Nov 30 Trump signs new trade pact with Canada, Mexico leaders By Zeke Miller, Catherine Lucey, Associated Press The U.S.-Mexico-Canada Agreement is meant to replace the 24-year-old North American Free Trade Agreement. Continue reading
Nov 29 Watch 4:53 How technological innovation could amplify income inequality By Paul Solman Technological advancement often brings the promise of increased efficiency in the workplace. But it also means apprehension about humans potentially being replaced by automation and artificial intelligence. In a new series, "The Future of Work," Paul Solman explores the concept… Continue watching
Nov 29 Why lower oil prices won’t necessarily boost the U.S. economy By Thomas Maxwell Despite lower prices at the gas pump -- welcome news for the millions of travelers hitting the road during the holiday season -- the drop is unlikely to be a net gain for the U.S. economy. Continue reading
Nov 29 Police raid Deutsche Bank headquarters as part of Panama Papers money laundering investigation By David Rising, Frank Jordans, Associated Press German authorities raided Deutsche Bank's headquarters Thursday amid suspicions that its employees helped clients set up offshore companies that were used to launder hundreds of millions of euros. Continue reading
Nov 28 Debt of some U.S. businesses at historically high levels, Fed reports By Marcy Gordon, Associated Press American corporations have elevated their debt loads to potentially risky levels, the Federal Reserve said Wednesday in a report that raised concerns about the financial system 10 years after the 2008 crisis erupted. Continue reading
Nov 28 Stocks make biggest gain in months as Powell hints at slower interest rate hikes By Marley Jay, Associated Press In a speech to the Economic Club of New York, Powell said that rates are close to "neutral," the level at which they neither hold back growth nor aid it. That relieved investors who feel the nine-year-old bull market could… Continue reading
Nov 28 Why a Nobel laureate in economics thinks bitcoin is toast By Paul Solman The price of bitcoin has slowly gained back up some of its value after a precipitous drop this month. Continue reading
Nov 28 Powell says U.S. economy healthy and rate hikes aren’t automatic By Martin Crutsinger, Associated Press Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Continue reading
Nov 27 How climate change is changing your insurance By Gretchen Frazee As climate change leads to more frequent and destructive natural disasters, homeowners living in high risk areas are facing obstacles to affordable insurance. Continue reading
Nov 27 Trump says he is ‘very disappointed’ with GM plant closures By Jonathan Lemire, Zeke Miller, Associated Press GM announced Monday it would shutter five plants and slash 14,000 jobs in North America. Continue reading