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Government shutdown weighs on economic growth in Q4
U.S. economic growth slowed in the fourth quarter with government spending posting its biggest decline since 1972 because of last year's shutdown.
Bank of America boosts minimum wage to $25 an hour
Bank of America has raised its U.S. minimum hourly wage to $25 per hour, boosting annual pay for full-time employees above $50,000.
MD officials OK ‘long overdue’ funding for downtown Frederick hotel
Maryland's Board of Public Works approved $7.5 million for the prolonged project to build a hotel and conference center in downtown Frederick.
Inflation cooled again in April amid lower prices for gas and groceries — and eggs
Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect.
Economy grew 2.4% in 4th quarter after upgrade in final growth estimate
The U.S. economy expanded at a healthy annual 2.4% pace the final three months of 2024, the government said in a slight upgrade.
Economy slowed but still grew at 2.9% rate last quarter
The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum.
Survey: Business economists foresee best growth in 37 years
The nation's business economists have grown much more optimistic about the U.S. economy this year, with a majority predicting that increased vaccinations, stronger job gains and further government aid will accelerate growth to its fastest pace in nearly four decades.
House speaker promises tax overhaul this year despite chaos
WASHINGTON — House Speaker Paul Ryan insisted on Thursday that Congress will overhaul the U.S. tax system this year despite the chaos consuming Washington and the political divisions in Congress. […]
US economic growth weakened to 0.7 percent in first quarter
WASHINGTON — The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. The result underscores the challenge facing President […]
U.S. CEOs less optimistic about hiring, spending
Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter.
U.S. businesses boosted stockpiles 0.4 pct. in June
U.S. businesses added to their stockpiles at a slightly slower pace in June compared with May, possibly reflecting weaker sales in the past two months.
U.S. companies increasingly fish for growth overseas
Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.
