Digital technology shortens the time it takes to put a prototype on the web from half a year to just a week, tearing up the old business model.
u.s. economy
Posted inBusiness, Nation & World
Federal Reserve chair calls decline in worker share of profits ‘very troubling’
Average hourly wages for most American workers have been stalled – and by at least one measure, have fallen when accounting for inflation.
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Posted inBusiness, Nation & World, Politics
Trump angry at OPEC, wants lower oil prices
But at the same time, he wants countries around the world to stop buying Iranian crude oil. Those goals are in conflict.
Posted inBusiness, Nation & World
Consumer boycotts of U.S. brands in China could backfire
If President Xi uses them as a trade war weapon, he would be risking collateral damage at home because so many companies are partly owned by Chinese firms.
Posted inBusiness
Toys R Us closing last U.S. stores by Friday
The chain had poor sales during the critical holiday season as customers and vendors shied away.
Posted inBusiness, Nation & World, News
First quarter GDP revised down to lackluster 2 percent
The Commerce Department releases its final gross domestic product estimate, and it is weaker than previously thought.
Posted inBusiness, Nation & World
EU prepares to slap tariffs on American products
And the highest-stakes fight still looms if the conflict beween the U.S. and China escalates.
Posted inBusiness, Nation & World
Some places will pay U.S. workers thousands to move there
America’s bidding war for workers is an emerging feature of the increasingly tight labor market.
Posted inBusiness, Nation & World, Politics
Why many Americans are struggling in the middle of a strong economy
The numbers that collectively sketch a picture of a vibrant economy don’t reflect reality for a range of Americans who still feel far from financially secure even nine years into an economic expansion.
Posted inBusiness
Europe, Fed moves show global shift away from cheap money
The European Central Bank and Federal Reserve are deeming it unnecessary to support the economy with policies created in darker days of financial uncertainty.