Aug 05 Lashing back, China lets yuan drop and halts U.S. farm purchases By Paul Wiseman, Joe McDonald, Associated Press The moves, which came four days after President Donald Trump threatened more taxes on Chinese imports, knocked stock markets worldwide into a tailspin. Continue reading
Aug 05 Stocks plunge on Wall Street over escalating trade war By Stan Choe, Damian J. Troise, Associated Press The escalations in the trade war between the world's largest economies are rattling investors already unnerved about a slowing global economy, falling U.S. corporate profits and possibly too-weak inflation. Continue reading
Aug 01 Fed chief struggles to manage a wild card: Trump trade wars By Josh Boak, Associated Press After the Federal Reserve cut interest rates Wednesday for the first time in a decade, Chairman Jerome Powell made a striking acknowledgement: In the Trump era, the Fed faces a steep learning curve. Continue reading
Jul 31 Watch 3:12 News Wrap: U.S.-China trade talks conclude with no visible progress In our news wrap Wednesday, U.S. and Chinese officials have concluded their latest trade talks without visible signs of progress. A Chinese Foreign Ministry spokeswoman called President Trump’s Tuesday accusations that China had reneged on trade promises “laughable.” Also, the… Continue watching
Jul 01 WATCH: Trump says tanks will be part of 4th of July in Washington By Darlene Superville, Associated Press Trump plans to deliver a speech at the Lincoln Memorial on Thursday. The president had wanted a parade of military tanks and other equipment in Washington after witnessing a similar parade in Paris in 2017. Continue reading
Jun 07 Watch 5:18 How shakier U.S. jobs numbers could become a self-fulfilling prophecy May's jobs report showed more signs of slowing economic growth in the U.S. The Labor Department reported a net gain of 75,000 jobs -- just a third of the total for the previous month. That change is set against a… Continue watching
Jun 05 How the U.S. and Mexico could find common ground on immigration By Courtney Vinopal President Donald Trump’s threat to hit Mexico with new tariffs unless that government stops the flow of asylum seekers to the U.S. has sent officials from both countries scrambling to come up with solutions on illegal immigration, in the face… Continue reading
Jun 04 Powell hints Fed will cut rates if needed over trade wars By Martin Crutsinger, Associated Press Powell's remarks helped drive up stock prices, with the Dow Jones Industrial Average ending the day up more than 500 points, or 2 percent. Continue reading
May 29 U.S. stocks on track for 1st monthly loss of 2019 after another sell-off By Damian Troise, Alex Veiga, Associated Press The latest market slide comes as investors worry that the trade war between the U.S. and China will derail global economic and corporate profit growth as it drags on with no sign of a resolution. Continue reading
May 29 China dangles potentially harmful new threat in trade war By Paul Wiseman, Frank Bajak, Yanan Wang, Associated Press Chinese state media warned that Beijing could cut America off from exotic minerals that are widely used in electric cars and mobile phones. The threat to use China's rich supply of so-called rare earths as leverage in the conflict has… Continue reading