Economy News

IRS says thieves stole tax info from 100,000

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The IRS says thieves used an online service provided by the agency to gain access to information from taxpayers….

US home prices rose at steady pace in March from year ago

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U.S. home prices rose at a steady pace in March, pushed higher by a limited supply of houses for sale…

China cuts import tax on clothes, other goods


China announced Monday it will cut import taxes on clothing, cosmetics and some other goods by half to spur spending…

Egg prices to increase due to bird flu


The recent bird flu outbreak means the price of eggs is going up. The USDA said fewer eggs will be produced this year…

Hong Kong introduces new admission policy for professionals


Hong Kong Economic and Trade Office in SF introduces the new pilot Admission Scheme for the Second Generation of Hong Kong Permanent Residents…

Lumber Liquidators CEO steps down unexpectedly

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Lumber Liquidators CEO Robert Lynch resigned unexpectedly this morning…

US home sales slide in April amid listing shortage

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Sales of existing U.S. homes slipped in April due to relatively few listings and rising prices…

Los Angeles City Council votes for $15 minimum wage


The Los Angeles City Council has voted to raise the minimum wage in the city to $15 an hour by 2020…

Report highlights buying power of Asian American consumers


Though Asian-Americans represent about 6% of the total U.S. population…

Memorial Day travel and gas prices

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Gas prices have slowly and steadily been climbing in recent weeks, though still far from what they were one year ago…