Aug 26 WATCH: Trump promises to revive North Carolina furniture industry ‘like magic’ By Associated Press President Donald Trump said Tuesday tariffs are coming on furniture imports to help revitalize the domestic industry in North Carolina and South Carolina. Continue reading
Aug 26 WATCH: Trump celebrates private business job creation while touting federal job cuts By Associated Press President Donald Trump bragged that he had laid off 84,000 federal workers. Continue reading
Aug 26 Wall Street steadies, global markets sink after Trump says he’s firing Federal Reserve governor By Yuri Kageyama, Matt Ott, Associated Press Most markets overseas declined significantly after Trump's announcement that he was firing a Federal Reserve governor. Continue reading
Aug 25 Watch 7:44 Is a bubble forming as AI investments drive economic growth? By Paul Solman, Ryan Connelly Holmes Tech companies are pumping hundreds of billions of dollars on infrastructure to ramp up artificial intelligence. Some projections show the spending may be fueling nearly half of this year’s estimated GDP growth. Economics correspondent Paul Solman looks at how AI… Continue watching
Aug 25 Keurig Dr Pepper to unwind merger after buying Peet’s Coffee for $18 billion By Associated Press Shares of Keurig Dr Pepper fell 7% in early trading Monday. Continue reading
Aug 22 Carney says Canada will match U.S. tariff exemptions under USMCA trade pact By Rob Gillies, Associated Press Canada is dropping many of its retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United States-Mexico-Canada trade pact, Prime Minister Mark Carney announced Friday. Continue reading
Aug 22 Watch 7:00 Powell hints at long-awaited rate cut but admits Fed in ‘challenging situation’ By Amna Nawaz, Jackson Hudgins In a closely watched speech, Fed Chair Jerome Powell gave the strongest indication yet that the central bank will cut interest rates as soon as September. With inflation ticking up and the job market cooling down, Powell said the Fed… Continue watching
Aug 22 Trump says U.S. has gained 10% stake in Intel for $11.1 billion in government funds By Michelle L. Price, Michael Liedtke, Associated Press President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal that was completed just a couple weeks after he was depicting the company's CEO as a conflicted… Continue reading
Aug 22 Nvidia is in talks with Trump administration about new chip for China, company’s CEO says By Elaine Kurtenbach, Associated Press Nvidia CEO Jensen Huang said Friday that the company is discussing a potential new computer chip designed for China with the Trump administration. Continue reading
Aug 22 Wall Street rallies over hopes that the Federal Reserve will lower interest rates By Stan Choe, Associated Press Wall Street is rallying on Friday toward its best day in months after the head of the Federal Reserve hinted the cuts to interest rates that investors and President Donald Trump crave so much may be on the way. Continue reading