Economy News

Thanksgiving holiday travel costs up 17%

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Expect to pay more to fly out of town for the Thanksgiving and Christmas holidays this year…

Tech firm fined for paying workers $1.21 per hour

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A Silicon Valley company is paying more than $43,000 in back wages and penalties to eight employees imported from India…

BofA to refund Apple Pay customers charged twice

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Bank of America is apologizing for double-billing customers who made purchases using Apple’s new mobile payments service…

Average US 30-year loan rate falls to 3.92 pct.

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30-year mortgage rate declined to 3.92 percent from 3.97 percent last week – the lowest level since June 2013…

Warren Buffett loses $2B in two days

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Think you’re having a bad week at work? Warren Buffett lost two billion dollars in two days…

China economy grows at slowest pace in 5 years

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China’s economic growth waned to a five-year low of 7.3 percent last quarter…

Voya offers $500 for babies born on Oct 20, 2014

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Voya Financial announced it is offering every baby born in the US on October 20, 2014 a $500 mutual fund investment…

Marin, San Mateo counties have Bay Area’s lowest jobless rates

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Marin and San Mateo counties had the lowest unemployment rates in the Bay Area in September…

US jobless applications fall to 14-year low

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The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week…

Macy’s to open even earlier on Thanksgiving

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Macy’s Inc. is opening its stores at 6 p.m. on Thanksgiving Day, two hours earlier than last year, to lure holiday shoppers…