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.
u.s. economy
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
Women making inroads in funeral industry once dominated by men
Females are being drawn in record numbers to the profession, but they still face barriers from skeptics who doubt they can do the job.
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 inOp-eds, Opinion
Commentary: Are we ready for another financial crisis?
Buried in the derivatives market is a possible ticking time bomb that could explode into another Lehman moment.
Posted inOp-eds, Opinion
Commentary: Lured by dollars, Amazon’s D.C. choice also makes political sense
The online retail giant gains easy access to policymakers by locating one new headquarters in Virginia.
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
Trump administration restricts technology purchases by Chinese chip manufacturer
The U.S. will limit tech exports, saying the competitor could end up forcing American suppliers out of business.