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December 03, 2016

WASHINGTON — The U.S. jobs report on Friday made one thing clear: President-elect Donald Trump will inherit the same two-track U.S. economy that bedeviled his predecessor.

Hiring is solid and the unemployment rate low. But longer-term problems persist — especially a stubbornly high…


Wells Fargo splits chairman, CEO roles after sales scandal

December 02, 2016

NEW YORK — Wells Fargo said it will split the jobs of chairman and CEO and will make other major changes to the composition of its board of directors in an effort to make the bank more accountable following a scandal over its sales practices.

The bank said Thursday it was amending its…


Consumer confidence jumps to highest level in 9 years

December 01, 2016

WASHINGTON — US consumer confidence rebounded this month to the highest level in more than nine years as Americans appeared unfazed by a tumultuous election campaign.

The Conference Board said Tuesday that its consumer confidence index registered 107.1 in November, up from 100.8 last month…