Median U.S. Household Income Sets Record in 2016
2017-09-13 18:28:17 UTC
SEPT. 12, 2017 — The U.S. Census Bureau announced today that real median household income increased by 3.2 percent between 2015 and 2016, while the official poverty rate decreased 0.8 percentage points. At the same time, the percentage of people w...
US job openings continue to rise amid a scarcity of qualified workers
2017-09-12 20:29:53 UTC
WASHINGTON (Reuters) - U.S. job openings rose to a record high in July, suggesting a slowdown in job growth in August was an aberration and that the labor market was strong before the recent disruptive hurricanes.
The monthly Job Openings and L...
Equifax Hack Exposes Data of Up to 143 Million Customers
2017-09-08 17:21:16 UTC
By Yashaswini Swamynathan
(Reuters) - Equifax Inc, a provider of consumer credit scores, said on Thursday that personal details of as many as 143 million U.S. consumers were accessed by hackers between mid-May and July, in what could be one of ...
Ryan and Mnuchin See U.S Tax Overhaul by End of Year
2017-09-07 17:05:19 UTC
Doina Chiacu, Susan Heavey
WASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin and House of Representatives Speaker Paul Ryan voiced confidence on Thursday that Congress will pass an overhaul of the U.S. tax code by the end of this year, a...
Brazilian Firm, Odebrecht, Denies Paying Venezuelan Politician $100 Million
2017-09-07 16:33:08 UTC
CARACAS (Reuters) - Scandal-hit Brazilian construction company Odebrecht denied accusations it paid $100 million to Venezuelan Socialist Party Vice President Diosdado Cabello, as alleged by the country’s fugitive former chief prosecutor.
Trump Strikes Deal With Democrats: Debt Limit, Harvey Funds
2017-09-07 16:28:01 UTC
By RACHAEL BADE, BURGESS EVERETT and JOSH DAWSEY
Donald Trump, who casts himself as a master negotiator, took the first offer Democrats put on the table.
Republicans left the Oval Office Wednesday stunned. Trump had quickly sided with Democ...
Melting Permafrost Unlocks Carbon, Disease
2017-09-06 16:58:53 UTC
The consequences of climate change are perhaps most weirdly expressed in the Arctic.
A recent <a href="https://www.vox.com/2017/9/6/16062174/permafrost-melting" >article by Brian Resnick of Vox.com</a> explores the changes to Arctic permafrost...
Macron backs Germany’s idea of a European Monetary Fund to counter economic shocks
2017-09-07 17:57:39 UTC
ATHENS (Reuters) - French President Emmanuel Macron on Thursday backed Germany’s idea of a European Monetary Fund (EMF) to counter economic shocks in euro zone member states but stressed the ultimate goal of deeper integration should remain a euro...
NAFTA Nations Plan For Progress Despite Trump
2017-08-31 16:51:33 UTC
MEXICO CITY (Reuters) - Trade negotiators plan to take small steps forward in a second round of talks to rework the North American Free Trade Agreement (NAFTA) this weekend, trying to ignore daily threats from U.S. President Donald Trump to tear i...
IAEA Rejects Trump Demands To Check Iran Military Sites
2017-08-31 19:32:28 UTC
VIENNA (Reuters) - The United States is pushing U.N. nuclear inspectors to check military sites in Iran to verify it is not breaching its nuclear deal with world powers. But for this to happen, inspectors must believe such checks are necessary and...
Mayor of storm-ravaged Houston announces nighttime curfew
2017-08-30 06:05:01 UTC
HOUSTON (Reuters) - The storm turning slowly in the Gulf of Mexico has brought catastrophic flooding to Texas, killing at least 13 people and paralyzing Houston, America's fourth most populous city.
With damage expected to run well into the te...
Hurricane Harvey Shuts Down Texas Oil Refineries: Weeks to Recover
2017-08-29 14:38:11 UTC
The hole that Hurricane Harvey ripped across the energy industry along the Gulf Coast will take time to repair, and the Trump administration doesn't look ready to tap into the government's crude oil reserves to head off a jump in gasoline prices.
North Korea Missile Test Jolts Investors: U.S. Stocks Drop
2017-08-29 14:07:59 UTC
(Reuters) - The Dow fell more than 100 points at the open on Tuesday as North Korea’s missile test over Japan prompted President Donald Trump to warn that “all options are on the table”, triggering a flight to safety among investors.
Harvey's Aftermath: 400,000 Mortgages Are Up In The Air
2017-08-29 01:40:39 UTC
(Reuters) - U.S. mortgage agencies face possible losses on some of the 400,000 mortgages they guarantee on homes ravaged by Hurricane Harvey, but they will not know the extent of the damage until the wind and rain stop in Texas and Louisiana.
Euro Strengthened By EU Economic Growth
2017-08-28 00:29:56 UTC
SINGAPORE (Reuters) - The euro surged to its highest level since January 2015 against the dollar early on Monday.
The euro advanced 0.3 percent to $1.1953 on Monday, extending Friday’s 1 percent jump.
“The EUR bulls will feed off anything th...
Whole Foods' Competitors Fear Amazon Price Cuts
2017-08-25 06:36:18 UTC
(Reuters) - Amazon said it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling on fears that brutal market share battles will intensify.
Amazon’s $13.7 bill...
White House Supports Raising Debt Ceiling
2017-08-24 20:06:44 UTC
WASHINGTON (Reuters) - The White House said on Thursday it was committed to making sure Congress raises the nation's debt limit even as the president described the looming legislative process as a "mess."
"It's our job to inform Congress of the...
Bipartisan Policy Center Says U.S. Could Miss Payments on October 2
2017-08-24 18:08:46 UTC
WASHINGTON (Reuters) - The U.S. government might not have enough money to pay all its bills on Oct. 2 if Washington does not raise a cap on federal borrowing, a respected think tank said in a report on Thursday.
The Treasury might not have enou...
Schumer Says Trump Wall Threat Will Lead to U.S. Government Shutdown
2017-08-23 15:30:20 UTC
WASHINGTON (Reuters) - Senate Democratic leader Chuck Schumer said on Wednesday that President Donald Trump's threat to shut down the government if he does not secure funding for a border wall with Mexico would lead to a shutdown that "nobody will...
U.S. workers have low hopes for higher pay
2017-08-21 17:01:39 UTC
NEW YORK (Reuters) - U.S. workers see little hope for higher paychecks, and while they are increasingly searching for new jobs, they expect fewer offers to fall into their laps, according to a Federal Reserve survey published on Monday.
EU Strong Economic Growth Is On Track
2017-08-16 08:10:41 UTC
LONDON (Reuters) - Miners and oil stocks helped Europe's major share index make strong gains on Wednesday, as higher metals prices lent a hand and investors awaited euro zone GDP figures expected to confirm the bloc's economic growth was on track....
Premiums would rise 20% if Trump stops federal pay for health care
2017-08-15 19:45:50 UTC
WASHINGTON (Reuters) - Premiums for many would rise 20 percent in 2018 if Trump stops federal payments to health insurers, a nonpartisan congressional office said on Tuesday.
The Congressional Budget Office also found that terminating the payme...
Future Is with Core EU- Germany and France, not Nationalism
2017-08-15 18:56:35 UTC
BRATISLAVA (Reuters) - Slovakia should be part of a deeply integrated 'core' European Union driven by Germany and France, its prime minister said on Tuesday, backtracking from previous eurosceptic positions and distancing himself from some other e...
Is Recession Looming? U.S. Household Debt Jumps To A New Record High
2017-08-15 18:10:40 UTC
NEW YORK (Reuters) - Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies j...
How much would the UK be willing to pay to leave the EU?
2017-08-06 04:16:37 UTC
LONDON (Reuters) - Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain's negotiating strategy.