Economy

  • California Judge Rules Coffee Sellers Should Post Cancer Warnings
    California_judge_says_coffee_sellers_should_post_cancer_warnings 2018-03-30 08:53:52 UTC
    LOS ANGELES (AP) — Scientists haven’t rendered a verdict on whether coffee is good or bad for you but a California judge has. He says coffee sellers in the state should have to post cancer warnings. The culprit is a chemical produced in the bea...
  • Repeal the Second Amendment, Retired Supreme Court Justice Says
    Repeal_the_second_amendment 2018-03-27 19:09:32 UTC
    Retired Supreme Court Justice John Paul Stevens, responding to this past weekend's March For Our Lives in several cities, is proposing what some might call a radical solution to prevent further gun violence — repealing the Second Amendment. In ...
  • Trump signs spending bill that "nobody read it"
    Trump 2018-03-23 18:45:02 UTC
    WASHINGTON (Reuters) - U.S. President Donald Trump signed Congress’ newly passed $1.3 trillion spending bill on Friday, ending suspense over a surprising threat he made hours earlier to veto the budget and shut down the federal government. In t...
  • European Union economy is performing at its best level
    Time_for_european_visionary_leadership_with_france_and_germany_at_its_heart 2018-03-23 17:37:32 UTC
    BRUSSELS (Reuters) - The euro zone’s economy is performing at its best level yet, European Council President Donald Tusk told reporters on Friday, calling for EU leaders to consider reforms. “We are experiencing the most favorable situation sin...
  • European Union: It is not clear what Trump wants
    Eu_tells_us_president__you're_wrong_trade_wars_are_'easy_to_lose' 2018-03-23 16:29:14 UTC
    BRUSSELS (Reuters) - The European Union’s trade chief is unsure what Washington wants in return for a permanent EU exemption from steel tariffs but she warned on Friday that she would resist pressure to cut EU duties on U.S. cars. European Trad...
  • Trump sets China tariff plan, Dow plummets 720 points
    Trump_sets_china_tariff_plan__dow_plummets_720_points 2018-03-22 20:30:02 UTC
    WASHINGTON (Reuters) - Global stocks had sold off on Thursday on the expectation of tough action from Trump, with U.S. markets down as much as 2.93 percent, plummets 724.42 points. The Dow and Nasdaq stock indexes had fallen as much as 2 percen...
  • Trans-Atlantic under Trump is worse than it has been in decades
    Trans-atlantic_under_trump_is_worse_than_it_has_been_in_decades 2018-03-22 07:36:03 UTC
    From nationalism to NATO spending, the trans-Atlantic relationship under US President Donald Trump is worse than it has been in decades. But, note practitioners and scholars, it doesn't have to stay that way. No American president in recent mem...
  • Chinese carmaker Geely's profit more than doubled in 2017
    Chinese_carmaker_geely's_profit_more_than_doubled_in_2017 2018-03-21 07:58:51 UTC
    SHANGHAI (Reuters) - Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a $9 billion stake in Germany’s Daimler AG, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs....
  • China pushing new energy vehicles to boost its global presence
    China_pushing_new_energy_vehicles_to_boost_its_global_presence 2018-03-20 07:23:59 UTC
    SHANGHAI (Reuters) - Delegates to China’s annual meeting of parliament have urged the state to provide more policy clarity for the electric car industry and overhaul a local government subsidy program they say has distorted the market. China is...
  • Oil Prices Rose, Lifted by a Weak Dollar
    Oil_prices_rose__lifted_by_a_weak_dollar 2018-03-20 07:11:11 UTC
    SINGAPORE (Reuters) - Oil prices rose by almost 1 percent on Tuesday, lifted by a weak dollar, tensions in the Middle East and concerns of a further fall in Venezuelan output. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $62.59...
  • Trade war: Trump sets 25% tariff on steel, 10% on aluminum
    Appeals_court-_trump_latest_travel_ban_is_unconstitutional 2018-03-08 21:42:32 UTC
    WASHINGTON/SANTIAGO (Reuters) - President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminum on Thursday but exempted Canada and Mexico, backtracking from earlier pledges of tariffs on...
  • Valuable Public Company: Amazon appears to beat Apple
    Valuable_public_company-_amazon_appears_to_beat_apple 2018-03-08 20:45:23 UTC
    SAN FRANCISCO (Reuters) - Apple Inc, the world’s most valuable publicly listed company, is in danger of being beaten by Amazon.com Inc to the $1 trillion mark. Wall Street’s optimism about last year’s 10th anniversary iPhone had propelled Apple...
  • EU Schools Trump On Trade: You're Wrong! Trade Wars Are 'Easy to Lose'
    Eu_tells_us_president__you're_wrong_trade_wars_are_'easy_to_lose' 2018-03-08 03:59:42 UTC
    The EU has said US tariffs would be met with a "proportionate response." The European Council, IMF and WTO have warned Trump he is very wrong about trade wars being easy to win. The European Commission on Wednesday presented its strategy for re...
  • Top Trump Economic Adviser Resigns After Dispute Over Tariffs
    Top_trump_economic_adviser_resigns_after_dispute_over_tariffs 2018-03-07 00:00:27 UTC
    WASHINGTON (Reuters) - Top White House economic adviser Gary Cohn, a Wall Street banker who opposes hefty steel and aluminum tariffs planned by U.S. President Donald Trump, said on Tuesday that he was resigning. “It has been an honor to serve m...
  • Trade War: Mexico Rejects U.S. Bid to Split NAFTA
    Trade_war-_mexico_rejects_bid_to_split_nafta 2018-03-06 20:38:08 UTC
    WASHINGTON/MEXICO CITY (Reuters) - Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminum imports as key trading partner Mexico rejected a bid by Washington to drive a wedge betwee...
  • Trump's protectionist measures will hurt US economy
    Trump's_protectionist_measures_will_hurt_the_us_economy 2018-03-04 00:47:34 UTC
    WASHINGTON - Trump finally appears poised to make good on his promised threats to slam the door on free trade and erect walls around the country’s economy. The U.S. President kept up pressure on trading partners, threatening European automaker...
  • Eurozone Posts Fastest Economic Growth in a Decade
    Eurozone_posts_fastest_economic_growth_in_a_decade 2018-03-02 08:55:40 UTC
    BENGALURU (Reuters) - While euro zone business growth was the fastest in well over a decade at the start of the year, it lost some steam last month as a stronger currency took its toll, a private-sector survey of purchasing managers showed. Sti...
  • The Economic Consequences of Trump's Trade War
    The_economic_consequences_of_trump's_trade_war 2018-03-02 08:37:49 UTC
    SEOUL/SYDNEY (Reuters) - The U.S. oil and gas industry slammed President Donald Trump's plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects. Trump’s planned tarif...
  • U.S. Supreme Court Rejects Trump Over 'DACA' Immigrants
    Apple__gm__best_buy_join_dreamers_coalition_lobby_on_daca 2018-02-26 18:07:39 UTC
    WASHINGTON (Reuters) - The U.S. Supreme Court on Monday dealt a setback to President Donald Trump, requiring his administration to maintain protections he has sought to end for hundreds of thousands of immigrants brought illegally into the United ...
  • NAFTA: Brazil exported 10 times more corn into Mexico, hurting US agriculture
    Nafta-_brazil_exported_10_times_more_corn_into_mexico__hurting_us_agriculture 2018-02-22 17:52:49 UTC
    CHICAGO/MEXICO CITY (Reuters) - Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants. Mexico is on tr...
  • U.S. consumer prices rose more than expected in January
    U.s._consumer_prices_rose_more_than_expected_in_january 2018-02-14 18:37:38 UTC
    WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations the Federal Reserve will have to quicken the pace of interest rat...
  • The Real Concerns About Markets As U.S. Inflation Looms
    The_real_concerns_about_markets_as_inflation_looms 2018-02-14 18:54:27 UTC
    New York — U.S. financial markets have been roiled recently by something neither the economy nor investors have had to contend with for the better part of a decade: concerns they may soon have to reckon with rising inflation. The S&P 500 .SPX.I...
  • German workers win right to 28-hour week and 4.3% pay rise
    German_workers_win_right_to_28-hour_week_and_4.3__pay_rise 2018-02-12 10:19:03 UTC
    Berlin — German workers have won the right to a 28-hour week in a victory towards their fight for a better work-life balance. Industrial union IG Metall, Europe’s largest trade union, has won its workers the right to work the equivalent of unde...
  • Audi, VW and Porsche Develop Joint Electric Car Platform
    To_save_costs_audi__porsche__vw_develop_joint_electric_car_platform 2018-02-10 21:32:51 UTC
    FRANKFURT (Reuters) - Porsche and Audi, Volkswagen’s main luxury car divisions, plan to develop a joint platform for electric vehicles that will enable them significantly cut down on costs, German newspapers quoted their chief executives as saying...
  • Welcome back to Bush era: The worst week for stocks since 2008 financial crisis
    Welcome_back_to_bush_era-_the_worst_week_for_stocks_since_2008_financial_crisis 2018-02-09 19:13:49 UTC
    The stock market is on pace for its worst week since the 2008 financial crisis. Wall Street’s main indexes fell more than 500 points Friday afternoon, deepening losses in the past week that have put all three main U.S. markets in correction ter...