The company will keep making only two of its car models as it concentrates on SUVs and trucks.
u.s. economy
Posted inBusiness, Nation & World
Regulators to fine Wells Fargo $1 billion for cheating customers
The penalty, which could be announced as soon as Friday, would be the Trump administration’s most aggressive punitive action to date against a big bank.
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Posted inBusiness, Nation & World
China’s president warns against ‘Cold War mentality’ amid trade skirmish
In an economic forum speech, Xi Jinping pledges market openness and takes a veiled swipe at Trump’s ‘America First’ policies.
Posted inEditorials, Opinion
Another View: Asking for the Midwest: Is this trade war necessary?
If the U.S. and China continue to escalate, American consumers, companies and farmers all stand to lose.
Posted inBusiness
Trade gap widened for sixth straight month in February
The trade deficit defies President Trump’s efforts to rebalance America’s trade with the rest of the world.
Posted inBusiness
Republicans warn that trade war risks party’s chances in November
The biggest impact will be in rural areas that long have been part of the Republican base.
Posted inBusiness, Nation & World
Feeling whiplash? You must be following the stock market
Even daily swings are becoming commonplace in a market whose wild volatility seems to be the new normal.
Posted inOp-eds, Opinion
Commentary: Maine families are already benefiting from federal tax cuts
They are among the Americans seeing the impact of the tax overhaul in their own paychecks.
Posted inBusiness
U.S. consumer spending up slightly last month
Americans’ incomes are boosted by increased wages and business owners’ income.
Posted inBusiness
Online sellers looking for an edge with their own low-cost brands
Just like in brick-and-mortar stores, private-label items are more profitable and help attract and retain customers.