Unemployment rate plunged to 6.3 percent in April, but teen employment still lags behind pre-recession levels. Why the high teen unemployment rate? Fewer teens want to work, and the ones who do face increased competition from immigrants, retirement-age workers, and even college and high school graduates.
As the NBA begins the likely messy process of forcing Donald Sterling to sell his team after giving him a lifetime league ban and a $2.5 million fine, a big question looms: If the NBA and its owners can get Sterling to sell, who will be the new Clippers owner? Several famous names have already thrown their hats into the ring, including sports superstars, titans of entertainment and business, and a former child actor.
Mercedes-Benz recall involves C300, C300 4Matic, C350, and C63 AMG vehicles with model years between 2008 and 2011. No accidents or injuries have been reported in connection to the Mercedes-Benz recall.
New home sales plunged an unexpected 14.5 percent in March, according to a report released Wednesday by the Commerce Department. New home sales figures can be volatile, but the surprise drop combined with other weak reports is worrying for the housing market's nascent recovery.
Existing home sales fell 0.2 percent last month and 5.7 percent below the level seen in March 2013. Still, analysts expect the busy spring buying season and improving weather to turn around existing home sales figures.
General Mills has introduced a revised legal policy that takes away consumers' rights to sue if they enter into certain forms of engagement with the company online, including downloading coupons, entering sweepstakes, and buying products from General Mills websites.
Drumstick corsage is available from KFC for prom-goers who want their formal wear to double as a snack. The drumstick corsage is the latest in a slew of marketing stunts aimed at luring the important yet elusive 18- to 34-year-old customer.
Retail sales rose a surprising 1.1 percent in March, posting their biggest gain in 18 months. The strong retail sales report is another sign that terrible winter weather was largely to blame for a lackluster economic start to 2014.
Walmart will partner with Wild Oats to expand its organic offerings and drive down the price of organic foods across the country. Walmart's involvement could mean greater access to organics, but also weaker organic standards and more products manufactured abroad.
Toyota recall of nearly 6.4 million vehicles includes almost 30 models mostly sold in North America, Europe, and Japan. The latest Toyota recall comes just weeks after the automaker paid a $1.2 billion fine for failing to disclose earlier safety problems in its cars.
American Airlines and US Airways announced changes in point redemption rates for frequent flyers Tuesday, shortly after Delta and United announced their own revamps. The American Airlines tweaks come as the travel industry at large tightens up restrictions on frequent flyer miles and other loyalty points.
Chicken nugget recall involves 75,000 pounds of Tyson-brand chicken nuggets sold at Sam's Club stores and distributed for institutional use. Contamination with plastic was the cause of the chicken nugget recall, which has been linked to minor mouth injuries.
Women in the workforce make more money than their mothers did, on average, but they still make less than their fathers did at similar stages in their careers, according to a new study. The father-daughter wage gap was biggest among the wealthiest workers.
Chick fil-A handily beat competitor KFC in sales last year, despite having far fewer locations. There are about 1,775 Chick-fil-A restaurants in the US and about 4,491 KFCs.