US Economy

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The suddenly dour forecast for corporate profits in 2015 is accompanying fears that a recession will be close behind. In fact, the two have gone pretty much hand in hand over the years, which is why a looming earnings pullback in corporate America has sparked concern on Wall Street. Since the end of World War …

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The Federal Reserve fired its first warning shot Wednesday that it is going to start hiking interest rates–sometime. As the global investment community focused its attention on the U.S. central bank, the Fed Open Market Committee lived up to expectations: It dropped the word “patient” from its post-meeting statement, an indication, subtle though it may …

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A veteran speaks to a job recruiter at a 'Hiring our Heroes' Job Fair on March 27, 2014 in New York City.

The U.S. unemployment rate has fallen to 5.5 percent—the lowest since 2008—according to the latest figures, but one segment of the population isn’t cheering just yet. Military veterans are almost twice as likely as nonveterans to start their own business, but their unemployment rate stands at 6.7 percent as of February, and has been consistently …

Curing congestion on the rails

More goods are moving by rail and that’s causing a big headache on the tracks. As Morgan Brennan reports, companies are making big investments to fix the problem.

Rebecca Cook | Reuters
A worker at the Ford Rouge Center in Dearborn, Michigan.

Much of Wall Street had been looking for the U.S. economy this year to exceed 3 percent annualized growth for the first time since the Great Recession. One Federal Reserve indicator, though, shows that assumption could be in serious jeopardy. The Atlanta Fed each week publishes a rolling update of its gross domestic product projection …

Ryan Etter | Getty Images

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 …

Small business fights rent hikes

High rents are hurting small business owners in many U.S. cities.

America’s freight boom

One mode of transportation, used by a wide variety of industries and companies, is growing at a faster pace than all others.

Daniel Acker | Bloomberg | Getty Images
A worker removes bolts from a concrete form at Doty & Sons Concrete Products in Sycamore, Illinois.

There were 5 million job openings in January, the highest level of open positions since January 2001, according to data released Tuesday by the U.S. Bureau of Labor Statistics. That was up slightly from 4.9 million openings reported in December. Job openings have increased over the past year, with most showing up in professional and …

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Traders work on the floor of the New York Stock Exchange.

More economists believe the Federal Reserve’s policy is on the right track, but they offer differing opinions when it comes to determining the appropriate path for the central bank, according to a survey released Monday. The National Association for Business Economics’ policy survey found that 58 percent of economists believe the Fed‘s approach is “about …

Randall Hill | Reuters
A worker installs brake cables at the Bicycle Corporation of America plant in Manning, South Carolina.

Job creation boomed in February by 295,000 despite the brutal winter conditions, and the unemployment rate dropped to 5.5 percent, the Labor Department said Friday. Despite the strong month, the picture was essentially the same for the American worker: Pay rose just 3 cents an hour, representing a 2.0 percent annualized gain as wage inflation …

U.S. economy remains resilient

The Federal Reserve says the U.S. economy is continuing to expand across most of the country.

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Even as oil prices fall back below $50 a barrel, gas prices are going in the other direction. Jackie DeAngelis explains why.

Kevin Lamarque | Reuters
Janet Yellen

Fed Chair Janet Yellen described how the central bank’s rate-setting policy committee will likely proceed in coming months— an effort to increase the Fed’s flexibility and mute any potential market reaction as the central bank approaches its liftoff date for rate increases. Her remarks struck a decidedly dovish tone in indicating that it would be …

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West Coast dockworkers and their employers have not yet reached a labor deal, a source close to the talks said Friday, shooting down earlier reports to the contrary. The Journal of Commerce reported early Friday that there was a deal, though the well-respected industry publication took the story down minutes later. Any arrangement would end …