DETROIT (AP) — Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them. But a majority of the economists surveyed by the National Association for Business Economics say the corporate tax cuts that the Trump administration pushed through...
China Vows Retaliation For $200 Billion US Tariff Threat
BEIJING — China's government vowed Wednesday to take "firm and forceful measures" as the U.S. threatened to expand tariffs to thousands of Chinese imports like fish sticks, apples and French doors, the latest salvo in an escalating trade dispute that threatens to chill global economic growth. China gave no details,...
Sudden US Army Discharge Rocks Immigrant PhD Candidate
SAN FRANCISCO — Growing up in eastern China, Panshu Zhao fell in love with America. He read the Bible his parents gave him, watched Hollywood movies and studied the ideals of democracy. He jumped at the chance to attend graduate school at Texas A&M University. In 2016, Zhao enlisted in...
Smart Money Is Pulling Out of Stock Market
Cash exited U.S. equity funds in June in the largest amount since the peak of the 2008 global financial crisis, according to Lipper data. Reuters reported July 5 the following: "U.S.-based stock mutual funds and exchange-traded funds (ETFs) recorded $36.3 billion in withdrawals overall for the month of June, according to...
US Adds 213,000 Jobs But Unemployment Rate Inches Up
WASHINGTON — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs, a sign of confidence in the economy despite the start of a potentially punishing trade war with China. The job growth wasn't enough to keep the unemployment rate from rising from 3.8 percent to...
With US Out, Other World Powers Negotiate Iran Nuclear Pact
VIENNA — Five world powers agreed with Iran on Friday to forge ahead with negotiations with the country and maintain its ability to export gas and oil as they seek to preserve a nuclear deal with Tehran despite the withdrawal of the United States. European Union foreign policy chief Federica...
Harley, Stung by Tariffs, Shifts Some Production Overseas
MILWAUKEE — Harley-Davidson, up against spiraling costs from tariffs, will begin to shift the production of motorcycles headed for Europe from the U.S. to factories overseas. The European Union on Friday began rolling out tariffs on American imports like bourbon, peanut butter and orange juice. The EU tariffs on $3.4...
Zakaria: North Korea Summit Was Big Win for China
The cancellation of U.S. military exercises with South Korea is one of several troubling outcomes of President Trump's summit with North Korean leader Kim Jong Un, writes Washington Post columnist Fareed Zakaria. The headline from the summit in Singapore earlier this month, in which Trump described the exercises as "provocative,"...
Americans Own 46% of World's Civilian Guns
There are over 1 billion firearms in the world today, including 857 million in civilian hands — with American men and women the dominant owners, according to a study released Monday. The Small Arms Survey says 393 million of the civilian-held firearms, 46 percent, are in the United States, which...
Zakaria: Trump's Deals Are Spin, Not Wins
Nearly 500 days into his presidency, Donald Trump has yet to demonstrate he is the master dealmaker he purports to be, says Washington Post columnist Fareed Zakaria. He observes in his May 25 opinion piece, "By now it is obvious Trump is actually a bad negotiator — an impulsive, emotional...