US economy

Most recent

• Detroit bankruptcy trial suspended until next week amid settlement talks

  10 Sep 2014: Judge postponed trial to give lawyers enough time to work out details of settlement to satisfy major creditor opposed to city’s plan

• Nevada considers $1.3bn tax break for Tesla Motors to build battery factory

  10 Sep 2014: Controversial tax break legislation draws criticism from both parties after Tesla picks state for its $5bn factory

• Cuba estimates US embargo has cost island $116.8bn in damages in 55 years

  9 Sep 2014: The figures were published in a report that Cuba prepares for the United Nations each year in requesting a resolution

• Trump Entertainment Resorts file for bankruptcy in blow to Atlantic City

  9 Sep 2014: The company owns Trump Plaza, closing in a week, and the Taj Mahal which could close on 13 November

• RBS's US arm 'could be worth $14bn'

  8 Sep 2014: Bailed-out bank, whose shares have slid amid growing support for Scottish independence, to initially sell 25% of Citizens

• Widening gap between US rich and poor is unsustainable, says study

  8 Sep 2014: Harvard study says income gap situation unlikely to improve soon but results mark improvement from 2012

• US job growth slows to its lowest level this year

  5 Sep 2014:

  Analysts surprised by dip after figures over previous 12 months had risen by average of 212,000 jobs a month

• US adds just 142,000 jobs in August to end streak of bigger gains

  5 Sep 2014: US unemployment rate drops to 6.1% but analysts had expected a monthly tally of more than 200,000 jobs

• Do fast-food strikes actually work?

  4 Sep 2014: Evidence shows that the fast-food strikes are working not just to increase wages, but to reinvent unions and bolster long-dwindling membership
  

• Atlantic City casino closings lead to mass unemployment filing

  3 Sep 2014: Thousands of laid-off dealers, cocktail servers and other workers expected to turn out in New Jersey for mass filing
  

• It's time to raise the minimum wage. If Congress would rather suck up to the Koch brothers, we'll raise it anyway

  2 Sep 2014: Sarah Jaffe: As long as politicians see billionaires as their base, they won’t vote for $10 an hour. So workers have taken matters into their own hands

• Fast food workers plan biggest US strike to date over minimum wage

  2 Sep 2014: Workers from McDonald’s, Burger King and other chains to hold walkout protest on Thursday as battle to unionise escalates

• Detroit on track to exit bankruptcy in record time

  31 Aug 2014: Confirmation trial for largest municipal bankruptcy in US history scheduled to start Tuesday, with debts set to be cut to $5bn

• Russia and economic warfare: RIP the free market new world order

  31 Aug 2014:

  Larry Elliott: Russia faces damaging economic sanctions from the US and EU, but this also brings down the final curtain on capitalism's apparent victory in 1989

• US government helpless as tax-avoiding firms head for the exit

  31 Aug 2014:

  Business leader: The controversial 'inversion' deal Burger King is attempting even has the approval of Warren Buffett, America's best-loved investor

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