Coverage: Stock markets drop on trade war
The Dow Jones Industrial Average dropped more than 600 points Monday as investors sought shelter from an escalating trade war between the U.S. and China. Damian Troise and Alex Veiga of the Associated Press had the news: The selling was widespread and heavy, handing the benchmark S&P 500 index its biggest loss since January. The sell-off extended the […]
Coverage: Papa John’s founder may sell 31% stake
After resigning from his company’s board of directors earlier this year, Papa John’s founder John Schnatter notified federal regulators this week that he’s open to selling his stake in the international pizza chain. Grace Schneider of the Louisville Courier Journal had the news: According to a U.S. Securities and Exchange Commission filing on Monday, Schnatter has enlisted unidentified financial advisers for […]
Reuters hires Johnson as economics reporter in Ottawa
Reuters has hired Kelsey Johnson to cover the Canadian economy from its Ottawa bureau. She will start May 21. She has been at iPolitics for the past six years as a parliamentary affairs reporter with a specialization in agriculture and trade policy issues at the federal and provincial level. Johnson has also been a columnist for Western […]
Cordtz, ABC News economics editor in the 70s, dies at 92
Dan Cordtz, a longtime business journalist who was the economics editor for ABC News in the 1970s, died Saturday at the age of 92. Steve Terrell of the Santa Fe New Mexican writes, “Kay Cordtz said during the inflation-riddled early and mid-’70s, ‘the three major networks employed not a single reporter trained and experienced in covering […]
Coverage: Unemployment is near a 50-year low
U.S. job growth surged in April and the unemployment rate dropped to the lowest in nearly half a century, pointing to sustained strength in economic activity even as last year’s massive stimulus from Republican tax cuts and spending increases fades. Lucia Mutikani of Reuters had the news: The Labor Department’s closely watched monthly employment report on […]
Casey Foundation gives fellowships, scholarships for poverty coverage
The Marguerite Casey Foundation announced the winners of journalism awards to promote reliable reporting on poverty and community leadership by families. The Marguerite Casey Foundation Journalism Fellowships and Scholarships support journalism that helps the public and policymakers better understand the experience and progress of families working to alleviate poverty in the U.S. “Journalists play a […]
Why covering trade has turned into being a war correspondent
Politico trade reporter Megan Cassella spoke with UNC-Chapel Hill journalism professor Andy Bechtel about her job. Here is an excerpt: Q. The tweet pinned to your Twitter account says: “Who knew the trade beat would make you a war correspondent?” How so? The line is meant to be a sort of play on words because I spend […]
Coverage: Fed leaves interest rates unchanged
The Federal Reserve Board left its key interest rate unchanged Wednesday and signaled that it’s unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation. Martin Crutsinger of the Associated Press had the news: The Fed left its benchmark rate — which influences many consumer and […]
WSJ names Henderson its new economics editor
Wall Street Journal DC bureau chief Paul Beckett sent out the following announcement on Tuesday: All: I am delighted to announce that Nell Henderson is named Economic Editor of The Wall Street Journal, effective immediately. Nell will lead our national and global economics coverage with a view to ensuring that we are dominating a core area for […]
Coverage: Retail sales rose 1.6% in March
U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped. Josh Boak of the Associated Press had the news: The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6% from February, the strongest increase since September 2017. The gains mark a sharp […]
