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US weekly requests for jobless aid down 12,000 to 232,000
Fewer Americans applied for jobless aid last week, as the number of people seeking benefits remained close to historic lows. The Labor Department says that weekly unemployment applications fell by 12,000 to a seasonally-adjusted 232,000. It was the largest decline since mid-July. The less volatile four-week average slipped 500... Read more
US demands big NAFTA changes, setting stage for tough talks
The top U.S. trade negotiator says that the United States won’t settle for cosmetic changes to the North American Free Trade Agreement as negotiations to rework terms of the pact began. President Donald Trump has called the 23-year-old trade pact the “worst” in history. In a statement Wednesday, U.S.... Read more
Mazda is recalling nearly 80,000 cars and SUVs, some for a second time, to replace dangerous Takata air bag inflators. The recall covers front passenger inflators on certain 2007 through 2009 and 2012 CX-7, CX-9 and Mazda 6 vehicles. The recalls vary by state and age of the vehicles.... Read more
Asian stocks rise after Koreas, US make diplomatic overtures
Asian shares rose Tuesday as both Koreas and the U.S. appeared to indicate a willingness to defuse the crisis over Pyongyang’s nuclear program. A rally on Wall Street fueled by gains in technology shares also helped. KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 1.1 percent to 19,753.31. Australia’s S&P/ASX... Read more
China to cut off North Korean imports under UN sanctions
China announced Monday it will cut off imports of North Korean coal, iron ore and other goods in three weeks under U.N. sanctions imposed over the North’s nuclear and missile programs. China, the isolated North’s main trading partner, has been reluctant to push leader Kim Jong Un’s regime too... Read more
Asian stocks lower as US-North Korea nuclear tensions rise
Asian stock markets slid Wednesday after President Donald Trump and North Korea traded threats over the North’s nuclear program and Wall Street declined overnight. KEEPING SCORE: Tokyo’s Nikkei 225 tumbled 1.3 percent to 19,740.12 and Seoul’s Kospi fell 0.8 percent to 2,375.88. The Shanghai Composite Index lost 0.2 percent... Read more
2 key questions July’s jobs report raises
The U.S. economy added 209,000 jobs in July according to the Labor Department, well above the expected gain of 180,000. The unemployment rate, now at a 16-year low, was little changed at 4.3 percent. U6 – a broader measure of our unemployment – was steady at 8.6 percent. June’s... Read more
U.S. employers added 209,000 jobs in July, a second straight month of robust gains that underscore the economy’s vitality as it enters a ninth year of expansion. The unemployment rate slipped to 4.3 percent from 4.4 percent, matching a 16-year low first reached in May, the Labor Department said... Read more
Toyota, Mazda plan $1.6 billion US plant, to partner in EVs
Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. plan to spend $1.6 billion to build a joint-venture auto manufacturing plant in the U.S. — a move that will create up to 4,000 jobs, both sides said Friday. The plant will have an annual production capacity of about 300,000... Read more
Federal agency calls on air ambulance industry to increase transparency in pricing
The air ambulance industry should consider disclosing pricing information to consumers, hospitals and insurance companies to prevent people being blindsided by bills that can have “potentially devastating financial impacts,” according to a new government report. The report, released last week by the nonpartisan Government Accountability Office, studied the prices... Read more