Browsing: Economy

By Jason Lange WASHINGTON (Reuters) – What could happen on Main Street if Washington’s political showdown over the debt ceiling stopped the government from cutting checks…

The numbers: Consumer spending jumped 0.8% in April as Americans bought more new cars and other goods and services, underscoring the resilience of the U.S. economy…

Moody’s Investors Service expects the ongoing standoff over raising the U.S. debt limit to be resolved in time to avoid the nation defaulting on any bills,…

By Dietrich Knauth (Reuters) – Telecommunications and power contractor QualTek Services Inc filed for bankruptcy on Wednesday, armed with a restructuring deal that could slash $307…

Data showing U.S. inflation stuck in the 4%-5% range and consumer spending coming in stronger than expected for last month are boosting the likelihood of another…

A new study found that job seekers with a Southern accent could make less money than people without one. According to the study by the University…

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The central banks of South Korea and Indonesia announce…

Banks increased lending last week and deposits rose for the first time in a month, showing little evidence of an emerging credit crunch in the U.S.…

Costco’s CFO on Thursday offered some observations on inflationary pressures, saying they continue to “abate somewhat” for the retailer, especially with key food items.  “If you…

(Reuters) – Verizon Communications Inc (NYSE:) held a meeting with customer service employees to notify them of upcoming “restructuring” and “streamlining” measures that are all but…