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economy and business news

Wall Street Rebounds as US-China Trade Rhetoric Cools

Wall Street Rebounds as US-China Trade Rhetoric Cools

Technology stocks led the S&P 500 and the Nasdaq higher on Tuesday, with U.S. stocks reclaiming ground lost to Monday’s...

Stocks Rise, Claw Back Chunk of Monday’s Trade-War Plunge

Stocks Rise, Claw Back Chunk of Monday’s Trade-War Plunge

Stocks climbed on Tuesday and clawed back a chunk of their losses from Monday’s rout, the latest whipsaw move as...

Uber Drivers Are Contractors, Not Employees, US Labor Agency Says

Uber Drivers Are Contractors, Not Employees, US Labor Agency Says

A U.S. labor agency has concluded that ride-hailing company Uber Technologies Inc’s drivers are independent contractors and not its employees,...

US, China Trade War Already Reshaping Trade Links

US, China Trade War Already Reshaping Trade Links

With the Trump administration locked in an escalating trade war with China, much of the media focus is on the...

Truck Drivers Become Key EU Election Issue in Bulgaria

Truck Drivers Become Key EU Election Issue in Bulgaria

The future of Bulgaria’s vast number of low-wage truck drivers has become a top campaign issue in the country heading...

Trump: US ‘Can Make a Deal’ with China

Trump: US ‘Can Make a Deal’ with China

Capitol Hill correspondent Michael Bowman and reporter Ira Mellman contributed to this report President Donald Trump said the United States...

Trump Says US Tariffs on Chinese Goods ‘Fill US Coffers’

Trump Says US Tariffs on Chinese Goods ‘Fill US Coffers’

U.S. President Donald Trump on Monday said U.S. tariffs on China bring billions of dollars into U.S. coffers. He said...

Deepening US-Chinese Trade War Sparks Unease on Capitol Hill

Deepening US-Chinese Trade War Sparks Unease on Capitol Hill

As Washington and Beijing impose ever-higher tariffs, prompting financial markets to falter, U.S. lawmakers are expressing hope for a swift...

Fed Officials See Risks in Weaker Inflation Expectations, Trade Row

Fed Officials See Risks in Weaker Inflation Expectations, Trade Row

A drop in the consumer outlook for inflation and intensifying trade tensions drew caution from Federal Reserve officials on Monday...

Escalating US-China Trade War Sends Stocks Plunging

Escalating US-China Trade War Sends Stocks Plunging

The Dow Jones Industrial Average plunged more than 500 points Monday as investors sought shelter from an escalating trade war...

Supreme Court Allows Lawsuit Over iPhone Apps

Supreme Court Allows Lawsuit Over iPhone Apps

The Supreme Court is allowing consumers to pursue an antitrust lawsuit that claims Apple has unfairly monopolized the market for...

China Imposes Tariffs on $60 Billion in US Exports

China Imposes Tariffs on $60 Billion in US Exports

China said Monday it would impose tariffs on $60 billion worth of imports from the United States, retaliating after President...