WASHINGTON (AP) — From an ice cream parlor in California to a medical supply business in North Carolina to a T-shirt vendor outside Detroit, U.S. businesses are bracing to take a hit from the taxes President Donald Trump imposed Saturday on imports from Canada, Mexico and China — America’s three biggest trading partners. The levies…
PALM BEACH, Fla. (AP) — New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose Saturday represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy. In Trump’s view, the 25% tariffs against the two…
TOKYO — Global shares were mixed in a muted reaction Tuesday to the inauguration of U.S. President Donald Trump. France’s CAC 40 gained 0.1% to 7,739.02, while Germany’s DAX was flat at 20,988.89. Britain’s FTSE 100 gained 0.1% to 8,533.10. The future for the S&P 500 was up 0.3% and that for the Dow Jones…
{KXLG – Watertown, SD} Community Transit of Watertown/Sisseton announced the Sisseton-Wahpeton Oyate of the Lake Traverse Reservation will receive $690,327 in funding to expand its transit operations, including the addition of vehicles for new routes and weekend hours to ensure continued transit services for tribal members in northeastern South Dakota. This expansion project will help…
U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought.The S&P 500 fell 2.9%, just shy of its biggest loss for the year from the summer, to pull further from its…
WASHINGTON — President Joe Biden will sign a proclamation Monday establishing a national monument honoring the late FDR-era Labor Secretary Frances Perkins, the first woman appointed to serve in a presidential Cabinet and a driving force behind the New Deal, according to the White House. Biden is expected to visit the Labor Department on Monday…
BANGKOK (AP) — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. Leaders of the ruling Communist Party wrapped up their two-day Central Economic Work Conference on Thursday with praise for President…
A familiar sense of skepticism has reemerged in Chinese markets, with a fast fading stock rally signaling low expectations for a key economic policy meeting to deliver the kind of forceful growth stimulus pledged by authorities. The CSI 300 onshore equities benchmark ended Wednesday’s morning session flat. The index rallied as much as 3.3% in…
China stocks, including Alibaba (BABA), JD.com (JD), NIO (NIO), PDD Holdings (PDD), and Xpeng (XPEV), rise after officials indicated a shift in economic policy. The country says it will embrace a “moderately loose” monetary policy and take a “more proactive” approach to fiscal stimulus policy before President-elect Donald Trump’s return to the White House. KraneShares…
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