018 season. By the time the last pitch is thrown, fans will consume a staggering 19 million hot dogs, according to the National Hot Dog and Sausage Council. But hot dogs barely scratch the surface of what baseball clubs are cooking. From…
