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Unemployment Rate Falls to 16-Year Low, But Hiring Slows

Unemployment Rate Falls to 16-Year Low, But Hiring Slows
Written by Ruvell Harris on 2017-06-04


WASHINGTON—The unemployment rate fell to its lowest level in 16 years in May, a fresh sign the slow and long-running U.S. economic expansion has entered a new stage that has left businesses struggling to find qualified workers. At 4.3%, the jobless rate is at point it hasn’t seen since May 2001, the Labor Department said Friday, and is below the trough it reached in the previous economic...(Read More)

Donald Trump Seeks to Mute Outcry from Firing of James Comey

Donald Trump Seeks to Mute Outcry from Firing of James Comey
Written by Ruvell Harris on 2017-05-11


WASHINGTON—President Donald Trump weighed in publicly for the first time on his firing of James Comey, saying on Wednesday that the FBI director “wasn’t doing a good job.” His comments were part of an effort by the White House to explain and elaborate on the reason the president abruptly fired Mr. Comey on Tuesday, a move that has prompted the president’s critics to claim he is seeking...(Read More)

Donald Trump Gambles on Big Health-Care Victory

Donald Trump Gambles on Big Health-Care Victory
Written by Ruvell Harris on 2017-05-02


WASHINGTON—The White House is pursuing a twisting path in Congress this week, yielding to Democratic demands on a major spending bill while aggressively pushing a partisan health-care measure, gambling on a big win on health but risking setbacks on both fronts. House GOP leaders hope to corral enough votes on health care by Thursday, since Congress departs for recess next week and Republicans...(Read More)

U.S. GDP Growth Slowed on Tepid Consumer Spending

U.S. GDP Growth Slowed on Tepid Consumer Spending
Written by Ruvell Harris on 2017-04-30


The U.S. economy stumbled during the first months of the year, as consumers reined in spending despite a rise in household confidence and a surge in stock prices that greeted the inauguration of President Donald Trump. Gross domestic product, a broad measure of national output, grew at a 0.7% annual rate in January through March, the slowest pace of expansion in three years, the Commerce...(Read More)

Tech Giants Alphabet and Amazon Extend Earnings Boom

Tech Giants Alphabet and Amazon Extend Earnings Boom
Written by Ruvell Harris on 2017-04-28


Amazon.com Inc. and Google parent Alphabet Inc. reported booming quarterly sales and profits, showing that the tech giants continue to extend their dominance and shuck off concerns that might have dampened growth. Alphabet on Thursday said net profit in the latest period grew 29%, with no indications yet of an impact from a backlash that began late in the quarter from advertisers worried...(Read More)

Trump Plans to Seek Tax Rate of 15% on Owner-Operated Companies

Trump Plans to Seek Tax Rate of 15% on Owner-Operated Companies
Written by Ruvell Harris on 2017-04-26


WASHINGTON—President Donald Trump on Wednesday is planning to unveil a proposal to cut corporate taxes on U.S. companies’ foreign profits and to slash the top tax rate on so-called pass-through businesses, including many owner-operated companies, to 15% from 39.6%, said White House officials familiar with the planning. Mr. Trump also plans to include a tax break for child-care expenses,...(Read More)

Donald Trump’s Push for Border-Wall Funding Muddies Budget Talks

Donald Trump’s Push for Border-Wall Funding Muddies Budget Talks
Written by Ruvell Harris on 2017-04-23


WASHINGTON—Less than a week before the federal government could run out of money, White House officials said President Donald Trump wants any spending deal to include some funding for a border wall, despite little appetite among congressional Republicans for risking a partial shutdown over the issue. The administration’s last-minute push, voiced on Sunday talk shows and by the president...(Read More)

Trump Administration Won

Trump Administration Won't Waive Sanctions for Oil Project Exxon Planned in Russia
Written by Ruvell Harris on 2017-04-21


WASHINGTON—President Donald Trump, whose family and political aides have faced scrutiny over their ties to Russia, rejected a bid by Exxon Mobil Corp. to sidestep U.S. sanctions against Moscow and resume an oil venture with a politically powerful Russian energy firm. The announcement Friday comes as the White House pushes to firm up the president’s foreign-policy and domestic agenda as...(Read More)

Goldman Misses Big on Trading, Trails Rivals Badly

Goldman Misses Big on Trading, Trails Rivals Badly
Written by Ruvell Harris on 2017-04-19


...(Read More)





Yoozpaper is a social network of online newspapers written by individuals or groups. Yoozpaper takes free articles that members write and formats them as an online newspaper.

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