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August, 26, 2016

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Business > Americas
Orders to U.S. factories for long-lasting manufactured goods dropped in May, reversing two months of gains and delivering more bad news for American manufacturers.
 
Oil climbed in Asia Wednesday after U.S. Federal Reserve boss Janet Yellen's cautious remarks on the U.S. economy weakened the U.S. dollar and traders nervously await Britain's vote on its future in the European Union.
 
Rio's new subway line is running out of time
Two construction workers chatted while applying white grout to the walls of a new subway tunnel one recent day, their voices and the smells of the building materials stark reminders of what was missing: passengers and trains.
 
As more gruesome crimes and attacks show up on live online video, social media platforms are facing new challenges in preventing the spread of gruesome and horrific content.
 
NEW YORK - Hackers have diverted more than $50 million in digital currency from an experimental fund meant to demonstrate that such money is safe for use, according to the New York Times.
 
Atlantic City's casino workers say they'll go on strike against five of the city's eight casinos on July 1 if a contract isn't reached by then.
 
US consumer price gains slow; underlying inflation supported
U.S. consumer prices moderated in May, but sustained increases in housing and health care costs kept underlying inflation supported, which could allow the Federal Reserve to raise interest rates this year.
 
Fed sees ultra-slow pace of rate hikes ahead
The Federal Reserve signaled Wednesday that it foresees an exceedingly slow pace of interest rate hikes ahead -- and is in no hurry to resume them.
 
A small Florida bank will issue the first U.S. credit card intended for use in Cuba and make it easier for Americans to travel and work on an island largely cut off from the U.S. financial system, the bank announced Tuesday.
 
Venezuelans barter using smartphones
A kilogram of pasta gets you a packet of diapers. A bag of flour buys a bottle of shampoo. Short on basic supplies, Venezuelans have reverted to ancient shopping habits: bartering whatever they have.
 
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