Finance

WASHINGTON, Aug 1 (Reuters) – U.S. President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, as talks aimed at easting tensions between the world’s two largest economies continue. “Trade talks are continuing, and during the talks the U.S. will start, on September 1st, […]

Republicans promised that Mr. Trump’s $1.5 trillion tax cut, which featured large reductions for corporations and other business owners, would supercharge business investment in America. And it did — but only briefly. Nonresidential fixed investment grew at an annual rate of nearly 9 percent in the first quarter after the tax cuts were enacted, its

U.S. long-term mortgage rates were flat to slightly higher this week, hovering around three-year lows after the Federal Reserve’s cut in its benchmark interest rate for the first time in a decade. The Fed announced the landmark rate cut Wednesday after a two-day meeting of its policymakers. Mortgage buyer Freddie Mac said Thursday the average

Stocks moved higher in early trading on Wall Street Thursday as investors focused on several solid earnings reports after a late bout of selling the day before. Interested in Stock Market? Add Stock Market as an interest to stay up to date on the latest Stock Market news, video, and analysis from ABC News. Investors

The worry, arising from some important new research, is that the benefits of Fed rate cuts in today’s environment may be substantially overrated. Typically, when rates drop, consumers buy more durable goods like washing machines and cars, homeowners refinance their mortgages and effectively get a tax cut, and businesses invest more because the cost of

General Motors on Thursday reported an increase of 1% in its second quarter profit as strong sales of higher-priced pickups and SUVs overcame falling global sales. The Detroit automaker said Thursday that it made $2.42 billion, or $1.66 per share, from April through June. Adjusting for restructuring costs, GM made $1.64 per share, blowing by

As the number of newspapers in the United States continues to dwindle, small communities are suffering the biggest blow. When hometown papers shutter, the news they once covered — school board updates, city government scandals, high school sports games — often gets lost in a void. Their role as a community connector also ceases to

Preparing a small business for a disaster like a hurricane or wildfire requires time and attention, but many owners worried about more immediate concerns may never get to do much planning. They should be sure they protect the most critical parts of their operations, starting with employees, customers and data. Some of the basics: —Communication.

Cheaper mortgages are usually a boon to the housing market. But this year, a sharp drop in mortgage rates hasn’t provided much of a lift, and that could bode poorly for the Federal Reserve’s efforts to shore up economic growth. To see why, take a look at what has happened in housing since mortgage rates

Asian stock markets followed Wall Street lower Thursday after the U.S. central bank cut its key interest rate but left investors uncertain about future reductions. Benchmarks in Shanghai, Hong Kong, Australia and Tokyo all tumbled. The Federal Reserve’s quarter-point cut, its first in a decade, was widely expected. But Chairman Jerome Powell disappointed investors by