Jul 08 World economy expected to grow sluggish 3% this year, IMF says By Paul Wiseman, Associated Press The IMF forecasts assume that the Strait of Hormuz reopens later this month — even though U.S. strikes on Iran resumed and President Donald Trump declared Wednesday that a ceasefire with Iran was over. Continue reading
Jul 06 Watch 8:43 Who could benefit the most from Trump's investment accounts for children By Paul Solman, Diane Lincoln Estes, Ryan Connelly Holmes Trump Accounts are officially open. They’re the first federal tax-advantaged investment accounts for kids. Some 87 companies, foundations, individuals and states have announced contributions to the accounts. The question is, can they deliver the benefits that are being promoted? Economics… Continue watching
Jul 06 WATCH: Trump says he never talks to his kids about business as president but 'I think I'm allowed to' By Associated Press President Donald Trump also offered a dubious history lesson, suggesting that, as president, George Washington had two desks — one for business matters and another for the presidency. Continue reading
Jul 06 WATCH: Trump officially launches Trump Accounts for kids, ringing Wall Street opening bell By Josh Boak, Associated Press President Donald Trump on Monday rang the opening bells for the New York Stock Exchange and the Nasdaq from the golden confines of the Oval Office, a symbolic act that reflects how he has increasingly tied his presidency to the… Continue reading
Jul 03 A Belgian diamond group is gifting Trump a lavish ring after that industry won tariff relief By Sam McNeil, Associated Press It’s a glitzy window into the role that ostentatious – and almost always gilded — gifts are playing by those seeking to curry favor with the U.S. president. Continue reading
Jul 02 Watch 6:15 News Wrap: Former U.S. Olympian faces felony charge for alleged Reflecting Pool vandalism In our news wrap Thursday, a former U.S. Olympian faces a felony charge for allegedly vandalizing the refurbished Reflecting Pool, nearly 200 million Americans remain under heat warnings ahead of what's expected to be one of the hottest Independence Day… Continue watching
Jul 02 How crypto, real estate and watches added up for Trump last year By Bernard Condon, Associated Press The real estate mogul has become the billion-dollar crypto man. Continue reading
Jul 02 U.S. employers pulled back on hiring in June By Christopher Rugaber, Associated Press U.S. employers added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook. Continue reading
Jul 01 Watch 8:41 As veterinary costs climb, private equity ownership of clinics draws scrutiny By Paul Solman, Mary Fecteau Veterinary care is becoming increasingly expensive for American pet owners. As prices rise, attention is turning to a major shift in the industry: private equity firms and large corporations buying up veterinary practices across the country. Paul Solman has the… Continue watching
Jul 01 Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation By Christopher Rugaber, Associated Press In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I guess they'd be disappointed. We're going to deliver price stability.”… Continue reading