Dec 13 Markets have muted reaction to long-awaited China trade deal By Damian J. Troise, Associated Press After months of waiting, markets had a muted reaction to news that the US and China had reached an initial deal on trade. The agreement means that the US won't impose new tariffs on Chinese goods that had been set… Continue reading
Dec 13 U.S. and China reach ‘Phase 1’ trade deal By Joe McDonald, Paul Wiseman, Associated Press The U.S. is dropping plans to impose tariffs Sunday on $160 billion in Chinese imports and is reducing some existing tariffs on Chinese goods. Continue reading
Dec 13 Tight supply of Christmas trees leads to higher prices By John Raby, Associated Press Industry officials say everyone who wants a last-minute tree should be able to find one. It just might take a little more searching. Continue reading
Dec 13 China says trade deal with U.S. must be ‘mutually beneficial’ By Joe McDonald, Paul Wiseman, Associated Press The Trump administration has agreed to suspend a planned tariff increase on $160 billion of Chinese imports due to take effect Sunday and to reduce existing tariffs, though it wasn't clear by how much. Continue reading
Dec 12 Watch 9:12 Americans are drowning in medical debt, so this nonprofit is buying — and forgiving — it By Paul Solman Collectively, Americans owe nearly a trillion dollars of medical debt, and Congress is trying to figure out a policy response. But in the meantime, economics correspondent Paul Solman reports on an unusual non-profit’s effort to relieve the burden of medical… Continue watching
Dec 12 U.S. labor board rules for McDonald’s in unionization case By Dee-Ann Durbin, Associated Press The National Labor Relations Board has ruled in McDonald's favor in a long-running case filed by 20 workers who were fired or faced retaliation for trying to unionize. Continue reading
Dec 12 U.S. and China near deal that would suspend planned tariffs By Paul Wiseman, Associated Press The deal awaits final approval from President Donald Trump. Continue reading
Dec 12 S&P 500, Nasdaq at records as hopes build for a trade deal By Alex Veiga, Associated Press Stocks are closing at more record highs as traders hope that the U.S. and China can make enough progress on trade to avoid new tariffs kicking in over the weekend. Continue reading
Dec 12 UN leader warns climate change could fuel ‘economic disaster’ By Frank Jordans, Aritz Parra, Associated Press Speaking at the annual U.N. climate meeting in Madrid, Guterres said fears that measures to cut greenhouse gas emissions would decimate existing industries ignored the opportunities arising from the 'green economy.'… Continue reading
Dec 12 European Central Bank chief says economic slowdown is stabilizing By David McHugh, Associated Press ECB head Christine Lagarde said that recent economic indicators are “weak overall” but “point to some stabilizing in the slowdown of of economic growth.”… Continue reading