Economy

  • TPP Countries Agree to Move Ahead Without the US
    Trump_-_tpp_countries_agree_to_move_ahead_without_the_us 2017-11-11 07:34:30 UTC
    DANANG, Vietnam (Reuters) - Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last minute resistance from Canada raised new doubt...
  • Germany’s Strong Economic Growth Creates Tax Surplus of 30 Billion Euros
    Germany%e2%80%99s_strong_economic_growth_creates_tax_surplus_of_30_billion_euros 2017-11-09 23:36:47 UTC
    BERLIN (Reuters) - Germany’s new tax estimates show the next federal government will have around 30 billion euros available for tax cuts and additional spending over the next four years, Finance Minister Peter Altmaier said on Thursday. The tax...
  • AT&T CEO Says Never Offered to Sell CNN
    At_t_ceo_says_never_offered_to_sell_cnn 2017-11-09 05:04:37 UTC
    NEW YORK/WASHINGTON (Reuters) - U.S. antitrust regulators and AT&T Inc sparred on Wednesday over whether the wireless carrier would be required to sell Time Warner Inc’s CNN cable network as a condition of approval of its deal to buy the media com...
  • GOP Massive Tax Cuts Will Lead to Major Deficit and Debt
    Gop_massive_tax_cuts_will_lead_to_major_deficit_and_debt 2017-11-02 21:24:00 UTC
    WASHINGTON (Reuters) - U.S. House of Representatives Republicans unveiled long-delayed legislation on Thursday to deliver deep tax cuts that President Donald Trump has promised. The bill, representing what would be the largest overhaul of the U...
  • Bitcoin surged to a record high of more than $6,000
    Jpmorgan's_jamie_dimon_says_bitcoin_%e2%80%9cis_a_fraud%e2%80%9d_and_will_blow_up 2017-10-20 20:12:57 UTC
    NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a who...
  • GOP and Democrats Appeared to Reach a Deal on Obamacare
    Obamacare_repeal_fails-_president_obama%e2%80%99s_health_law_stay 2017-10-17 22:38:43 UTC
    WASHINGTON (Reuters) - Two U.S. senators on Tuesday announced a bipartisan breakthrough to shore up Obamacare for two years by reviving federal subsidies for health insurers that President Donald Trump planned to scrap, and the president voiced su...
  • Scientists Detect Light From Gravitational Wave
    Scientists_detect_light_from_gravitational_wave_when_neutron_stars_collide 2017-10-16 19:27:03 UTC
    CAMBRIDGE, Mass. (Reuters) - When neutron stars collide: Scientists in Europe and the U.S. have for the first time detected gravitational waves, the ripples in space and time predicted by Albert Einstein, at the same time as light from the same co...
  • Brexit: "British Government Doesn't Know What It Wants"
    Brexit-_%22british_government_doesn't_know_what_it_wants%22_-_theresa_may_ 2017-10-05 17:25:39 UTC
    BERLIN (Reuters) - German firms active in Britain should make provisions now for a “very hard Brexit”, Germany’s biggest industry group said on Thursday, because the government in London does not know what it wants. The Federation of German Ind...
  • US hiring slowed to an 11-month low in September
    Us_job_openings_continue_to_tighten_amid_a_scarcity_of_qualified_workers 2017-10-04 16:44:29 UTC
    (Reuters) - U.S. companies scaled back their hiring to an 11-month low in September after two powerful hurricanes disrupted some business activities, while the vast domestic services sector overcame those snags to expand at its fastest pace in 12 ...
  • Tom Price Resigns as Health Secretary
    Tom_price_out 2017-09-29 20:56:59 UTC
    Health and Human Services Secretary Tom Price resigned Friday afternoon, following his use of private and military planes for official travel. Politico first uncovered Price’s use of private chartered flights in an investigation last week, and ...
  • Treasury Department Takes Down Study Showing Tax Plan Does Not Benefit Working Class
    Mnuchin_reading_at_confirmation 2017-09-29 14:20:24 UTC
    Earlier this week, the Trump administration revealed its long-awaited tax plan, the broad strokes of which are massive tax cuts for people like one Donald Trump and corporate America, at the expense of low-income families and the middle class. Ind...
  • Trump's Tax Plan Will add Trillions of Dollars to the Debt
    Trump_undermines_trust_between_partners-_%22i_have_the_absolute_right%22 2017-09-28 06:48:39 UTC
    WASHINGTON (Reuters) - President Donald Trump proposed on Wednesday the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions...
  • Trump: Republicans Have Votes to Pass Healthcare Later
    Trump_healthcare 2017-09-27 13:07:35 UTC
    WASHINGTON (Reuters) - Republicans have enough support to pass their healthcare overhaul but not this week, President Donald Trump said on Wednesday, one day after Senate Republicans admitted defeat over their effort to repeal and replace Obamacar...
  • Emmanuel Macron Sets Out Progressive Vision For EU
    Macron_sets_out_progressive_vision_for_eu 2017-09-26 16:47:29 UTC
    PARIS (Reuters) - French President Emmanuel Macron offered a sweeping vision for a renewal of Europe on Tuesday, calling for the EU to cooperate more closely on defense, immigration, tax and social policy, and for the single currency bloc to have ...
  • Equifax CEO Retires Following Cyber Attack
    Equifax_magnifying_hack 2017-09-26 14:56:21 UTC
    (Reuters) - Equifax Inc said on Tuesday its Chief Executive Officer Richard Smith will retire following a massive data breach at the credit reporting firm that exposed personal details of up to 143 million U.S. consumers. The announcement comes...
  • Turkey’s Erdogan threatens to cut oil pipeline from Kurdistan, Iraq to the outside world
    Turkey%e2%80%99s_erdogan_threatens_to_cut_oil_pipeline_from_kurdistan__iraq_to_the_outside_world 2017-09-26 07:39:37 UTC
    TOKYO (Reuters) - Oil prices took a breather on Tuesday after Brent crude earlier rose to a 26-month high, supported by Turkey’s threat to cut crude flows from Iraq’s Kurdistan region to the outside world. Turkish President Tayyip Erdogan threa...
  • Senate Opposition to Obamacare Repeal Grows: Collins, Cruz, Lee Lean Against
    Cruz_obamacare_repeal 2017-09-24 18:06:35 UTC
    WASHINGTON (Reuters) - A proposal by U.S. Republicans to repeal and replace the Obamacare health insurance program suffered serious new setbacks within the party on Sunday, when Senator Ted Cruz expressed his opposition and Senator Susan Collins d...
  • Medicaid Directors Reject Graham-Cassidy Repeal
    Medicaid_directors_graham_cassidy 2017-09-23 18:05:48 UTC
    In a blistering statement released Friday morning, the association representing state Medicaid directors took Congress to task for rushing a bill to the floor that would completely overhaul the nation’s health care system in just a few years and d...
  • McCain Does Not Support New GOP Obamacare Repeal
    Mccain_does_not_support_new_gop_obamacare_repeal 2017-09-22 18:56:09 UTC
    WASHINGTON (Reuters) - U.S. Senator John McCain said on Friday that he would vote against a new Republican bill to dismantle Obamacare if it is brought onto the Senate floor next week, in a new setback for the proposal. “I cannot in good consci...
  • Brexit: 10,000 finance jobs will be shifted out of Britain
    Brexit-_10_000_finance_jobs_will_be_shifted_out_of_britain 2017-09-18 14:51:50 UTC
    LONDON (Reuters) - Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of workers in in...
  • Emmys 2017: Full list of winners from the 69th annual awards
    Emmys_2017-_full_list_of_winners_from_the_69th_annual_awards 2017-09-18 04:29:40 UTC
    <The stars of the small screen stepped out from behind the camera Sunday night for the 69th annual Emmy Awards. While some of the nominees were TV legends, others arrived at the Microsoft Theater in Los Angeles with empty trophy stands. Chec...
  • Political comedy "Veep", "The Handmaid's Tale" and "Saturday Night Live" won the top prizes at the Emmy Awards 2017
    Emmys_2017-_full_list_of_winners_from_the_69th_annual_awards 2017-09-18 04:43:21 UTC
    LOS ANGELES (Reuters) - “The Handmaid’s Tale” and political comedy “Veep” won the top prizes at the Emmy awards on Sunday, where “Saturday Night Live” was also a big winner on a night dominated by jokes about U.S. President Donald Trump. In the...
  • EU Plans To Raise Taxes For Internet Giants
    Eu_plans_to_raise_taxes_for_internet_giants 2017-09-17 00:53:39 UTC
    TALLINN (Reuters) - A European Union plan to raise more tax from digital multinationals faced the first signs of scepticism on Saturday, as smaller members of the bloc warned about the economic impact from such a move. France wants to tax compa...
  • Elizabeth Warren launches investigation into Equifax breach
    Elizabeth_warren_launches_an_investigation_into_equifax_data_breach 2017-09-16 02:48:20 UTC
    WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren said on Friday she has begun an investigation into Equifax’s massive data breach, and along with 11 other Democratic senators, introduced a bill to allow consumers to freeze their credit for fre...
  • Median U.S. Household Income Sets Record in 2016
    Us_census_bureau 2017-09-13 18:28:17 UTC
    SEPT. 12, 2017 — The U.S. Census Bureau announced today that real median household income increased by 3.2 percent between 2015 and 2016, while the official poverty rate decreased 0.8 percentage points. At the same time, the percentage of people w...