By MARY CLARE JALONICK/Associated Press WASHINGTON (AP) — Expecting a baby? Congratulations! Better put plenty of money in your savings account. The Department of Agriculture says the estimated cost of raising a child from birth through age 17 is $233,610, or as much as almost $14,000 annually. That’s the average for a middle-income couple with
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Author: Sarah Glenn
Credit card spending jumped in November
By Martin Crutsinger/AP Economics Writer WASHINGTON (AP) — Consumers increased their borrowing in November at the fastest pace in three months. Total borrowing in November climbed $24.5 billion, compared to a smaller $16.2 billion in October, the Federal Reserve reported Monday. The increase pushed total debt to a fresh record of $3.75 trillion. The acceleration
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Feds: More than 800 career programs are failing their grads
By Collin Binkley/Associated Press Hundreds of programs at for-profit colleges are at risk of losing federal funding unless their graduates start earning better wages, federal officials say. On Monday, the Education Department issued its first round of data measuring whether graduates of 8,700 career programs earn enough money to repay their student loans. It stems
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Yahoo to change name, trim board if Verizon deal gets done
Associated Press SAN FRANCISCO (AP) — Yahoo will adopt a new corporate identity and slash the size of its board if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through. The company plans to change its name to Altaba Inc. after it turns over its email, websites, mobile apps and
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US stocks ring in 2017 with gains as health care stocks rise
By Marley Jay/AP Markets Writer NEW YORK (AP) — U.S. stocks are moving higher on the first trading day of 2017. Health care companies, which fell last year as the rest of the market moved higher, are making some of the biggest gains. While stock indexes are broadly higher, they’ve surrendered most of an earlier gain.
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Trump’s latest US corporate Twitter target: General Motors
By Tom Krisher/AP Auto Writer DETROIT (AP) — In another tweet targeting a U.S. company, President-elect Donald Trump threatened Tuesday to slap a tax on General Motors for importing compact cars to the U.S. from Mexico. But GM imports only a small percentage of its Chevrolet Cruze small cars from Mexico, with the vast majority
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Trump’s latest US corporate Twitter target: General Motors
By Tom Krisher/AP Auto Writer DETROIT (AP) — In another tweet targeting a U.S. company, President-elect Donald Trump threatened Tuesday to slap a tax on General Motors for importing compact cars to the U.S. from Mexico. But GM imports only a small percentage of its Chevrolet Cruze small cars from Mexico, with the vast majority
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FDA probes dangers of exploding e-cigarette batteries
WASHINGTON (AP) — The U.S. Food and Drug Administration is probing the dangers of exploding batteries in e-cigarettes, following dozens of reports of devices that have combusted, overheated or caught fire and sometimes injured users. The agency announced a two-day public meeting for April, according to an online posting. The Associated Press reported last month
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FDA probes dangers of exploding e-cigarette batteries
WASHINGTON (AP) — The U.S. Food and Drug Administration is probing the dangers of exploding batteries in e-cigarettes, following dozens of reports of devices that have combusted, overheated or caught fire and sometimes injured users. The agency announced a two-day public meeting for April, according to an online posting. The Associated Press reported last month
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Ford cancels plan to build new Mexican plant, adds US jobs
FLAT ROCK, Mich. (AP) — Ford is canceling plans to build a new $1.6 billion factory in Mexico and will invest $700 million in a Michigan plant to build new electric and autonomous vehicles. Ford, however, still plans to shift production of the Focus small car to Mexico and will make the car at an
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