Tag Archives: MoneyWatch

U.S. likely to enter a recession within 12 months, economists say

The U.S. is likely to enter a recession sometime next year, forcing employers to cut jobs and causing corporate profits to shrink, according to a new survey of economists. The survey, released Monday by the National Association for Business Economics, found that more than half of respondents said the U.S. is …

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Inflation will crimp many Americans’ holiday travel plans

Inflation could dash some of the holiday cheer for many Americans who plan on traveling to see family and friends this season. Surging gas, airfare and hotel costs are making travelers especially budget-conscious, according to a survey from Bankrate. Americans said they plan to travel shorter distances, spend fewer days …

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Unnecessary meetings can cost big companies $100 million a year, report finds

Large companies could save as much as $100 million a year by holding fewer unnecessary meetings and cutting down on their invite lists, according to a recent study.  A common refrain among workers who were polled as part of the report — produced for meeting note software maker Otter.ai by Steven G. …

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Charter Communications ordered to pay family $1.1 billion over murdered relative

A Texas family has been awarded $1.14 billion in damages against Charter Communications in a lawsuit over the fatal stabbing of their elderly mother and grandmother nearly three years ago.  Dallas County Judge Juan Renteria ordered Charter to pay the family of Betty Jo McClain Thomas in a final judgment …

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Jury selection begins in electric vehicle startup Nikola founder’s fraud trial

Jury selection began Monday in the fraud trial of Trevor Milton, the founder and former executive chairman of Nikola Corp accused of lying about the electric truck startup’s vehicles. Milton was indicted last year on charges of securities fraud and wire fraud. Authorities have accused Milton, of Oakley, Utah, of …

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Thanks to tech, police practice “mass surveillance on a budget” — no warrant required

Local law enforcement agencies from suburban Southern California to rural North Carolina have been using an obscure cellphone tracking tool, at times without search warrants, that gives them the power to follow people’s movements months back in time, according to public records and internal emails obtained by The Associated Press. …

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U.S. economy shrank less than previously estimated, easing recession fears

The U.S. economy shrank at a 0.6% annual rate from April through June, the government said Thursday — a slight upgrade from its initial estimate and a sign that this year’s drop in growth is less steep than originally feared.  Most economists have said they doubt the economy is in, …

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Only one U.S. state has seen rents fall over the past year

Apartment rents continue to climb in states across the U.S. — except one. Even as the rent climbed nationwide in July compared with a year ago, the average cost of a one-bedroom pad in Idaho fell 19%, according to Rent.com. The Gem State was one of the hottest housing markets during …

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Gas prices drop below $4 a gallon for first time since early March

Gasoline prices dipped to just under the $4 mark for the first time in more than five months – good news for consumers who are struggling with high prices for many other essentials. AAA said the national average for a gallon of regular was $3.99 on Thursday. Prices have dropped …

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Stocks fall Tuesday after House Speaker Nancy Pelosi lands in Taiwan

Stocks declined Tuesday after House Speaker Nancy Pelosi landed in Taiwan’s capital of Taipei amid a high-pressure standoff with China. She and other members of Congress were greeted by a contingent of Taiwanese officials on the tarmac.   In a statement shortly after the plane landed, Pelosi said her visit …

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