Author: Ylan Q. Mui
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Top U.S. trade official sounds alarm over protectionist policies
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save WASHINGTON – Outgoing U.S. Trade Representative Michael Froman warned Tuesday that America risks ceding its dominance of the global economy if President-elect Donald Trump follows through on promises to slap punitive tariffs on imports and…
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Trump warns of ‘retribution’ if companies move jobs out of U.S.
President-elect Donald Trump on Sunday issued a dramatic warning to companies that they would face “retribution” in the form of tariffs if they move American jobs overseas, setting up a collision with corporate America and the free-market wing of the Republican Party. In a string of early-morning tweets, Trump said he intends to keep jobs…
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Why Trump gets more hype out of 1,000 jobs than Obama does out of 16 million
At least for a moment, President-elect Donald Trump appeared to achieve this week what President Obama struggled to do for most of the past eight years: convince Americans that he can fix the economy. Cheering crowds greeted Trump during his victory lap through the Rust Belt this week following the announcement that the nation’s new…
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U.S. stock markets surge after global turmoil overnight
Wall Street roared to life Wednesday in a wild day of trading that began with gut-wrenching selloffs in Europe and Asia following Donald Trump’s stunning upset in the U.S. presidential election. The blue-chip Dow Jones Industrial Average jumped more than 200 points, or about 1 percent, just before noon despite earlier turmoil in futures markets…
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White House making last-ditch efforts for a trade deal with Asia
WASHINGTON – The White House on Thursday estimated that more than $5 billion in U.S. exports and millions of jobs could be threatened if Japan strikes a new trade deal with China without a similar agreement in place with the United States, part of the administration’s last-ditch efforts to push President Barack Obama’s politically embattled…
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Federal Reserve leaves key interest rate unchanged
WASHINGTON – The Federal Reserve left its benchmark interest rate unchanged on Wednesday amid fresh doubts about the health of the U.S. job market and growing anxiety among investors that Britain might leave the European Union. The Fed has repeatedly been frustrated in its attempts to wean the American economy off the massive stimulus that…
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Majority of Fed officials prepared to raise interest rates in June, documents show
A majority of Federal Reserve officials are prepared to raise the central bank’s benchmark interest rate in June as long as the recovery remains on track, documents released Wednesday show. Such a move would underscore the resilience of the nation’s economy amidst a shaky global environment. The Fed had slashed its target rate to zero…
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More gloomy news triggers huge sell-off
WASHINGTON • Troubling new signs of a deep economic malaise touched off some of the worst stock market losses in history Wednesday, a day after the government announced a massive intervention that officials hoped would boost investor confidence. New data showed that consumers stayed away from malls, nixed plans for new cars and made do…
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LOUIS VUITTON’S HIGH PRICE FOR STATUS
&52,500: Both sides of a Louis Vuitton Tribute Patchwork handbag shows the pieces used to celebrate the history of the company. Photo by