Latest Tariff Threat Could Be ‘Gut Punch’ for Apple
Analysts warn of a hit to earnings and iPhone demand if President Trump follows through with a 10% tariff on Chinese goods.
U.S. Budget Deficit Increases 23% in Nine Months
The budget gap could top $1 trillion for the full fiscal year.
Trump to Nominate Judy Shelton and Christopher Waller to Fed
The new nominations come after Trump’s previous nominees, Stephen Moore and Herman Cain, both withdrew from consideration.
Huawei CFO Argues for Halt to Extradition Case
Meng Wanzhou's lawyers said President Trump's comments about the case are evidence it is politically motivated.
Fed Resists Pressure for Interest Rate Cut
The Fed doesn't see "a strong case for moving [rates] in either direction" amid weak inflation and solid economic growth.
WTO Rebuffs Trump on ‘National Security’ Claims
A decision in a Russia-Ukraine trade dispute rejects an argument Trump has made to justify a 25% tariff on global auto imports.
Trump Taps Former Pizza Exec Cain for Fed Seat
Fed veterans are concerned Trump is seeking to reshape the central bank with political loyalists Herman Cain and Stephen Moore.
U.S. Trade Gap Jumps 12.5% to 10-Year High
President Trump's tariffs haven't closed the trade gap with China, which rose 11.6% to a record $419 billion in 2018.
Trump Taps Treasury Official as World Bank Head
David Malpass has criticized the bank's lending policies, raising concerns that he has been selected to push "a U.S.-policy-driven agenda.”
Government Shutdown Drags Into Week Three
The partial federal government shutdown is stretching into day 17 with no immediate end in sight.
Shutdown to Affect 800,000 Federal Workers
With no agreement on a funding bill apparently in the offing, employees are facing being furloughed or working without pay.