Latest Economic policy News
US rejection of Nippon Steel's bid for US Steel rankles Washington's key ally in Asia
BANGKOK (AP) — U.S. President Joe Biden’s decision to reject a bid by Nippon Steel to acquire U.S. Steel on national security grounds isn’t the first time friction over trade and investment has irked Washington’s closest ally in Asia. There have been plenty of scraps over...
Corporate earnings growth faces uncertainty amid inflation worries, policy shift impact
NEW YORK (AP) — Wall Street expects corporate profits to have surged in 2024 and forecasts an even stronger jump for 2025. Companies still face a long list of uncertainties in the year ahead, including economic policy shifts, reheated inflation and shifts in the jobs market and...
Canadian Cabinet ministers meet with Trump's nominee for commerce secretary in bid to avoid tariffs
TORONTO (AP) — Two Canadian Cabinet ministers left a meeting at Mar-a-Lago on Friday without assurances President-elect Donald Trump will back away from threatened tariffs on all products from the major American trading partner. The Canadians called the talks “productive” and...
Canadian ministers head to Palm Beach for talks with incoming Trump administration
TORONTO (AP) — Two top Canadian Cabinet ministers are visiting Palm Beach to talk border security and trade with the incoming Donald Trump administration as Trump threatens tariffs on all Canadian products. New Finance Minister Dominic LeBlanc and Foreign Minister Mélanie Joly...
Turkey's central bank lowers key interest rate to 47.5%
ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 47.5% on Thursday, carrying out its first rate cut in nearly two years as it tries to control soaring inflation. Citing slowing inflation, the bank’s Monetary Policy Committee...
Turkey's soaring costs are creating a 'lost generation' of kids forced to help their families get by
ISTANBUL (AP) — In a dim one-room apartment in one of Istanbul’s poorest neighborhoods, 11-year-old Atakan Sahin curls up on a threadbare sofa with his siblings to watch TV while their mother stirs a pot of pasta. The simple meal is all the family of six can look forward to most...
An analyst looks ahead to how the US economy might fare under Trump
WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a...
Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
WEST PALM BEACH, Fla. (AP) — The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty. The Dow Jones stock index essentially ended Thursday flat after having posted 10 days...
Stock market today: Wall Street ends little changed after giving up a big morning gain
NEW YORK (AP) — An early rebound for U.S. stocks on Thursday petered out by the end of the day, leaving indexes close to flat. The S&P 500 edged down by 0.1% following Wednesday’s tumble of 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next...
How major US stock indexes fared Thursday, 12/19/2024
An early rebound for U.S. stocks petered out by the end of the day, leaving indexes close to flat. The S&P 500 edged down by 0.1% Thursday, coming off one of its worst days of the year after the Federal Reserve said it may deliver fewer cuts to interest rates in 2025 than earlier...
