700CLUBNEWS.COM: Latest News of The Day

Latest News of The Day: Economy

01:31, 2019-06-20

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 CNN, MSNBC, or the New York Times, you’re probably convinced at this point that he’s about to be impeached....
23:34, 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 breakdown in trade negotiations last month....
23:34, 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 escalating trade disputes threaten U.S. economic growth....
23:34, 2019-06-19

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 level. It began in July 2018, when the Trump administration imposed a 25% tariff on $50 billion in Chinese imports. The Chinese retaliated. Then, in Sept...
23:34, 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 administration....
23:34, 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 President Trump's U.S.-Mexico-Canada Agreement on trade....
23:34, 2019-06-19

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 surge along the southern border....
22:34, 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. Alexandria Ocasio-Cortez, D-N.Y., whose visibility as a spokeswoman for this generation has been boosted by political friend and foe....
07:34, 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 the U.S. would lose market share in the country if talks failed....
04:17, 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 mortgage rates....
19:34, 2019-06-18

How the trade war with China could crush California's $2.7 trillion economy and hurt other states The impact of the U.S.-China trade war is greatest in states that export agricultural products, electronics and chemicals directly to China. California has taken the biggest hit followed by Texas, Illinois and Louisiana....
19:34, 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 lifting spending caps....
11:00, 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 they want — as long as the bank that issues the card and extends the accompanying credit line goes along....
07:00, 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.-Mexico-Canada Agreement on trade despite it having been stalled for months in the Democratic-led House....
07:00, 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 retaliation for the Trump administration's trade policies....
07:00, 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 visit to Washington this week....
07:00, 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 everyone lots and lots to solve this. The slight problem is that the Federal Reserve tells us that wealth inequality isn't at those high levels. In fact, ...
07:00, 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 the action wouldn't protect the domestic industry since it widely uses supply chains that include China....
20:51, 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 Republican Congress at the end of 2017....
14:17, 2019-06-16

Remittances matter: 8 facts you don’t know about the money migrants send back home This Sunday marks the second International Day of Family Remittances, observed every year on 16 June, in recognition of the fundamental contribution of migrant workers to their families and communities back home....
06:17, 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 a new poll....
17:17, 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 passage of a critical global trade route....
07:17, 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. Now that document has been released in full....
04:51, 2019-06-15

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 second quarter....
00:17, 2019-06-15

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 Washington, especially in the world of professional, academic, and government economists....
07:17, 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 election in 2015, U.S. stocks fell and the dollar weakened. “Buy the dip," I told my Twitter followers, and, sure enough, the spasm passed almost immedi...
07:17, 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 term....
07:17, 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 nationalist rhetoric and hard-line border policies would crater his support with this critical bloc....
07:17, 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 week....
20:34, 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 strengthens the case for the Federal Reserve to cut interest rates this year....
20:34, 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 and a Christian woman, she supports abortion because it’s required for economic development....
17:00, 2019-06-13

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 simple motors and engineering. ...
02:51, 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 concessions it made during the talks. Beijing has denied that it ever made the concessions and reportedly views the claim as an insult....
00:00, 2019-06-13

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?...
00:00, 2019-06-13

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 rights," a key element of the socialist platform he has long championed....
00:00, 2019-06-13

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, is that the votes of the millionaires trend toward Democrats. That's if we're going to believe the CNBC Millionaire survey, and there's no particular ...
00:00, 2019-06-13

Martin Feldstein, a Chief Economist Under Reagan, Dies at 79 He took a leave from Harvard to be chairman of the Council of Economic Advisers and, as a deficit hawk, never shied from challenging his White House colleagues....
21:51, 2019-06-12

Trump Isn’t Alone. These Millennials on the Left Want Low Interest Rates, Too. Sam Bell and his colleagues at Employ America want the central bank to cut interest rates now, and to lift them less quickly after the next recession, to create more jobs....
21:51, 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 entitlement reform was the keystone to preserving American prosperity for future generations....
17:00, 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....
14:17, 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 Texas border....
03:17, 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 to support the 9/11 Victims Compensation Fund....
03:17, 2019-06-12

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 the communist nation's economic and military rise....
22:00, 2019-06-11

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 off....
22:00, 2019-06-11

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 education tech company, surveyed over 30,000 college students from more than 440 institutions in 45 states and uncovered some disturbing financial insi...
22:00, 2019-06-11

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-nots, French President Emmanuel Macron said on Tuesday. ...
19:34, 2019-06-11

Trump touts low inflation moments after his onetime Fed pick argued for a rate cut to boost it "The Fed has to cut rates because prices have been falling and once those prices stabilize you just stop cutting rates," says the onetime Trump Fed pick....
18:51, 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 Democrats and its minority Republican members, setting off a series of likely political skirmishes....
14:17, 2019-06-11

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 from around the world to help “construct a future of work, with social justice for all”....
08:34, 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 British government has let the process stall....
07:51, 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. regarding refugees: Whatever country gets the refugees first keeps them....
07:51, 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 staff....
04:17, 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 add their version of the proposed sixth branch of the military to the National Defense Authorization Act this week....
22:51, 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 interests of the country....
21:17, 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 Level Panel on Digital Cooperation, almost a year after the Panel was launched by Secretary-General António Guterres....
20:34, 2019-06-10

Single-payer healthcare is a bust for baby boomers Like the United States, Canada is aging rapidly. By 2021, my native land will have more seniors than children under 14 for the first time in its history. It's no wonder nearly 9 in 10 Canadians are worried about the growing number of seniors who will need more healthcare, according to a recent Ipsos...
19:51, 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 to issues like a trade war, labor shortages and aging infrastructure....
19:17, 2019-06-10

Chamber of Commerce blasts Trump on tariffs — and then the president calls CNBC to fight back The president's tariff strategy "creates uncertainty with our trading partners," says a top official at the world's largest business lobbying group....
19:17, 2019-06-10

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 dropping plans to place tariffs on its goods....
00:17, 2019-06-09

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 “drastic” proposals that President Trump initially demanded....
00:17, 2019-06-09

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 speculation that the Federal Reserve would lower interest rates....
10:17, 2019-06-08

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 Goals (SDGs) said the UN Secretary-General António Guterres on Friday, at the Saint Petersburg International Economic Forum in Russia....
03:17, 2019-06-08

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 Friday....
01:51, 2019-06-08

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 Administration’s disastrous special interest agenda is hollowing out our economy, fueling instability and jeopardizing the financial security of working families ac...
01:51, 2019-06-08

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 China. The announcement said the tariffs, which had initially been set to rise to 25% on June 1, would instead remain at their current level of 10% un...
01:51, 2019-06-08

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 will pick up in June and the U.S. will avoid a recession....
01:51, 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 interest-rate cut President Trump has been advocating for months....
01:51, 2019-06-08

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 Monday. The president made the announcement as negotiators from both sides entered their third day of talks in Washington, D.C....
01:51, 2019-06-08

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 new tariffs on their goods if the talks fall apart....
21:34, 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 in Japan at the end of the month. Trump is scheduled to have a face-to-face meeting with Chinese President Xi Jinping at the meeting....
21:34, 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 avoid new tariffs on Mexican goods, which are set to go into effect Monday. U.S. and Mexican officials are meeting Thursday in Washington, D.C., for their ...
21:34, 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 tariffs on Mexico....
21:34, 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 Brotherhood of Electrical Workers Local 2320 claim, announced two days ago, to become the workers' exclusive representative....
21:34, 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 shareholders meeting and blasted the company’s leadership for supposedly paying “starvation wages,” as well as for its allegedly “grotesque” greed....
21:34, 2019-06-06

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’s leadership, the American economy is growing above 3% annually, wages are rising across the board, and unemployment has hit its lowest point since 196...
10:34, 2019-06-06

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 new tariffs on its products was also likely and could happen soon....
04:01, 2019-06-06

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 Green New Deal. Their reasoning for the economic program’s name is obvious. It pays homage to the New Deal, a bundle of transformative economic reforms cap...
04:01, 2019-06-06

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 beginning June 10, the Federal Reserve Bank of Philadelphia released its latest 50-state “leading indicators” map, which forecasts a data-driven look at state ...
04:01, 2019-06-06

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 have the entire party shaking in its boots right now....
04:01, 2019-06-06

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 follows through with his threat to impose tariffs on Mexican goods starting Monday....
04:01, 2019-06-06

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 Arizona need to prioritize border security over commerce, but his opponents make the opposite argument, as tariffs on Mexico will harm the economies of...
04:01, 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 president immediately....
04:01, 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 senator attacked Walmart as a company that "pays many of its employees starvation wages..."...
04:01, 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-owned meatpacking conglomerate, JBS USA. The company is currently receiving over $64 million as part of the agriculture bailout while its parent company, J...
04:01, 2019-06-06

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 because of a lack of funding, amid an increase in border crossings....
00:17, 2019-06-06

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 weaponize the federal bureaucracy against American businesses, expand the power of the Export-Import Bank, and engage in wide-scale currency manipulati...
16:34, 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, right? I predict that's what will be said about new research, even though that's not what the research actually says....
12:34, 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 Monday, we can safely say the Tea Party is over....
02:01, 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 tariffs on Mexico in response to illegal immigration....
01:34, 2019-06-05

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 an "Department of Economic Development" that would copy China's economic development policies. The resulting entity would also absorb about a dozen othe...
01:34, 2019-06-05

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 Mexico, should they go into effect next week....
01:34, 2019-06-05

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 the White House and Mexican officials to resolve the situation....
01:34, 2019-06-05

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 after three attempts at passing it last week....
03:17, 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 living across the 50 states. The Raise the Wage Act, introduced by Rep. Bobby Scott, D-Va., in January with broad support from his party, would raise the ...
21:17, 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 week by President Trump....
21:17, 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 the U.S. that would involve it keeping Central American asylum seekers....
21:17, 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 President Trump’s state visit, is "interesting" in both senses of the Chinese sage. May’s unlamented departure is "interesting" (good) because it is a direct r...
13:51, 2019-06-03

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 and declaring, "America has had enough."...
20:34, 2019-06-02

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” at the border, where Central Americans who have traversed Mexico are flooding into the United States....
20:34, 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 they don’t want any building to house this low-income riffraff anywhere near their expensive homes....
10:17, 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 remarks at the California Democratic Party convention....
01:17, 2019-06-02

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 place 5% tariffs, eventually rising to 25%, on all Mexican goods if it doesn't crack down on mass immigration to the U.S....
16:51, 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" consequences if Mexico retaliates by shutting down its immigration and drug enforcement operations, worsening the crisis at the U.S.-Mexico border....
16:51, 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 the country doesn't crack down on immigration to the U.S....
04:17, 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% tariff on all Mexican goods. Trump said the tariff was needed to force Mexico to crack down on immigrants transiting the country on their way to the U...
00:17, 2019-06-01

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 took issue with some World Trade Organization rules. He especially dislikes those requiring member nations to avoid applying discriminatory tariff policie...
21:51, 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 immigration into the United States could backfire and undermine a key policy goal of the administration: passage of the U.S.–Mexico–Canada Agreement on trade. ...
21:51, 2019-05-31

Trade war could trigger a 'global financial crisis,' says ex-China central bank chief China continued to ramp up the rhetoric against the U.S. on Friday, with a former Chinese central bank chief saying that further escalation in trade tensions between Washington and Beijing could greatly hurt the global economy....
16:51, 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 spending bill with a quick voice vote and without debate....
13:01, 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 its planned second headquarters in New York. But was Amazon a needed company that would provide benefit to the region or just the planned recipient of co...
13:01, 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 Thursday with the National Labor Relations Board....
08:34, 2019-05-31

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's level of $71.9 billion according to an "advance look" at the data. The shift was due to exports dropping at a faster rate than imports....
01:34, 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 state until conservatives see things their way. This time, Disney CEO Bob Iger has suggested that Disney may exit the state of Georgia over their recen...
01:34, 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 crossings of migrants coming from Central America....
01:34, 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-offs each coalition of the Right has made. No one can doubt that David French, a devout Evangelical Christian who opposes same-sex marriage as a matter of...
01:34, 2019-05-31

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 the prior week....
19:17, 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 announcement, the agency said it had made a preliminary determination that China, Mexico, and Germany were illegally dumping stainless steel kegs on t...
16:17, 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 the United States-Mexico-Canada Agreement. This milestone is good news and a big win for the United States and its North American allies....
16:17, 2019-05-30

‘Ground-breaking innovation’ needed in cities, where battle for sustainable development will be won or lost, says UN agency 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 communities and to ensure that no one is left behind,” the head of the UN agency dealing with sustainable urban development said on Wednesday....
05:34, 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 Agreement on trade....
02:00, 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 schedule a vote on it, a White House official said Wednesday....
22:17, 2019-05-29

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 Trump’s trade war with China is slowing economic growth....
22:17, 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 marginalized groups if the region is to achieve the ambitious 2030 Agenda for Sustainable Development, and fulfill its promise to leave no one behind....
20:00, 2019-05-29

The market now thinks the Fed will cut rates twice by January 2020 Futures trading indicated a 63% chance of a September cut and a 62% probability of another easing by January, according to the CME's FedWatch tool....
19:51, 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 business in their locale....
17:34, 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 be renegotiated between the three countries....
17:34, 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 part of its trade war with the Trump administration....
17:34, 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's not quite what Ocasio-Cortez and Sanders actually say (they just want to stop the swindlers profiting from excessive interest charges), but that's th...
00:34, 2019-05-29

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 possibility of a quick trade agreement with China to end pricey tariffs on the country's imports....
00:34, 2019-05-29

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 by 2.6% for this fiscal year. The forecast takes into consideration the average relative price of goods and services purchased by colleges through educ...
19:00, 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 Hollywood of the South....
18:34, 2019-05-25

Defense contractor the Pentagon accused of 'gouging our taxpayers' repays $16M A defense contractor accused of overcharging the Pentagon for mission-critical parts has agreed to repay the government $16 million after its executives were grilled by Congress last week....
00:51, 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 economic growth constitute "considerable uncertainties."...
19:34, 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 his company's ties to the Beijing government....
19:34, 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. Administration officials said the total amount of aid was hiked and the formula for distributing it tweaked because of the broadening nature of President Trump's ...
11:00, 2019-05-24

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 trade war with China. President Trump is scheduled to formally unveil the program later this afternoon....
04:51, 2019-05-24

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 Centers for Disease Control and Prevention....
04:51, 2019-05-24

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 benefits for certain Gold Star families....
04:51, 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 damage caused by the trade war with China. Another $1.4 billion would be allocated to purchase surplus agricultural commodities....
04:51, 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 to vote on the deal....
04:51, 2019-05-24

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 borrowing money....
19:01, 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 reported for the previous week....
16:00, 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 years earlier. That question has been a measuring stick for elected officials ever since. Republicans in Congress are committed to making life better for...
07:51, 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 the White House in 2020, even though most have confidence he can secure a good deal from the country's largest trading partner....
07:51, 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 policies have had an impact on the country's economic performance, according to the latest poll by CBS News....
01:34, 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 survivor benefits for certain Gold Star families. The bill would then go to President Trump's desk....
01:34, 2019-05-23

'What happened to all the file clerks?' Automation makes humans more useful, not less A nice piece on the BBC website today illustrates the fallacy behind this idea that robots will make humans useless. The piece describes the creation of VisiCalc, the first electronic spreadsheet program....
22:34, 2019-05-22

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 them. But I am very glad that the infrastructure bill appears, at least temporarily, to have been killed off by today's acrimony....
22:17, 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 with the U.S. in the hopes that a Democrat is elected in 2020 to replace President Trump....
20:17, 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 changes are made. They said that despite the White House, Canada, and Mexico addressing several Democratic demands....
19:51, 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 about-face President Trump made recently on the 99-year-old protectionist law known as the Jones Act....
19:51, 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 problem....
19:34, 2019-05-22

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 relationship more than they admit....
19:34, 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 rail project between Los Angeles and San Francisco. In the midst of yet another infamous Infrastructure Week, this announcement was an important develo...
07:17, 2019-05-22

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 future....
05:00, 2019-05-22

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 investigation rose to the level of an impeachable offense....
05:00, 2019-05-22

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 debt ceiling....
05:00, 2019-05-22

EPA pursues new cost-benefit analysis for regulation that critics fear will undermine climate rules The Environmental Protection Agency is pursuing new rules for regulatory cost-benefit analysis that critics fear could undermine the agency's regulation of climate pollution by saying it costs too much....
05:00, 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 a broad-based slowdown in the global economy and cut its growth predictions. ...
02:17, 2019-05-22

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 on Thursday, while aid teams scale up efforts to reach those most in need....
23:00, 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 importance of tackling the issues that threaten them, such as deforestation, and land degradation....
23:00, 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 by the sun in powering all life on Earth, and in driving the weather, ocean currents and the hydrological cycle....
23:00, 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 stability” in the last 20 years, resulting in a region that is now “largely peaceful”....
23:00, 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 importance of the region on the international stage and called for even stronger cooperation between the UN and the Arab States....
23:00, 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 on Population and Development, which began at UN Headquarters in New York on Monday....
23:00, 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 necessary, if governments are to honour commitments to tackle critical issues, such as combatting climate change and eradicating poverty by 2030....
23:00, 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 Monetary Fund reported on Tuesday, so long as “policy missteps that could harm economic activity” are avoided....
23:00, 2019-05-21

Stress, overtime, disease, contribute to 2.8 million workers’ deaths per year, reports UN labour agency Stress, excessively-long working hours and disease, contribute to the deaths of nearly 2.8 million workers every year, while an additional 374 million people get injured or fall ill because of their jobs, the UN labour agency, ILO, said on Thursday....
23:00, 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 officials saw first-hand in the Rohingya refugee camp of Cox's Bazar in Bangladesh; the impact of insecurity on education in Mali; and the importance of...
23:00, 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 aligned with the Paris Agreement and the UN-driven 2030 Agenda for sustainable development, Secretary-General António Guterres said on Saturday....
23:00, 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 president would "squander" the economy he inherited from the last administration....
22:34, 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 disapproval to reverse administrative actions after they have been taken. An example of this is the process that Congress established in the Budget Control...
22:34, 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 talks could only occur in an atmosphere of "mutual respect."...
22:34, 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's effort to pressure them during negotiations for the United States-Mexico-Canada Agreement on trade. That follows the U.S. agreeing Friday to exempt ...
22:34, 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 parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce....
22:34, 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 in the world, isn’t going to end anytime soon....
22:34, 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 explained that corporate executives are agents of the companies to which they are employed, acting on behalf of the company’s owners and tasked with the res...
22:34, 2019-05-21

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 federal benefits they received....
22:34, 2019-05-21

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 common response to this new reality is that millennials have been spoiled, and that is unquestionably true. Not only did their parents raise them in a much ...
22:34, 2019-05-21

Gavin Newsom triples funding to combat gun violence in updated Calif. budget California Gov. Gavin Newsom issued an updated state budget that calls for $27 million to go toward combating gun violence, triple the amount he originally suggested in January....
17:34, 2019-05-21

Disaster aid spending package keeps growing as parties bicker over funding deal The House on Friday passed a $19.1 billion aid package to help states and territories recover from a string of recent natural disasters, but the ballooning spending measure is snagged in a dispute with Republicans and President Trump over funding for Puerto Rico and the emergency at the border....
17:34, 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 towards providing Americans universal, government-run healthcare....
17:34, 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 budgetary and economic expertise to Congress....
17:34, 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 business model" designed to exploit the law....
17:34, 2019-05-21

Halt: In first, Trump’s ambassador to Germany requests $0 more in budget, cuts spending Richard Grenell, the U.S. ambassador to Germany and an ardent supporter of President Trump’s agenda, has broken the long practice of embassies seeking — and getting — more funding every year. In what was described as a first, he asked for zero extra in his budget request....
17:34, 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 could be hobbled once again by a fight over border wall funding....
17:34, 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 law and Beijing said it would not swallow any "bitter fruit."...
16:00, 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 research at J.P. Morgan....
16:00, 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 global economy in an era of lower interest rates, a top Federal Reserve policymaker said on Tuesday....
16:00, 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 the previous week....
16:00, 2019-05-21

‘We Have a Lot of Questions’: Doubts Loom Over G.M. Plan for Lordstown Plant President Trump said he was helping to save jobs at the Ohio factory after General Motors ceased production there. But such promises have not always panned out....
15:00, 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 market....
15:00, 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 drawbacks....
15:00, 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 problem....
15:00, 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 infringing on its sovereignty....
15:00, 2019-05-21

The New New World: 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 relationship more than they admit....
15:00, 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 countries....
15:00, 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 we've been telling subscribers......
14:51, 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 show a different (and far more credible) explanation....
14:51, 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 interest. Here's why......
14:51, 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 be next....
14:51, 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 against the herd....
14:51, 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 interview with Dana Weeks, Matt Lampert explains the trend in automobile styles....
14:51, 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-clear facts and evidence that uncovers the truth behind this common misconception....
14:51, 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 hat. Learn what our analysts are saying about an "unmistakable" trend in the real estate market......
14:51, 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 in global manufacturing....
14:51, 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 the larger economy....
14:51, 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 what) is doing the real driving....
14:51, 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 estate market indicators can be highly useful. Look at these two charts......
14:51, 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. Watch where prices have gone from the 1980s through today -- and see a clear conclusion as to what's next....
14:51, 2019-05-21