Jul 15 China’s economic growth drops to lowest in 26 years By Joe McDonald, Associated Press The world's second-largest economy grew 6.2% over a year ago, down from the previous quarter's 6.4%, government data showed Monday. Continue reading
Jul 14 Watch 10:38 Wisconsin dairy farmers are struggling to stay afloat By Hari Sreenivasan, Mori Rothman, Michael D. Regan As Americans consume less milk and turmoil in international markets challenges the country's dairy industry, many dairy farmers are struggling to stay afloat. In 2018, more than 2,700 dairy farms in the U.S. went out of business, with nearly a… Continue watching
Jul 12 Watch 8:01 Why the legal marijuana industry is now struggling with diversity and inclusion By Yamiche Alcindor, Jaywon Choe As marijuana legalization expands across the country, who is benefiting from the blossoming industry? In most cases, it is a very different population from that which has previously borne the brunt of marijuana criminalization. Millions are still dealing with scars… Continue watching
Jul 12 WATCH: Labor Secretary Acosta resigns amid criticism over Epstein deal By Darlene Superville, Jill Colvin, Associated Press Alexander Acosta had come under scrutiny for his role in a plea deal that allowed financier Jeffrey Epstein to avoid a trial on sex trafficking charges. Continue reading
Jul 12 China imports from U.S. plunge in June amid tariff war By Joe McDonald, Associated Press Imports of U.S. goods fell 31% from a year earlier to $9.4 billion, while exports to the American market declined nearly 8%, customs data showed Friday. Continue reading
Jul 11 Watch 8:41 Marijuana has become big business. So why are small growers struggling to survive? By Paul Solman As marijuana has been legalized in states across the country, investors have identified a major business opportunity. Still, the cannabis market isn’t all easy money. In California, new companies are scaling up operations, but some smaller ones fight to survive,… Continue watching
Jul 11 Dow Jones crosses 27,000 points, an all-time high By Alex Veiga, Associated Press The Dow Jones Industrial Average climbed above 27,000 for the first time Thursday after a turbulent day on Wall Street left the market within striking distance of more milestones. Continue reading
Jul 11 3 ways Trump disagrees with Fed chair Powell on the economy By Gretchen Frazee From trade tensions to the unemployment rate, Powell’s comments to lawmakers on Capitol Hill this week stood in contrast to the statements Trump has repeatedly made about the economy. Continue reading
Jul 11 U.S. budget deficit jumps 23 percent this fiscal year By Martin Crutsinger, Associated Press The surge in deficits reflects a variety of factors including a $1.5 trillion tax cut President Donald Trump pushed through Congress in late 2017 and billions of dollars in extra spending Congress approved in early 2018. Continue reading
Jul 11 WATCH: Powell says Fed prepared to keep economy in a ‘very good place’ By Martin Crutsinger, Associated Press Federal Reserve Chairman Jerome Powell's comments before the Senate Banking Committee strengthened the message he had sent to a House panel on Wednesday that the central bank is prepared to cut interest rates to support economic growth. Continue reading