WASHINGTON — U.S. employers added a modest 130,000 jobs in August, a sign that hiring has slowed but remains durable in the face of global economic weakness and President Donald Trump's trade war with China. The unemployment rate remained 3.7% for a third straight month, the Labor Department said Friday, near the...
US Stocks Climb Amid Signs of a Thaw in US-China Trade War
Stocks marched broadly higher on Wall Street in midday trading Monday after President Donald Trump claimed China was willing to reopen talks on the costly trade war that has roiled markets and dimmed the outlook for global economic growth. Uncertainty remained high, however, about the next developments in the trade...
US Stocks Climb Amid Signs of a Thaw in US-China Trade War
Stocks marched broadly higher on Wall Street in midday trading Monday after President Donald Trump claimed China was willing to reopen talks on the costly trade war that has roiled markets and dimmed the outlook for global economic growth. Uncertainty remained high, however, about the next developments in the trade...
US Delays Tariffs on Some Chinese Goods, Drops Others
WASHINGTON — The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the U.S. Trade Representative said Tuesday that it is still planning...
US Delays Tariffs on Some Chinese Goods, Drops Others
WASHINGTON — The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the U.S. Trade Representative said Tuesday that it is still planning...
US Stock Indexes Slide as China's Currency Hits 11-Year Low
NEW YORK — U.S. stocks nosedived in morning trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. China let its currency, the yuan, sink to an 11-year low against the dollar and under...
US Economy Slowed to 2.1% Growth in Second Quarter
WASHINGTON — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy's total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce Department...
Impact of Trump's Tariffs on Americans Explained
President Donald Trump's international trade war might have made sense from an American perspective in the 19th century. Certainly, Trump is to be commended for trying to protect U.S. patents, trade secrets, and intellectual properties. China, as we know, doesn't always play by the rules. He's also trying to support...
Valley Nut and Fruit Growers Get Relief in China Trade War
Growers of grapes, tree nuts, and cranberries got good news from Agriculture Secretary Sonny Perdue on Thursday morning. The U.S. Department of Agriculture will provide up to $16 billion in aid to farmers impacted by the tariff battle with China initiated by President Donald Trump. A statement from the USDA...
Fed Raises Interest Rates. What Will It Do in 2019?
WASHINGTON — The Federal Reserve has raised its key interest rate for the fourth time this year to reflect the U.S. economy's continued strength but signaling that it expects to slow hikes next year. The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifted the Fed's benchmark...