Finance

The Trump administration reported a river of red ink Friday. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for the next decade. The […]

A widely used software program that helps guide care for millions of patients is flawed by unintentional racial bias that leads to blacks getting passed over for special care, according to a new study. The software predicts costs rather than sickness. It is used by U.S. insurers and hospitals to direct higher-cost patients into health

The Pentagon has awarded Microsoft a $10 billion cloud computing contract , snubbing the early front-runner Amazon, whose participation drew criticism from President Donald Trump, among others. Bidding for the huge project, known as the Joint Enterprise Defense Infrastructure, or JEDI, pitted leading tech titans Microsoft, Amazon, Oracle and IBM against one another. The giant

Over the course of its 15 year history, Facebook has variously ignored news organizations while eating their advertising revenue, courted them for video projects it subsequently abandoned, and then largely cut their stories out of its newsfeeds . Now it plans to pay them for news headlines — reportedly millions of dollars in some cases.

They can create a false sense of security, especially if their components are not well understood, according to Jonathan Clements, the author of “How to Think About Money” and editor of the website HumbleDollar. Retirement calculators can vary widely based on assumptions like projected market returns or inflation, yet many investors overlook these complexities and

Walmart, CVS and Rite Aid have pulled some or all 22-ounce bottles of Johnson’s baby powder from shelves to avoid confusing consumers, after a minuscule amount of asbestos was found in one bottle. Johnson & Johnson recalled all 33,000 bottles from the same lot as that bottle last Friday, a day after the U.S. Food

Dan Gagne has been a plumber for three decades, but it has been years since he held a wrench. He has built a plumbing business in the Bay Area that generates $20 million a year in revenue and employs 100 people. The money his empire brings in allows him and his family to pursue other

President Donald Trump’s company said Friday it is exploring the sale of its marquee Washington hotel, which has been at the center of nearly three years of ethics complaints and lawsuits accusing him of trying to profit off the presidency. The Trump Organization says it will consider offers to buy it out of a 100-year

If you are lucky enough to create art that people are willing to pay for, I have a concept to share that had an enormous impact on me: Profit equals permission. People in the artistic community sometimes see money as somehow dirty. The art should be its own reward, the thinking goes. Marketing, spreadsheets, cash

An Indonesian investigation found that a combination of design flaws by Boeing and inadequate pilot training and maintenance lapses by Lion Air doomed a Boeing 737 Max jet that plunged into the Java Sea a year ago, killing 189 people. The final accident report released Friday said Lion Air flight 610, from Indonesia’s capital Jakarta