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Business and Economic News

U.S. Treasury Department labels China currency manipulator

U.S. Treasury Department labels China currency manipulator

China decided Monday to meet President Trump's latest tariff threat with defiance, letting its currency drop to an 11-year low. On Wall Street, the Dow Jones Industrial Average ended Monday down nearly 3 percent.
by The Associated Press

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Farmfest returns to southwestern Minnesota this week

Farmfest returns to southwestern Minnesota this week

The annual agriculture trade show takes place from Tuesday through Thursday on a 50-acre site at the Gilfillan Estate southeast of Redwood Falls.
by Andrew Krueger

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Defining the meaning and value of investigative journalism

Two local investigative journalists talked about how their work has sparked change, and share their thoughts on the importance of this type of journalism in the Trump era.
by Angela Davis and Karen Zamora

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South Korea vows countermeasures as Japan downgrades trade status

South Korea vows countermeasures as Japan downgrades trade status

Japan's Cabinet on Friday approved the removal of South Korea from a list of countries with preferential trade status, prompting retaliation from Seoul where a senior official summoned the Japanese ambassador and told him that South Koreans may no longer consider Japan a friendly nation.
by The Associated Press

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China threatens retaliation for Trump's planned tariff hike

China threatens retaliation for Trump's planned tariff hike

China on Friday threatened retaliation if U.S. President Trump's planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling.
by The Associated Press

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Trump says he'll put 10 percent tariffs on remaining China imports

Trump says he'll put 10 percent tariffs on remaining China imports

President Trump intensified pressure Thursday on China to reach a trade deal by saying he will impose 10 percent tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn't already taxed. The move immediately sent stock prices sinking.
by The Associated Press

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Fed cuts interest rates for 1st time since 2008

Fed cuts interest rates for 1st time since 2008

The quarter-point cut signals growing concern at the Federal Reserve about a slowdown in the economy amid the trade war with China. The Fed last cut rates in 2008 and raised them as late as December.
by Scott Horsley

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Q&A: What to know about the Capital One data breach

Q&A: What to know about the Capital One data breach

The data breach involves about 100 million people in the U.S. and 6 million in Canada. Capital One said it will reach out to those affected using "a variety of channels."

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Boris Johnson tries to reassure on Brexit as pound slumps

Boris Johnson tries to reassure on Brexit as pound slumps

British Prime Minister Boris Johnson was visiting Wales on Tuesday as part of a national tour intended to reassure Britons that his hard-Brexit push won't hurt the economy and rip apart the U.K.
by Associated Press

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