Business U.S. News

Trump applies tariffs to solar panels, washing machines

WASHINGTON (AP) — President Donald Trump on Monday approved tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers. The Republican’s decision followed recommendations for tariffs by the U.S. International Trade Commission. “The president’s action makes clear again that the Trump administration will always defend American workers, farmers, ranchers, […]

Business U.S. News

Could Amazon Be Gearing Up For A Cryptocurrency Exchange?

(Zero Hedge)  Amazon.com may not only be gearing up to accept cryptocurriences as a means of payment, but I also believe that the company could be on its way to creating one of the world’s largest cryptocurrency exchanges in a move that would, I believe, be extremely synergistic for Amazon and would likely help them generate a substantial new […]

Business U.S. News

Apple announces plans to repatriate billions in overseas cash, says it will contribute $350 billion to the US economy over the next 5 years

(CNBC)  Apple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy in part because of the new tax law. The headline from Apple is that it will make a $350 billion “contribution” to the U.S. economy over the next five years, although it’s unclear exactly how the company […]

Business World News

China Weighs Slowing or Halting Purchases of U.S. Treasuries

(Bloomberg)  China added to bond investors’ jitters on Wednesday as traders braced for what they feared could be the end of a three-decade bull market. Senior government officials in Beijing reviewing the nation’s foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, according to people familiar with the matter. The news comes as global […]

Business U.S. News

Disney Makes Deal for 21st Century Fox, Reshaping Entertainment Landscape

(New York Times)  LOS ANGELES — The Walt Disney Company said on Thursday that it had reached a deal to buy most of the assets of 21st Century Fox, the conglomerate controlled by Rupert Murdoch, in an all-stock transaction valued at roughly $52.4 billion. While the agreement is subject to the approval of antitrust regulators […]

Business U.S. News

U.S. Economic Expansion Could Become Longest on Record

(Wall Street Journal)  Forecasters are increasingly optimistic the U.S. economic expansion could continue beyond the 2020 presidential election, aided by Republican tax legislation that is expected to lift growth over the next several years. The slow-but-sturdy expansion that began in mid-2009 already is the third-longest in U.S. history and, if it continues into the second half of […]