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Christian Science Monitor | Business



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As Fed normalizes policy, economy’s ‘new normal’ is anything but.

The Federal Reserve is launching a major transition away from the extraordinary measures it used to boost recovery from recession. But the problem of sub-par economic growth remains.

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Equifax breach: What you can do ... and what public pressure may do

Hackers broke into the credit-report company Equifax and stole personal data on up to 143 million Americans. Individual actions can help control the damage. And collective action may lead to new safeguards.

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US oil industry, stronger than during Katrina, expects rapid recovery from Harvey

Last week's hurricane caused gasoline prices to jump 27 cents, only about half the increase Americans saw after the 2005 Katrina storm. Why? Because the energy industry has far more flexibility than it did 12 years ago.

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Lego rebuilds its business model amid falling sales

After rebounding from near bankruptcy to achieve record sales by adding new toys, online content, and film franchises, Lego looks to simplify. With a new CEO, the company will eliminate 1,400 jobs in an effort to jumpstart growth. 

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US wages are rising, maybe faster than you think

Median weekly earnings jumped 4.2 percent in the past 12 months, the fastest gain since 2007. And demographic trends suggest the economy’s ‘slice of pie’ for workers could keep growing.

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Furloughed railroad workers rehired en masse, but is coal really growing?

Warren Buffett's BNSF Railway has called back roughly 4,000 of the 5,000 furloughed workers across its system last year, reflecting stronger volumes of coal, grain, and intermodal containers and trailers, a spokesman said.

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Amazon's announcement of Whole Foods price cuts sends shares of rival grocers tumbling

The company’s purchase of Whole Foods has been hanging over a brick-and-mortar retail sector unsure of how to respond to the world’s biggest online retailer.

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Pitch from hometowns to skilled workers: Come home

Recruiters in areas with a dearth of professionals, including Maine, are successfully targeting talent that has local roots, but left for school and careers.

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Wal-Mart joins with Google to deliver voice-enabled shopping

Wal-Mart has announced plans to collaborate with Google's Home device to offer voice shopping. Wal-Mart, the world's largest retailer, seems to be keeping a close eye on Amazon, whose smart speaker, Echo, has met with success nationwide. 

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Trump-era shift: CEOs find a voice for moral outrage

Corporate America started the year ready to engage with a controversial but business-minded president. This week CEOs have risen in chorus to denounce Trump's lackluster response to racism.

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Can do-good ethos survive public ownership? Etsy is a test.

The artisan marketplace says people and profits can coexist. But investors turn up the earnings pressure.

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Amazon launches new service to target impulse buying

The online retail giant has rolled out Instant Pickup on several college campuses throughout the US. The service offers a way for consumers to receive orders in a matter of minutes.

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Amazon ramps up research on pre-made meals, but will home cooks buy them?

The online retail giant may be hoping to access a market of customers looking for quick-and-easy meals using a technology originally developed for the military to extend the shelf life of foods while retaining flavor, texture, and nutrients. 

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Troubling trend behind sexist memo at Google

The internet allows fringe groups to open for ‘debate’ topics that have long been settled, including Silicon Valley’s need to diversify its workforce.  

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Google VP rejects employee’s challenge to its diversity programs

An employee's online memo highlights tensions in the workplace over company programs that are implemented to increase employee diversity. 

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America's stores are closing. Why isn't that raising a jobs alarm?

America's retail stores, from Sears to Macy's, are shedding jobs at a rate that dwarfs that of manufacturing or coal, but their implosion is happening far more quietly. Here's why.

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Finally some good news for homeowners – but it's in jeopardy

An improving economy is making homeownership available to more Americans. But black and Latino households remain far behind, and policy changes could threaten the gains.

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Amazon holds massive job fair to recruit warehouse hires

The ecommerce giant hopes to ramp up production by offering thousands of jobs on-the-spot in their warehouses across the United States on Wednesday. 

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Virtual watercooler: how employees tap into workplace culture from afar

With more remote workers, managers are adopting strategies such as yearly meetups and chatty online journals to help employees feel connected.

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Sweeping free trade deal poised to benefit companies at the expense of small-scale farmers

A free trade deal that would spur economic growth in the eyes of government officials could also force farmers from traditional livelihoods and disproportionately harm women, say Asian advocacy groups. 

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