Two days after President Trump announces an ‘incredible’ deal with Chinese President Xi Jinping, the nations offer widely different accounts of what transpired at the G-20 summit, and U.S. markets sink 3 percent.
economic growth
Posted inBusiness, Nation & World
Cooling economy in China erodes sales of some U.S. luxury brands
It’s a rude awakening for such designer brands as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry, clothes and other high-end goods.
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Posted inBusiness, Nation & World, Politics
Trump threatens to cut subsidies to GM after it announces 14,000 layoffs
It’s unclear what the federal government might actually do, and whether the president has the authority to act without congressional approval.
Posted inBusiness, Nation & World
Tech stocks plunge again, pushing market into red for the year
Investors are measuring a number of headwinds and increasingly playing it safe.
Posted inBusiness, Nation & World
Americans migrating from coast to ‘secondary’ cities
People are being drawn by a lower cost of living, lighter tax burden, job growth and a better chance to buy a home they can afford.
Posted inBusiness
Fed leaves key rate alone, but sees further hikes ahead
The next rate increase is expected in December.
Posted inBusiness, Nation & World
Dow, S&P 500 set records as U.S. economy keeps zooming along
Reflecting the rising markets, the Fed says the value of Americans’ stock and mutual fund portfolios rose $800 billion last quarter.
Posted inBusiness, Nation & World
Despite strength of U.S. economy, many Americans struggling to get by
Among households with at least one working adult, more than 30 percent report difficulties affording food and other basic goods and services.
Posted inBusiness, Life & Culture, Nation & World, News
By 2020, more than half of the world’s population will be ‘middle class’
That’s according to new research by a Brookings Institution scholar.
Posted inOp-eds, Opinion
Commentary: Invest more in successful programs to energize Maine’s economy
MaineSpark, FAME, NextGen and others are already creating jobs, training workers and helping retain graduates, and they could use more funding.