• California Nov 25, 2019

    Charles Schwab Buys TD Ameritrade in Brokerage Blockbuster

    Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement brought about by massive disruption in the online brokerage industry. Bowing to competitive pressure, brokerages have made it free for customers to trade U.S. stocks online. A combination of two of the biggest players in the industry would allow Schwab to save billions of...

  • Donald Trump Sep 20, 2019

    Fresh US-China Trade Worries Erase Early Gains for Stocks

    Wall Street closed out a volatile week with losses Friday as investors worried that upcoming trade talks aimed at resolving the costly trade war between Washington and Beijing could be in trouble. The selling, which erased modest early gains for the market, snapped a three-week win streak for the S&P 500. The benchmark index is still up 2.2% for September....

  • Donald Trump Aug 20, 2019

    White House Insists ‘Fundamentals' of Economy Are Strong

    The “fundamentals” of the U.S. economy are solid, the White House asserted Monday, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump’s reelection. Exhibiting no such concern, senior adviser Kellyanne Conway declared to reporters, “The fact is, the fundamentals of our economy are very strong,” It’s a phrase with...

  • Donald Trump Aug 7, 2019

    Why a US-China Deal That Once Looked Close Now Seems Far Off

    A deal seemed so close. As recently as May, the Trump administration and China seemed on the verge of resolving their dispute over Beijing’s combative trade policies. Then it all collapsed. A cease-fire, declared by Presidents Donald Trump and Xi Jinping in June, failed to stick. Now, global financial markets are shaking and central banks across the world are trying...

  • Donald Trump Aug 2, 2019

    China Threatens Retaliation for Trump's Planned Tariff Hike

    China on Friday threatened retaliation if U.S. President Donald Trump’s planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling. China’s government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending a costly fight over Beijing’s trade surplus and technology ambitions. Trump rattled...

  • Associated Press Aug 2, 2019

    Trump to Place 10% Tariff on Remaining Chinese Imports

    Tariffs are going up again on everything from iPhones to baby cribs imported from China. Starting September 1st the Trump administration will impose a ten percent tariff on $300 billion worth of goods, on top of the 25 percent already in place.

  • Donald Trump Aug 2, 2019

    Trump Says He'll Put 10% Tariffs on Remaining China Imports

    President Donald Trump intensified pressure on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking. The president has already imposed 25% tariffs on $250 billion in Chinese products, and Beijing has retaliated by taxing $110...

  • China Jun 20, 2019

    S&P 500 Index Closes at Record High as Stock Rally Continues

    Wall Street capped a broad rally for stocks Thursday by driving the S&P 500 index to an all-time high. The milestone, which eclipsed the benchmark index’s last record close on April 30, underscores a swift rebound for the market in June that has erased the losses from a 6.6% dive in May. The major U.S. stock indexes are up more...

  • China May 27, 2019

    New Auto Giant? Fiat Chrysler Wants to Merge With Renault

    Fiat Chrysler proposed on Monday to merge with France’s Renault to create the world’s third-biggest automaker, worth $40 billion, and combine forces in the race to make electric and autonomous vehicles. The merged company would reshape the global industry: it would produce some 8.7 million vehicles a year, leapfrogging General Motors and trailing only Volkswagen and Toyota. Shares of both...

  • Facebook May 9, 2019

    Parents Can't Delete What Kids Tell Amazon Voice Assistant

    Amazon met with skepticism from some privacy advocates and members of Congress last year when it introduced its first kid-oriented voice assistant , along with brightly colored models of its Echo Dot speaker designed for children. Now those advocates say the kids’ version of Amazon’s Alexa won’t forget what children tell it, even after parents try to delete the conversations....

  • BMW Feb 8, 2019

    Automakers Recall 1.7 Million Cars With Fatal Airbags

    Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace potentially deadly air bag inflators made by Takata Corp. of Japan. The inflators can hurl shrapnel into drivers and passengers. At least 23 people have died from the problem worldwide and hundreds more were injured. The moves, announced Friday by the U.S. government,...

  • driver Dec 29, 2018

    Wall Street Faces Annual Losses Despite Solid Gains for Week

    Wall Street capped a week of volatile trading Friday with an uneven finish and the market’s first weekly gain since November. Losses in technology, energy and industrial stocks outweighed gains in retailers and other consumer-focused companies. Stocks spent much of the day wavering between small gains and losses, ultimately unable to maintain the momentum from a two-day winning streak. Even...

  • Chairman Dec 10, 2018

    Nissan, Executives Charged With Underreporting Pay

    Tokyo prosecutors have charged Nissan’s former chairman Carlos Ghosn, another executive and the automaker itself for allegedly underreporting income. The charges imposed Monday involve allegations Ghosn’s pay was underreported by about 5 billion yen ($44 million) in 2011-2015. The prosecutors said earlier that the allegations were the reason for Ghosn’s arrest on Nov. 19. The prosecutors issued statements also outlining...

  • head Nov 29, 2018

    Electric Vehicles Send Real-Time Data to Chinese Government

    When Shan Junhua bought his white Tesla Model X, he knew it was a fast, beautiful car. What he didn’t know is that Tesla constantly sends information about the precise location of his car to the Chinese government. Tesla is not alone. China has called upon all electric vehicle manufacturers in China to make the same kind of reports —...

  • Donald Trump Oct 12, 2018

    VIDEO: Robbers Caught Going to Hosptial: Cops

    Stocks rebounded Friday, clawing back some of the week’s steep losses, but the turbulent trading of the last few days left no doubt that the relative calm the markets enjoyed all summer had been shattered. Major U.S. indexes ended the week down about 4 percent, their worst weekly loss in six months. An index measuring the performance of small-company stocks...

  • Donald Trump Oct 12, 2018

    Tech Stock Rally Helps Snap Losing Streak as Rough Week Ends

    Stocks rebounded Friday, clawing back some of the week’s steep losses, but the turbulent trading of the last few days left no doubt that the relative calm the markets enjoyed all summer had been shattered. Major U.S. indexes ended the week down about 4 percent, their worst weekly loss in six months. An index measuring the performance of small-company stocks...

  • Donald Trump Oct 11, 2018

    Stocks Plunge Again; Dow's 2-Day Loss Reaches 1,300 Points

    U.S. stocks sank more than 2 percent Thursday, the second day of steep declines around the globe driven by concerns about rising interest rates and trade tensions that could slow economic growth. The Dow Jones Industrial Average fell 545 points after dropping 831 points Wednesday. The two-day loss of 5.3 percent is the biggest for Dow since February. The S&P...

  • North Carolina Sep 17, 2018

    Florence Likely to Expose Gaps in Flood Insurance

    The number of Americans with flood insurance is on the rise, yet Hurricane Florence is likely to make it painfully clear that too many homeowners in the Carolinas and other vulnerable regions remain unprotected. An analysis of federal flood insurance records by The Associated Press found there were roughly 5.1 million active flood insurance policies in the U.S. as of...

  • North Carolina Sep 17, 2018

    Dealing With Insurance After Florence

    Homeowners are being advised to check in with their insurance agencies to jumpstart the rebuilding process after Florence – even if they haven’t returned yet.

  • Donald Trump Apr 18, 2018

    Bump Stock Maker Shutting Down Business

    The largest Texas-based manufacturer of bump stocks, which allow semi-automatic weapons to fire rapidly like automatic firearms, announced Wednesday that it will stop taking orders and shut down its website next month. The announcement comes about a month after President Donald Trump said his administration would “ban” bump stocks, which he said “turn legal weapons into illegal machines.”

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