• US Adds 213000 Jobs In June, But Unemployment Rate Inches Up

    US Adds 213000 Jobs In June, But Unemployment Rate Inches Up

    Economy

    Businesses added 213,000 jobs to their payrolls in June, another strong month of gains. So far this year, the USA economy has added an average of 215,000 jobs per month. Faster wage growth would also indicate that inflation is building in the economy, which hasn't been the case even though unemployment is this low. The U.S.
  • Who the United States and China have trade disputes with

    Who the United States and China have trade disputes with

    Economy

    At midnight Washington time, the US imposed new tariffs on $34 billion of annual imports from China. They kicked in just after midnight ET, which is noon in Beijing . Beijing called it the beginning of "the biggest trade war in economic history" and retaliated with tariffs on billions of dollars worth of USA exports.
  • US Navy ready to ensure 'free navigation' after Iran Hormuz threat

    US Navy ready to ensure 'free navigation' after Iran Hormuz threat

    Economy

    Earlier in the day, Zarif said he was in Vienna "to listen to practical solutions, rather than slogans". The Iranian president described as disappointing the bloc's package of economic measures. Trump announced on May 8 that Washington was walking away from the nuclear agreement, which was reached between Iran and the five permanent members of the UN Security Council - the United States, Britain, France, Russia and China - Germany, and the European Union in 2015.
  • Leaked Trump Draft Bill Would Ditch WTO Trade Rules

    Leaked Trump Draft Bill Would Ditch WTO Trade Rules

    Economy

    The US Administration is hammering out a bill that stipulates that Washington may actually abandon fundamental World Trade Organization (WTO) rules, according to the news website Axios , which said it had obtained the draft of the bill. U.S. President Donald Trump said on June 29 that the probe would be completed in 3-4 weeks. Both sets of tariffs would be based on concerns about USA national security.
  • China: US tariffs will hit intl. supply chains

    China: US tariffs will hit intl. supply chains

    Economy

    Economists have for months warned of the potential damage to the U.S. and global economies from aggressive trade policies that evolve into protectionism, which would raise prices and upend global supply chains. "The Chinese government's position has been stated many times". One U.S. manufacturer said Chinese authorities on average used to inspect 2 percent of the vehicles it sent overseas.
  • Angela Merkel deflects coalition crisis with compromise

    Angela Merkel deflects coalition crisis with compromise

    Economy

    The coalition parties, comprising Merkel's Christian Democrats (CDU), the CSU and Social Democrats (SPD), are holding a series of meetings on Monday to decide what action to take. Before the refugee crisis of 2015, Seehofer was mainly concerned with regional pet projects tolerated by Merkel, such as rewarding mothers who raise young children at home with state benefits and charging foreign motorists for using Germany's Autobahn.
  • Cleveland hurting after LeBron chooses Lakers

    Cleveland hurting after LeBron chooses Lakers

    Economy

    The most obvious name thus far hasn't been a free agent, but a guy under contract and unhappy with the San Antonio Spurs . The Lakers also inked Kentavious Caldwell-Pope to a one-year deal Sunday. With PG13 staying in OKC, the only hopes for LeBron to sniff a ring is if the Lakers trade for Kawhi Leonard . They were 48-11 against Eastern Conference clubs in the playoffs.
  • Dell Technologies to buy out VMWare tracking stock

    Dell Technologies to buy out VMWare tracking stock

    Economy

    The tracking stock was created to help Dell finance its $ 67 billion purchase of data storage company EMC Corp.in 2016, the largest technology takeover ever at the time and one that almost tripled the company's debt load. After the deal, VMware shareholders will own between 20.8 percent and 31 percent of Dell depending on how many investors opt for cash, Dell said.
  • US Sanction Waiver for Iran Oil Imports Likely

    US Sanction Waiver for Iran Oil Imports Likely

    Economy

    The tension began rising when Trump withdrew the USA from the nuclear deal between Iran and six other world powers last May. OPEC and non-OPEC countries said they would raise supply by returning to 100 percent compliance with previously agreed output cuts, after months of underproduction.