Economics & Economy

At Tuesday’s American Music Awards, Taylor Swift repeated a plea she’d made earlier to her 112 million followers on Instagram: Register and vote. Swift is the latest celebrity to join what’s been a concerted effort this year to boost voter registration among young people.

U.S. tightens foreign investment rules

21 hours ago

Some sensitive industries — everything from technology to defense firms — will face tougher federal scrutiny under new regulations formalized Wednesday. The Committee of Foreign Investment in the U.S., or CFIUS, announced its pilot program will take effect in 30 days. The announcement has some innovation, defense and tech companies scrambling to comply so they don't face penalties.

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Sears teeters on the edge of bankruptcy

21 hours ago

Shares of Sears fell today on reports from the Wall Street Journal that the company has hired advisors to prepare a bankruptcy filing. The department store chain has been struggling for decades, announcing one turnaround effort after another.

Why rock is still king on the concert circuit

22 hours ago

With a nod to the fact that nominations for the Rock & Roll Hall of Fame came out this week, there's an economic reality about the music business that needs to be recognized: Last year, hip-hop and rhythm and blues replaced rock as this country’s most popular music genre. That’s according to Nielsen’s analysis of digital and physical album sales as well as streaming. There's a twist here, though, because what Nielsen did not consider was how much money people spend on concerts.

Here are some reasons why China's currency is sinking

22 hours ago

One U.S. dollar today is worth about 9.92 Chinese yuan. That's down nearly 10 percent from where it was last spring. That drop has the attention of Treasury Secretary Steven Mnuchin, who said Wednesday he wants to make sure China is not doing "competitive devaluations." That's when a country seeks an advantage by making its currency, and therefore its goods, cheaper relative to other countries. But the cheap yuan might have more to do with what's going on in the United States than it does with China.

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