Business The New Economy

  • Are you an independent contractor? Probably not, Labor Department says.

    The Labor Department released detailed guidelines this week for determining whether businesses should designate their workers as "employees" or "independent contractors," and suggested that the latter classification has been used a bit to liberally as companies re-organize and streamline costs. 

  • US retail sales dip 0.3% in June, weighing on Fed's interest rate decision (+video)

    US retail sales fell 0.3 percent in June, a far cry from analysts' expectations for a modest gain. As the economy has recovered well elsewhere, the weakness in the consumer sector has weighed heavily on the Federal Reserve’s eventual decision to finally raise long-term interest rates. 

  • How far does $100 go in your state?

    The same amount of cash goes much further in states like Mississippi and Missouri than it does in expensive areas like Washington D.C. or Hawaii. But do better infrastructure and urban amenities make up for it? 

August 29, 2015

Photos of the weekend

A sumo wrestler faces off two boys in a mock competition, during a presentation by professional sumo stables promoting the sport, at a department store in Tokyo, Saturday.

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