Tag Archives: MoneyWatch

For 26 years, Ernest Ray worked at a company in southwest Virginia that made compressors, in a physically demanding job that involved night shifts on a factory floor. When the plant closed in 2018, Ray applied for and received about $9,000 in unemployment benefits. Three years later, Ray is fighting …

Americans largely shrugged off higher prices last month and stepped up their spending at retail stores and online, providing a boost to the economy. Retail sales rose a seasonally adjusted 1.7% in October from September, the U.S. Commerce Department said Tuesday. That’s up from 0.8% in the previous month. “Today’s stronger-than-expected …

The Justice Department is suing to block a $2.2 billion book publishing deal that would have reshaped the industry, saying consolidation would hurt authors and, ultimately, readers. German media giant Bertelsmann’s Penguin Random House, already the largest American publisher, wants to buy New York-based Simon & Schuster, whose authors include …

Democrats are considering a new tax on billionaires that would help fund their proposed $3.2 trillion social spending package. Although some critics of the plan say it opens the door to tax hikes on a broader swath of Americans, the proposal would only impact taxpayers with more than $1 billion …

Moline, Illinois — More than 10,000 Deere & Co. workers went on strike Thursday at midnight after “the company failed to present an agreement that met our members’ demands and needs,” The United Auto Workers union said in statement. The union had said its members would walk off the job …

The city of Portland, Oregon’s plan to boycott Texas goods and services over its new abortion law could cost Texas companies millions of dollars a year, officials said Tuesday. Heather Hafer, a spokeswoman with the Office of Management and Finance, said Portland has inked almost $35 million in contracts with …

Fox Media has applied for a trademark on the catchhrase “OK boomer,” the viral retort used by teens and young adults to mock baby boomers. The trademark application says Fox plans to use the phrase for an “an on-going television series featuring reality competition, comedy and game shows.” Started on …