WASHINGTON (AP) - U.S. employers have been hiring at a healthy clip for six months even as the economy has slowed to an anemic pace.
After wandering higher for the past two weeks, mortgage rates reversed course, pulling back to near yearly lows. The retreat began last week after the Federal Reserve met and expressed concerns about the economy.
The nation's largest retailer says it is moving more employees to the entrances of its stores. They will greet arriving customers and answer questions, and also check receipts of departing shoppers to cut down on shoplifting.
Rio Tinto PLC has signed off on a $5.3 billion expansion of a Mongolian copper mine that will ease the mining giant's reliance on iron ore for profits and become one of the world's biggest sources of the industrial metal.
Men walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Friday, May 6, 2016. Asian markets were mostly lower in nervous trading Friday ahead of a closely watched U.S.