Stories about Markets

Jun 19 2018

Audi CEO arrested: Volkswagen

Last month VW admitted an additional 60,000 Audi A6 and A7 models with diesel engines had a defeat device - on top of the 850,000 recalled in 2017. The head of Volks...

Jun 19 2018

China responds to Donald Trump moves by scrapping surplus trade agreement

China previously issued a list of U.S. products it would hit with 25 percent tariffs in the event of a trade war - from big products like soybeans and beef to more ni...

Jun 19 2018

China hits back with tariffs on USA goods

The first section will be implemented on July 6 and apply to 818 goods with a total value of $US34 billion. A lot, but not a lot. The tariffs cover 1,102 separate p...

Jun 18 2018

China urges U.S. to make 'wise choice' on trade tariffs

The moves increase the trade dispute between the world's two largest economies. "This is not the right approach", said Tom Donohue, president and chief executive of t...

Jun 18 2018

OnPolitics Today: 'We'll stop it,' Federal Bureau of Investigation agent said of Trump election

Although the report made it clear that, if anything, Comey helped Trump by re-opening the Clinton investigation before the election, Meyers focused on the "infuriati...

Jun 18 2018

Trump Spares Made-in-USA Apparel With Most Machinery Tariff

The two sides had said in a joint statement that China would "significantly increase " purchases of USA agricultural and energy products to reduce the trade imbala...

Jun 18 2018

Stocks close down as U.S., China trade fire on tariffs

President Donald Trump speaks during a graduation and commissioning ceremony at the U.S. Naval Academy on May 25, 2018, in Annapolis, Maryland. China has threatened t...

Jun 17 2018

Rent prices too high for minimum wage jobs

This year's report, which features a preface by Vermont independent Bernie Sanders, shows a slight increase in housing prices over last's, finding that for a full-time wo...

Jun 17 2018

All eyes on OPEC as Trump gripes over prices

USA light crude was 40 cents lower at $65.96. "Prices are unlikely to increase as sharply as they did from mid-2017 onwards and thus the dampening effect on demand will...

Jun 17 2018

Dig it: Elon Musk’s Boring Co. gets tapped for Chicago project

The Boring Company released Wednesday renderings of what the underground system and rail cars would look like. Chicago was at least the third city to enter negotiat...

Jun 16 2018

Computer glitch strands thousands of travelers at Charlotte airport

American Airlines tweeted to a stranded passenger, "Our partner PSA Airlines is experiencing a technical issue and all flights are canceled". Travel through Charlotte-...

Jun 16 2018

McDonald's is ditching plastic straws from all their Irish restaurants

The announcements come amid a global movement to eliminate the use of plastic straws, which are hard to recycle and often end up in the ocean. "McDonald's is committed ...

Jun 16 2018

Honey Smacks Salmonella Outbreak Sickens 73 in 31 States

Kellogg's is recalling its Honey Smacks cereal this week after the boxed breakfast food was linked to dozens of Salmonella infections across the country. The UPC code...

Jun 16 2018

Theranos Founder Holmes, Ex-President Charged With Fraud

The pair misled investors through false written and verbal communications, marketing materials containing falsehoods and "false and misleading financial statements, model...

Jun 15 2018

Chicago Picks Musk's Boring Co. for O'Hare Express Service

A view of The Boring Company Tunnel in Los Angeles . The Boring Company has released details about its proposed system already-it calls the system a "Loop" as ...

Jun 15 2018

Concerned About Inflation, Fed Raises Rates and Signals More on the Way

The Fed said its policy of further gradual rate increases will be "consistent with sustained expansion of economic activity, strong labor market conditions, and inflat...

Jun 15 2018

Comcast Makes Bid For 21st Century Fox In Big Hollywood Power Play

About $2.5 billion of the promised breakup fee comes from a commitment to pay Disney's breakup fee in what Comcast terms as the "unlikely event" that the DOJ doesn't si...

Jun 14 2018

Trump refuses to endorse G-7 communique, threatens Canada with more tariffs

President Donald Trump's chief economic adviser Larry Kudlow on Sunday accused Canadian Prime Minister Justin Trudeau of undermining the United States and its allies ...

Jun 13 2018

Trump Pulls Out Of Joint G7 Statement, Calls Trudeau 'Weak'

Trump also took aim at Canadian Prime Minister Justin Trudeau and said he might double down on import tariffs by hitting the sensitive automobile industry, throwing G7...

Jun 13 2018

Bitcoin plummets after small crypto exchange hacked

In addition to broader security worries, as Bloomberg News reports , there are also concerns about China's attempts to control how virtual currencies work - and over c...