Business

A worker installs a roof on a home being built in San Diego in 2017. The housing market has been softening, with sales of new single-family homes falling in October to the lowest level in more than 2 1/2 years.

Economy

Job Market Looks Healthy Despite Other Signs Of Trouble For The Economy

4:20pm December 06, 2018

by Avie Schneider

Private analysts forecast that the U.S. unemployment rate remained at a nearly 50-year low of 3.7 percent in November and that the economy added 190,000 jobs. That's below October's gain of 250,000.

In a speech to the Economic Club of New York on Wednesday, Federal Reserve Chairman Jerome Powell said interest rates are just below the range of estimates that would be "neutral" for the economy.

Economy

The Fed's Mistake?

4:05pm December 06, 2018

by Cardiff Garcia

For years after the Great Recession, the Federal Reserve kept short term interest rates near zero percent. It began raising rates in 2015 — but did it jump the gun.

Kathy Kraninger listens during a Senate Banking Committee confirmation hearing in Washington, D.C., in July. On Thursday, she won Senate confirmation to run the Consumer Financial Protection Bureau.

Senate Confirms Kathy Kraninger As CFPB Director

3:32pm December 06, 2018

by Emily Sullivan

The White House official has been confirmed as the Consumer Financial Protection Bureau's new chief over objections by critics who highlighted her lack of experience in consumer protection.

Millions of internal files from Mossack Fonseca, a law firm headquartered Panama, were leaked in 2016, prompting investigations by journalists and subsequent charges by prosecutors.

Prosecutors File First U.S. Charges Stemming From 2016 Panama Papers Leak

2:42pm December 06, 2018

by Sasha Ingber

U.S. Attorney Geoffrey S. Berman says the defendants "had a playbook to repatriate un-taxed money into the U.S. banking system."

Rush hour on Interstate 10 in El Paso, Texas. A federal report suggests America's interstates are worn, overused and highly congested. It also recommends billions of dollars in fixes.

National

More Potholes, Traffic Jams On The Horizon Unless Interstates Are Fixed, Report Finds

2:37pm December 06, 2018

by David Schaper

A federal report suggests America's interstates are worn, overused and highly congested. It also recommends billions of dollars in fixes.

Visitors pass a Huawei marquee in Barcelona during the Mobile World Congress last year. The daughter of the Chinese telecommunications giant's founder was arrested Saturday in Canada on U.S. request, in a move that threatens to inflame U.S.-China trade te

Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions

1:18pm December 06, 2018

Canadian authorities have arrested Meng Wanzhou, the company's CFO and daughter of its founder, at the request of the U.S. And Chinese officials have made quite clear they're not happy about it.

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Chapter 11 Bankruptcy Paperwork Filed For USA Gymnastics

6:48am December 06, 2018

by Alexandra Starr

USA Gymnastics has filed for bankruptcy. It's the latest move for the beleaguered organization following a wide-ranging sexual abuse scandal involving athletes and a former team doctor.

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Economy

What Is Inflation Targeting And Why Does It Matter?

6:13am December 06, 2018

by Darian Woods

There's a number you could call the most important number for the economy. It's the Federal Reserve's inflation target. The story of how it came to be is a bit random, and begins in New Zealand.

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World News

After Arrest In Canada, Huawei Executive Faces Extradition To U.S.

6:10am December 06, 2018

by Rob Schmitz

At the request of the U.S. government, Canadian authorities have arrested the chief financial officer, who also is the daughter of the founder of Chinese telecommunications giant Huawei.

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News Brief: Huawei CFO, USA Gymnastics, Hurricane Damages Puerto Rican Tombs

5:43am December 06, 2018

Canadian authorities arrest the CFO of one of China's largest companies. The organization overseeing U.S. gymnastics files for bankruptcy. A Puerto Rican cemetery remains closed after Hurricane Maria.

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