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Thursday, October 29, 2020
Government Business spending down

Business spending down

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Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

In the final month of 2019, new orders for high-cost U.S. factory goods tumbled — a sign that businesses remained reluctant to make significant investments. A big reason was likely persistent uncertainty surrounding President Donald Trump’s mercurial trade policy. The sluggish pace of business spending is a key reason, in turn, why the economy is expanding at only a modest pace. Orders for large equipment fell 0.9% in December from November, the government said, the sharpest monthly decline since April. The drop was led by lower orders for computers, machinery and

metals. Trump’s trade war with Beijing led many companies to suspend plans to expand. Investment spending fell in July from a year earlier and remained in negative territory through October. On an annual basis, orders have since edged back into positive territory but are still weak. Many economists say they hope the preliminary U.S.-China deal reached last month will remove some of the uncertainty for businesses and spur more investment. Others worry, though, that companies remain cautious because most of the tariffs on Chinese goods are still in place, and the presidential election is approaching.

Latest News

Tarrant County indicts 4 for elder fraud

The Tarrant County Criminal District Attorney's Office announced Wednesday that three men and one woman have been indicted on charges of engaging...

Former DHS official says he wrote ‘Anonymous’ Trump critique

By KEVIN FREKING and ZEKE MILLER Associated PressWASHINGTON (AP) — A former Trump administration official who penned a scathing anti-Trump op-ed and...

Developer tied to Texas AG accused judge, others of fraud

By JAKE BLEIBERG Associated PressDALLAS (AP) — An Austin real estate developer at the center of recent allegations against Texas Attorney General...

AP Explains: The rule that made the modern internet

By BARBARA ORTUTAY AP Technology Writer OAKLAND, Calif. (AP) — Twenty-six words tucked into a 1996 law overhauling telecommunications...

A week before the election, Texas National Guard prepares to deploy troops to cities

By Shawn Mulcahy, The Texas Tribune Oct. 27, 2020 "A week before the election,...