Serving Beverly Hills, Bel Air, Holmby, Century City, Trousdale, Brentwood, Westwood

Economy

  • Latest

Tariffs, Tariff Threats, Talks: Trump Faces Key Week on Trade

The United States on Monday launched into a key week for trade policy, with Washington due to slap fresh tariffs on a host of Chinese goods even as it holds hearings to target thousands more.

Wall Street Ends Higher on US-China Trade Hopes

Wall Street stocks finished solidly higher for a second straight session on Friday on hopes of a breakthrough in US-China trade talks.

Trump Hails US Economic Growth Spurt, Promises More Ahead

President Donald Trump on Friday hailed roaring US economic growth as a "miracle," and said the quickest expansion in almost four years was a vindication of his economic agenda.

Stocks Enjoy Global Rally in Wake of UK Johnson’s Resignation

A global stocks rally gathered steam Monday, fueled by economic optimism, while the British foreign minister's sudden resignation over Brexit depressed the pound.

Wall Street Rally Surges S&P,DJI, and Nasdaq

 Wall Street was back in rally mode Monday, with the Dow and S&P 500 finishing at records as Apple, Facebook and other tech shares posted strong gains.

US Feds Raise Key Interest Rates 1/4 Percent

 The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25% on Wednesday and signaled another increase remains likely this year, despite the recent spate of weak economic data.

US and Canada to Resume NATO talks Tuesday

Talks to bridge the differences between the United States and Canada to salvage the North American Free Trade Agreement will resume in Washington on Tuesday, a Canadian spokesman said Monday.

US Stocks Higher Ahead of US-China Trade Talks

Wall Street stocks rose Monday ahead US-China trade talks that have lifted hopes for an agreement after months of tit-for-tat tariff announcements, including those due to hit this week.

Venezuelans Brace as Controversial Bank Notes Target Hyper Inflation

Venezuelans reacted nervously on Monday as President Nicolas Maduro rolled out his radical new plan to curb spiraling hyperinflation by slashing five zeros off the oil-rich, cash-poor country's crippled currency.

Tariffs, Tariff Threats, Talks: Trump Faces Key Week on Trade

The United States on Monday launched into a key week for trade policy, with Washington due to slap fresh tariffs on a host of Chinese goods even as it holds hearings to target thousands more.

Wall Street Ends Higher on US-China Trade Hopes

Wall Street stocks finished solidly higher for a second straight session on Friday on hopes of a breakthrough in US-China trade talks.

Trump Says DC Rained On Military Parade, Will Go To Paris Instead

President Donald Trump said Friday he had cancelled a military parade planned for November due to high costs — hours after the Pentagon indefinitely postponed the much-maligned event — and would instead head to Paris for ceremonies marking the end of World War I.

Trump Threatens to Raise Tariffs on Chinese Goods to 25% from 10%

The United States may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices, US officials said Wednesday.

Trump Hails US Economic Growth Spurt, Promises More Ahead

President Donald Trump on Friday hailed roaring US economic growth as a "miracle," and said the quickest expansion in almost four years was a vindication of his economic agenda.

Stocks Enjoy Global Rally in Wake of UK Johnson’s Resignation

A global stocks rally gathered steam Monday, fueled by economic optimism, while the British foreign minister's sudden resignation over Brexit depressed the pound.

US Federal Reserve Raises Key Interest Rate 1.75-2.0 Percent

 The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled two more hikes were coming in 2018 and four in 2019, a possible sign of concern about accelerating inflation.
Sign up for Breaking News & Alerts