Marcy Gordon, Ap Business Writer Updated 9:33 pm PDT, Sunday, July 29, 2018 Photo: Evan Vucci, AP Image 1of/1 CaptionClose Image 1 of 1 Treasury Secretary Steve Mnuchin, left, and Director of the Office of Management and Budget Mick Mulvaney listen as President Donald Trump delivers remarks about the economy on the South Lawn of the White House, Friday, July 27, 2018, in Washington. less Treasury Secretary Steve Mnuchin, left, and Director of the Office of Management and Budget Mick Mulvaney listen as President Donald Trump delivers remarks about the economy on the South Lawn of the White ... more Photo: Evan Vucci, AP Trump officials predict sustained growth in the economy 1 / 1 Back to Gallery WASHINGTON (AP) — President Donald Trump's top economic policymakers insisted that the robust growth marked … [Read more...] about Trump officials predict sustained growth in the economy
How can foreigners invest in us stock market
Banks weaken, but small-company stocks hold up well
Marley Jay, Ap Markets Writer Updated 2:24 pm PDT, Thursday, July 19, 2018 Photo: Mark Lennihan, AP Image 1of/1 CaptionClose Image 1 of 1 FILE- In this May 10, 2018, file photo, stock screens are shown at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, July 19. FILE- In this May 10, 2018, file photo, stock screens are shown at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, July 19. Photo: Mark Lennihan, AP Banks weaken, but small-company stocks hold up well 1 / 1 Back to Gallery NEW YORK (AP) — Trade issues again weighed on the market Thursday as representatives of the auto industry told Congress they opposed tariffs on imported cars and car parts being proposed by the Trump administration. Banks and other large U.S. stocks … [Read more...] about Banks weaken, but small-company stocks hold up well
How Detroit went broke: The answers may surprise you — and don’t blame Coleman Young
Nathan Bomey and John Gallagher Detroit Free Press Published 5:43 p.m. UTC May 24, 2018 Originally published Sept. 15, 2013 Detroit is broke, but it didn’t have to be. An in-depth Free Press analysis of the city’s financial history back to the 1950s shows that its elected officials and others charged with managing its finances repeatedly failed — or refused — to make the tough economic and political decisions that might have saved the city from financial ruin. Instead, amid a huge exodus of residents, plummeting tax revenues and skyrocketing home abandonment, Detroit’s leaders engaged in a billion-dollar borrowing binge, created new taxes and failed to cut expenses when they needed to. Simultaneously, they gifted workers and retirees with generous bonuses. And under pressure from unions and, sometimes, arbitrators, they failed to cut health care benefits — saddling the city with staggering costs that today threaten the safety and quality of … [Read more...] about How Detroit went broke: The answers may surprise you — and don’t blame Coleman Young
Why US-China trade talks left toughest issues unresolved
Paul Wiseman, Ap Economics Writer Updated 1:12 pm, Monday, May 21, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Evan Vucci, AP Image 1of/5 CaptionClose Image 1 of 5 Treasury Secretary Steve Mnuchin talks with reporters about trade with China outside of the White House, Monday, May 21, 2018, in Washington. Treasury Secretary Steve Mnuchin talks with reporters about trade with China outside of the White House, Monday, May 21, 2018, in Washington. Photo: Evan Vucci, AP Image 2 of 5 Treasury Secretary Steve Mnuchin talks with reporters about trade with China outside of the White House, Monday, May 21, 2018, in Washington. … [Read more...] about Why US-China trade talks left toughest issues unresolved
Stocks rally as trade tensions keep investors guessing
Marley Jay, Ap Markets Writer Updated 8:47 am, Monday, April 9, 2018 Photo: Richard Drew, AP Image 1of/1 CaptionClose Image 1 of 1 This April 5, 2018, photo shows a building's address on Wall Street, in New York. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 9. This April 5, 2018, photo shows a building's address on Wall Street, in New York. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 9. Photo: Richard Drew, AP Stocks rally as trade tensions keep investors guessing 1 / 1 Back to Gallery NEW YORK (AP) — U.S. stocks are climbing Monday as the market recovers, at least for now, from the trade tensions between the U.S. and China that sent stocks lower last week. Technology companies like Apple and Microsoft are bouncing back from their recent losses and banks are rising … [Read more...] about Stocks rally as trade tensions keep investors guessing