Stories about Economy

Jul 15 2018

Justice Department appeals AT&T-Time Warner merger

David McAtee, AT&T's general counsel, said the company would be defending the initial decision and admitted being surprised by the DoJ's decision to appeal. AT&T close...

Jul 13 2018

Fox Shareholder Files Lawsuit To Halt Proposed Disney Acquisition

Comcast said its cash offer has been recommended by Sky's independent committee of directors. The then Culture Secretary, Matt Hancock, said last month there would be n...

Jul 11 2018

May appoints Jeremy Hunt as new foreign minister

There will now be countless other bad laws we can not change. The Government went on to explain that it held Brexit discussions with senior officials from the UK ...

Jul 04 2018

Leftist Andres Manuel Lopez Obrador elected president of Mexico

Lopez Obrador is estimated to have won between 53 and 59 percent of the vote. Lopez Obrador rode to victory on a wave of widespread anger over graft and violence. The t...

Jul 04 2018

Walmart Faces Boycott Threats Due To Donald Trump Impeachment T-Shirts

The T-shirts weren't being sold by Wal-Mart itself, but by third-party sellers including Old Glory and Teespring Inc. Trump supporters have taken to Twitter to comp...

Jul 04 2018

Top US business group assails Trump's handling of trade dispute

At Trump's insistence, Canada, Mexico and the USA are renegotiating the North American Free Trade Agreement (NAFTA). According to a report in the Financial Times , a ...

Jun 30 2018

Oil prices fall as US crude production hits another record

Russia's production was 11.1 million barrels a day in June, exceeding its quota, according to sources familiar with the matter. Oil prices have risen around 60 percen...

Jun 26 2018

U.S. to limit Chinese investment in American tech firms

China and the European Union firmly oppose trade unilateralism and protectionism and think these actions may bring recession and turbulence to the global economy, says Ch...

Jun 26 2018

Trump tries to change focus of border debate

In McAllen, the visiting lawmakers said they believed border agents were handling the situation as well as could be expected at the facility for immigrants recently appre...

Jun 23 2018

Bithumb Says They Lost $30 mil

However today, the cryptocurrency market added $8 billion to its valuation after the slight recovery made by Bitcoin , shortly after Bithumb, South Korea's largest c...

Jun 22 2018

Oil jumps as OPEC agrees to modest output hikes

Opec used the opening of the meeting to make it clear the group did not want to see prices sliding too much because of a rise in supplies. "We need to release supply t...

Jun 22 2018

European Union to impose countertariffs on U.S. products as of Friday

Mexico has announced it will, in response, impose tariffs on U.S. imports, including pork bellies, apples, grapes, cheeses and flat steel, among other products. Trump ...

Jun 22 2018

Trump orders expansion of tariffs on Chinese products; is tilapia next?

China has threatened "comprehensive measures" in response to U.S. President Donald Trump's new tariff hike, raising the possibility Beijing might target operation...

Jun 20 2018

Tesla chief Elon Musk accuses worker of sabotage

CEO Elon Musk reportedly delivered the statement to Tesla employees via email after previously notifying the employees that production was shut down for a short time ...

Jun 18 2018

Audi CEO Rupert Stadler arrested in diesel emissions scandal

The same goes for Munich prosecutors and Stadler. Stadler has denied any involvement. Last month VW admitted an additional 60,000 Audi A6 and A7 models with diesel en...

Jun 15 2018

To build high-speed commuter system in Chicago

The Boring Company , founded by Tesla CEO Elon Musk , has been selected to build a high-speed underground transportation system that it says will whisk passengers from...

Jun 15 2018

Honolulu Workers Need $39 An Hour To Afford A 2-Bedroom Rental

As CityLab's analysis of the report notes, "NLIHC estimates that the average renter's hourly wage in the United States is $16.88". A worker in the USA making minim...

Jun 15 2018

China warns of retaliation if U.S. follows through on latest tariffs threat

President Donald Trump is set to impose fresh tariffs on $US50 billion worth of imports from China in a step that could further escalate the president's burgeoning tr...

Jun 11 2018

Trump says that Russian Federation should be reinstated as a G8 member

U.S. President Donald Trump's Twitter tirade against Prime Minister Justin Trudeau following the G7 is sparking promises of support from some of Trudeau's political...

Jun 11 2018

Chinese phone maker ZTE saved from brink after deal with US

ZTE has become a critical part of the broader discussions between China and the United States, the two largest economies in the world, over trade tensions and whether the...