Category: Market

BEIJING — China slammed the U.S. threat to expand tariff hikes to imports including apples, fish sticks and French doors as a “totally unacceptable” escalation of their trade battle on Wednesday and vowed to protect its “core interests.” The Trump administration raised the stakes in the growing trade dispute, threatening 10 percent tariffs on a […]

President Donald Trump may have been “looking forward” to Friday morning’s jobs report, but this time he didn’t seem to tweet out any hints about its performance as the U.S. economy continued to tick upward with growth in jobs and wages in June. Total nonfarm payroll employment increased to 213,000 jobs in June, the 93rd […]

The Republican tax reform package that was supposed to raise wages and spur hiring has instead funded a record stock buyback and dividend spree, benefiting investors and company executives over workers. President Donald Trump signed the bill in December last year, saying the corporate tax cut would make it favorable for companies to bring back […]

A ‘Boycott Walmart’ campaign has been launched after it was discovered the store was selling ‘impeach 45’ clothing on its website. Walmart has pulled the the controversial anti-Trump “Impeach 45” apparel from its website after receiving harsh feedback online. The outcry sparked a #BoycottWalmart trend on Twitter as users expressed their distaste for the chain promoting […]

President Donald Trump threatened on Tuesday that Harley-Davidson will be “taxed like never before” if the motorcycle maker moves production overseas. He claimed that the iconic U.S. company was using increased trade tensions as an excuse to justify planned changes in manufacturing. “A Harley-Davidson should never be built in another country-never! Their employees and customers […]

President Donald Trump’s escalating trade war is supposed to be about protecting American jobs — but the uncertainty it’s creating is forcing some businesses to shift production overseas and cut back on hiring. On Monday, Milwaukee-based motorcycle manufacturer Harley-Davidson announced it would be moving the production of vehicles bound for Europe to international facilities to […]

WASHINGTON –  For the first time on record, the number of job openings in the United States exceeds the number of unemployed Americans — a trend that may soon give workers more leverage to demand pay raises. With employers struggling to fill openings, the number of available jobs in April rose 1 percent to 6.7 […]

WASHINGTON — US job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation. The closely watched employment report on Friday also showed wages rising solidly last month, cementing expectations that the Federal Reserve will raise […]

WASHINGTON—The Trump administration, unable to win concessions from European Union counterparts ahead of a Friday deadline, is planning to make good on its threat to impose tariffs on European steel and aluminum, people familiar with the matter said. The administration is expected to make an announcement as early as Thursday. The move, which has been […]

Sears Holdings Corp., which operates Sears and Kmart, said Thursday that it is closing 72 more of its stores. Here, shoppers look for deals at the last remaining Sears store in Chicago before it closes this summer. Sears Holdings Corp., which controls Sears and Kmart, says it has “identified approximately 100 non-profitable stores, 72 of […]

The House voted late on Tuesday to pass a bill that will change significant aspects of Dodd-Frank, the banking reform bill introduced after loose lending and risky maneuvers by financial institutions led to the country’s worst recession since the Great Depression. Since it passed in 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act […]