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? 

  • Is the global middle class a reality? Not quite, study finds.

    Despite an historic reduction in global poverty from 2001-2011, the emergence of a global middle class is still just an aspiration, according to a Pew Research center study. Still, experts expect the pattern of raised living standards worldwide to continue. 

  • US economy adds 215,000 jobs in July, but job market trouble spots linger

    The US economy added 215,000 jobs in July, and the unemployment rate held steady at 5.3 percent. But wage growth and labor force participation are still concerns, even as the Fed moves toward raising interest rates by the end of the year. 

  • Will US economic growth persuade the Fed to raise interest rates? (+video)

    The US economy expanded 2.3 percent in the second quarter with the help of consumer spending. Although the Federal Reserve said it will keep interest rates near zero, the economic growth means a hike is still a possibility.

  • The '9 to 5' job is going extinct

    Even in industries with traditional schedules, workers are more likely to do their job outside regular office hours and respond to work e-mails off the clock. That flexibility can lead to better work/life balance, but at the risk of blurring the boundaries between an employee's job and personal life. 

  • As more Americans buy homes, will it ease the strain on renters? (+video)

    Existing home sales rose 3.2 percent to a 5.49 million annualized pace in June as stable job prospects and a much-improved economy encouraged buyers. But thanks to shifting demographics and the lingering effects of the housing crash, more Americans are still renting than they have in decades. 

August 27, 2015

Photos of the day 08/27

A Thai veterinarian takes a picture of a 2-year-old orangutan during a health examination at Kao Pratubchang Conservation Center in Ratchaburi, Thailand, Thursday. Vets from the Department of National Park Wildlife and Plant Conservation conducted a health check of 14 orangutans to prepare them for repatriation to their count...

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