Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognized that inflation has been surprisingly low. “My best guess is that these soft readings will not persist, and with…
Zachariah Vargas was six hours into his shift delivering packages for Amazon. He was about to drop off a package when he accidentally slammed the door of his truck on his hand. The door clicked shut, trapping his middle and ring fingers. Once he freed his fingers, the blood began to pour. Both of Vargas'…
(Reuters) - U.S. stocks fell on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes’ biggest weekly declines in over seven months. Traders work on the floor of the New York Stock Exchange (NYSE) in…
Canada is ready for its close-up. That’s how it seems to Chrystia Freeland, Canada’s minister of foreign affairs, who acknowledged at the Fortune Global Forum in Toronto on Tuesday that the nation is taking more of a lead on the world stage. “I think you’re starting to see it,” she said. Freeland noted that the…
WASHINGTON (Reuters) - U.S. President Donald Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports, but sparing smart watches from Apple (AAPL.O) and Fitbit (FIT.N) and other consumer products such as bicycle helmets and baby car seats. Trump, in a statement announcing the…
WASHINGTON — The United States and Canada reached a last-minute deal to salvage the North American Free Trade Agreement on Sunday, overcoming deep divisions to keep the 25-year-old trilateral pact intact. The deal came after a weekend of frantic talks to try and preserve a trade agreement that has stitched together the economies of Mexico,…
The Senate tax-writing committee continues hammering out the details of its tax cut proposal on Tuesday, while the House may vote on its bill as soon as Thursday. Here are the latest developments, updated throughout the day:Plan Revisions Coming Later Tuesday, Hatch Says (9:36 a.m.)Senate Finance Committee Chairman Orrin Hatch said his “modified mark” isn’t…
ELON MUSK has probably played a greater role in the success of his company than any chief executive in recent memory apart from Steve Jobs, who led Apple to greatness. It is hard to imagine the rise of Tesla, a pioneering electric-vehicle (EV) manufacturer, from obscure startup to world leader without the technical genius, showmanship…
Behold, America: The Entangled History of “America First” and “the American Dream”. By Sarah Churchwell. Basic Books; 368 pages; $19.99. Bloomsbury; £20. Get our daily newsletterUpgrade your inbox and get our Daily Dispatch and Editor's Picks. IT IS common for historians to examine the actions of great men. Sarah Churchwell, a professor of American literature…
DETROIT (Reuters) - Major automakers on Tuesday posted a hefty drop in U.S. new vehicle sales for September, caused in part by a decline in sales in areas hit by Hurricane Florence and a tough comparison to the previous September when consumers rushed to replace vehicles damaged by Hurricane Harvey. FILE PHOTO: Cars sit in…
