Business
Trump Says the US Has Taken Control of 65 Billion Barrels of Venezuelan Oil
The structure is a 100-year concession, not a purchase, and the fields need years of investment before they produce
Staff Report ·
Business
Business
Fed Chair Warsh Says Inflation Is Still Too High in First Jackson Hole Speech
The new chairman stopped short of promising a rate increase but told markets the central bank has work left to do
Staff Report ·
Business
US Imposes 50% Tariffs on Canadian Goods as Trade Talks Collapse
Carney calls the levies a miscalculation and says Canada will match them dollar for dollar starting Sept. 8
Staff Report ·
Business
Boeing Engineers Reject Contract, Clearing Way for October Strike
The union's own negotiators recommended the deal. Members voted it down by wide margins and authorized a walkout.
Staff Report ·
Business
Oil Heads for Second Weekly Gain as U.S. Presses Iran
Brent trades near $94 a barrel with the Strait of Hormuz still disrupted and no diplomatic breakthrough in sight
Staff Report ·
Business
Canada and U.S. Race to Reach a Deal Before 50% Tariffs Take Effect Wednesday
Negotiators aim to put a joint proposal in front of Trump as early as Monday. The levies would hit goods that normally qualify for exemption under the North American trade pact.
Staff Report ·
Business
Retail Sales Fell 0.6% in July, the Biggest Drop in More Than a Year
Auto dealers and online retailers led the decline in a month when economists had expected a modest gain
Staff Report ·
Business
Consumer Sentiment Slides to 51 in August, Snapping Two-Month Recovery
Stocks pulled back from record highs Friday after the University of Michigan index fell well short of forecasts
Staff Report ·
Business
US inflation cools to 3.4% in July as stocks edge higher
Headline and core consumer prices both matched forecasts, easing pressure on the Federal Reserve ahead of its September meeting
Staff Report ·
Business
Stocks Hold Near Records as Middle East Talks Weigh on Energy
The S&P 500 is coming off its best week since April, with earnings season more than 85% complete and retailers reporting over the next two weeks
Staff Report ·
Business
Boeing Exits the Air Taxi Business, Selling Three Units to Archer Aviation
The aerospace company takes a stake of nearly 20% in Archer instead of cash, and Archer shares rose more than 18% on the announcement
Staff Report ·
Business
Air Traffic Control Outage Grounds Flights Across Nine Midwest States
The Minneapolis center lost radar and radio for about two hours, leaving jets in flight without contact and stranding travelers at airports from Michigan to Kansas