Stories about Economy

Aug 10 2018

USA imposes sanctions on Russian Federation over Skripal poisonings in Salisbury

The action is aimed at punishing President Vladimir Putin's government for having "used chemical or biological weapons in violation of global law", State Department s...

Aug 08 2018

Wall Street sees funding hurdle to Musk's plan to take Tesla private

Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necess...

Aug 08 2018

China to slap additional tariffs on $16 billion of United States goods

At that time, Beijing threatened a 25 percent tariff on US crude imports, although it did not issue a specific date for the move. Beijing said last Friday it would ...

Aug 07 2018

Musk Says He May Take Tesla Private, Shares Roar

Tesla now has a market value around $60 billion, which would make its take-private price tag about $80 billion, Galloway said. Tesla has always been one of the most-shor...

Aug 04 2018

U.S. mends ties with allies, prepares for trade war with China

The U.S. imposed 25 percent tariffs on $34 billion of Chinese products earlier this month, with plans to add another $16 billion of imports on Tuesday. - Office of the U....

Aug 03 2018

Sales tax holiday for BTS supplies set for August 3 to 5

The holiday begins at midnight Friday and runs through 11:59 a.m. Sunday. You can also get the qualified items online, tax free. That includes clothing , shoes, sch...

Aug 02 2018

Apple becomes world’s first private sector company worth $1 trillion

The peak reached Thursday seemed unimaginable in 1997 when Apple teetered on the edge of bankruptcy, with its stock trading for less than $1. In a call with investors, CE...

Jul 28 2018

Facebook shares down more than 18 percent

That means that in one day, just the decline in Facebook's market value is roughly the entire market value of McDonald's or Nike, give or take a few billion. Until now,...

Jul 28 2018

President Trump proclaims 'tariffs are the greatest' ahead of trade meeting

In addition to tariffs on aluminum and steel, Trump has imposed tariffs on washing machines, solar panels and a wide range of Chinese products. "We had a big day, very ...

Jul 26 2018

West Tennessee farmers react to agricultural tariffs

Agriculture officials say the plan will not require congressional approval. The assistance programs for farmers affected by tariffs will officially roll out in Septembe...

Jul 25 2018

Farmers have mixed reactions to Trump's farm aid

Ahead of his meeting on Wednesday with President of the European Commission Jean-Claude Juncker, Trump tweeted that both the USA and the EU should "drop all tariffs, ...

Jul 21 2018

United States tariff war to adversely affect global trade: China

Kudlow said on Wednesday that Xi was "holding the game up". China is the largest importer of soybeans in the worldwide community. The WTO gives countries broad ...

Jul 18 2018

Sterling tumbles after United Kingdom parliament vote on trade bill

The Conservative government defeated on Tuesday an amendment introduced by its own backbench MPs to a future trade policy bill which would have kept Britain in a customs ...

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...