Heesun Wee, NBR, CNBC.com’s Posts

With the collapse in crude prices, lower oil revenues are hitting Alaska hard. Roughly 90 percent of the state government and one-third of all state jobs comes from oil money.

As global stock markets rebounded Tuesday despite China’s continued selloff, the focus now is on China’s economy and whether leaders can engineer a smooth slowdown. With little hope of a surge in consumer-led domestic demand, China is turning to its old standby model of exporting more goods. Amid this backdrop, at least one pocket of …

More linebacker than running back, Baxter is a tough, reliable worker. His arm span is wide and he takes instruction well, all valuable assets on a manufacturing shop floor. Baxter is a robot and made by Rethink Robotics, a start-up founded by Rodney Brooks, who produced the Roomba vacuum when he was at iRobot in …

Later this year along the banks of the James River outside Richmond, Virginia, a paper products maker based in northeastern China will begin construction on a new U.S. manufacturing plant. The factory will churn the region’s straw and corn stalks into household products including napkins, tissue and organic fertilizer—all marked “Made in the USA.” Shandong …

FedEx and UPS rate increases recently took effect while fuel prices, a key cost for shippers, are at record lows. Crude oil broke $50 a barrel, the lowest in nearly six years. So what else is driving changes in shipping prices? The answer, in short, likely includes the Amazon effect. U.S. trucking tonnage is at …

From deliveries of online shopping orders to massive pieces of equipment,the open road and trucking help drive the U.S. economy. Autonomous cars and drones may be on the horizon, but trucks—with drivers—still haul and deliver goods to doorsteps. There’s just one problem. America has more open trucking jobs than available commercial drivers. As older drivers retire in …

China—a low-cost maker of goods—is falling behind in the global manufacturing race as rising wages and energy costs put pressure on the Asian country, synonymous with making super cheap stuff. China is among several economies whose manufacturing price advantage over the U.S. is eroding, according to new data released Tuesday from The Boston Consulting Group. Other countries …

It’s been five years since the recession, and job creation is gaining traction.But one pocket of America is doing especially well in this recovery—the Twin Cities of Minneapolis and St. Paul in Minnesota. The Twin Cities jobless rate of 4 percent for May is the lowest unemployment rate of any large metropolitan U.S. area, according to U.S. Department …

Many large, publicly traded companies, from technology to retail, are tackling climate change and busy securing supplies of water, energy and agricultural staples. But for start-ups or mom-and-pops, what’s the Plan B—as weather-related risks, from severe droughts to flooding, threaten profitability? Many small-business owners, in fact, are pondering such questions, according to a new report released Wednesday …

As the Obama administration pushes a new plan to fight climate change, many businesses, from start-ups to multinationals, already are adapting to ensure their businesses can grow and profit amid sustainability challenges. Companies tackling sustainability, which connects companies with local environments, used to be about philanthropy. But sustainability—and more specifically climate change—is raising real business …

Desperate for a few hundred dollars to tide them over until payday, many Americans resort to cash or check advances—also known as payday loans. But the vast majority of these short-term advances are not paid off within two weeks, and in fact are rolled over or followed by another loan, according to the Consumer Financial …

The national debate over whether to raise minimum wages has stirred interest in where American companies stand on the issue. That curiosity perhaps is most intensely targeted at feel-good companies, which pride themselves on progressive practices. Do those companies match their upbeat branding with living wages? Whether it’s because wages underscore values or boost staff …

One bet on the economy is that American manufacturing is staging a comeback. With labor costs rising in China, U.S. companies are taking a second look at operations and incorporating more domestic production. Now in a twist on “Made in USA” and the larger reshoring movement, more small to mid-sized U.S. businesses are making and exporting goods as part of their …

The rate at which Americans are starting new businesses declined last year to prerecession levels, according to annual figures released Wednesday. The findings from the Kauffman Foundation, which studies entrepreneurship, suggest more individuals are landing jobs and not opting to start businesses out of necessity—a group referred to as necessity entrepreneurs. The business-creation rate declined to 0.28 …

Patent asserting groups that bully businesses and entrepreneurs into paying licensing fees or settlements—as opposed to actually using the patents—are not new, especially in the technology space. But during the last few years, the ranks of such patent trolls have grown—and they’re using ever-aggressive tactics to target more businesses not usually linked to patent scuffles …