Money & Markets

In this Thursday, July 27, 2017, photo, Cheryl Bast, left, is accompanied by her daughter Liz Pierson, as she works on an application for a position with Omaha Public Schools, during a job fair held at Omaha South High School in Omaha, Neb. On Friday, Aug. 4, 2017, the U.S. government issues the July jobs report. (AP Photo/Nati Harnik)

Jobless rate raises question: How much better can it get

WASHINGTON — A drop in the unemployment rate to a 16-year low raises a tantalizing question about the job market: How much better can it get? Earlier this year, economists worried that the low unemployment rate meant businesses would struggle to find workers and that would drag down the ...

Casino industry in US has new rules

LAS VEGAS — The casino industry's largest lobbying group in the U.S. on Thursday rolled out a new code of conduct with consumer protection measures that it says are meant to promote responsible gambling. The code of the American Gaming Association calls on casino operators to be more ...

Job candidates stand in line outside of a processing tent outside the Amazon fulfillment center in Robbinsville, N.J., during a job fair, Wednesday, Aug. 2, 2017. Amazon plans to make thousands of job offers on the spot at nearly a dozen U.S. warehouses. (AP Photo/Julio Cortez)

Thousands show up for jobs at Amazon warehouses

FALL RIVER, Mass. — Thousands of people showed up Wednesday for a chance to pack and ship products to Amazon customers, as the e-commerce company held a giant job fair at nearly a dozen U.S. warehouses. Although the wages offered will make it hard for some to make ends meet, many of the ...

FILE - In this May 27, 2010 file photo, a worker looks out through the logo at the entrance of the Foxconn complex in the southern Chinese city of Shenzhen. Conservationists are lining up to oppose Republican plans to eliminate key environmental regulations as part of an incentive package to lure a $10 billion Foxconn electronics plant to southeastern Wisconsin. Gov. Scott Walker's incentives bill would exempt the company from environmental impact statements and state permits for filling wetlands and building on lake beds. (AP Photo/Kin Cheung, File)

Trump: Foxconn CEO confided plant deal could swell to $30B

MADISON, Wis. — President Donald Trump casually mentioned Tuesday that Foxconn's chairman told him in confidence the electronics giant's investment could reach $30 billion, triple the size of last week's deal with Wisconsin that some already viewed as optimistically inflated. Trump made ...

Tyson settles lawsuit with northwest Iowa workers for $5.8M

STORM LAKE, Iowa — Tyson Foods has settled a 10-year-old class-action lawsuit and will disburse nearly $6 million to more than 3,900 current and former employees of a pork plant in northwest Iowa. Peg Bouaphakeo and other Storm Lake employees sued the Arkansas-based company in 2007 to ...

FILE - This April 9, 2012 file photo shows construction well underway for two new nuclear reactors at the V.C. Summer Nuclear Station in Jenkinsville, S.C. South Carolina's state-owned public utility has voted to stop construction on two billion-dollar nuclear reactors. The reactors were set to be among the first new nuclear reactors built in the U.S. in decades, but the vote by Santee Cooper’s board on Monday, July 31, 2017 likely ends their future. (AP Photo/Jeffrey Collins)

Billions down the drain as new nuclear plants scrapped

COLUMBIA, S.C. — Billions of dollars spent on two new nuclear reactors in South Carolina went up in smoke Monday when the owners nixed plans to finish them after years of delays and cost overruns, dealing a severe blow to the industry's future. The reactors were set to be among the first ...

FILE – In this Aug. 3, 2014, file photo, the water intake crib for the city of Toledo, Ohio, is surrounded by an algae bloom on Lake Erie, about 2.5 miles off the shore of Curtice, Ohio. Researchers are working on creating an early warning system that can spot when algae begins showing up on hundreds of lakes across the U.S., using real-time data from satellites that already monitor harmful algae hotspots on Lake Erie in Ohio and on the Chesapeake Bay along the East Coast. (AP Photo/Haraz N. Ghanbari, File)

Researchers creating warning system for toxic algae discovered in lakes

TOLEDO, Ohio — Satellites in space and a robot under Lake Erie's surface are part of a network of scientific tools trying to keep algae toxins out of drinking water supplies in the shallowest of the Great Lakes. It's one of the most wide-ranging freshwater monitoring systems in the U.S., ...

US economy expanded at stronger 2.6 percent rate in Q2

WASHINGTON — The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending. But the growth spurt still fell short of the optimistic goals President Donald Trump hopes to achieve through tax cuts and regulatory relief. The Commerce Department ...

AP PHOTO
Foxconn Chairman Terry Gou, left, and Gov. Scott Walker hold the Wisconsin flag to celebrate their $10 billion investment to build a display panel plant in Wisconsin, at the Milwaukee Art Museum in Milwaukee, Wis., Thursday.

Wisconsin governor calls special session on Foxconn deal

MADISON, Wis. — A wide array of Wisconsin environmental regulations would be waived in an effort to speed up construction of a $10 billion Foxconn electronics factory under a proposal Gov. Scott Walker unveiled Friday. Walker called on the Republican-controlled Legislature to consider the ...

Teslas Mainstream Moment

Model 3 holds promise – and peril – for Tesla

FREMONT, Calif. — For Tesla, everything is riding on the Model 3. The electric car company's newest vehicle is set to go to its first 30 customers Friday evening. Its $35,000 starting price — half the cost of Tesla's previous models — and 215-mile range could bring hundreds of thousands ...

Forbes: Amazon CEO Bezos was briefly the world’s richest man

NEW YORK — Amazon CEO Jeff Bezos briefly became the world's richest man Thursday in Forbes magazine's tracking of wealth, as stock in his e-commerce company hit an all-time high. Microsoft founder Bill Gates reclaimed the lead by afternoon, as Amazon's stock fell nearly 1 percent for the ...

VW and regulators agree on fix for cars in cheating scandal

WASHINGTON — Volkswagen and U.S. environmental regulators announced agreement Thursday on a plan for the German automaker to fix most of the diesel cars involved in an emissions cheating scandal. The company said the Environmental Protection Agency and the California Air Resources Board ...

Starbucks to shutter all Teavana stores

NEW YORK — Starbucks is shutting down its struggling Teavana chain, and relying on customers who spend more on pricier drinks and food to drive up sales at its namesake coffee stores. The company reported disappointing sales growth on Thursday, and said it will close all 379 Teavana locations ...

AP PHOTO
In this May 26, 2010 file photo, staff members work on the production line at the Foxconn complex in the southern Chinese city of Shenzhen, Southern city in China.

Trump announces $10B Foxconn plant in Wisconsin

WASHINGTON — President Donald Trump said Wednesday that electronics giant Foxconn will build a $10 billion factory in Wisconsin that's expected to initially create 3,000 jobs, the largest economic development project in state history. The announcement comes at a critical juncture for a ...

Federal Reserve

Fed leaves rates alone, moves closer to selling off bonds

WASHINGTON — The Federal Reserve is keeping its key interest rate unchanged at a time when inflation remains persistently low. But it signaled Wednesday that it's edging closer to gradually shrinking its bond holdings, a step that would likely boost long-term borrowing rates including ...

Coke Zero rebooted as Coke Zero Sugar

NEW YORK — Coke Zero is getting revamped as Coke Zero Sugar. The new name is intended to make clearer that the drink has no sugar, and a new recipe is intended to make the drink taste more like regular Coke. The company isn't specifying what it's changing aside from saying it tweaked the ...

AP PHOTO
This May 16, photo shows new town homes under construction in Woodstock, Ga. The Standard & Poor's/Case-Shiller 20-city home price index for May is released, Tuesday.

US home prices reach record high for 6th straight month

WASHINGTON — U.S. home prices reached a new high in May for the sixth straight month, which may raise fears of another housing bubble roughly a decade after a previous one burst. The Standard & Poor's CoreLogic national home price index, released Tuesday, increased 5.6 percent in May, ...

Yellen

Trump weighs replacing Fed Chair Yellen with ex-Goldman exec

WASHINGTON — President Donald Trump said Tuesday that he's considering either re-nominating Janet Yellen for a second term as Fed chair or replacing her with someone else, possibly Gary Cohn, who leads his National Economic Council. Trump said in an interview with the Wall Street Journal ...

AT&T tops Wall Street’s profit, revenue forecasts

DALLAS — Shares of AT&T Inc. rose Tuesday after the company's second-quarter profit and revenue beat industry analysts' projections. The Dallas phone and video company also said that it still expects its $85 billion Time Warner deal to close this year. AT&T bought DirecTV in 2015 and ...

Christopher Grobbel, of Grobbel Environmental and Planning Associates, speaks during feedback session on Enbridge Inc.'s Line 5 at the Hagerty Center on the Great Lakes Campus of Northwestern Michigan College in Traverse City, Mich., Monday, July 24, 2017. Supporters and opponents of twin oil pipelines beneath the Straits of Mackinac are making their cases in a series of public meetings. (Jan-Michael/Traverse City Record-Eagle via AP)

Supporters, foes clash over underwater oil pipeline’s future

TRAVERSE CITY, Mich. — An engineering company's report on the future of twin oil pipelines beneath the Straits of Mackinac is flawed and biased in favor of continuing the existing system, critics said Monday. A business coalition said keeping oil flowing through the 64-year-old pipes is ...