WASHINGTON (AP) — An uptick in consumer spending helped the nation’s economy expand at a 3.8 percent rate from April through June, the government reported in an upgrade of its previous estimate of second-quarter growth. The country’s gross domestic product — the nation’s output of goods and services — rebounded in the spring from a [...]
Sales of previously occupied homes rose 1.8 percent last month compared to August of last year, according to the National Association of Realtors, but through the first eight months of this year, home sales are down 1.2 percent compared to the same period last year. Sales last month slipped 0.2 percent from July even as [...]
Boeing’s stock climbed this week after the American aerospace giant announced a significant jetliner order from Uzbekistan and as optimism builds around a potentially larger aircraft sale to China. David Perdue, the United States ambassador to China, said he thinks negotiations over a possible deal involving Boeing and China are likely in their “final” days [...]
The Trump administration wants to redistribute $2.4 billion it pulled from California’s high-speed rail project to help pay for a new $5 billion program announced earlier this week to fund rail projects designed to boost passenger rail traffic nationwide. The new program will put a priority on projects in areas with higher rates of birth [...]
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell earlier this week signaled a cautious approach to future interest rate cuts, in contrast with other Fed officials this week who have called for a more urgent approach. In remarks in Providence, R.I., Powell noted that there are risks to both of the Fed’s goals of seeking [...]
The leader of the largest multimedia rights holder in college athletics said he is confident sponsor patches will begin appearing on team jerseys sooner than later with schools under pressure to find new ways to make money in the new era of revenue-sharing with athletes. Learfield President and CEO Cole Gahagan said the 67 power-conference [...]
MIAMI (AP) — Hundreds of federal employees who lost their jobs in Elon Musk’s cost-cutting blitz are being asked to return to work. The General Services Administration has given the employees — who managed government workspaces — until the end of the week to accept or decline reinstatement, according to an internal memo obtained by [...]
Spirit Airlines plans to furlough 1,800 flight attendants before the end of the year, the cash-strapped budget carrier said. The company said it made the “difficult decision” to put cabin crew members on temporary leave to match staffing needs with expected flight demand during Spirit’s second bankruptcy in a year. “We recognize the impact of [...]
NEW YORK (AP) — Tariffs and years of teetering mall traffic have roiled much of the toy industry, but Build-A-Bear investors are continuing to reap sizeable gains. Shares of Build-A-Bear Workshop are up more than 60 percent since the start of 2025, trading at just under $72 apiece. That compares to just 13 percent for [...]
NEW YORK (AP) — Plans to build the Big Apple’s first full-service casino in the heart of the city have run out of luck. A local panel this week rejected the last of three Manhattan proposals that had been among those vying for a new state license to operate a Las Vegas-style casino in the [...]