Author: Bill Radford

NEW YORK — Sinclair has submitted a bid to buy out E.W. Scripps for $7 per share, in a deal that could bring further consolidation across America’s local TV news landscape. Under the proposal, which Sinclair disclosed Monday, the broadcast giant would acquire all of Scripps’ outstanding shares that it doesn’t already own. Sinclair has already upped its stake in…

WASHINGTON – The U.S. trade deficit narrowed more than expected in August as businesses imported fewer goods against the backdrop of higher tariffs, a trend that if sustained could be a potential tailwind for economic growth in the third quarter. But a drop in consumer goods imports to levels last seen early in the COVID-19…

U.S. construction spending unexpectedly rebounded in August, likely lifted by home renovations as higher mortgage rates continued to weigh on single-family homebuilding. The Commerce Department’s Census Bureau said Monday that construction spending increased 0.2% after an upwardly revised 0.2% gain in July. Economists polled by Reuters had forecast construction spending would ease 0.1% after a…