Drivers can expect to pay more at the gas pump when they hit the road for Labor Day weekend. Devastating floods unleashed by Hurricane Harvey have taken more than 10% of the nation’s oil-refining capacity offline, which means less fuel available during one of the busiest travel weekends of the year. The storm itself has weakened, but the flooding along the Texas and Louisiana coasts is still worsening, which means it’s too early to say when the region’s refineries can return to normal operations.
The cost of living in the United States rose by less than expected in July, a Labor Department report showed Friday.
Despite a pickup in exports, the deficit on trade continues to run well above last year’s levels as U.S. consumers buy up foreign-made goods, from cars to cellphones. For 2017 as a whole, the gap will widen by 4% after back-to-back $500-billion deficits in 2015 and 2016, which is certain to aggravate global trade tensions.
After a full year of sliding profits and stock prices, retail giant Target Corp. has announced a cut in pay for its CEO, Brian Cornell.
ATLANTA (AP) — United Parcel Service Inc. is reporting first-quarter net income of $1.16 billion.
For the past two years, airline executives have done their share of groveling before analysts, vowing to be more humble in their ambitions to control the skies so as not to deluge the market with additional service when demand isn’t there.
President Trump plans to sign an executive order on Tuesday meant to rein in abuses in a visa program that lets some companies replace American workers with foreign ones.
LONDON, April 13 (Reuters) – The U.S. dollar and Treasury yields slid on Thursday and were on track for their biggest weekly declines this year, after U.S. President Donald Trump said that he would like to see interest rates stay low and that the greenback was too strong.
Shares of United Airlines (UAL) were down as much as 4.3% in trading on Tuesday after video surfaced Monday of a passenger being forcibly removed from a flight over the weekend.
US consumer confidence spiked to a 16-year high in March, according to the Conference Board’s monthly survey.