Finance

Trump taps Perry deputy to replace him amid Ukraine scandal

President Donald Trump on Friday selected Dan Brouillette, deputy to departing Energy Secretary Rick Perry, to lead the Energy Department, calling him a “total professional” with unparalleled experience. Interested in Trump Administration? Add Trump Administration as an interest to stay up to date on the latest Trump Administration news, video, and analysis from ABC News.

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Brexit On A Knife Edge As Boris Johnson Stakes All On ‘Super Saturday’ Vote

LONDON, Oct 18 (Reuters) – Britain’s exit from the European Union hung on a knife-edge on Friday as Prime Minister Boris Johnson scrambled to persuade doubters to rally behind his last-minute European Union divorce deal in an extraordinary vote in parliament. In one of the most striking flourishes of the three-year Brexit drama, Johnson confounded

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Messages from former Boeing test pilot reveal Max concerns

A former senior Boeing test pilot told a co-worker that he unknowingly misled safety regulators about problems with a flight-control system that would later be implicated in two deadly crashes of the company’s 737 Max. The pilot, Mark Forkner, told another Boeing employee in 2016 that the flight system, called MCAS, was “egregious” and “running

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California unemployment rate falls to record low of 4%

California’s economy kept humming in September, dropping the unemployment rate to a record low 4% statewide and under 2% in San Francisco and some of its neighboring counties, a level that economists once thought impossible. “That is almost unthinkable,” said Sung Won Sohn, professor of economics at Loyola Marymount University. “It flies in the face

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Stocks end lower; S&P 500 notches 2nd straight weekly gain

The S&P 500 index closed out an uneven week of trading on Wall Street with its second straight weekly gain, even though stock indexes ended lower Friday. Technology companies led the slide, which erased the major U.S. indexes’ gains from the day before. Communication services, industrials and health care stocks also fell, outweighing gains in

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Fed Signals a Rate Cut Remains Possible, Despite Glimmers of Economic Hope

WASHINGTON — The United Kingdom drew closer this week to exiting the European Union with a deal, and trade talks with China have led to a mild de-escalation. But those hopeful signs were not enough to soothe Federal Reserve officials’ worries about the United States economy. As they head into a quiet period ahead of

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