President Donald Trump is so far unwilling to back down from a trade war with China, but that may change as pressure mounts from the influential political and donor network backed by the conservative billionaire Koch brothers. Executives at Americans for Prosperity, just one part of the ever-growing Koch influence […]
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You’re already paying tariffs on clothing and shoes, and have been for almost 90 years
Retail experts think consumers should be scared of tariffs. “One hundred billion in further tariffs is beyond frightening,” says American Apparel & Footwear Association CEO Rick Helfenbein as the Trump administration is proposing an additional $100 billion in tariffs on products imported from China, beyond the $50 billion detailed earlier […]
Heads spin as traders try to focus on earnings but trade war talk muddles message
The markets were modestly weak all morning on Friday, but took another leg down midday. Federal Reserve Chair Jay Powell gave a speech in Chicago, but there was little new information or commentary. It was Treasury Secretary Steven Mnuchin‘s interview on CNBC that got traders talking. Traders are eager to […]
Powell: ‘Tariffs can push up prices’ but ‘too early to say’ what impact will be
Federal Reserve Chair Jerome Powell opted against wading too far into the tariff battle during a speech Friday, though he acknowledged that it’s a concern for business. “It’s too early to say” what effect a potential trade war between the U.S. and China would have on the economic outlook, the […]
Former NBA star Lamar Odom, who is starting a marijuana business, says pot helped his cocaine addiction
Former NBA champion Lamar Odom is promoting a new venture. The 38-year-old is starting a business for marijuana-based products, a growing market in states where pot is legal. Odom, who last summer opened up about his cocaine addiction that nearly cost him his life, said in a press release Thursday […]
These two big oil names are about to break out: Trader
The energy sector is on track for its second positive week in a row, and some traders are betting on even more gains for two names in the space. As the broader market has sold off in recent weeks, energy has managed to stay afloat. The energy sector is just […]
American Airlines pilots are on a mission to avoid another man-dragged-from-plane scene
On the eve of the first anniversary of United Airlines’ man-dragged-from-plane incident, more than 15,500 American Airlines pilots who belong to the Allied Pilots Association (APA) said today they are on a mission to humanize air travel — one they collectively hope AA management and passengers will join them in […]
10 states where student loan debt is a big problem
Student loan debt in America has been called a crisis. The loans many students take out to cover their education can impair them from owning houses and saving for retirement later in life. And many others can’t even make their monthly payments. Some 40 percent of borrowers are expected to […]
Strategist: Underwhelming jobs report shows ‘we are out of easily employable workers’
Underwhelming payroll growth in March shows the job market is running out of great workers available for hire, veteran strategist David Kelly told CNBC on Friday. Nonfarm payrolls rose 103,000 in March, a big slip from the prior month. “There is a message here: We are out of easily employable […]
Trump touts falling aluminum prices as reason to not fear tariffs
President Donald Trump said falling aluminum prices are evidence that his tariffs aren’t impacting the U.S. economy. But in reality the price of the metal declined because he exempted Canada and Mexico from the tariffs. Tweet Link “Despite the Aluminum Tariffs, Aluminum prices are DOWN 4%. People are surprised, I’m […]