US unemployment rate falls to 8.4% even as hiring slows
WASHINGTON — U.S. unemployment dropped sharply in August from 10.2% to a still-high 8.4%, with about half the 22 million jobs lost to the coronavirus…
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Weekly commodity wrap-up
China boosts pork and beans Hog prices shot to a three-month high today, trading more than 60 cents per pound for the first time since…
Scandal-tarnished Nissan shows off production innovation
TOKYO — Nissan says it has developed a new way to produce high-tech auto parts that highlights the Japanese automaker’s engineering finesse, even as it…
US unemployment rate falls to 8.4% even as hiring slows
WASHINGTON — The U.S. unemployment rate fell sharply in August to 8.4% from 10.2% even as hiring slowed, with employers adding the fewest jobs since…
Freight firms warn of Brexit disruption amid UK-EU deadlock
LONDON — British freight haulers and storage companies are demanding an urgent meeting with government leaders because of concern that gaps in preparations for Brexit…
Pelosi, Mnuchin agree on plan to avoid government shutdown
WASHINGTON — House Speaker Nancy Pelosi and the Trump administration have informally agreed to keep a stopgap government-wide funding bill — needed to avert a…
Services sector growth slows in August
WASHINGTON — Growth in the U.S. services sector, where most Americans work, slowed in August after big rebounds in June and July, indicating lingering problems…
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…
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…