Economy : The Two-WayIn an age when currency crises in far flung parts of the world can cause layoffs at factories and offices in mid-America, it's important to keep up on news from the business world. The Two-Way monitors what's happening. We make sense of the trends.
A sign announcing the store will be closing hangs above a Sears store on Aug. 24 in Chicago. Sears Holdings, which owns Sears and Kmart, said Thursday it was planning to close another 103 stores.
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Retail jobs have taken a hit, losing 67,000 jobs in 2017 after seeing a large gain the year before. In this photo from October, people pass a sign advertising a sale and a job at a shop in Boston last fall.
An image released by Hyundai shows a hands-off driver checking his phone and drinking coffee. The company is partnering with Aurora, a U.S. startup, to boost its autonomous vehicle program.
Europe's top court has ruled that Uber is a transportation company — not merely an e-commerce service. Here, a Spanish taxi driver is seen protesting against Uber and another service, Cabify, during cabdrivers' demonstration last month.
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Federal Reserve Chair Janet Yellen, who will step down in February, has said she thinks the forces that have been holding inflation down are temporary and that she expects it will soon be on the rise again.
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Faced with rocketing inflation and low oil prices, Venezuela has introduced new, larger banknotes this year. Now the country is planning a cryptocurrency tied to its oil reserves.
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Bitcoin prices have spiked since October — and the cryptocurrency is now closing in on $10,000, leading the way for digital currencies that have seen huge gains in 2017.
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Fed Chair Janet Yellen on Monday submitted her resignation from the Federal Reserve Board. Earlier this month, President Trump named Jerome Powell to be the next Fed chair.
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U.S. Commerce Secretary Wilbur Ross "was a major client of Appleby," an offshore law firm at the heart of the Paradise Papers, according to the International Consortium of Investigative Journalists.
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