Business and Economic News

June 10, 2019 6:26 AM

Fact check: No sign of Trump-Mexico deal on farm goods

The president tweeted that he had won the agreement to benefit America's "great patriot farmers," and that U.S. sales would begin "immediately." There isn't any sign of that happening, however. Mexican officials denied that anything on agriculture was included in the deal on border security reached Friday to avert Trump's threatened tariffs.

by The Associated Press

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June 9, 2019 2:30 PM

For many Germans, cash is still king

Average citizens in Germany carry more than 100 euros in their purses or wallets, significantly more than most of their European neighbors — and they keep big stashes at home.

by Simon Schütz

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June 9, 2019 11:50 AM

Trump still hangs tariff threat over Mexico despite deal

President Trump on Sunday dangled renewing his tariff threat on Mexico if the U.S. ally doesn't cooperate on border issues, as Democratic challengers criticized a deal reached to avert the tariffs as overblown.

by Associated Press

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June 8, 2019 3:45 PM

Buttigieg's high college debt draws attention to the issue

Democratic presidential candidate Pete Buttigieg knows firsthand the burden of six-figure student loan debt. He and his husband, Chasten, are far from alone, though, and their personal college indebtedness is helping to keep the issue on the national stage.

by Associated Press

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June 8, 2019 11:50 AM

700 former, current Shopko workers seek severance pay

The move comes after a federal judge on Friday approved the Wisconsin-based retailer's plan to exit bankruptcy protection and wind down its operations.

by Associated Press

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June 7, 2019 4:54 PM

Hiring slows amid trade tensions, with only 75,000 jobs added in May

The number of jobs added was well below the three-month average. Manufacturing, a key sector that is affected by trade tensions, showed weak growth. But the unemployment rate held steady, at 3.6 percent.

by Scott Horsley

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June 7, 2019 4:21 PM

Trump says U.S., Mexico reach agreement to prevent tariffs

President Trump announced late Friday that he had suspended plans to impose tariffs on Mexico, tweeting that the country "has agreed to take strong measures" to stem the flow of Central American migrants into the United States. But the deal the two neighbors agreed to falls short of some of the dramatic overhauls the U.S. had pushed for.

by Associated Press

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June 7, 2019 2:27 PM

Court lifts injunction blocking Keystone XL oil pipeline

An appeals court has lifted a judge's injunction that blocked construction of the Keystone XL oil pipeline from Canada to the U.S., but the developer has said it's too late to begin work this year and environmental groups vowed to keep fighting it.

by Associated Press

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June 7, 2019 1:47 PM

Barnes & Noble set to be sold to Elliott Management for about $683 million

That price tag includes all of the book megachain's debt. Elliott's acquisition of the largest retail bookseller in the U.S. comes less than a year after it bought Waterstones, the largest in the U.K.

by Colin Dwyer