Trump’s Steel Tariffs Were Supposed to Save the Industry. They Made Things Worse Economy
Trump’s Steel Tariffs Were Supposed to Save the Industry. They Made Things Worse

WASHINGTON — When President Trump slapped 25% tariffs on foreign steel in March 2018, panicky U.S. buyers rushed to place new orders ahead of feared supply interruptions, driving prices up sharply. It was an instant bonanza for domestic steel producers.... Read More

IMF Downgrades Outlook for World Economy, Citing Ongoing Trade Wars Economy
IMF Downgrades Outlook for World Economy, Citing Ongoing Trade Wars
2019-10-15 19:52:40
by Dan McCue

WASHINGTON — The International Monetary Fund on Tuesday downgraded its outlook for the world economy, predicting that growth in the developed world this year, stymied by trade conflicts, will be the weakest since the 2008 financial crisis. During a press... Read More

New IMF Head Blames Trade Conflicts for 'Synchronized Global Slowdown' Economy
New IMF Head Blames Trade Conflicts for 'Synchronized Global Slowdown'
2019-10-08 22:31:21
by Dan McCue

WASHINGTON  — Kristalina Georgieva, the new head of the International Monetary Fund, said Tuesday that the world economy is in the grips of a "synchronized global slowdown" fueled by ongoing trade disputes. Speaking at the World Bank/IMF annual meetings being... Read More

GM Strike May Stretch Out Awaiting UAW Workers’ Vote On Tentative Deal Employment
GM Strike May Stretch Out Awaiting UAW Workers’ Vote On Tentative Deal

DETROIT — The UAW is considering staying on strike against General Motors until rank-and-file members approve a tentative agreement, a process that could add more than a week to the length of the work stoppage, the Free Press has learned.... Read More

House to Vote on Banning Offshore Drilling in Almost All US Waters Environment
House to Vote on Banning Offshore Drilling in Almost All US Waters
2019-09-06 21:08:34
by Dan McCue

WASHINGTON - The House will vote next week on a trio of bills that would effectively block all new offshore oil and gas drilling in the waters around the United States. In a letter to House members, Democratic House Leader... Read More

Poll: Trump Increasingly Blamed By Voters for Declining Economy Opinion Polls
Poll: Trump Increasingly Blamed By Voters for Declining Economy

WASHINGTON — For the first time since President Donald Trump was elected, more Americans say the economy is getting worse than getting better. A new Quinnipiac Poll shows 37% saying the economy is declining, compared with 31% who continue to... Read More

Kudlow Pushes Back On Recession, Says U.S.-China Calls Positive Economy
Kudlow Pushes Back On Recession, Says U.S.-China Calls Positive

WASHINGTON — Larry Kudlow pushed back Sunday on the notion that the U.S. economy is headed toward a recession, and said recent phone calls between U.S. and Chinese trade negotiators had produced more “positive news.” Kudlow, the White House National... Read More

World Bank Downgrades Forecast for Global Economy Economy
World Bank Downgrades Forecast for Global Economy
2019-06-06 00:01:15
by Dan McCue

The global economy has slowed to its lowest pace in three years, the World Bank said Tuesday, attributing the sluggishness to trade disputes, a slowdown in international investment and unexpectedly soft growth in Europe and other large economies. As a... Read More

As Summer Beckons, New Study Finds Beer Adds Cool $328 Billion to U.S. Economy Economy
As Summer Beckons, New Study Finds Beer Adds Cool $328 Billion to U.S. Economy
2019-05-24 01:36:22
by Dan McCue

Beer produced in America contributes $328 billion to the national economy annually, while helping to employ 2.1 million in industries ranging from farming to construction, according to a new study from the Beer Institute and the National Beer Wholesalers Association.... Read More

US Economy Grew at Strong 3.2 Percent Rate in First Quarter Economy
US Economy Grew at Strong 3.2 Percent Rate in First Quarter
2019-04-26 20:26:35
by Dan McCue

The U.S. economy grew at a solid 3.2 percent annual rate in the first three months of the year, the Commerce Department reported Friday. The numbers for the nation's gross domestic product were far better than expected and show an... Read More

Unemployment Claims Post Largest Increase in Nearly Two Years Economy
Unemployment Claims Post Largest Increase in Nearly Two Years
2019-04-25 18:14:57
by Dan McCue

The number of Americans filing applications for unemployment benefits saw their largest increase in 19 months last week, the Labor Department reported Thursday. Initial claims for state unemployment benefits jumped 37,000 to a seasonally adjusted 230,000 for the week ended... Read More

Retail Sales Surge in March, Reaching Fastest Pace Since 2017 Economy
Retail Sales Surge in March, Reaching Fastest Pace Since 2017
2019-04-18 19:56:41
by Dan McCue

Americans went on a buying binge in March, and their spending on cars, furniture and clothing resulted in the strongest increase in sales since September 2017, the Commerce Department said Thursday morning. Overall, sales increased by a seasonally adjusted 1.6... Read More

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