Category: Market

Trump on Thursday instructed top administration officials to explore re-entering the Trans-Pacific Partnership (TPP) — a trade pact he pulled the U.S. out of last year while calling it a “disaster.” Speaking after a trade meeting with Trump, Republican senators said the president told White House National Economic Council Director Larry Kudlow and U.S. Trade […]

Stocks plunged on Wednesday after China announced new tariffs on 106 more U.S. products, increasing worries. The Dow Jones industrial average tanked more than 350 points, with Boeing and Caterpillar leading all stocks in the index lower. The S&P 500 dropped 1.2 percent, with energy and industrials as the worst-performing sectors. The Nasdaq composite declined […]

Remington, a company that began making flintlock rifles when there were only 19 United States, has filed for bankruptcy protection. Mounting debts at the arms manufacturer have snowballed, ironically, since the election of Donald Trump, who has called himself a “true friend” to the gun industry. Remington, which as roots dating to 1816, has lined […]

The stock market takes a hit has Trump’s lead attorney John Dowd resigns and Trump targets China with tariffs. U.S. stocks suffered heavy losses Thursday amid a day of sharp volatility after President Donald Trump unveiled his tariffs on China, at the same time he is dealing with the departure of his chief legal eagle […]

Bankrupt Toys ‘R’ Us is preparing to liquidate its American stores and operations after failing in its efforts to find a buyer or a way to restructure its debt deal. Although its still being described as a fluid situation, shuttering the US division of the famed toy seller is said to be increasingly likely, because […]

Trump says his administration will protect U.S. steel and aluminum, but will show flexibility to ‘real friends’ of the U.S. President Trump signed an order Thursday that imposes tariffs on steel and aluminum imports from all foreign countries, while carving out an exception for Canada and Mexico for now while North American Free Trade Agreement […]

A new economic analysis of President Trump’s proposed trade tariffs on steel and aluminum appears to paint a grim picture of the consequences — some 146,000 jobs lost, according to a recent analysis. The Trade Partnership, a non-partisan pro-trade group, released a report Monday predicting that there will be a net loss of thousands of […]

U.S. stocks went on another dizzying ride Friday and worked their way back from an early-morning plunge to send the Standard & Poor’s 500 index to its first gain in four days. It was just the latest swing in a frenetic week for markets around the world as investors recalibrated — again and again — […]

President Donald Trump’s decision on Thursday to impose hefty tariffs on imports of steel and aluminum was as much of a surprise for the White House as it was for everyone else, NBC News reported Friday. Trump unilaterally made the decision to announce the new taxes on foreign imports in a fit of rage about […]

Jobless claims fell unexpectedly last week, with the monthly average posting a 45-year low, another sign of the labor market’s steady tightening. The number of workers filing for unemployment benefits dropped 9,000 to a seasonally adjusted 221,000 for the week ended Feb. 3, the Labor Department said on Thursday. The monthly average, which is a […]

Wall Street continued a broad selloff Monday, as the Dow plunged a record 1,175 points amid growing inflation fears. The Dow Jones Industrial Average closed at 24,345, down 4.6%. The S&P 500 fell 113 points, or 4.1%, to 2,648. The Nasdaq Composite dropped 273 points, or 3.78%, to 6,967. The Dow fell as much as […]

The stock market closed sharply lower, extending a weeklong slide, as the Dow Jones industrial average plunged more than 600 points. Stocks ended their worst week in two years Friday, and the Dow’s drop was its biggest in percentage terms since June 2016. Several giant U.S. companies dropped after reporting weak earnings, including Exxon Mobil […]