Wednesday, September 30, 2015
A handful of Florida state lawmakers started living on the minimum wage Monday to see what it is like and promote a drive to raise it to US$15 per hour.
Tuesday, September 29, 2015
U.S. consumer spending rose at a healthy rate in August, while income growth slowed after a big jump in July.
Monday, September 28, 2015
Deep inside a 70-year-old water-treatment plant, drinking water for the U.S. state of Iowa's capital city is cleansed of harmful nitrates that come from the central state's famously rich farmland.
Saturday, September 26, 2015
The U.S. economy grew at an even faster clip in the spring than previously estimated. But that growth likely slowed in the summer, held back by global headwinds and turbulent financial markets.
Chairwoman Janet Yellen said Thursday that she expects the U.S. Federal Reserve to begin raising interest rates from record lows by the end of the year.
The head of the World Bank says the U.S. Federal Reserve's recent decision not to raise interest rates immediately will give breathing room to developing countries working on reforming their economies.
Buoyed by steady job gains and low mortgage rates, Americans purchased new homes in August at the fastest pace in more than seven years.
Average long-term U.S. mortgage rates declined this week following the U.S. Federal Reserve's decision to keep interest rates at record lows for now.
Brazil's Central Bank warned Thursday of a deeper-than-expected recession in the world's seventh-largest economy, with the darkening outlook sending the national currency plunging to new lows.
Friday, September 25, 2015
U.S. stocks slumped on Thursday morning on further evidence that global growth is slowing. Industrial stocks led the declines after Caterpillar cuts its revenue forecast, blaming a downturn in the mining industry.