Luxury seller Saks to spinoff website into separate company
NEW YORK — Saks Fifth Avenue is spinning off its website into a separate company, with the hopes of expanding that business at a time…
AP Wire
US adds a strong 379,000 jobs in hopeful sign for economy
WASHINGTON — U.S. employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed…
US trade deficit rises 1.9% in January
SILVER SPRING, Md. — The U.S. trade deficit rose 1.9% in January as the coronavirus pandemic continued to disrupt global commerce. The gap between the…
China sets growth target ‘over 6%,’ tightening HK control
BEIJING — China’s No. 2 leader set a healthy economic growth target today and vowed to make the nation self-reliant in technology amid tension with…
German factory orders rise strongly in January
BERLIN — German factory orders rose more strongly than expected in January, a promising sign of strength in Europe’s largest economy, official figures showed today….
Productivity down 4.2%, largest decline in nearly 40 years
WASHINGTON — U.S. productivity fell at an annual rate of 4.2% in the fourth quarter, the largest quarterly decline in nearly four decades. The revised…
US suspends tariffs on UK goods to resolve aircraft dispute
LONDON — The U.S. agreed today to suspend millions of dollars’ worth of tariffs on U.K. exports including Scotch whisky as part of an effort…
For the first time since COVID, profits are rising again
NEW YORK — The freefall for corporate profits because of the pandemic is over, at least for now. The last few companies are letting their…
US jobless claims tick up to 745,000 as layoffs remain high
WASHINGTON — The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs…
GM looking to build 2nd US battery factory, Tennessee likely
DETROIT — General Motors says it’s looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea….