Northwest Wildfires 2014: Federal Money To Fight Fires Is Running Out Despite Cost-Saving Prisoners Used As Firefighters
Even using low paid prisoners as firefighters, the U.S. government is running out of money budgeted to fight northwest wildfires.
The World’s Wealthiest 1 Percent Are Richer Than We Thought
The world’s richest 1 percent owns more wealth than economists previously thought, depriving countries of billions in tax revenue.
Ebola Virus Drug Developed With Funding From Same US Defense Department Group Behind The Internet And The Stealth Fighter Jet
The Ebola virus drug used to treat two Americans is being funded by the same U.S. government program that brought you the Internet.
Tesla Model X Will Make The Tesla Model S Look Like Chopped Liver, Morgan Stanley Analyst Says
Tesla stock rose Wednesday after an analyst predicted that the upcoming Model X from the company run by Elon Musk will likely be Tesla Motors' biggest success.
Tesla Motors Settles Trademark Dispute With China
A Chinese businessman registered rights to Tesla's name before Tesla entered the Chinese market in April.
Larry Summers Can't Figure Out When We'll Get Growth Back To Sustainable Levels
The former treasury secretary said even during the bubble leading up to the recession, growth was merely adequate.
US Economy Growing Faster Than Expected As Americans Bought Fewer Foreign Electronics, Oil And Cars
Imports of oil, cell phones, computer accessories and other foreign-made products fell to a five-month low in June.
US Services Sector Grew At Fastest Pace In July Since 2005
The ISM Non-manufacturing Index shows the U.S. services sector, 68 percent of GDP, grew at its fastest pace in July since 2005.
Americans' Confidence In The US Economy Slipped In July To Lowest Since March
Nearly 60 percent of Americans think the U.S. economy is getting worse.
Experimental Ebola Drug Made From Tobacco Plants Seems To Be Curing American Patients
An experimental, little-tested drug made from tobacco plants appears to be saving two Americans infected with Ebola.
Gold Price Will Pass $1,400 This Year As US Inflation Rises, USAGOLD Analyst Says
The gold dealer USAGOLD says gold prices will rise even if the Fed raises interest rates.
US Poverty Growing Faster In Suburbs Than Big Cities
The number of Americans living in poor neighborhoods grew three times faster in suburbs than cities in the 2000s.
What The Average American Spends Every Day In Walking Around Money Will Surprise You
Americans earning more than $90,000 a year led a rise in daily consumer spending in July, while middle- and low-income Americans spent less.
Russia Sanctions: Germany, Others Suggest EU Buy Out French Warships Contract From Russia
France's plans to deliver two warships to Russia may change after pressure from the U.S. and EU to punish Russia over Ukraine.
General Electric To Invest $2 Billion In Africa By 2018
American and African economists, politicians, business and nonprofit leaders are convening this week to discuss Africa's economic growth.
US Durable Goods Report Bodes Well For Second-Half Economic Growth
Although U.S. manufacturing jobs account for only about 8 percent of the American labor market, the sector is a major bellwether for the economy.
Chinese Manufacturing Expands At Quickest Pace In 18 Months
China's factories received more new orders in July than economists expected.
US Jobless Claims Fall To 8-Year Low
The number of Americans applying for unemployment benefits fell last week to the fewest since February 2006.
Housing Recovery Cooled In June With US New Home Sales Off 8.1%
Sales of new homes rose by nearly 20 percent in May.
Good News For American Workers In Latest Inflation Report: 'Goldilocks' Numbers Are Not Too Hot Or Too Cold
The latest numbers suggests a modest and sustainable pace of economic expansion that should see continued job growth.
US Food Prices Rose In June At Slowest Pace Since January
Food prices have been on the rise from extreme weather this spring.
China's Debt, At 250% Of GDP And Rising, Flashes Warning Signs
The world's second-largest economy is expanding credit faster than production.
Russia's Having Trouble Selling Bonds As Ukraine Adventure Prompts Auction Cancellation
Borrowing costs in Russia reached a two-month high Monday.
Consumers Paying More While Wages Remained The Same In June: Labor Department
Household budgets are getting squeezed as prices for goods and services are rising a bit faster than incomes.
Peeping OB-GYN To Cost Baltimore's Johns Hopkins Hospital $190M In Settlement
A doctor who had practiced for 25 years was found to have secretly filmed his patients during pelvic exams.
Francois Hollande Says Warship Contract Will Depend On Russia's Attitude
French President Francois Hollande says Russia's attitude will determine whether France delivers contracted warship.
Russian Billionaires Have Lost More Than $14B Since January
In comparison, American billionaires have gained more than $56 billion this year.
US Job Growth Shines In California, Texas And Florida, Lags In New England States
All four major regions of the United States added more jobs in June than their averages of the past year, a monthly report by employee benefits firm ADP indicates.
Arabtec Worries Hammer Dubai Stock Market To Lowest In A Month, Ownership Of Giant Construction Company Unclear
One of the Middle East's largest builders accounts for 5 percent of Dubai's stock market.
Russian Sanctions Prompt Steelmaker Severstal To Sell US Facilities
The sale comes as a new wave of sanctions raise concerns about Russian-American business financing.