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The Worldwide Leader in News: Economy

00:22 2019-07-19

House votes to double federal minimum wage to $15 per hour The Democrat-led House voted to raise the federal minimum wage to $15 per hour, more than double the current rate of $7.25, and the first proposed in...
19:28 2019-07-18

Is Huawei a Security Threat? Vietnam Isn’t Taking Any Chances As the world splits along U.S.-China fault lines, telecom companies in Vietnam appear to be quietly avoiding the Chinese tech giant in their 5G plans...
17:42 2019-07-18

Slowing growth in home prices aggravates recession worries Growth in home prices, the main source of wealth for most Americans, is shrinking, fueling concern that the longest economic expansion in U.S. histor...
17:28 2019-07-18

Chamber faces conservative backlash for pushing minimum wage compromise Conservative groups are arguing that the Chamber of Commerce made a strategic mistake by suggesting a compromise with congressional Democrats on rais...
08:14 2019-07-18

DR Congo Ebola outbreak now a Public Health Emergency, UN health agency declares The second worst Ebola outbreak of all time, in the Democratic Republic of the Congo (DRC), was officially declared a Public Health Emergency of Inte...
22:56 2019-07-17

House to vote on $15 federal minimum wage Thursday The House of Representatives will vote Thursday on legislation to raise the federal minimum wage to $15 an hour by 2026, more than double the current...
05:14 2019-07-17

Trump's Cabinet and the true cost of high turnover With the departure of Alexander Acosta as labor secretary, President Trump now owns the record for the highest turnover in his first two and a half y...
00:28 2019-07-17

Trump’s New Top Labor Official Is Expected to Advance an Anti-Labor Agenda One of Mr. Pizzella’s White House admirers describes him as a “movement conservative” more likely to agree with the White House on cutting labor rule...
00:14 2019-07-17

Will Congress put three people out of work for each one it helps? Should the national minimum wage be raised gradually from the current $7.25 per hour to $15 per hour by 2025, as proposed by the Raise the Wage Act? ...
20:28 2019-07-16

2020 Democrats have all the wrong ideas for the budget It’s no secret that the two dozen or so 2020 Democratic presidential candidates are promising a slew of new and expanded government programs that are...
07:14 2019-07-16

Jerome Powell should tread cautiously with real-time payments proposal Facebook’s proposed digital currency Libra got most of the attention during Federal Reserve Board Chairman Jerome Powell's appearances before Congres...
04:42 2019-07-16

Trump may leave Pizzella 'acting' labor secretary to avoid Senate fight President Trump has given little indication that he intends to formally nominate Deputy Labor Secretary Patrick Pizzella to replace departing Labor S...
00:56 2019-07-16

For our future, more Indian immigrants, please If, like me, you believe that the U.S. needs to welcome immigrants on a sustainable basis, you should support a greater U.S. government priority on t...
00:56 2019-07-16

NY Fed 'Empire State' factory index posts biggest gain in more than 2 years The New York Federal Reserve said its gauge of manufacturing growth in New York state returned to positive territory, suggesting regional activity wa...
18:14 2019-07-15

Over 820 million people suffering from hunger; new UN report reveals stubborn realities of ‘immense’ global challenge After nearly a decade of progress, the number of people who suffer from hunger has slowly increased over the past three years, with about one in ever...
18:00 2019-07-15

UN highlights importance of skills development on World Youth Skills Day At UN Headquarters, and across the globe, events are taking place on Monday to celebrate World Youth Skills Day – marked each year on 15 July – to ra...
18:00 2019-07-15

The USMCA trade deal is a big tax cut Congress has been sitting on the United States-Mexico-Canada Agreement, or USMCA, for months. A badly needed update to NAFTA, the USMCA is in danger ...
10:14 2019-07-15

With half of Somaliland children not in school, UNICEF and partners launch education access programme Access to education in Somaliland is extremely limited, with more than 50 per cent of children in Somaliland out of school. In an effort to address t...
22:28 2019-07-13

DeVos, charters, & ‘school choice’ hurt African American children Education Secretary Betsy DeVos and charter school operators have denounced the NAACP’s opposition to charter school expansion, arguing that charters...
23:28 2019-07-12

Why politicians prefer debt ceiling crises to balanced budgets Once again, it seems, the federal government stands at the edge of a pending debt crisis. According to recent estimates, even while the nation enjoys...
20:42 2019-07-12

Don't leave rural workers out of the employment renaissance With its proposed food stamp work requirement rule, USDA has an opportunity to crack down on fraud and abuse while moving millions from welfare to wo...
20:42 2019-07-12

Treasury could run out cash in early September, urges Congress to raise debt ceiling before recess The Treasury Department said it could run out of cash in two months, asking Congress to increase the debt ceiling before lawmakers leave for a six-we...
19:28 2019-07-12

Acosta resignation puts veteran bureaucrat Patrick Pizzella in charge of Labor Patrick Pizzella, a veteran of several past Republican and Democratic presidential administrations, will take over as acting secretary of labor follo...
18:28 2019-07-12

Alaska and Amazon vie to hire 2,200 to be freed under Trump prison reform President Trump's criminal justice reform law will release some 2,200 federal inmates next week, and reform supporters are finding broad interest amo...
06:42 2019-07-12

A Prime Day for an Amazon workers' strike When Hibaq Mohamed started working at a new Amazon fulfillment center in Shakopee, Minnesota, in 2016, she was required to pack a minimum of about 16...
05:56 2019-07-12

Reversal brings Fed into line with Trump The Federal Reserve is set to begin cutting interest rates next month for an unusual reason: Not out of fear that the economy is tipping into recessi...
05:56 2019-07-12

Wall Street banks are bailing on troubled American farmers amid US-China trade war In the wake of the US housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mor...
04:14 2019-07-12

German trade minister places 50-50 odds on resolving auto tariffs German Economic Minister Peter Altmaier said Thursday there were even odds that the U.S. and the European Union could reach a deal that would avoid t...
03:14 2019-07-12

Washington Post 'analysis' claims the CBO is wrong about the downside to raising the minimum wage. It just won't tell you why The Congressional Budget Office’s dim view of efforts to raise the national minimum wage to $15 an hour is wrongheaded and based on bad data, accordi...
03:14 2019-07-12

Dow Jones briefly crosses 27,000 mark for the first time ever The Dow Jones Industrial Average broke records on Thursday morning by surging past 27,000 for the first time ever, rising 132 points during morning t...
22:56 2019-07-11

Chamber of Commerce proposes minimum wage hike to at least $10 The Chamber of Commerce, the nation's largest business trade association, proposed raising the minimum wage to at least $10 an hour, up from its curr...
22:56 2019-07-11

US weekly jobless claims fall to 3-month low First-time claims for state unemployment benefits were expected to total 223,000 in the most recent week, up marginally from the 221,000 claims repor...
15:00 2019-07-11

At this point, the only remaining moderates are Republicans Moderates are understandably skeptical of President Trump. From his loud-mouthed tweeting to his adulterous past, there’s plenty to criticize. I’m no...
02:42 2019-07-11

Labor Secretary Acosta to hold press conference to address handling of Jeffrey Epstein Embattled Labor Secretary Alexander Acosta has scheduled a press conference for Wednesday afternoon to address his handling the of the prosecution fo...
02:42 2019-07-11

Under-fire Alex Acosta defends 2008 prosecution of Jeffery Epstein as defending victims Embattled Labor Secretary Alexander Acosta defended his handling of the prosecution of Jeffrey Epstein for sex crimes as a decision that protected th...
02:42 2019-07-11

US warns French digital services tax targets American companies, raising tariffs threat The U.S. Trade Representative's Office announced Wednesday that it had launched an investigation into whether U.S. companies were being unfairly targ...
02:42 2019-07-11

Democrats: Prisoners of the past on the economy We are all, to some extent, prisoners of the past. Things that have already happened — or that we remember as having happened — constitute the world ...
02:42 2019-07-11

Democrats push loan program to help endangered multiemployer pension plans House Democrats are set to advance legislation Wednesday to shore up endangered multiemployer pension plans by giving them low-interest federal loans...
16:28 2019-07-10

US rift with UK deepens as Commerce Secretary Wilbur Ross cancels meeting over presence of British ambassador Commerce Secretary Wilbur Ross abruptly canceled a long-planned meeting with Britain's Secretary of State for International Trade Liam Fox Tuesday be...
03:56 2019-07-10

Democrat BET founder praises Trump, says party 'moved too far to the Left' Black Entertainment Television founder and Democrat Robert Johnson praised President Donald Trump for the state of the economy and also accused the D...
03:56 2019-07-10

Trump praises Labor Department secretary as criticism mounts over Epstein controversy President Trump on Tuesday defended Labor Secretary Alexander Acosta, who is under fire for his role in negotiating a lenient plea deal in 2008 for s...
03:56 2019-07-10

USMCA vote may not come until autumn, Kudlow says White House economic adviser Larry Kudlow said Tuesday that a congressional vote on President Trump's U.S.-Mexico-Canada Agreement on trade may not h...
03:56 2019-07-10

Congress can act to reclaim trade authority once and for all Capitol Hill is focused on negotiations over the United States-Mexico-Canada Agreement, but there’s another discussion about trade policy that’s happ...
03:56 2019-07-10

Groundbreaking cancer-fighting drugs now included in updated UN list of essential medicines The UN health agency, WHO, announced on Tuesday that dozens of new drugs have been added to the list of essential medicines that every country should...
20:56 2019-07-09

CBO projects $15 minimum wage would cost 1.3 million jobs The nonpartisan Congressional Budget Office said Monday that raising the federal minimum wage to $15 an hour, up from the current rate of $7.25 a hou...
03:14 2019-07-09

Now hiring for a Trump-branded Fed: GOP flip-floppers on rates The president has one key quality in mind in filling out the central bank: a willingness to cut interest rates in a strong economy, violating years o...
18:56 2019-07-08

Jobs, growth, and higher wages leave Democratic contenders searching for excuses Friday’s June jobs report, with its expectations-shattering gain of 224,000 net jobs (including 17,000 manufacturing jobs) and its 4% unemployment ra...
16:14 2019-07-08

Elizabeth Warren fibbed — private prison stocks have bombed in the Trump era When writing today's editorial, we already knew that Elizabeth Warren was lying (or more generously, stretching it) during the debate two weeks ago w...
16:14 2019-07-08

America’s safety net needs a new vision There is nothing more American than the Fourth of July when we come together as a nation to celebrate our country’s independence. Each year, we comme...
06:28 2019-07-07

Member of Parliament leaves 10-year-old son at UK prime minister's residence in school closure protest It's no accident that an English woman left her 10-year-old son and some of his school friends on the steps of 10 Downing Street in London, which ser...
22:00 2019-07-06

Mexico and US trying to tweak USMCA rules about settling disputes The U.S. and Mexico are working on adding a side deal to the U.S.-Mexico-Canada Agreement on trade to address Democrats’ concerns over the deal’s dis...
05:14 2019-07-06

2020 Democrats rail against charter schools and flaunt big spending plans at education forum Democratic presidential hopefuls railed against charter schools and flaunted billion- and trillion-dollar education proposals during a Friday forum h...
02:00 2019-07-06

Byron York: Dem 2020 task: Convince voters to overlook economy On Oct. 28, 1980, in the final debate of his race against Jimmy Carter, Ronald Reagan asked a question that has come to define presidential politics....
01:14 2019-07-06

Trump's economy is the Democrats' disaster The creation of 224,000 new jobs in June further consolidates President Trump's economic stewardship. Beating expectations, those job numbers give Tr...
00:56 2019-07-06

China trade war could hurt domestic oil drilling One of the more unexpected effects of President Trump’s trade war with Beijing is that it might lead to rising prices for oil, not because tariffs ar...
00:56 2019-07-06

Elizabeth Warren's plan to eliminate the gender wage gap discredits the accomplishments of minority women Government has a new moral and economic imperative, according to presidential hopeful Elizabeth Warren, who vowed to wield the power of the Oval Offi...
21:56 2019-07-05

Economy adds quarter-million jobs, beating expert estimates in a comforting June jobs report If the Federal Reserve needed a sign to reject President Trump's demands for lower interest rates, the June jobs report from the Bureau of Labor Stat...
20:14 2019-07-05

Larry Kudlow: Huawei policy now part of trade talks with Beijing White House economic adviser Larry Kudlow confirmed Friday that the U.S. policy towards Chinese telecom giant Huawei would be a factor in the upcomin...
20:14 2019-07-05

Trade War May Be Slowing Business Spending and Factories, Fed Says A report by Federal Reserve officials said that United States economic activity increased at a “solid pace” in early 2019, but that risks still loome...
20:00 2019-07-05

Arizona mayor asks Nike to build planned factory there despite governor's opposition after sneaker controversy Mayor Georgia Lord of Goodyear, Arizona, has urged Nike to stick to plans to open a factory in her town despite Republican Gov. Doug Ducey pulling fi...
00:42 2019-07-05

Pay packet inequality growing worldwide, says new UN report Top earners around the world have seen their share of national income rise in the last decade and a half, while everyone else has seen their pay pack...
18:14 2019-07-04

Belief in Bootstraps Is Strongest Where Pulling Up Is Toughest Moving from poverty to wealth from one generation to the next is least likely in the South, but optimism there is greatest, tinged with political vie...
10:28 2019-07-04

China trade war could make next year's July 4 fireworks fizzle The fireworks industry is warning that a continued trade war with China could make next year’s Fourth of July displays fizzle early. The vast majorit...
08:28 2019-07-04

What job growth in June can reveal about a Fed rate cut in July Slowing private payroll growth in June, an indicator of broader labor market performance, will play a key role in whether the Federal Reserve cuts in...
19:28 2019-07-03

Boris Johnson embraces Trumpism with tax cut plan to boost UK economy The front-runner to become Britain’s next prime minister is planning to mirror one of President Trump’s signature tax cuts as he looks to secure econ...
14:56 2019-07-03

A small error in the tax reform law is crushing small retailers Thousands of small, family-run retailers like ours face enough of a challenge with Washington’s self-inflicted trade war, which is is raising costs a...
08:28 2019-07-03

USMCA progressing through 'side letters': Grassley Democratic congressional leaders and the Trump administration officials are inching towards an agreement on the U.S.-Mexico-Canada Agreement on trade...
01:00 2019-07-03

White House ups stakes in dispute with EU over Airbus The White House announced on Monday that it was adding $4 billion to a list of proposed tariffs that would be placed on European Union products as pa...
01:00 2019-07-03

'Dr. Doom' economist Nouriel Roubini sees trade war tipping global economy into a recession The rivalry between the U.S. and China could be so disruptive that it's starting to decouple the global economy and eventually causing a recessi...
15:28 2019-07-02

$300 billion in China tariffs still loom as a business worry Business groups warn that President Trump's Saturday announcement that the White House would not impose $300 billion in new tariffs on Chinese goods ...
13:14 2019-07-02

Monday’s Daily Brief: US-DPRK relationship reset, ‘Horrific’ Kabul bombing, Anti-conscription plan in Syria, Climate change heat stress, Security Council in Iraq This Monday, we cover: Guterres welcomes possible US-DPRK diplomatic upgrade; Taliban attack hits schools; UN-Syria action plan on child soldiers; Cl...
00:56 2019-07-02

Joe Biden wants to make 22 states more than double their minimum wage. What’s moderate about that? By flipping on the Hyde Amendment, Joe Biden ditched his moderate position on abortion by supporting taxpayer funding for it. Now it’s clear that he ...
23:28 2019-07-01

A China-U.S. Trade Truce Could Enshrine a Global Economic Shift Though details are scarce, any peace that leaves higher American tariffs in place could continue to hurt China’s status as the world’s factory floor....
18:42 2019-06-29

US-China trade talks 'back on track,' Trump says President Trump said the U.S. would resume trade talks with Beijing and would hold off on imposing new tariffs on $300 billion worth of Chinese goods...
16:14 2019-06-29

Congress: Pass immigration reform now to help immigrants like me I never expected to live in Richmond, Virginia. In fact, I never even imagined living in the United States. But after being here since 2017, I can’t ...
12:56 2019-06-29

Taxpayers deserve a maximum tax cut in Ohio’s new budget Ohio state lawmakers are on the verge of negotiating final, two-year budget legislation, after the Senate and House both passed competing budget bill...
22:42 2019-06-28

China spends $130B to finance its exports The Export-Import Bank estimated Friday that China provides $130 billion in credit and trade-related financing to bolster its exports, which helps ex...
18:56 2019-06-28

One year after Supreme Court Janus decision, unions are holding up better than expected On year after the Supreme Court ruling in Janus v. American Federation of State, County and Municipal Employees that was supposed to decimate public ...
09:56 2019-06-28

Tyler Cowen's Big Business analyzes mistrust of US industry but offers no cure In the fall of 1970, economist Milton Friedman wrote a now-famous article for the New York Times Magazine in which he argued that the sole responsibi...
09:56 2019-06-28

The media needs to stop getting the Republican tax cuts wrong With the 2020 election campaign heating up, the Republican tax cuts enacted in 2017 will be a major topic of debate. Most Republicans defend the tax ...
09:56 2019-06-28

Real workers know more about this economy than Elizabeth Warren It may come as no surprise to working men and women, but during the first Democratic presidential primary debate Elizabeth Warren clearly demonstrate...
09:56 2019-06-28

Pete Buttigieg is right: Tariffs are taxes on Americans Pete Buttigieg is a rising star in the Democratic party, and he certainly stood out from the crowd during Thursday night’s presidential debate. In a ...
09:56 2019-06-28

Security Council approves ‘historic’ political Haiti mission, ending UN peacekeeping role in the country The Security Council on Monday approved a resolution to create a UN “Integrated Office” in Haiti, designed to support the country’s government in str...
21:56 2019-06-27

Federal debt and deficits set to rise 'substantially,' budget office warns The Congressional Budget Office projected that the federal budget deficit will grow "substantially" over the next few decades, thanks to rising spend...
19:14 2019-06-27

Pelosi under pressure after Senate passes bipartisan border funding bill The Senate passed a $4.6 billion emergency spending bill to cope with the massive surge in illegal immigrants along the border, but the bipartisan me...
19:14 2019-06-27

Businesses that initially avoided Trump China tariffs now fear getting caught up in trade war Businesses that previously avoided the Trump administration's China tariffs now face levies on the same products under the latest proposal to put tar...
07:28 2019-06-22

Fed Officials Make the Case for Cutting Interest Rates as Risks Loom The presidents of the St. Louis and Minneapolis branches of the Federal Reserve want rates cut now, and even the central bank’s vice chair says uncer...
18:56 2019-06-21

Shattered ceiling: More college-educated women than men have jobs For the first time, there are more college-educated women than men in the labor force, according to the U.S. Bureau of Labor Statistics.FT_19.06.20_W...
15:42 2019-06-21

Senate panel advances emergency border funding The Senate Appropriations Committee approved a bipartisan emergency funding bill requested by President Trump to deal with the massive immigration su...
11:42 2019-06-20

Sen. Mike Braun: Despite gridlock, Congress has a real solution to address the border crisis When I arrived in Washington, the government was shut down due to the humanitarian and security crisis on our southern border. Six months later, as D...
11:42 2019-06-20

To Take Down Big Tech, They First Need to Reinvent the Law For decades, antitrust has focused on the welfare of the consumer. Now a backlash over Big Tech’s power has regulators and scholars trying to reverse...
11:14 2019-06-20

Republicans should reject Maxine Waters' bad Export-Import Bank deal Democrats are eager to ramp up a corporate welfare agency and load it up with some lefty mandates. That's no surprise. What's inexplicable is that at...
07:14 2019-06-20

Schumer demands investigation into Tubman $20 delay Senate Minority Leader Chuck Schumer is asking federal investigators to probe why the Trump administration postponed recreating the $20 bill with abo...
00:14 2019-06-20

Who pays the burden of Trump's Chinese tariffs? In a few weeks, depending on the outcome of testimony and due process procedures, the U.S.-China trade war may be escalated to an even more bitter le...
21:14 2019-06-19

Trump awarding Presidential Medal of Freedom to author of ‘Trumponomics’ President Trump will award the Presidential Medal of Freedom to economist Arthur Laffer, a top economist under former President Ronald Reagan's admin...
21:14 2019-06-19

Economy will face 'catastrophe' if Congress doesn't pass USMCA, Lighthizer says U.S. Trade Representative Robert Lighthizer told lawmakers Wednesday that the U.S. economy would suffer enormously if Congress doesn't ratify Preside...
21:14 2019-06-19

Fed leaves interest rates alone, resisting Trump's pressure for a cut The Federal Reserve left interest rates unchanged on Wednesday, resisting pressure from President Trump to reduce them as his trade disputes threaten...
20:14 2019-06-19

GOP offers $4.6B border ‘humanitarian’ plan, 86% for ‘migrant care’ Senate Republicans Wednesday offered up a $4.6 billion package for humanitarian assistance on the U.S.-Mexico border, with the bulk going to improve ...
18:28 2019-06-19

Here's Trump's winning message for 2020 President Trump launched his reelection campaign last night. It’s obviously anyone’s guess whether he can win. But if you’re getting your news from C...
18:00 2019-06-19

Lighthizer says US and China talking again on trade U.S. Trade Representative Robert Lighthizer said Wednesday that his office was once again in conversations with Chinese counterparts following a brea...
18:00 2019-06-19

Yes, AOC, your generation has seen American prosperity “An entire generation, which is now becoming one of the largest electorates in America, came of age and never saw American prosperity.” So says Rep. ...
07:56 2019-06-19

Lighthizer aims for trade deal with Japan in a few months U.S. Trade Representative Robert Lighthizer said Thursday that he expected to work out a trade deal with Japan within a few months, and warned that t...
04:42 2019-06-19

US housing starts fall in May, but starts for the prior two months were revised higher Housing starts fell in May, but building permits increased, suggesting that the housing market was drawing some support from a sharp decline in mortg...
19:42 2019-06-18

Democrats want to solve an inequality problem that doesn't exist Sen. Bernie Sanders, I-Vt., tells us that wealth inequality is at grotesque and immoral levels. Sen. Elizabeth Warren, D-Mass., has a plan to tax eve...
07:00 2019-06-18

Mastercard lets transgender users choose names on their cards (if banks agree) Mastercard, one of the two dominant U.S. payment networks, is introducing debit and credit cards that will let transgender users select whatever name...
02:56 2019-06-18

Chamber optimistic that Democrats want USMCA passed The Chamber of Commerce, the nation's largest business trade association, said Monday it was optimistic that Democrats in Congress would pass the U.S...
02:56 2019-06-18

India slaps tariffs on US fruits and nuts India has slapped retaliatory tariffs of up to 120% on 28 U.S. goods totaling $240 million, including almonds, apples, chickpeas, and walnuts, in ret...
02:56 2019-06-18

Trudeau to prod Democrats on USMCA Canadian Prime Minister Justin Trudeau will lobby House Speaker Nancy Pelosi, D-Calif., to take up the U.S.-Mexico-Canada Agreement on trade during a...
02:56 2019-06-18

Bipartisan leaders, Trump administration to huddle on elusive budget deal Trump administration officials and bipartisan House and Senate leaders are set to meet again this week in an effort to revive stalled negotiations on...
01:56 2019-06-18

Clothes-makers open China tariff hearings with warnings of 'devastating' consequences Clothing-makers called on the Trump administration Monday to forgo placing 25% tariffs on $300 billion worth of goods imported from China, arguing th...
19:42 2019-06-17

9.7 billion on Earth by 2050, but growth rate slowing, says new UN population report By the year 2050, there will be some 9.7 billion people living on Earth, says a UN population report released on Monday. However, the overall growth ...
19:14 2019-06-17

24 billion tons of fertile land lost every year, warns UN chief on World Day to Combat Desertification In a video message released in advance of the World Day to Combat Desertification and Drought, marked on Monday, UN Secretary-General António Guterre...
04:56 2019-06-17

Trade war costs overpower tax-cut gains at Cummins. Consumers may be next At enginemaker Cummins Inc., the costs of President Trump's trade war have already topped savings from sweeping corporate tax cuts enacted by a Repub...
11:14 2019-06-16

Poll finds little Republican support for spending cuts A majority of Republican voters oppose federal spending cuts to areas such as healthcare, the environment, and social welfare programs, according to ...
19:42 2019-06-15

Don't let oil prices drive Iran policy, Mr. President Iran's escalation of hostility in the Gulf of Oman is a dangerous situation. Targeting civilian oil and chemical tankers, Iran is threatening free pa...
07:14 2019-06-15

Trump's 'secret' agreement with Mexico revealed President Trump teased the media this week when he dangled a one-page document he said contained a "secret" deal with Mexico in front of journalists....
02:56 2019-06-15

The Fed is likely to drop 'patient' word next week, clearing way for July cut, economists say The Fed is not likely to make a move on interest rates when it meets next week, but it is expected to smooth the way for a rate cut later in the summ...
17:14 2019-06-14

US business inventories rebound; sales fall U.S. business inventories rebounded in April as sales fell, but inventory accumulation is still expected to be a drag on economic growth in the secon...
17:14 2019-06-14

With US-China talks stalled, critics fear tariffs will stay for the long term Lawmakers and the business community are growing increasingly concerned that President Trump's tariffs on Chinese goods will be around for the long t...
06:56 2019-06-14

Hispanics stick with Trump despite tough border stance President Trump is poised to launch his 2020 reelection as popular with Hispanic voters as other Republicans, bucking predictions that provocative na...
06:56 2019-06-14

He who Laffs last When President Trump announced he was awarding the Presidential Medal of Freedom to economist Arthur Laffer, there were groans of dismay in Washingto...
05:28 2019-06-14

Why South America's prospects are looking up My career as a financial tipster lasted only a few seconds, but, if I say so myself, it went rather well. In the hours that followed Donald Trump’s e...
05:28 2019-06-14

US weekly jobless claims unexpectedly rise, sparking fears the labor market is losing steam First-time claims for state unemployment benefits were expected to total 216,000, down slightly from the 218,000 claims reported for the previous wee...
16:00 2019-06-13

US import prices post the largest drop in 5 months U.S. import prices fell by the most in five months in May amid a broad decline in the cost of goods, the latest indication of muted inflation that st...
16:00 2019-06-13

Jobs and education help women advance, not abortion Kathryn Kaufman, the managing director for Global Women's Issues at the Overseas Private Investment Corporation, recently wrote that as a Republican ...
14:28 2019-06-13

Trump accuses China of backing away from trade deal President Trump claimed Wednesday that the U.S. had a trade deal with China mostly complete in late April before Beijing tried to walk back concessio...
23:00 2019-06-12

Georgia PM: We've fought together — now let's do business I have a quiz for my friends in the United States: Which country has sent troops to serve alongside American forces in Afghanistan, Iraq, and Kosovo?...
23:00 2019-06-12

Bernie Sanders leans into socialist label, touts 'economic bill of rights' Vermont Sen. Bernie Sanders, a 2020 Democratic presidential candidate, on Wednesday outlined his vision for a new "21st century economic bill of righ...
23:00 2019-06-12

Party of the rich? Millionaires prefer Joe Biden over Trump It must be true that the Democrats are the party of the downtrodden rather than the millionaires, for they tell us so repeatedly. What's odd, though,...
23:00 2019-06-12

Young New Yorkers bring robots, and a glimpse of the future, to UN Headquarters Tiny balls moved along a series of automated Lego robots, as young students from New York explained to United Nations staff the inner-workings of sim...
22:42 2019-06-12

Mick Mulvaney guzzles the deficit Kool-Aid As a member of the House of Representatives, Mick Mulvaney was a stalwart voice for deficit reduction and spending reform. He recognized that entitle...
15:00 2019-06-12

Soft inflation data on Wednesday could spark more speculation for a Fed rate cut soon Consumer price inflation was expected to have increased at a pace of 1.9% in May, slower than in April and below the Federal Reserve's 2% target...
13:14 2019-06-12

Rep. Crenshaw sends X-ray of missing eye to journalist who questioned his patriotism Texas Rep. Dan Crenshaw fired back at a New York Times contributing opinion writer for questioning his patriotism and claiming he was not signed on t...
02:42 2019-06-12

Senate will try to advance Trump's border funding request next week The Senate next week will try to advance President Trump’s emergency spending request to deal with the massive surge in illegal immigration on the Te...
00:42 2019-06-12

Mitch McConnell: 'The president deserves applause' on agreement with Mexico Senate Majority Leader Mitch McConnell congratulated President Trump after Trump’s gambit to force Mexico to adopt stiffer immigration policies paid ...
00:14 2019-06-12

College students need new financial habits to avoid piling up credit card debt The broke college kid isn’t just a stereotype: A new survey shows that 36% of college students have more than $1,000 in credit card debt. EVERFI, an ...
00:14 2019-06-12

Macron leads EU-wide minimum wage call as Merkel, Medvedev warn of global injustice  “Fundamental change” to the world of work – including an EU-wide minimum wage – is needed to address the growing gap between society’s haves and have...
19:01 2019-06-11

Biden reverses course: 'We need to get tough with China' Former Vice President Joe Biden on Tuesday plans on reversing his earlier stance on China, acknowledging during remarks in Iowa he is "worried" about...
16:56 2019-06-11

Trump says 'devalued' currencies put US at a disadvantage and the Fed doesn't have a 'clue' President Donald Trump said Tuesday the U.S. is at a disadvantage compared to other major currencies like the euro as other central banks keep intere...
15:28 2019-06-11

Border troops, nuclear strategy and Space Force among flashpoints in House defense proposal The House Committee on Armed Service's proposal for next year's defense budget covers sharp policy disagreements between the panel's majority Democra...
14:28 2019-06-11

That big 'Trump bump' in manufacturing is pretty much gone now Manufacturing had been one of the big winners during the Trump administration, but the surge appears to have stalled and tariffs could be at least pa...
13:28 2019-06-11

Brexit leader Nigel Farage poised to open his own trade talks with Trump LONDON — Nigel Farage, the leader of Britain’s Brexit Party, is planning to start his own trade talks with the White House amid frustration that the ...
08:14 2019-06-11

Canada-style refugee deal still on the table in Trump talks with Mexico The Trump administration's deal with Mexico on Friday to avoid tariffs could lead to Mexico adopting the same agreement Canada has with the U.S. rega...
08:14 2019-06-11

House cancels vote on pay raises for lawmakers House Democrats withdrew a bill scheduled for a vote this week that would have provided a cost of living pay increase to lawmakers and congressional ...
02:42 2019-06-11

Space Force back in House version of defense policy bill Democrats and Republicans on the House Armed Services Committee have agreed on a slimmed-down version of President Trump's Space Force and plan to ad...
22:42 2019-06-10

Monday’s Daily Brief: the future of food and digital tech, labour justice in focus, denuclearization, and Kosovo This Monday, top stories includes: a new report on risks and opportunities of digital technology; social justice for all at the centenary UN labour c...
22:14 2019-06-10

UN makes ‘declaration of digital interdependence’, with release of tech report The digital future must be safer and more inclusive, says a new tech report, “the Age of Digital Interdependence”, released on Monday by the UN High ...
21:01 2019-06-10

The future of work ‘with social justice for all’ tops agenda of centenary UN Labour conference The Centenary International Labour Conference got underway on Monday at the UN in Geneva, with ILO chief Guy Ryder, calling on hundreds of delegates ...
21:01 2019-06-10

Trump slams the Chamber of Commerce over tariffs disagreement President Trump said Monday that the U.S. Chamber of Commerce was critical of his tariffs and immigration policies because it doesn't represent the i...
18:56 2019-06-10

In an era of big corporate deals, CNBC's Top States for Business reveals who has an edge CNBC will release its America's Top States for Business 2019 survey in July. This year's competitive landscape is especially tricky, thanks...
16:28 2019-06-10

Mexico: Tariff deal with US struck 'fair balance' Mexican negotiators hailed the new tariff-averting immigration deal with the United States as a “fair balance” between their priorities and the more ...
01:42 2019-06-09

US business groups relieved Mexican tariffs averted The nation's leading business groups expressed relief Saturday over the White House's announcement it had reached a deal with Mexico and would be dro...
23:42 2019-06-08

China Summons Tech Giants to Warn Against Cooperating With Trump Ban Chinese officials told the companies there would be dire consequences if they cut sales or pulled production from China, people familiar with the mee...
09:28 2019-06-08

Trump cheers Dow's best week of the year The Dow Jones Industrial Average climbed more than 250 points Friday, ending the index's best week of the year, as lackluster economic news prompted ...
05:56 2019-06-08

Trump likely to win his interest-rate cut after dour jobs data If there's an upside for the White House in May's lackluster employment growth, it's this: the Federal Reserve is far more likely to grant the intere...
23:28 2019-06-07

Trump says 'good chance' of deal with Mexico President Trump kept hopes alive Friday that U.S. would reach a deal with Mexico to end his threat to levy new tariffs on all of its goods starting M...
23:28 2019-06-07

Key economic forum in Russia: New technology a ‘vector of hope’ but also ‘a source of fear’ says Guterres Technological innovation is continuing to transform the world, with the potential to propel us all towards reaching the 2030 Sustainable Development ...
21:14 2019-06-07

White House economist: Jobs report shows risks to economy, but still reasons for optimism Top Trump economic adviser Kevin Hassett said that Friday’s jobs report indicates higher risks to the economy but that he remains hopeful job growth ...
20:42 2019-06-07

Pelosi: Jobs report shows Trump 'hollowing out our economy' House Speaker Nancy Pelosi said the May Department of Labor report showing only 75,000 jobs were created “is a disturbing sign that the Administratio...
18:42 2019-06-07

White House delays tariff hike on numerous Chinese products The U.S. Trade Representative's Office announced on Friday that it was officially delaying for a week tariff hikes on numerous products imported from...
18:42 2019-06-07

Record low unemployment for workers without bachelor’s degrees in May Unemployment for workers without bachelor’s degrees fell to the lowest rate on record in May, according to Bureau of Labor Statistics data released F...
15:56 2019-06-07

Why is Planned Parenthood flipping out over the Hyde Amendment if abortion is really 3% of what they do? At one time, the Democratic Party took a seemingly moderate stance on abortion. Many of their politicians, including Hillary Clinton, even endorsed "...
07:56 2019-06-07

Georgia stands to lose $9.2 billion in Hollywood business Initially, Georgia Gov. Brian Kemp dismissed the Hollywood actors criticizing the so-called heartbeat abortion bill he signed in early May as "C-list...
05:28 2019-06-07

Trade negotiators cope with Trump’s surprise comments President Trump’s surprise threat to impose new tariffs on Mexico over immigration underscored that he has been a disruptive force not just to U.S. t...
05:28 2019-06-07

Why Louisiana is missing out on the Trump boom It’s morning in America again. After years of economic stagnation under former President Barack Obama, America is booming. Thanks to President Trump’...
21:00 2019-06-06

Trump says 'at least' $300B in new China tariffs possible President Trump said Thursday that while trade negotiations remain ongoing with China, his administration was preparing "at least" $300 billion in ne...
21:00 2019-06-06

Trump says he'll decide on China tariffs after G-20 summit President Trump said Thursday that he would make a decision on whether to impose 25% tariffs on $300 billion of Chinese goods after the G-20 summit i...
21:00 2019-06-06

Mexican president optimistic for deal with White House to avoid tariffs Mexican President Andrés Manuel López Obrador said Thursday he remained optimistic that a deal with the Trump administration could be reached to avoi...
21:00 2019-06-06

Democrat to force vote on Mexico tariffs if Trump follows through on threat House Ways and Means Committee Chairman Richard Neal said Thursday that he will introduce legislation to block President Trump from imposing new tari...
21:00 2019-06-06

Warren recognizes 2020 campaign staff union Elizabeth Warren acknowledged Thursday that her presidential campaign staff had unionized, meaning that she will not contest the International Brothe...
21:00 2019-06-06

Bernie Sanders’ socialist policies would crush the Walmart workers he says he’s fighting for Sen. Bernie Sanders, I-Vt, isn’t one to mince words when it comes to corporate greed. On Wednesday, the presidential candidate attended a Walmart sha...
21:00 2019-06-06

Walmart against monopolies: The retail giant is filing a price-fixing lawsuit against a shady Brazilian meatpacker In late May, Walmart filed an antitrust lawsuit against over a dozen poultry producers, including Pilgrim's Pride, a subsidiary of the Brazilian-owne...
02:14 2019-06-06

Longtime US Chamber of Commerce CEO Tom Donohue to step down in 2022 Longtime U.S. Chamber of Commerce head Tom Donohue will step down as CEO in June 2022, the business group said Wednesday, and relinquish his title as...
00:14 2019-06-06

Walmart and the Bernie Sanders school of Chernobyl economics Sen. Bernie Sanders, I-Vt., reminded us on Wednesday that he has about as much economic sense as President Trump has Twitter decorum. The socialist s...
00:14 2019-06-06

Putin Aims to Revive the Economy With a Plan. And Pianos. As Russian officials unveil a spending plan aimed at doubling growth in its troubled economy, critics see a $400 billion effort in Soviet-era plannin...
23:56 2019-06-05

Trump administration discontinues English classes, recreational programs for unaccompanied minors in shelters The Trump administration is ending English classes, recreational activities, and legal aid for unaccompanied minors in federal migrant shelters becau...
22:14 2019-06-05

Trump says 'every signal' is China wants a trade deal President Trump said Wednesday China wants to reach a trade deal with the United States. He also predicted that a deal with Mexico to avoid creating ...
22:14 2019-06-05

Revisiting the old New Deal When Alexandria Ocasio-Cortez and her allies proposed a new stimulus package to take on climate change and income inequality, they called it the Gree...
22:14 2019-06-05

The Tariff Man's Mexican mischief In an ironic turn of events, the day after President Trump shocked the world with his plan to impose border taxes on all imports from Mexico beginnin...
22:14 2019-06-05

Trump's trade war could cost him Texas and the presidency As Senate Republicans wait on tenterhooks for Vice President Mike Pence to talk trade with Mexico's foreign minister, a new Quinnipiac poll should ha...
22:14 2019-06-05

Mexico readies list of US products for retaliation if Trump follows through with tariffs threat Mexican President Andrés Manuel López Obrador has received a list of U.S. products that his country would slap with tariffs if President Trump follow...
22:14 2019-06-05

Border state governor criticized from all angles for supporting Trump's tariff plan Arizona Gov. Doug Ducey, a Republican, has made several enemies in backing President Trump’s new tariffs on Mexico. Ducey says border states such as ...
22:14 2019-06-05

Elizabeth Warren is wrong: This race really is about the size and scope of government Presidential hopeful Sen. Elizabeth Warren, D-Mass., wants you all to know that she is very much a capitalist and a patriot. So much so she wants to ...
16:42 2019-06-05

Yes, a nationwide $15 minimum wage would be quite damaging Praise be, we now have the economic research to prove that higher minimum wages have no ill effects, so let's push onward to $15 an hour for all, rig...
07:42 2019-06-05

Republicans join Democrats to kill Rand Paul's fiscally responsible Pennies Plan because no one cares about the debt crisis That was a nice decade of Republicans pretending to care about our $22 trillion national debt and annual multitrillion-dollar deficit. But as of Mond...
07:42 2019-06-05

Stocks Jump as Fed’s Powell Suggests Rates Could Come Down Jerome H. Powell, the Federal Reserve chairman, said the central bank was “closely monitoring” trade and “as always, we will act as appropriate” to s...
00:28 2019-06-05

Mexican president expects immigration tariff deal with US soon Mexican President Andrés Manuel López Obrador said Tuesday he believes a deal is close that would end the Trump administration's threat to impose tar...
21:00 2019-06-04

Warren proposes creating 'Department of Economic Development' modeled after China's policies Sen. Elizabeth Warren, D-Mass., a top contender for the Democratic presidential nomination, proposed Tuesday replacing the Commerce Department with a...
21:00 2019-06-04

Republican senator predicts Congress will try to vote down Trump tariffs on Mexico Sen. Rob Portman, R-Ohio, said Tuesday he believes Congress would engage in a bipartisan vote to disapprove of President Trump's new tariffs on Mexic...
21:00 2019-06-04

Trump expects Mexico tariffs to go into effect next week President Trump said Tuesday that his administration would likely go ahead and impose new tariffs on Mexico on Monday despite talks this week between...
21:00 2019-06-04

On fourth try, House passes $19.1B disaster aid package House lawmakers cleared a critical disaster aid package Monday, overruling a group of conservatives who had blocked unanimous consent of the measure ...
06:56 2019-06-04

Rich states, poor states: How a federal minimum wage hike would widen the gap With growing enthusiasm for lifting the federal minimum wage in Congress, it’s time to consider some data on wages and differences in the cost of liv...
22:42 2019-06-03

Chipotle to consider raising prices in response to Trump tariffs Chipotle Mexican Grill is considering increasing prices after 2019 costs are predicted to rise by about $15 million because of tariffs proposed last ...
22:42 2019-06-03

Mexico rejects idea to keep Central American asylum seekers Mexican Foreign Minister Marcelo Ebrard said Monday that his country would reject a proposed solution to the immigration and tariff stand-off with th...
22:42 2019-06-03

Trump can help the UK out of the Brexit madness The slow motion resignation of long-since powerless British Prime Minister Theresa May, who is embarrassingly clinging to office until after Presiden...
06:42 2019-06-03

Mulvaney: Mexico tariffs a response to 'extraordinary circumstances' at the border Acting White House chief of staff Mick Mulvaney said that the president’s move to impose tariffs on Mexico stemmed from “extraordinary circumstances”...
18:14 2019-06-02

Trump dismisses attempt by ‘abuser’ Mexico to negotiate tariffs President Trump Sunday derided Mexico's effort to negotiate away his threat to impose 5% tariffs, calling the nation an "abuser" of the United States...
17:56 2019-06-02

NIMBY California Democrats California's increasingly left-wing residents want open borders, and they want their state to give handouts to immigrants, legal and illegal. But the...
09:14 2019-06-02

Harris breaks with Schumer to take aim at 'Trump's trade tax' SAN FRANCISCO — California Sen. Kamala Harris attacked President Trump's tariffs against China as a "trade tax" against average Americans during her ...
22:14 2019-06-01

US-Mexico talks to resolve tariff stand-off start next week Mexican Foreign Minister Marcelo Ebrard said talks are already being planned between his country and the U.S. to resolve President Trump's threat to ...
12:56 2019-06-01

Conservative immigration analysts: Trump tariffs could worsen border crisis Conservative immigration experts warned Friday that President Trump's threat to impose a tariff on Mexican imports would have "devastating" consequen...
12:56 2019-06-01

Chamber of Commerce could challenge Trump's Mexico tariffs in court The Chamber of Commerce may give President Trump a legal fight over his plan to slap 5% tariffs on all Mexican goods, eventually rising to 25%, if th...
04:14 2019-06-01

GOP lawmakers say Trump's Mexican tariffs endanger USMCA Republican lawmakers warn that President Trump has imperiled the ratification chances of his U.S.-Mexico-Canada Agreement on trade by announcing a 5%...
22:56 2019-05-31

Friday’s Daily Brief: Fundraising for Mozambique, Assange’s rights, Asia-Pacific development, Somalia updates This Friday, we cover: a donor conference to support life-saving and recovery aid for Mozambique following two recent devastating cyclones; the need ...
21:42 2019-05-31

Business groups warn Trump's new tariffs on Mexico jeopardize USMCA The nation's leading business trade associations warned that President's Trump's decision to slap tariffs on Mexico to force it to halt mass immigrat...
21:42 2019-05-31

Trump's trade director has his thinking on imports all wrong Writing about free and fair trade recently in the Wall Street Journal, President Trump’s director of trade and manufacturing policy Peter Navarro too...
15:28 2019-05-31

Report shows tax incentives hurt states' fiscal health Under criticism from newly elected Rep. Alexandria Ocasio-Cortez, D-N.Y., and other progressive politicians, e-commerce giant Amazon pulled out of it...
06:28 2019-05-31

Disney and Netflix should quit Georgia and quit seeking subsidies It’s a story you’ve seen before. Red states pass laws the Left find objectionable, and within days, the entertainment sector threatens to leave that ...
05:56 2019-05-31

Trump could threaten Mexico with tariffs over immigration President Trump is reportedly planning to threaten Mexico with new sanctions in order to encourage the country to crack down on illegal border crossi...
05:56 2019-05-31

Conservatives can't win cultural wars without capitalist ones The current mini-fracas fracturing the Right has little to do with President Trump or even tone, as Sohrab Ahmari insists, but rather which trade-off...
05:56 2019-05-31

Top union hit with 'unfair practices' claim by union for its office workers The union representing office workers for the Service Employees International Union filed an unfair practices complaint against the larger union Thur...
05:56 2019-05-31

Third House conservative blocks $19B disaster aid measure For the third time in a week, House conservatives blocked a $19.1 billion disaster aid package, chastising lawmakers for attempting to pass a major s...
23:42 2019-05-30

Uber’s First Earnings Report After I.P.O. Shows Slowing Growth and $1 Billion Loss The results compounded a turbulent few months for Uber. After its market debut, investors have questioned whether the deeply unprofitable company cou...
23:00 2019-05-30

Monthly US trade deficit rises slightly to $72.1 billion The U.S. Census Bureau reported Thursday that the international trade deficit in goods rose to $72.1 billion in April, up a marginal 0.3% from March'...
19:00 2019-05-30

US weekly jobless claims increase slightly First-time claims for state unemployment benefits were expected to total 215,000 in the most recent week, following the 211,000 claims reported for t...
16:00 2019-05-30

April pending home sales fall unexpectedly Home shoppers signed 1.5% fewer contracts to buy existing homes in April compared with March, according to the National Association of Realtors'...
16:00 2019-05-30

Jobs are at stake — pass the USMCA At the end of 2018, the Trump administration finalized the renegotiated North American Free Trade Agreement, resulting in a new trade deal now called...
08:28 2019-05-30

US moves to impose tariffs on Chinese kegs, mattresses The Commerce Department announced Wednesday that it would impose duties from 39% to as high as 1,732% on imports of Chinese mattresses. In a separate...
03:14 2019-05-30

USMCA's fate up to Pelosi, White House official says The fate of President Trump's U.S.-Mexico-Canada Agreement on trade is entirely based on whether House Speaker Nancy Pelosi, D-Calif., agrees to sche...
01:00 2019-05-30

CBO director says economic growth will fall below 2% Outgoing Congressional Budget Office Director Keith Hall said Wednesday that he expected economic growth to dip in coming years, and that President T...
01:00 2019-05-30

Canada begins process to ratify USMCA trade deal Canadian Prime Minister Justin Trudeau formally introduced legislation to his country's parliament Wednesday to ratify the U.S.-Mexico-Canada Agreeme...
01:00 2019-05-30

‘Ground-breaking innovation’ is needed in cities, where ‘the battle for sustainable development will be won or lost,’ says UN human settlements chief If the battle to achieve the Sustainable Development Goals (SDGs) is to be won or lost in cities, then they need to “achieve a lasting impact on comm...
23:42 2019-05-29

Illinois plans to self-destruct Here's a basic principle for 21st-century governance: to attract investment and high-skilled workers, a government must make it attractive to do busi...
18:42 2019-05-29

Chamber lobby sees Congress moving on USMCA without fulfilling Democratic demand for renegotiation The U.S. Chamber of Commerce sees congressional Democrats backing off their demand that President Trump's U.S.-Mexico-Canada Agreement on trade must ...
18:42 2019-05-29

China hints at cutting off US from rare earth minerals The Chinese government threatened Wednesday to limit exports of rare earths — chemical components used in various types of high-tech equipment — as p...
18:42 2019-05-29

Asia-Pacific ‘regional parliament’ underway to advance equality, empowerment, for more than four billion citizens The top United Nations body in the Asia-Pacific region opened its annual session this week, calling for greater empowerment of disadvantaged and marg...
17:42 2019-05-29

Bernie Sanders and AOC basically want to ban credit cards Rep. Alexandria Ocsaio-Cortez, D-N.Y., and 2020 candidate Sen. Bernie Sanders, I-Vt., have apparently decided to try to ban credit cards. Sure, that'...
23:28 2019-05-28

Trump's China tariffs drag business profitability to pre-tax cut levels The likelihood of corporate profit margins tumbling from a 2018 record to pre-tax cut levels or lower increased after President Trump brushed off the...
23:28 2019-05-28

College costs rising faster than inflation College costs are about to get even higher. The Higher Education Price Index is forecasting inflation for U.S. colleges and universities to increase ...
17:42 2019-05-28

Hollywood's boycott of Georgia over heartbeat bill could squeeze state's economy A boycott of Georgia spearheaded by actors and producers in the wake of the state’s new abortion restriction threatens to upend its position as the H...
09:00 2019-05-25

The world's largest shipping firm warns of 'considerable uncertainties' as trade tensions rise Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing econo...
16:42 2019-05-24

China denounces US 'rumors' and 'lies' about Huawei ties to Beijing China denounced U.S. Secretary of State Mike Pompeo for fabricating rumors after he said the chief executive of China's Huawei was lying about h...
16:42 2019-05-24

Trump ratchets up farm assistance as trade war broadens The $16 billion in aid to farmers that the Trump administration announced Friday is an increase on the $12 billion aid package last year. Administrat...
09:56 2019-05-24

Trump-China trade war assistance package includes $14.5B in 'direct payments' to farmers The Trump administration said Thursday that it would provide $14.5 billion in "direct payments" to farmers as part of an aid package to offset the da...
02:42 2019-05-24

Trump says he may send USMCA deal to Congress soon, triggering deadline President Trump said Thursday that he may send his U.S.-Mexico-Canada Agreement on trade to Congress soon, imposing a 60-day deadline for lawmakers t...
02:42 2019-05-24

Trump Gives Farmers $16 Billion in Aid Amid Prolonged China Trade War The Trump administration announced an aid package for farmers on Thursday to mollify an important political constituency hurt by a trade clash with C...
21:14 2019-05-23

Trump administration unveils $16 billion bailout to farmers hurt by China trade war The Trump administration announces a $16 billion aid program for American farmers that includes a three-pronged package of aid for American farmers w...
21:00 2019-05-23

Americans aren't having enough kids, and it shows Americans aren’t having babies like they used to. In fact, the U.S. birthrate fell to a 32-year low last year, according to a new report from the Cen...
20:42 2019-05-23

House passes fix for Gold Star family tax hikes The House of Representatives on Thursday passed a fix to a glitch in the 2017 GOP tax overhaul that generated big tax hikes on federal survivor benef...
20:42 2019-05-23

Many Adults Would Struggle to Find $400, the Fed Finds Household finances are improving in a strong job market, but just six in 10 adults still could cover a surprise expense without selling something or ...
19:14 2019-05-23

Trump Administration to Announce Farm Aid to Ease Pain of Trade War The Trump administration is preparing to announce a substantial aid package for farmers as early as Thursday to mollify an important political consti...
18:28 2019-05-23

US weekly jobless claims unexpectedly fall First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, up slightly from the 212,000 claims report...
17:14 2019-05-23

USDA chief Sonny Perdue promises $16B for farmers to offset China trade war losses Agriculture Secretary Sonny Perdue said Thursday that the administration will offer $16 billion in aid to farmers to offset the losses caused by the ...
16:00 2019-05-23

Majority of Americans approve of Trump's handling of economy, credit his policies: Poll A majority of Americans approve of how President Trump has handled the economy, feel confident about their personal finances, and believe Trump's pol...
08:00 2019-05-23

House set to send Trump a fix for Gold Star family tax hikes The House is set to pass legislation on Thursday that would fix a quirk in the 2017 GOP tax overhaul that has generated big tax hikes on federal surv...
08:00 2019-05-23

Sen. John Thune: The Senate is working for America During his 1980 debate with then-President Jimmy Carter, Ronald Reagan famously asked Americans whether they were better off than they’d been four ye...
08:00 2019-05-23

Republicans fret Trump tariffs could backfire in 2020 even as they applaud stand against China SAVANNAH, Ga. — Republicans fret the confrontation with China could spiral out of control and derail the booming economy they are counting on to hold...
08:00 2019-05-23

Infrastructure week appears to be dead. Good I have little interest in posturing Democratic investigations into the Trump administration, or in President Trump's often intemperate reaction to th...
23:56 2019-05-22

Democrats dig in against USMCA vote Key Democrats said Wednesday that they still opposed moving forward on President Trump's U.S.-Mexico-Canada Agreement on trade until some further cha...
21:28 2019-05-22

Sooner or later, Americans will get fed up with the Jones Act The maritime industry may not like being compared to the Sicilian Mafia, but there is an element of truth to this analogy when considering the quick ...
21:28 2019-05-22

Grassley says China stalling on trade in hopes Democrat replaces Trump Senate Finance Committee Chairman Chuck Grassley, R-Iowa, said Wednesday that he now believes that China is intentionally stalling in trade talks wit...
21:28 2019-05-22

With potential to boost profits by up to 20 per cent, a woman’s place is at work, says UN labour agency Businesses perform better – sometimes by as much as 20 per cent – when they employ more women in top positions, UN labour experts said on Wednesday, ...
17:42 2019-05-22

Texas, don't even think about importing California's rail disaster Last week, the Trump administration fulfilled yet another promise when it canceled nearly $1 billion in taxpayer funding for California’s high-speed ...
10:42 2019-05-22

Senate passes bill to fix tax hike on Gold Star families The Senate unanimously passed legislation Tuesday to fix a quirk in the tax code that resulted in Gold Star families seeing huge tax increases on the...
00:28 2019-05-22

The real reason millennials are in such bad financial shape According to the Wall Street Journal, new data show millennials are in "worse financial shape than every preceding living generation." The most commo...
00:28 2019-05-22

Amidst high trade tensions and policy uncertainty, UN cuts economic growth forecast Against a backdrop of unresolved trade tensions, high international policy uncertainty and softening business confidence, the UN on Tuesday announced...
00:14 2019-05-22

An Economist Who Believes Only Government Can Save Capitalism In “People, Power, and Profits,” Joseph E. Stiglitz argues that more state involvement in the economy is part of the solution, not part of the proble...
23:28 2019-05-21

In China, Some Fear the End of ‘Chimerica’ As the trade war with the U.S. threatens to decouple the world’s two largest economies, some in China argue that the two sides benefit from the relat...
23:28 2019-05-21

McConnell: Bipartisan deal to raise debt ceiling and spending caps as soon as today Senate Majority Leader Mitch McConnell on Tuesday announced congressional leaders are close to a two-year deal to lift spending caps and raise the de...
22:42 2019-05-21

So-called 'Medicare for all' gets its 15 minutes of infamy Last week, the House Rules Committee held a landmark hearing on "Medicare for all." The idea's advocates championed the hearing as a major step towar...
21:00 2019-05-21

Former Bush economist Phillip Swagel to lead Congressional Budget Office Former Treasury official Phillip Swagel will serve as the new director of the Congressional Budget Office, the nonpartisan office that provides budge...
21:00 2019-05-21

'Like taking candy from a baby': Pentagon accuses defense contractor of 'gouging our taxpayers' Congress took aim at a key defense contractor Wednesday for what the Pentagon's acquisition chief called "gouging our taxpayers" using "a disgraceful...
21:00 2019-05-21

Wall fight looms again as lawmakers prep for budget talks The House, Senate, and White House are poised to begin talks next week on a budget deal and raising the debt ceiling, but an accord on 2020 spending ...
21:00 2019-05-21

For infrastructure funding, follow the money on the Coca-Cola highway It has not been voted on or formally proposed yet, but a bipartisan effort to increase federal spending on infrastructure could be coming in the near...
21:00 2019-05-21

Get mad at Justin Amash all you want, but he’s still the biggest fiscal conservative Most Republicans are mad at Rep. Justin Amash, R-Mich., right now for saying that President Trump’s behavior during special counsel Robert Mueller's ...
21:00 2019-05-21

Beijing defiant on trade war: 'No one should expect China to swallow bitter fruit' The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese l...
19:56 2019-05-21

JP Morgan: The US-China tariff battle is just the start of a global trade reordering "I think we have to recognize as equity investors, in particular, this is now the new normal," said James Sullivan, head of Asia ex-Japan equity rese...
19:56 2019-05-21

Fed's Williams says policymakers need to better prepare for a lower interest rate world Torturously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilize the glob...
19:56 2019-05-21

US weekly jobless claims fall more than expected First-time claims for state unemployment benefits were expected to total 220,000 for the most recent week, down from the 228,000 claims reported for ...
19:56 2019-05-21

Be a faithful fiduciary — keep politics out of your decisions when investing other people's money Amid growing calls for divestment from several industries, Milton Friedman’s view on the role of business in politics bears repeating. Friedman expla...
19:42 2019-05-21

They Got Rich Off Uber and Lyft. Then They Moved to Low-Tax States. Meet the semiretired millennials who left California for low-tax, low-stress places like Texas, as their former start-ups stampede toward the stock m...
18:28 2019-05-21

Trump Could Raise Tariffs on China. Here’s How China Could Respond. Beijing could match what the United States does, and its options include upping the ante in untraditional ways. But most of its choices come with dra...
18:28 2019-05-21

Nonfiction: An Economist Who Believes Only Government Can Save Capitalism In “People, Power, and Profits,” Joseph E. Stiglitz argues that more state involvement in the economy is part of the solution, not part of the proble...
18:28 2019-05-21

U.S.-China Trade Standoff May Be Initial Skirmish in Broader Economic War The United States is wary of China’s growing role in the global economy and its tactics for getting ahead. China sees some of the demands as infringi...
18:28 2019-05-21

U.S. Birthrate Drops 4th Year in a Row, Possibly Echoing the Great Recession The birthrate hit a 32-year low and the fertility rate reached a record low in 2018, bringing the United States more in line with other wealthy count...
18:28 2019-05-21

Idai disaster: Stranded victims still need rescue from heavy rains as UN scales up response Dire conditions persist in vast areas of southern Africa affected by Cyclone Idai as heavy rain continues to cause “massive destruction”, the UN said...
18:14 2019-05-21

Education critical to ensure future of forests, and reverse their destruction The UN drew attention to the vital role that forests play in addressing some of the world’s greatest environmental challenges on Thursday, and the im...
18:14 2019-05-21

The sun’s impact on Earth and weather celebrated, as planet marks World Meteorological Day Against a background of serious warnings against the effects of climate change, World Meteorological Day this year celebrates the crucial role played...
18:14 2019-05-21

‘Negative forces’ at work in DR Congo threaten ‘largely peaceful’ relations across Great Lakes region, says outgoing UN envoy The UN’s outgoing Special Envoy for Africa’s Great Lakes region on Tuesday said countries there had made “important steps towards durable peace and s...
18:14 2019-05-21

At Arab League Summit, Guterres reaffirms strong link between UN and people of Arab world Attending the Summit of the League of Arab States in Tunis, Tunisia, on Sunday, UN Secretary-General António Guterres, recognized the critical import...
18:14 2019-05-21

UN highlights profound implication of population trends on sustainable development The United Nations is highlighting the important role that population trends play in promoting sustainable development, during the annual Commission ...
18:14 2019-05-21

Fight against climate change and poverty will fail without overhaul of global financial system, says major UN report A major new UN-led report, involving more than 60 international organizations, warns that a comprehensive overhaul of the world’s financial system is...
18:14 2019-05-21

IMF cuts global growth outlook, but predicts pick up later in 2019 The outlook for global growth is at its lowest since the financial crisis, but expected to pick up in the second half of 2019, the International Mone...
18:14 2019-05-21

Friday’s Daily Brief: UN chief in China, counter-terrorism, updates from Bangladesh, Mali and Mozambique This Friday, we cover: the UN Secretary-General's message in China for sustainable development; the toll of a second cyclone in Mozambique; what UN o...
18:14 2019-05-21

‘The green economy is the future,’ UN chief says in Beijing, urging climate solutions that strengthen economies, protect the environment Winning the race against climate change to keep our planet livable and on a healthy trajectory requires action rooted in sustainable solutions aligne...
18:14 2019-05-21

Schumer praises Trump's decision to lift tariffs on Canada and Mexico Senate Minority Leader Chuck Schumer praised President Trump’s decision to lift tariffs against Mexico and Canada on aluminum and steel, but said the...
15:28 2019-05-21

Esto brevis: How Idaho accidentally let all of its regulations expire It’s not often that government ineptitude fuels progress. But Idaho can thank its bickering state legislature for providing it with a revolutionary o...
15:28 2019-05-21

Automakers to Trump: Cars are not a national security threat If the negotiation had taken place at a car dealership, it would have ended with the customer walking away — without the keys to a new vehicle in han...
15:28 2019-05-21

Biden says Trump is going to 'squander' the economy he got from Obama PHILADELPHIA — Former Vice President Joe Biden ripped into Donald Trump during his rally in Philadelphia Saturday afternoon, saying that the presiden...
15:28 2019-05-21

Congress hates Trump's tariffs, yet sits by idly instead of acting There are numerous ways for Congress to check the president. In recent years, its members have frequently opted to pass so-called resolutions of disa...
15:28 2019-05-21

China disputes it ever agreed to US demands in trade deal Chinese officials disputed Monday they ever agreed to the "extravagant demands" the U.S. requested as part of a trade deal and said that further talk...
15:28 2019-05-21

Canada and Mexico lift tariffs against US Canada and Mexico both announced Monday they will lift tariffs they placed on the United States last year in retaliation for the Trump administration...
15:28 2019-05-21

Ford cuts 7K white-collar jobs DETROIT — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by part...
15:28 2019-05-21

If Trump wants tariffs with China, then look to Taiwan and Japan for trade With both sides retreating to their respective corners, it appears the trade conflict between the United States and China, the two largest economies ...
15:28 2019-05-21

The Inverted Yield Curve: What It Is and Why It Matters Treasury yields may soon turn "not normal," otherwise known as the inverted yield curve. This clear and compelling interview with EWI's Jordan Kotick...
14:38 2019-05-21

Housing Crisis 2.0: Just Around the Block? Everyone remembers that housing prices were crushed during and even after the 2007-2009 financial crisis. Are we headed toward a repeat? Here's what ...
14:38 2019-05-21

Busted Myth: “Fed Controls Economy” and “Manipulates Markets” There's a widespread belief that the Fed holds the levers which guide the economy and maneuvers markets. But the evidence shows that this is simply n...
14:38 2019-05-21

What’s Driving the Housing Downturn? Interest Rates or Investor Psychology Housing data in 2018 looked ... unhealthy. The "villain" seems obvious -- namely, central bank rate hikes. But now see the charts and evidence that s...
14:38 2019-05-21

Here's the Consensus About a 2019 Recession A survey of chief financial officers reveals a near unanimous opinion about the prospects for a recession this year. This consensus has piqued our in...
14:38 2019-05-21

Trouble on the “Home” Front – What’s Next for Real Estate? In this interview, EWI's Pro Services analyst Murray Gunn speaks with Dana Weeks about what’s really behind the turn in housing, and what may b...
14:38 2019-05-21

What Were YOU Reading When the Euro Peaked in 2018 – then Plunged For a Year? In February 2018, euro-bullishness was everywhere: Traders, the media, Wall Street. Now watch Jim Martens show his charts & forecast that went agains...
14:38 2019-05-21

Why Have Sedans "Slumped" and SUVs "Surged"? There is Indeed a Trend Behind the Trend Major stock market trends don't happen in a vacuum -- the "trend behind the trend" is literally visible throughout the culture and economy. In this i...
14:38 2019-05-21

Falling Trade Deficit is Good for Stocks: True or False? There are many widely held beliefs about the stock market that are simply untrue. Even professional market observers often neglect to investigate the...
14:38 2019-05-21

The Fed Follows the Market Yet Again This article from Financial Forecast co-editors Steven Hochberg and Pete Kendall explains why the Fed DOES NOT drive interest rates. See the crystal-...
14:38 2019-05-21

How Homebuilding Stocks Signal Big-Time Trouble Houses have been subject to price fluctuations like the stock market for one reason: They're considered an investment as much as a place to hang your...
14:38 2019-05-21

Global Manufacturing: About to Enter "A World of Hurt"? See the broader economic context that day-to-day headlines don't deliver: Chart of the Day shows you the big-picture trend in the all-important trend...
14:38 2019-05-21

Brexit Sage: Deflation and the "Generational Weakening" of the U.K. Economy In this interview, EWI's Murray Gunn shows Dana Weeks the evidence of a U.K. property decline -- and explains the big-picture meaning for mood and th...
14:38 2019-05-21

Who – Or “What” – Drives Interest Rates? EWI's Murray Gunn explains the role of the Federal Reserve in "driving" interest rates and the economy -- you me be surprised to find out who (or wha...
14:38 2019-05-21

U.S. Housing: Look at This 50% Retracement Buying a house is a major financial decision. We've all been admonished about "location, location, location" -- but, how about timing? Some real esta...
14:38 2019-05-21

Real Estate: Will Prices Stay Unaffordable? "U.S. Median Single-Family Median Annual Sales Price" may be a mouthful, but the chart you'll see in this 2-minute video is anything but confusing. W...
14:38 2019-05-21