Business and Economic News

Despite strong economy, federal deficit soars
Even with a healthy job market and rapid economic growth, the federal government is piling up debt. The government's deficit is expected to top $1 trillion next year.
Apple becomes world's 1st private-sector company worth $1 trillion
The tech giant and the world's most valuable publicly traded company became first to reach the milestone market value. Amazon is also approaching $1 trillion in value, but Apple got there first.
Trump administration threatens even higher tariffs on China
President Trump is ratcheting up the pressure on China over trade. The administration threatened to raise proposed tariffs on Chinese imports from 10 percent to 25 percent.
Citing increased danger, union for Minn. corrections officers demands higher staffing levels
The union representing corrections officers in Minnesota prisons demanded the state hire more staff to address what it calls unsafe conditions that led to the death of Officer Joseph Gomm last month.
Inflation, gas prices, tariffs squeeze consumers
The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs.
Scientists: Surprisingly small 'dead zone' off Louisiana
Dead zones are areas in which water at and above the sea floor holds too little oxygen to support marine life. This dead zone is the fourth-smallest ever measured in Louisiana.
Facebook says it removed pages involved in deceptive political influence campaign
The activity on Facebook and Instagram included organizing counter-protests for a white nationalist rally in Washington. There's evidence of links to previous Russian disinformation efforts.