By Joseph Lawler | 02/25/14 05:20 PM
Robots aren't coming for our jobs, but they're probably lowering our wages. That's the takeaway from a new survey of top academic economists conducted by the Initiative on Global Markets Forum, affiliated with the University of Chicago's Booth School of Business.
02/25/14 05:15 PM
JPMorgan Chase plans to eliminate 8,000 jobs this year as its mortgage business shrinks and the giant bank aims to control costs at its branches. About half of those job cuts had already been announced. JPMorgan Chase now plans to cut more jobs — about 3 percent of its workforce of 251,000...
By Bloomberg News | 02/25/14 05:08 PM
Treasuries rose and the Standard & Poor's 500 Index retreated after touching an intraday record Monday on signs U.S. consumer confidence is flagging. The yen gained amid concern a weaker Chinese yuan will hurt growth while natural gas led commodities lower. Yields on 10-year Treasuries...
02/25/14 05:00 PM
NEW YORK (AP) — Stocks were unable to find any momentum on Tuesday. The market drifted between gains and losses throughout the day, then headed steadily lower in the last hour of trading. Investors found some solace in strong results from Home Depot and Macy's. The enthusiasm was not enough,...
By Bloomberg News | 02/25/14 02:05 PM
The Senate probably will delay until late March a vote on a proposal to raise the U.S. minimum wage to $10.10 an hour, said bill sponsor Senator Tom Harkin, an Iowa Democrat. The delay until senators return March 24 from a week-long break provides more time for labor unions to organize support...
By Bloomberg News | 02/25/14 01:27 PM
Consumer confidence fell more than forecast in February as growing concern about the U.S. economy's direction outweighed improving perceptions of its current state. The Conference Board's index decreased to 78.1 from a revised 79.4 in January that was weaker than initially estimated, the New...
By Joseph Lawler | 02/25/14 01:06 PM
A Tokyo-based exchange called Mt. Gox suspended trading and went offline Monday as evidence appeared to suggest that it was insolvent and unable to repay customers with accounts worth in the hundreds of millions.
By Bloomberg News | 02/25/14 12:57 PM
The biggest U.S. banks and insurance companies would have to pay a quarterly 3.5 basis-point tax on assets exceeding $500 billion under a plan to be unveiled this week by the top Republican tax writer in Congress. The proposal by Rep. Dave Camp, chairman of the House Ways and Means Committee,...
02/25/14 12:15 PM
BEIJING (AP) — Global stocks were mostly lower Tuesday amid jitters about China's housing market and a surprise drop in a key measure of U.S. consumer confidence. Markets were earlier rattled by a deceleration in Chinese housing price increases in January and weakness in the currency, which...
By Meghashyam Mali | 02/25/14 12:08 PM
Vice President Joe Biden on Tuesday denied that Obamacare would cost many Americans their jobs, insisting that it gave workers, in particular women, more employment freedom.
By Joseph Lawler | 02/25/14 12:00 PM
Volunteering fell to the lowest rate in 2013 since the government has been measuring it, the Bureau of Labor Statistics reported Tuesday. Roughly 62.6 million Americans volunteered through or for an organization at least once between September 2012 and September 2013, according to the BLS, or...
By Joseph Lawler | 02/25/14 10:53 AM
Housing prices continued their upward climb through December, according to the S&P/Case-Shiller housing price index released Tuesday that showed 0.8 percent month-over-month growth. Although that rate was slightly slower than in the previous month, it beat analysts' expectations and...
By Mona Charen | 02/25/14 09:23 AM
The energy boom in the U.S. is a job creator, a boon to our friends (like Canada, Britain and Israel -- also poised to exploit the new technologies) and a setback for our adversaries.
By Raphael Satter | 02/25/14 09:20 AM
A major bitcoin exchange has gone bust after secretly racking up catastrophic losses, other virtual currency companies said Tuesday — a potentially fatal blow for the exotic new form of money.
By Christopher S. Rugaber | 02/25/14 08:58 AM
The Standard & Poor's/Case-Shiller 20-city home price index declined 0.1 percent from November to December, matching the previous month's decline. The index is not adjusted for seasonal variations, so the dip partly reflects slower buying as winter weather set in.
By Ashe Schow | 03/10/14
By Ashe Schow | 03/10/14
By Byron York | 03/10/14
By Michael Barone | 03/10/14
By Susan Ferrechio | 03/11/14