Finance

Still, while four of Mr. Trump’s Fed nominees were confirmed, his two most recent formal nominations — Nellie Liang and Marvin Goodfriend — were never cleared by lawmakers. And neither Mr. Moore, a political commentator, nor Mr. Cain, a former presidential candidate, was ever formally nominated after concerns about past issues surfaced. Ms. Shelton would […]

Air China Ltd., one of China’s three major state-owned airlines, is joining carriers that are asking Boeing Co. for compensation for the grounding of their 737 Max jetliners following two fatal crashes. The carrier also has asked Boeing for compensation for disruptions due to delays in delivery of new aircraft, an employee of Air China’s

DETROIT, May 20 (Reuters) ― Ford Motor Co said on Monday it will eliminate about 10% percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. Ford Chief Executive Jim Hackett

The hottest pitch in real estate is the opportunity zone, one of 8,700 geographic areas in the United States in need of economic investment. Opportunity zones encompass three enticements that make real estate attractive to professional investors: the promise of change in underserved areas, the chance of an outsize investment return and the opportunity for

WASHINGTON — America’s job market is booming and the economy is strong, but that combination is not raising prices the way it used to. Biscuit Head, a North Carolina restaurant chain serving up gravy flights and homemade jam, would be charging more if the previous economic relationships held up. At 3.3 percent, unemployment in Asheville,

Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. Benchmarks in Shanghai, Seoul and Sydney advanced, while Tokyo and Hong Kong declined. Anxiety over U.S.-Chinese trade tension was reignited by Washington’s decision to require export licenses for technology sales to Huawei Technologies Ltd.

Most states saw growth in the middle class between 2016 and 2017, but the number of households in that group still had not recovered to the levels of 2000. Only Nebraska and the District of Columbia had a middle class bigger than in 2000, according to a Stateline analysis of American Community Survey microdata at

Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10 percent of its global salaried workforce. The major revamp, which had been under way since last year, will save about $600 million per year by

Shares were mixed in Asia on Monday, with India and Australia leading gains for the region following elections that looked set to keep incumbents in office. Japan’s Nikkei 225 index edged up 0.3% to 21,343.09 after the government reported Monday that the economy grew at a better-than-expected 2.1% annual pace in January-March. In Australia, the

TOKYO — Japan reported a surprising economic upswing in the first three months of the year, but the sunny figures belied continuing weaknesses that threaten the country’s prospects. Japan’s economy, the third largest in the world behind the United States and China, grew at an annualized rate of 2.1 percent in the first quarter of