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Business and Economic News

Dow tumbles 800 points as bond markets signal recession

Dow tumbles 800 points as bond markets signal recession

Some worry a trade war is hurting the global economy, and the yield on the benchmark 10-year Treasury note fell below 2-year Treasuries — which have a strong track record of predicting a recession.
by Uri Berliner and Chris Arnold

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Stocks fall sharply after bond market warns of recession

The yield on the 10-year Treasury briefly dropped below the two-year Treasury's yield Wednesday for the first time since 2007. The so-called inversion has correctly predicted many past recessions and is the loudest warning bell yet about a possible recession ahead.
by The Associated Press

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Trump administration delays some China tariffs

Trump administration delays some China tariffs

The Trump administration is postponing some tariffs on Chinese imports set to take effect on Sept.1. Tariffs on laptops, cellphones, some clothing and other items are now set to begin Dec. 15.
by Scott Horsley

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Is grass-fed beef really better for the planet? Here's the science

Is grass-fed beef really better for the planet? Here's the science

There are many elements to consider: climate, animal welfare, greenhouse-gas emissions, land use. And with so many factors at play, sometimes the answer gets complicated.
by Nancy Matsumoto

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Police crack down on protesters occupying Hong Kong's airport

Police crack down on protesters occupying Hong Kong's airport

Operations at the major aviation hub initially appeared to be returning to normal early Tuesday, but by the afternoon, hundreds of pro-democracy activists had returned to departure areas.
by Scott Neuman

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Energy boom that Trump celebrates began years before he took office

President Trump tours a Pennsylvania petrochemical plant Tuesday to highlight the U.S. energy boom. Trump claims credit for surging oil and gas production, but the trend began before he took office.
by Scott Horsley

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South Korea to remove Japan from preferred trade list

South Korea to remove Japan from preferred trade list

South Korea said Monday that it has decided to remove Japan from a list of nations receiving preferential treatment in trade in what was seen as a tit-for-tat move following Tokyo's recent decision to downgrade Seoul's trade status amid a diplomatic row.
by The Associated Press

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Hong Kong airport shuts down amid pro-democracy protest

Hong Kong airport shuts down amid pro-democracy protest

One of the world's busiest airports canceled all flights after thousands of Hong Kong pro-democracy protesters crowded into the main terminal Monday afternoon.
by The Associated Press

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Cash-back guarantee: The U.S. redeems damaged bills because the dollar depends on it

Cash-back guarantee: The U.S. redeems damaged bills because the dollar depends on it

The U.S. Treasury reviews some 24,000 cases a year and reimburses around $30 million to people whose money has been burned, soaked by flooding or otherwise damaged. This service helps underpin the dollar's integrity.
by Josh Axelrod

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Walmart pulls violent game displays; no change on gun sales

Walmart pulls violent game displays; no change on gun sales

In an internal memo, employees were instructed to "Review your store for any signing or displays that contain violent images or aggressive behavior. Remove from the sales-floor or turn off these items immediately."
by The Associated Press

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