Business » Finance

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As Robots Take Jobs, Europeans Mull Free Money for All

By John Leicester | Jan 18
The radical notion that governments should hand out free money to everyone - rich and poor, those who work and those who don't - is slowly but surely gaining ground in Europe.

More Pay, Greater Confidence Lifts U.S. Retail Sales 0.6 pct.

By Christopher S. Rugaber | Jan 16
Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and a solid increase in pay.

Who are the 8 Richest People? All Men, Mostly Americans

Jan 16
The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Most are American, with one European and one Mexican in the mix. Several have pledged to give it all to charity.

An American Fault Line: High School-Only Grads Left Behind

By Christopher S. Rugaber | Jan 15
Americans with no more than a high school diploma have fallen so far behind college graduates in their economic lives that the earnings gap between college grads and everyone else has reached its widest point on record.

Millennials Are Falling Behind Their Boomer Parents

By Josh Boak and Carrie Antfinger | Jan 14
With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data.

Liberty Depicted as Black Woman on $100 Gold Coin

Jan 14
The U.S. Mint has unveiled a commemorative $100 gold coin that features an image of Liberty as a black woman.

Chao Says Private Investors Can Help Boost Transportation

By Joan Lowy | Jan 13
The incoming Trump administration is looking to "unleash the potential" of private investors to boost the national transportation networks that underpin the U.S. economy, Transportation Secretary-designate Elaine Chao told lawmakers Wednesday.

World Economic Forum Says Capitalism Needs Urgent Change

By Pan Pylas | Jan 12
Reforming the very nature of capitalism will be needed to combat the growing appeal of populist political movements around the world, the World Economic Forum said Wednesday.

Trump on Border Wall: Mexico Will Pay Us Back

By Erica Werner and Jill Colvin | Jan 9
President-elect Donald Trump on Friday tweeted that Mexico will reimburse American taxpayers for a new border wall and that U.S. money spent will be for the "sake of speed."

Final Jobs Report for Obama Presidency Expected to be Solid

By Christopher S. Rugaber | Jan 8
The last major economic report card for President Barack Obama arrives Friday with the release of the December jobs figures. The report will cap a long record of robust hiring after the Great Recession, though one that left many people feeling left out.

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