Economic recovery stalls as consumers signal caution
NEW YORK — The U.S. economy’s economic engine might be running out of fuel. Consumer spending accounts for about 70% of the U.S. gross domestic…
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US trade deficit surges in July to highest in 12 years
WASHINGTON — The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount….
U.S. productivity rises a record 10.1% in second quarter
SILVER SPRING, Md. — U.S. productivity rose at a 10.1% rate in the second quarter as the number of hours worked declined by the largest…
Jobless claims fall to 881,000 but layoffs remain elevated
WASHINGTON — The number of laid-off Americans applying for unemployment benefits fell to roughly 880,000 last week, a sign of possible improvement but evidence that…
Study: Electronics could stop 40% of big truck rear crashes
DETROIT — Safety features such as automatic emergency braking and forward collision warnings could prevent more than 40% of crashes in which semis rear-end other…
Honda, General Motors sign deal to work on vehicles together
DETROIT — General Motors and Honda say they have signed a deal to explore sharing vehicle underpinnings and propulsion systems in North America. The companies…
Facebook moves to target misinformation before election
With just two months left until the U.S. presidential election, Facebook says it is taking more steps to encourage voting, minimize misinformation and reduce the…
Michaels: Fiscal 2nd quarter earnings snapshot
IRVING, Texas — Michaels Cos. today reported a fiscal second-quarter loss of $7.8 million, after reporting a profit in the same period a year earlier….
EU unveils plan to secure raw materials, cut dependency
BRUSSELS — Worried by an increasing dependency on the raw materials used to make smart phones, televisions and energy-saving lights, the European Union today launched…
Tyson Foods to open medical clinics at US plants
OMAHA, Neb. — Tyson Foods says it is planning to open medical clinics at several of its U.S. plants to improve the health of its…