US consumer spending up

U.S. consumer spending rose a solid 0.4 per cent in July, the sixth straight month of healthy gains. At the same time, a key gauge of inflation posted its sharpest annual gain in six years, likely keeping the Federal Reserve on track to keep raising interest rates gradually.

Caffeine hit: South Korea bans coffee from every school

Action follows reports of students suffering palpitations as they go through high-pressure education system

South Korea is set to ban the sale of coffee in schools in an effort to promote healthier choices among pupils and teachers.

All vending machines and snack kiosks in primary and secondary schools will stop selling all coffee products by 14 September, according to the Ministry of Food and Drug Safety.

State’s construction firms continue to face labor shortage

With construction continuing to boom, the state’s construction companies are continuing to struggle to find enough people to do the work.

According to the 2018 Workforce Survey released Wednesday by the Associated General Contractors of America, 85 percent of Nebraska construction firms reported difficulty in finding hourly craftspeople, the same number as last year.

As airlines hike checked bag fees, charges for carry-on luggage could be next

Some foreign airlines have already started charging for carry-on bags to reduce boarding delays

Buckle up: Now that Air Canada and WestJet have hiked their checked bag fees for economy fares, some airline experts predict charges for carry-on luggage could be next.

“It’s only a matter of time,” said airline analyst, Fred Lazar. He believes higher checked bag fees will inspire even more people to stuff all their luggage into carry-on bags, prompting the two airlines to introduce carry-on charges to help stem the tide.

U.S. Stocks Mixed as Dollar Gains on Economic Data: Markets Wrap

  • Euro weakens, loonie slumps; EM equities, currencies decline
  • Argentina raises key interest rate to 60% to protect peso

U.S. equities were mixed following losses in Europe and Asia as traders weighed geopolitical concerns with data showing a strong U.S. economy. The dollar rallied as consumer-spending and inflation figures signaled policy makers can keep raising interest rates.

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