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News
This activewear brand says tariffs are still taking a toll
6+ day, 21+ hour ago (162+ words) Nate Axvig estimates his company has paid $27,000 in tariff fees, and has received just $3,000 back in refunds. Nate Axvig and his wife Leslie own Aktiv, a Scandinavian activewear brand based in Denver, Colorado. Last year, the company faced thousands of…...
Why more Americans are vacationing in Europe
1+ week, 2+ day ago (135+ words) In recent years, American tourists have flocked to Europe. Portugal and Greece in particular have seen a lot of growth. According to recent reports, Americans account for 15% of all luxury spending in European countries. And despite many countries dealing with…...
Jobs are steady. Prices are high. What will the Fed do?
1+ week, 2+ day ago (188+ words) The labor market got a good report card for August, but inflation remains high. That complicates the Federal Reserve’s decision-making process. There are two sides to the Federal Reserve’s dual mandate: stable prices and maximum employment. And today, the maximum…...
Many U.S. farmers rely on old machinery to get by
1+ week, 3+ day ago (957+ words) A tough farm economy and historically high equipment prices are partly to blame. This story was first published by Harvest Public Media. Knee-high soybeans cover hundreds of acres of Kellogg Family Farms, and century-old barns dot the homestead. But the…...
For this Mississippi barge line, labor is more of a concern than tariffs
1+ week, 5+ day ago (261+ words) Austin Golding, CEO of Golding Barge Line, talks about how his business is juggling a changing labor market amid tariffs and a tight oil market. Conversations around the oil industry tend to focus on the places that produce it and…...
The labor market in July showed very little movement
1+ week, 5+ day ago (410+ words) For every job seeker, there are 1.05 jobs available. The number of job openings in the U.S. didn’t change a whole lot last month, according to the fresh Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics. The JOLTS…...
What Akron's tire collapse can teach us about the AI economy
2+ week, 5+ day ago (614+ words) In Akron, Ohio — once the tire capital of the world — the collapse of the rubber industry offers a stark preview of what AI-driven job losses could mean for government tax revenue. Downtown Akron’s history center holds a lot of mementos…...
Why Americans are saving less money than they did in the '60s and '70s
3+ week, 2+ day ago (1002+ words) The personal savings rate is currently just 2.7%, much lower than it was in decades past. This is just one of the stories from our “I’ve Always Wondered” series, where we tackle all of your questions about the world of business,…...
The Fed's preferred measure of inflation is changing
3+ week, 3+ day ago (317+ words) Methodology changes to PCE are coming right as the central bank makes critical decisions about interest rates. The personal consumption expenditures index for July, out next week, will be the last PCE report of its kind. The Bureau of Economic…...
Mexico launches its own electric car to show it can do more than build for other countries
3+ week, 5+ day ago (596+ words) The Mexican government has launched its own line of electric vehicles, with technology from China under the hood. Mexico has long been known as a factory floor for the global auto industry, and this status has only grown in recent…...