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Economy News

August 11, 2020
Rising star in Detroit departs suddenly for Silicon Valley
The chief financial officer at General Motors, Dhivya Suryadevara, is trading Detroit for Silicon Valley in a surprise ...
August 11, 2020
Hong Kong residents defend free press as China cracks down
Last year, hundreds of thousands of people took to the streets of Hong Kong to demand full democracy, many egged on by a ...
August 11, 2020
US producer prices up 0.6% in July, biggest jump since 2018
U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, as energy prices moved sharply ...
August 11, 2020
German authorities conduct raids in money laundering probe
German authorities raided an import-export company and the home of a businessman in the state of Brandenburg on Tuesday on ...
August 11, 2020
Powerful storm leaves devastation across Midwest
A rare storm packing 100 mph winds and with power similar to an inland hurricane swept through the Midwest on Monday, blowing ...
August 11, 2020
McDonald's sues ousted CEO, alleging employee relationships
McDonald’s says it's suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an ...
August 10, 2020
Chicago resident on unrest: 'It's getting scary'
A longtime Chicago resident watching the cleanup following a night of vandalism and stealing in the main shopping district ...
August 10, 2020
China business travel returns for Marriott, revenue tumbles
Marriott has reopened 91% of its hotels globally as business travel reemerges in China and worldwide occupancy, which tumbled ...
August 10, 2020
Malaysia's ex-finance minister charged again in graft case
Malaysia's former finance minister pleaded not guilty Monday to a second corruption charge related to a $1.5 billion undersea ...
August 09, 2020
India to ban imports of 101 items of military equipment
India said Sunday that it will ban the imports of 101 items of military equipment in an effort to boost local production and ...
August 08, 2020
FAA employees who oversee airplane makers report pressure
Federal employees overseeing Boeing and other aircraft makers say they face pressure from the companies and fear retribution ...
August 08, 2020
US consumer borrowing up in June after 3 months of declines
The pandemic still has Americans easing off the plastic. U.S. consumer borrowing rose in June after three months of declines ...
August 07, 2020
Canada plans retaliatory tariffs against US
Deputy Prime Minister Chrystia Freeland says Canada will hit back against U.S. tariffs on Canadian aluminum with $3.6 billion ...
August 07, 2020
SpaceX launches rocket with batch of satellites
A SpaceX Falcon 9 rocket released dozens of satellites early Friday after launching from Cape Canaveral, Florida.
August 07, 2020
China sentences fourth Canadian to death on drug charges
China has sentenced a fourth Canadian citizen to death on drug charges in less than two years following a sharp downturn in ...
August 07, 2020
New York attorney general seeks to dissolve NRA
New York’s attorney general sued the National Rifle Association on Thursday, seeking to put the powerful gun advocacy ...
August 06, 2020
Trump campaigns in Ohio, slaps tariffs on Canada
President Donald Trump billed his trip to Ohio Thursday as a chance to promote economic recovery and to talk trade. But one ...
August 06, 2020
NY attorney general seeks to dissolve NRA
New York's attorney general sued the National Rifle Association on Thursday, seeking to dissolve the powerful gun advocacy ...
August 06, 2020
Pelosi: 'Don't nickel and dime our children'
Speaker of the House Nancy Pelosi and Senate Minority Leader Chuck Schumer, D-N.Y., staked out a firm position to extend a ...
August 05, 2020
Facebook launches its new TikTok clone, Instagram Reels
Facebook's Instagram is officially launching its answer to the hit short video app TikTok — Instagram Reels. The new ...
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