Josh Funk, Ap Business Writer Updated 3:52 pm PST, Thursday, January 24, 2019 FILE- In this March 26, 2018, file photo, a Norfolk Southern freight train rolls through downtown Pittsburgh. Norfolk Southern Corp. reports financial results Thursday, Jan. 24, 2019. FILE- In this March 26, 2018, file photo, a Norfolk Southern freight train rolls through downtown Pittsburgh. Norfolk Southern Corp. reports financial results Thursday, Jan. 24, 2019. Photo: Gene J. Puskar, AP Photo: Gene J. Puskar, AP Image 1 of / 3 Caption Close Image 1 of 3 FILE- In this March 26, 2018, file photo, a Norfolk Southern freight train rolls through downtown Pittsburgh. Norfolk Southern Corp. reports financial results Thursday, Jan. 24, 2019. FILE- In this March 26, 2018, file photo, a Norfolk Southern … [Read more...] about Railroads say economy still growing at steady rate
Economy
Oil falters as U.S. shutdown, China trade cast pall over economy
Grant Smith, Alex Nussbaum, Bloomberg Published 3:45 pm CST, Wednesday, January 23, 2019 FILE: Tug boats transport the Hess Corp. Stampede tension leg oil platform, towed from Kiewit Offshore Services Ltd., in this aerial photograph taken above Ingleside, Texas, U.S., on Friday, May 5, 2017. FILE: Tug boats transport the Hess Corp. Stampede tension leg oil platform, towed from Kiewit Offshore Services Ltd., in this aerial photograph taken above Ingleside, Texas, U.S., on Friday, May 5, 2017. Photo: Eddie Seal, Bloomberg Photo: Eddie Seal, Bloomberg Image 1 of / 1 Caption Close Image 1 of 1 FILE: Tug boats transport the Hess Corp. Stampede tension leg oil platform, towed from Kiewit Offshore Services Ltd., in this aerial photograph taken above Ingleside, Texas, U.S., on Friday, … [Read more...] about Oil falters as U.S. shutdown, China trade cast pall over economy
Gov’t shutdown poses increasing risk to wider economy
Christopher Rugaber AP Economics Writer Published 5:31 PM EST Jan 23, 2019 Washington – As the government shutdown enters a second month, economists say it could pose a threat to the wider economy. The biggest effect is likely to be the cutback in federal spending. But consumer spending is another important factor. When government employees spend less, stores and restaurants that serve them suffer. So do landlords and lenders that do business with federal workers. Spending and growth will probably rebound once the government reopens, but most of the restaurant meals missed and hotel stays canceled will never be made up. John Sprinkle is a furloughed federal employee. He and his wife would normally be planning their summer vacation. But not now. The family is putting off the purchase of a new computer and postponing eating out and attending events. … [Read more...] about Gov’t shutdown poses increasing risk to wider economy
Government shutdown poses increasing risk to wider economy
Christopher Rugaber, Ap Economics Writer Updated 4:17 pm CST, Wednesday, January 23, 2019 Anthony Spencer, whose wife, Chastity, right, is a furloughed federal worker, holds his daughter, Sydney, as they wait in line with others who are affected by the partial government shutdown for Philabundance volunteers to distribute food under Interstate 95 in Philadelphia, Wednesday, Jan. 23, 2019. less Anthony Spencer, whose wife, Chastity, right, is a furloughed federal worker, holds his daughter, Sydney, as they wait in line with others who are affected by the partial government shutdown for Philabundance ... more Photo: Matt Rourke, AP Photo: Matt Rourke, AP Image 1 of / 10 Caption Close Image 1 of 10 Anthony Spencer, whose wife, Chastity, right, is a furloughed federal worker, holds … [Read more...] about Government shutdown poses increasing risk to wider economy
The Latest: Argentine bank president says economy healing
Updated 1:41 am PST, Wednesday, January 23, 2019 Singer and co-founder of RED Bono, 2nd right, gestures to Afsaneh Mashayekhi Beschloss, founder of RockCreek, Christine Lagarde, Managing Director of IMF and Rwanda President Paul Kagame, from left, as he arrives for the "Closing the Financing Gap" session at the annual meeting of the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 23, 2019. less Singer and co-founder of RED Bono, 2nd right, gestures to Afsaneh Mashayekhi Beschloss, founder of RockCreek, Christine Lagarde, Managing Director of IMF and Rwanda President Paul Kagame, from left, as he ... more Photo: Markus Schreiber, AP Photo: Markus Schreiber, AP Image 1 of / 7 Caption Close Image 1 of 7 Singer and co-founder of RED Bono, 2nd right, gestures to Afsaneh … [Read more...] about The Latest: Argentine bank president says economy healing