The United States, the world’s largest economy, is into its ninth year of growth, with the International Monetary Fund lifting expectations for expansion to 2.7 percent this year from 2.3 percent because of the tax cuts. China has diminished fears of an abrupt halt to its decades-long growth trajectory. Europe, only recently dismissed as anemic…
“The economy’s sustainable trend is around 2 percent,” Mr. Prakken said. The Commerce Department’s report on the gross domestic product — which showed growth for all of last year at 2.3 percent — is a rough draft. The fourth-quarter estimate will be revised twice in the next couple of months, and it could increase or…
Sexual harassment allegations against billionaire casino mogul Steve Wynn could handicap the Republican Party’s fundraising as it gears up for the midterm elections, with some in the party questioning how he can remain as the GOP’s top fundraiser.Wynn, the founder of Wynn Resorts Ltd. and the finance chairman for the Republican National Committee, paid $7.5 million…
Welcome back to America, C Series.Bombardier Inc.’s marquee jet, slapped with crushing U.S. tariffs last year, got a new lease on life when an American trade panel nixed the duties. The Friday ruling, a surprise defeat for Boeing Co., enables Bombardier to jump-start sales campaigns in the world’s largest aircraft market.A revival of orders would…
The president’s surprise exchange with about 20 reporters served as a reminder of the extent to which Mr. Trump sees the Russia inquiry as simply an invalidation of his electoral victory, and feels a deep sense of bitterness about the narrative surrounding his presidency. His lawyers have been negotiating for weeks with Mr. Mueller’s team…
Adding to the rising turbulence, Republicans are also pointing with alarm to newly revealed texts between two F.B.I. officials who were once part of Mr. Mueller’s team, Peter Strzok and Lisa Page. Mr. Mueller removed Mr. Strzok from his team over the summer after learning that the two had exchanged texts expressing a dislike of…
Special Counsel Robert Mueller is moving at a far faster pace than previously known and appears to be wrapping up at least one key part of his investigation -- whether President Donald Trump obstructed justice, according to current and former U.S. officials.Mueller has quietly moved closer to those around Trump by interviewing Director of National Intelligence…
The last time U.S. drillers pumped 10 million barrels of crude a day, Richard Nixon was in the White House. The first oil crisis hadn’t yet scared Americans into buying Toyotas, and fracking was an experimental technique a handful of engineers were trying, with meager success, to popularize. It was 1970, and oil sold for…
Lawmakers in the House and Senate are offering drastically different visions of how to resolve their fate. But those on both sides of the debate, as well as advocates for immigrants’ rights, said that ultimately Mr. Trump would need to get involved for the immigration dispute to be settled. Mr. Trump’s intentions were hard to…
Immigration activists were furious that Senator Chuck Schumer of New York, the Democratic leader, and his fellow Democrats had given away the best leverage they had to ensure that the young immigrants were protected. “It’s morally reprehensible and it’s political malpractice,” said Ezra Levin, the co-executive director of Indivisible, a liberal group. “Leader McConnell’s track…
