Category: Business

President Trump on Wednesday said the Federal Reserve “has gone crazy” with a series of planned interest rate increases after U.S. stocks suffered their worst daily losses since February. Trump told reporters on Air Force One that the Fed had raised rates too quickly after being asked his reaction to Wednesday’s massive stock sell-off, according […]

Ford will be making cuts to its 70,000-strong white-collar workforce in a move it calls a “redesign” of its staff to be leaner, have fewer layers, and offer more decision-making power to employees, the company announced. The number of jobs that will be axed is unknown at this point. “A lot of the (reorganization) is […]

Nike shares just sprinted to an all-time high, and some market watchers foresee even bigger gains. The athletic apparel company is the best-performing stock in the Dow Jones Industrial Average this year, up 36 percent and far outpacing peers like Foot Locker and Skechers. The bulk of its gains have come in just the last […]

It appears Nike is doing just fine in the wake of one of the most predictably divisive marketing campaigns in recent memory. Ten days after Nike announced that Colin Kaepernick would be the face of its “Just Do It” 30th anniversary ad campaign, the sports apparel behemoth’s stock price closed at an all-time high on […]

The U.S. economy added 201,000 jobs in August, slightly above expectations, as the job market rebounded following a July slump. The unemployment rate held steady at 3.9 percent, near an 18-year low, the Labor Department reported Friday. Estimates had been for about 190,000 jobs to be added in August. There were 50,000 fewer jobs in June and July […]

The U.S. economy added 157,000 jobs in July, below expectations, as the job market cooled but remained strong amid a tightening labor market. The unemployment rate fell to 3.9 from 4 percent in June, the Labor Department reported on Friday. Estimates had been set at about 190,000 jobs in July. Employers added 268,000 jobs in May […]

China announced on Friday that it would impose retaliatory tariffs on $60 billion worth of U.S. imports in response to President Trump’s plans to raise tariff levels on Chinese goods, a move expected to further escalate trade tensions. The Chinese Ministry of Finance said it would impose tariffs upward of 25 percent on 5,207 American […]

President Trump announced Wednesday that he has secured major trade concessions from European Union officials as part of an effort to head off a trade war between the U.S. and the E.U. After talks at the White House with E.U. officials, Trump announced in a joint Rose Garden appearance that the delegation had agreed to […]

The Trump administration announced Tuesday that it will grant up to $12 billion in emergency aid to farmers hurt by retaliatory tariffs in the ongoing trade fight with China and other American trading partners. Secretary of Agriculture Sonny Perdue said that the plan, which will provide direct assistance and other temporary relief for farmers through […]

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 […]