Economic-Indicators

Financials Help Limit Losses from Tech Decline

Apple dragged down U.S. stocks after EU antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government, but a gain in financial stocks limited the impact.

Iowa at center of debate over 'shadow insurance' deals

For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off their balance sheets.

Race for Facebook data center raises tax-break questions

The race between a small town on the Rio Grande in New Mexico and a Salt Lake City suburb to entice a new Facebook data center with millions of dollars in tax breaks and subsidies is raising questions about public investments in a booming cloud-computing economy that typically brings few local jobs.

Consumer Spending Rose 0.3% in July

U.S. consumer spending increased for a fourth straight month in July amid strong demand for automobiles, pointing to a pickup in economic growth that could allow the Federal Reserve to raise interest rates this year.

Pokemon doughnuts, exercise classes tap game's popularity.

Weeks into the "Pokemon Go" craze, demand remains strong for "Poke Ball"-shaped treats made by a high-end doughnut company, one of many businesses and organizations coming up with creative ways to lure players in their search for the elusive "pocket monsters." Even on sweltering summer days, the popular smartphone game has gotten throngs of players out of their homes to real-world locations designated as "PokeStops" and "Gyms." Theme parks, bars and even a county animal shelter are among those trying to capitalize on that surge in foot traffic.