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 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 […]

Business

Consumer confidence hits highest level since December 2000 – CNBC

(CNBC)  Consumers were even more optimistic in October than economists polled by Reuters expected. Consumer confidence rose to 125.9 in October, according to the Conference Board. The index “increased to its highest level in almost 17 years,” Lynn Franco, Director of Economic Indicators at The Conference Board, said in a statement. That was in December […]

Business

Macy’s just signaled the end of department stores as we know them – AOL Finance

(AOL Finance)  Macy’s is morphing into a discount store.The department-store chain is testing self-service systems in its shoe departments and at its beauty counters, meaning customers would serve themselves instead of finding a salesperson to retrieve shoes or make eyeliner recommendations. This model copies highly successful off-price retailers like TJ Maxx and Nordstrom Rack. Customer […]

U.S. News

The slowing begins: Foreign Banks Retreating from Lending to U.S.

(CitizensOutpost) As previously reported, The Fed has increased interest rates by a quarter of a percent in an effort to spark inflation.  Seemingly in anticipation of this change, the first week of March has already recorded a 0.75% drop in foreign-related loans and leases: The contraction of foreign loans comes at a time when loan […]

Business U.S. News

The Fed and the Trump Administration are in an Economic Race

(CitizensOutpost) In a bid to spark market inflation, the Federal Reserve may be accelerating its efforts to increase interest rates: On Wednesday, the U.S. central bank is almost universally expected to raise its benchmark interest rates, a move that just a few weeks ago was viewed by the markets as unlikely. And with inflation showing signs […]

Business

Samsung Plans U.S. Expansion, Would Shift Manufacturing From Mexico – WSJ

  (WSJ) SEOUL— Samsung Electronics Co. is planning a major investment to expand its U.S. production facilities, according to people familiar with the matter, with at least five states in discussions. The initial capital investment is expected to be around $300 million, several of the people said, with Samsung shifting some production of oven ranges […]