Jul 24 FCC approves Paramount’s $8 billion deal with Skydance, capping months of turmoil By Wyatte Grantham-Philips, Associated Press The stamp of approval from the Federal Communications Commission comes after months of turmoil revolving around President Donald Trump’s legal battle with “60 Minutes,” the crown jewel of Paramount-owned broadcast network CBS. Continue reading
Jul 24 Watch 8:35 Trump ramps up pressure on Powell to cut interest rates during visit to Federal Reserve By Geoff Bennett, Jackson Hudgins, Solveig Rennan President Trump continued to dial up the pressure on Jerome Powell during a visit to the Fed. The president's public remarks and personal insults about Powell are a major departure from past presidents, and his approach has sparked questions about… Continue watching
Jul 24 U.S. unemployment claims remain at historical low after falling for 6th straight week By Matt Ott, Associated Press The Labor Department reported Thursday that jobless claims for the week ending July 19 fell by 4,000 to 217,000. That’s fewer than the 227,000 new applications analysts were expecting. Continue reading
Jul 24 Union Pacific and Norfolk Southern in merger talks to create coast-to-coast railroad By Matt Ott, Associated Press There's widespread debate over whether such a merger would be approved by U.S. regulators, which have established a high bar for consolidation in the crucial industry. Continue reading
Jul 24 WATCH: Trump visits Federal Reserve as he pressures Powell to cut interest rates By Christopher Rugaber, Josh Boak, Chris Megerian, Associated Press The Federal Reserve, known for its tight lips, structured formality and extraordinary power to shape the global economy, opened up a costly building renovation Thursday to reporters and President Donald Trump. Continue reading
Jul 23 Watch 6:30 What the new trade deal with Japan means for U.S. businesses and consumers By William Brangham, Dan Sagalyn The U.S. and Japan announced a trade agreement that President Trump hailed as a significant victory for American companies and consumers. In return, he said the U.S. won’t impose 25% tariffs on Japan at the end of this month. William… Continue watching
Jul 23 Big 3 automakers say Trump’s tariff deal with Japan puts them at a disadvantage By Josh Boak, Alexa St. John, Associated Press U.S. automakers worry that President Donald Trump's agreement to tariff Japanese vehicles at 15% would put them at a competitive disadvantage, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. Continue reading
Jul 23 UK Supreme Court quashes 2 bank traders’ convictions after deciding their trials were unfair By Danica Kirka, Associated Press Britain’s Supreme Court on Wednesday quashed the convictions of two financial market traders accused of manipulating benchmark interest rates in one of the biggest scandals to come out of the global financial crisis in 2008. Continue reading
Jul 23 U.S. stocks tick toward another record following a trade deal with Japan By Stan Choe, Associated Press The S&P 500 rose 0.3% Wednesday, coming off its latest all-time high. The Dow Jones Industrial Average added 196 points, and the Nasdaq composite gained 0.1%. Continue reading
Jul 22 WATCH: Trump says Philippines will pay 19% tariffs in deal struck with leader Marcos By Didi Tang, Michelle L. Price, Associated Press Trump said Tuesday that the U.S. will slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there. Continue reading