The latest data — on job growth and unemployment in January — are due at 8:30 a.m. ET. Economists expect to hear that the jobless rate ticked down to 6.6 percent and that more jobs were added to payrolls than in December. But signs that the economy might be slowing are raising some concerns.
Friday is the statutory deadline for the Treasury's borrowing authority, but Congress has no agreement on how to raise the limit. House Republicans appear unwilling to force another showdown over the debt ceiling, but they have not yet found a way to save face, and there are few legislative days left before Treasury exhausts its means to pay the bills.
Tech giant AOL is trimming its employee retirement benefits. It will stop depositing matching funds into employee 401(k) accounts each pay period. Instead it will make one annual lump-sum deposit at the beginning of the year. The company blames costs associated with the Affordable Care Act.
A Coca-Cola commercial attracted social media backlash following last Sunday's Super Bowl. It featured a multi-lingual version of "America The-Beautiful." A longer version of the commercial will air during NBC's Olympic opening ceremonies coverage. Our Code Switch Team looks at what that commercial and the conversation it triggered say about us, and what it tells us about advertisers.
As the U.S. Postal Service continues to lose money, a new report suggests a way to add to its bottom line: offer bank-like services, such as a cash card that would allow customers to load their paychecks and pay bills online. The idea is to provide services that are now unavailable in many communities.
In an open acknowledgement that many consumers are annoyed that GMO ingredients aren't labeled, a coalition announced Thursday that it does support labeling. But it wants a federal standard to be voluntary, and it wants to keep states from passing any more mandatory labeling measures.
In the past decade, half of the dairy farms in the U.S. have gone out of business, but thanks to technological advances and selective breeding, the dairy industry is more efficient than ever. It produces 20 percent more milk than it did ten years ago. Harvest Public Media's Abbie Fentress Swanson reports that economists are even predicting that U.S. farmers will export an unprecedented amount of dairy products this year. Still, this ramped-up production has made it difficult for smaller operations to compete.
The U.S. needs to start treating the Internet like electricity or railroads, law professor and author Susan Crawford says. "We can't create a level playing field for all Americans or indeed compete on the world stage without having some form of government involvement," she says.