Gold crossed the $4,000-per-ounce line this week; with nearly three months to go, the price is up 51% this year — the biggest jump since it soared 126% in 1979, deep in the depths of Jimmy Carter’s stagflation, gas lines and foreign-policy disasters. In other words, gold spikes historically indicate investor panic; the metal’s seen…
Fashion knows no bounds — and neither do these prices. American trendsetters have fallen in love with fast-fashion brands like Zara, Mango and River Island for their stylish and relatively affordable options. But lately, many US customers are feeling the tariff pinch as these stores are hiking up prices by sometimes astronomical amounts. However, the…
U.S. stocks are edging higher, a day after breaking their seven-day winning streak, while the price of gold is pushing further past $4,000 per ounce. The S&P 500 rose 0.2% in early trading Wednesday and is near its all-time high set on Monday. The Dow Jones Industrial Average rose 51 points, and the Nasdaq composite…
Greenville, Illinois — It’s prime harvest season in southern Illinois, but for soybean farmers like Scott Gaffner, what’s usually a time of reward has turned into worry. “The great majority of [soybeans] coming from this area would be going to China,” Gaffner said, but “not this year.” China is the largest consumer of soybeans. The…
Washington — The Trump administration is considering a significant financial aid package for farmers, according to multiple sources familiar with the discussions. The package could include more than $10 billion in relief. The White House is focusing on soybean farmers, since they’ve been hard hit by the Chinese boycott on American soybeans. Discussions about the…
China has announced it is monitoring Mexico’s ongoing antidumping probes into Chinese products and urged the country to uphold World Trade Organization (WTO) rules throughout the process, a spokesperson for China’s Ministry of Commerce said, who was not identified. “We have noted that Mexico’s Ministry of Economy, at the request of domestic companies, has recently…
By Didi Tang, Josh Funk, Steve Karnowski, Dylan Lovan, Obed Lamy, Scott McFetridge and Michael Conroy To show the crushing impact of the Trump administration’s tariffs on U.S. soybean farmers, a multi-format team of AP journalists connected a Washington policy debate with its consequences in the American heartland. Led by Didi Tang and Josh Funk,…
US President Donald Trump on Wednesday (local time) said that he will meet Chinese President Xi Jinping in four weeks, with the soybean issue to be a significant topic of their discussion. He noted that farmers of the United States are being “hurt” as China, for “negotiating reasons”, is not “buying” Soyabean and vowed to…
The first Gregory’s Coffee opened in 2006 on Manhattan’s Park Avenue. Nineteen years later, the family-owned business has expanded to over 54 locations around the U.S. as well as a roastery in Queens, New York, that handles coffee beans from Brazil, Rwanda, Nicaragua and other major global producers. For Gregory Zamfotis, founder of the New…
Fresh tariffs on upholstered furniture, kitchen cabinets and bathroom vanities recently announced by President Trump on social media could cause already high prices to rise even further, and deter some Americans from embarking on home renovation projects. Mr. Trump on Thursday said his administration will levy a 50% tariff on all imported kitchen cabinets, bathroom vanities…