The Federal Reserve described economic activity as āstrongā in a statement Aug. 1, the first time it has done so since it called it āquite strongā in May 2006 ā in the late stages of the last economic expansion, shortly before the housing market drove the economy into meltdown.
August 2, 2018Search
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China Says US Tariff Threat Runs Against Trend of the Times
BEIJING ā Chinaās foreign minister said Aug. 1 that U.S. threats to hike tariffs run against the trend toward globalization and will hurt U.S. businesses and consumers.
August 2, 2018Trump Administration Cites Safety to Freeze Mileage Standard
WASHINGTON ā The Trump administration says people would drive more and be exposed to increased risk if their cars get better gas mileage, an argument intended to justify freezing Obama-era toughening of fuel standards.
August 2, 2018Spending on Future Tech Eats Into BMW Profits
FRANKFURT, Germany ā BMWās profit fell 6% in the second quarter as it spent more on developing new technologies for electric, autonomous and digitally connected automobiles, the luxury carmaker said Aug. 1.
August 2, 2018Companies Continue to Search Supply Chains for Conflict Minerals
For the past five years, public firms across the United States have been searching out their supply chains for āconflict mineralsā used to fund armed conflicts in Central Africa.
August 1, 2018Andrew Wheelerās Reversal on Glider Order Earns Democratic Praise
WASHINGTON ā A recent move by the acting U.S. EPA administrator to reverse his predecessorās order on an Obama-era rule on glider kits for trucks earned him praise from the top Democrat on the Senate Environment and Public Works Committee.
August 1, 2018ATRIās Updated Crash Predictor Model Sheds Light on Driver Behavior
Violations for reckless driving and failure to yield right of way are the top two behaviors for predicting future crash involvement, according to analysis yielded from the American Transportation Research Instituteās updated Crash Predictor Model.
August 1, 2018New Jersey DOT Announces $47 Million for County Bridge Maintenance Projects
The New Jersey Department of Transportation announced July 31 that more than $47 million in grants has been issued for county bridge maintenance projects.
August 1, 2018US Construction Spending Fell 1.1% in June
WASHINGTON ā Spending on U.S. construction projects fell 1.1% in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years.
August 1, 2018US Factories Grew at a Slower Pace in July
WASHINGTON ā U.S. factories grew at a slower pace in July, but American industry remains healthy despite growing concern about trade conflicts.
August 1, 2018