Economy

Filter

Trump administration to move ahead with tariffs on $16 billion in Chinese imports

By Paul Wiseman, Associated Press

The new taxes are in addition to 25 percent tariffs that took effect July 6 on $34 billion in Chinese products. China has responded with retaliatory tariffs of its own.

Teachers are getting targeted anti-union emails from conservative groups

By Sarah Schwartz, Education Week

Conservative, free-market groups across the country have launched campaigns aimed at persuading teachers to drop out of their unions, in the aftermath of a U.S. Supreme Court ruling that will put a dent in unions’ finances and membership numbers.

Tesla stock halted as CEO Elon Musk tweets he may take electric car company private

By Michael Liedtke, Alexandra Olson, Associated Press

The unusual step taken early Tuesday afternoon came shortly after Musk dropped a bombshell on his Twitter account by announcing he had lined up the financing to buy all of Tesla's stock at $420 per share.

AP fact check: Trump’s claims on economic gains overstated

By Christopher Rugaber, Associated Press

President Donald Trump is grossly overstating the extent of U.S. economic and job gains. Here's a closer look at his claims.

Ontario is canceling its basic income experiment

By Gretchen Frazee

Ontario is canceling its basic income pilot program two years earlier than planned as part of larger changes to the province’s social assistance programs.

Jobs boom favors Democratic counties, not Trump strongholds

By Josh Boak, Associated Press

The United States is on pace to add about 2.6 million jobs this year under President Donald Trump's watch. Yet the bulk of the hiring has occurred in bastions of Democratic voters.

News Wrap: Jobs report shows hiring slowed in July

In our news wrap Friday, the Labor Department says employers added 157,000 jobs in July, fewer than expected, while overall unemployment dipped to 3.9 percent. Also, Beijing announced says its ready to impose levies on another $60 billion of imported…

Continue watching

How online video sensation Shonduras reinvents himself regularly to stay successful

By Michael Boulter, Paul Solman

After making a career out of stunts like refrigerator-skiing -- drawing millions of eyeballs from the coveted under-35 demographic -- Shaun McBride has learned how to adapt to new platforms and invest in evolving business models.

The economy added 157,000 jobs in July. Here’s what that means

By Gretchen Frazee

The U.S. economy added 157,000 jobs last month, and the unemployment rate ticked down slightly to 3.9 percent. Here are key takeaways from the latest jobs report.