• Business

Florence likely to expose gaps in flood insurance

Business 09/17/18, 07:32

NEW YORK (AP) — The number of Americans with flood insurance is on the rise, yet Hurricane Florence is likely to make it painfully clear that too many homeowners in the Carolinas and other vulnerable regions remain unprotected.

Renewed US tariff fears stalk global stock markets

Business 09/17/18, 02:45

LONDON (AP) — Global stock markets started the new week on a soft note as investors waited to see if the U.S. slaps tariffs on another $200 billion-worth of Chinese goods. Oil prices rose, meanwhile, as heavy storms battered both countries.

US median incomes grew in 2017 for a 3rd straight year

Business 09/12/18, 13:37

WASHINGTON (AP) — The income of a median U.S. household rose for a third straight year in 2017, boosted by a rise in the number of Americans with full-time, year-round jobs. The Census Bureau said Wednesday that incomes for a typical household, adjusted for inflation, rose 1.8 percent, from $60,309 in ...

Asian stocks fall as China reacts to US tariffs

China 09/12/18, 03:25

SINGAPORE (AP) — Asian shares fell on Wednesday as China delayed issuing licenses to American businesses hoping to operate in the country amid the looming threat of more trade tariffs from Washington. The approach of Hurricane Florence on the East Coast and upcoming sanctions on Iran's energy industry lifted oil prices. ...

Spend money guilt-free – even with student loans

Business 09/12/18, 01:51

"Ask Brianna" is a column from NerdWallet for 20-somethings or anyone else starting out. I'm here to help you manage your money, find a job and pay off student loans — all the real-world stuff no one taught us how to do in college. Send your questions about postgrad life ...

Make no mistake: This is an economic turnaround

U.S. 09/10/18, 22:43

President Donald J. Trump’s critics are attempting a neat trick: After months of denying America’s recent economic success, they are now owning up to it—and reassigning credit to the Obama Administration. “The economy remains essentially the same sturdy one Trump inherited from Barack Obama,” Christopher Rugaber writes. Today, Council of Economic Advisers Chairman ...

China’s trade surplus with US hits record $31 billion, what’s next?

China 09/08/18, 21:17

Surplus that drove US president to wage trade war rises in China’s favour as he repeats threat of tariffs on further US$200 billion of goods. China's trade surplus with the United States widened to a record $31 billion in August as exports surged despite American tariff hikes, potentially adding fuel to ...

The latest Trump Economy myth: Wages are stagnant

U.S. 09/08/18, 12:06

The Trump Administration’s critics are in a bind: During the 2016 election, many claimed that then-candidate Donald J. Trump’s economic policies wouldn’t work—in fact, that they would likely trigger a major recession. Nearly a year and a half into his term, the results are undeniable. Nearly 4 million jobs have been created since ...

Tesla stock falls as Elon Musk appears to smoke marijuana on video

Business 09/07/18, 15:52

AP News - Shares of electric car maker Tesla Inc. fell more than 9 percent early Friday after the CEO appeared to smoke marijuana during an interview and the company's accounting chief left after a month on the job. CEO Elon Musk appeared on "The Joe Rogan Experience" overnight. About two ...

China says it will retaliate if US tariffs go ahead

China 09/06/18, 08:53

BEIJING (AP) — China's government says it is ready to retaliate if U.S. President Donald Trump goes ahead with a tariff hike on Chinese goods and expressed confidence it can maintain "steady and healthy" economic growth. A Commerce Ministry spokesman said Thursday that "necessary countermeasures" are ready if 25 percent penalties ...

The US-Mexico trade deal may be bad news for China, experts say

China 08/28/18, 11:13

Now that U.S. President Donald Trump has bagged a political victory in the proper execution of a trade cope with Mexico, the country's ongoing dispute with China looks set to drag on, experts said. Mexico is "an important trading partner" of the U.S. and the offer offers Trump "some wins from ...