US Steel closing Detroit steel mill, laying off 1,500 workers
US Steel is closing a mill near Detroit, laying off workers and cutting its dividend. The troubled company is trying to reverse operating losses it now forecasts for the fourth quarter.
economic policy
CNN Poll: US economy receives its best ranking in nearly 20 years
As 2019 comes to a close, the US economy earns its highest ratings in almost two decades, potentially boosting President Donald Trump in matchups against the Democrats vying to face him in next year's election, according to a new CNN poll conducted by SSRS.
The biggest risks for stocks in 2020
Optimism over a "phase one" trade deal between the United States and China is pushing stocks to record highs in the final days of the year. But Wall Street banks still believe trade is one of the biggest risks for markets in 2020.
Sweden raises interest rate back to 0%
After nearly five years of negative interest rates, the oldest central bank in the world has had enough.
House passes Trump's trade deal with Canada and Mexico
The House of Representatives on Thursday passed President Donald Trump's revised North American Free Trade Agreement, with members sending Trump's foremost legislative priority — just a day after the divided chamber took the historic vote to impeach him -- to the Senate.
Bank of England press conferences leaked to traders before broadcast
UK regulators are looking into the unauthorized use of audio feeds from Bank of England press conferences that could have given traders access to market-sensitive remarks by policymakers seconds before the rest of the world.
Farmers skeptical of Trump's $50 billion China promise
President Donald Trump says the Chinese will buy $50 billion worth of farm products as part of a phase one deal struck last week, but that would mean China would have to double the amount it bought from US farmers before the trade war started.
Trump administration proposes allowing Canada drug imports
The Trump administration took another step Wednesday toward allowing the importation of certain drugs from Canada and other countries.
Best investment of the decade turned $1 into $90,000
The decade is almost over — and one incredibly volatile investment stood out from all the rest as the best of the 2010s. Want to guess what it was?
US housing market reviving in time to boost 2020 economy
America's housing market has come back to life in the final months of the year and promises to boost the economy in 2020.
Investors react to initial US-China trade deal
A "phase one" trade deal between the United States and China, announced Friday, has cleared the path for riskier assets to rally through the end of the year.
US, Mexico say trade deal on track after last-minute objections
Top trade negotiators from both the United States and Mexico reaffirmed Monday that the US-Mexico-Canada Agreement, known as USMCA, is a done deal -- despite complaints from Mexico over the weekend about a labor provision included in the bill unveiled by Democrats.
Travel execs: Trump trade deal will bring more US tourism
Congressional passage of the United States-Mexico-Canada Agreement (USMCA) trade agreement would be welcome news to the travel and tourism industry.
Details of interim US-China trade deal remain unknown
After a year-and-half of fraught negotiations that has slowed global growth and hurt American farmers and consumers, the United States and China have reached an interim trade deal bypassing an economic calamity -- for now.
China suspends tariffs on US-made goods amid new trade truce
China on Sunday called off additional tariffs set to kick in on some US goods as the two countries pull back from a trade war that has roiled financial markets and damaged global economies.
Stocks whipsawed following news of a US-China trade deal
Stocks ended Friday mostly flat after Chinese officials said that a phase one deal had been reached with the United States that would avert an escalation of the trade war and higher tariffs set to kick in on Sunday. President Trump confirmed the news in a series of tweets.
FTC may try to delay Facebook's plan to integrate its apps
Facebook's stock took a dive on Thursday following a report that federal regulators may seek to prevent the company from more tightly integrating its social media products.
Fed may need to slash rates to zero before the end of 2020
The Federal Reserve is strongly suggesting that interest rates are unlikely to budge much before the 2020 election.
New ECB chief Christine Lagarde holds rates steady
Christine Lagarde has a message for investors and the media: She's going to do things her own way as president of the European Central Bank.
Trump signs off in principle on tentative China trade deal agreement
President Donald Trump has signed off on an initial trade agreement with China that would avoid imminent US tariffs and reduce the rates of existing duties in exchange for a Chinese promise to purchase American farm goods, US officials and others familiar with the agreement said.
iPhones, Switches and toys on table in US-China trade talks
President Donald Trump has threatened tariffs on about $160 billion of Chinese-made goods starting this weekend.
Economy could keep Dow rising in 2020
Trade jitters have taken financial markets on a wild ride this year, putting some cracks in the global economy. But stocks still kept hitting record highs.
5 key differences between NAFTA and Trump's USMCA deal
After reaching a deal on the final version of the United States-Mexico-Canada Agreement, President Donald Trump tweeted that it "will be the best and most important trade deal ever made by the USA" -- and called its predecessor, the North American Free Trade Agreement, "our C
Asian markets move higher after Fed holds interest rates steady
Asian markets mostly rose Thursday after the Federal Reserve kept interest rates steady, putting an end to the year's series of rate cuts.
First Warn Forecast
