Business

U.S. retail sales dropped unexpectedly last month, possibly due to the Hurricane Harvey impact, on the purchase of motor vehicles, which suggests a moderate consumer spending in the third quarter. The Commerce Department informed on […]

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Conservative groups and activists are stepping up their push for tax reform, arguing to key GOP lawmakers and administration officials that passage of legislation is key for the midterm elections, The Hill reports. “There is […]

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President Donald Trump on Wednesday reiterated his position on lowering the United States’ corporate tax rate to 15 percent, saying that doing so would put the country on par with China, The Hill reports. “China […]

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The deal President Donald Trump signed into law to extend the debt limit will likely push the next debt ceiling deadline into March, according to a preliminary study by the Bipartisan Policy Center, according to […]

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The Senate on Thursday approved a short-term bill to fund the government and raise the debt ceiling despite disappointment among Republicans about the deal that President Donald Trump made with Democrats, The Hill reports. Senators […]

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News that Amazon was buying Whole Foods has sent shockwaves throughout the retail food market. The stock prices of top grocery stores all declined, and thousands of Whole Foods workers began to worry whether Amazon’s […]

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The White House denied rumors Thursday that the National Economic Council Director Gary Cohn had resigned over President Trump’s blame of “both sides” for the incidents in Charlottesville, between white supremacists and counter-protesters, the Hill […]

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Leaders of the business world staged a revolt against the President Trump on Wednesday, forcing the White House to disband two economic councils that were hemorrhaging members, the Hill reports. Shortly after news emerged early […]

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The Trump administration set a tough tone Wednesday at the start of the renegotiation of the North American Free Trade Agreement, driving a wedge into its relationship with Canada and Mexico, Politico reports. U.S. Trade […]

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Box office movies took a beating this summer, with only $3.44 billion made for the period of the first weekend in May through last Sunday, Deadline reports. It is the worst summer in 25 years, […]

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The S&P 500 index noted its biggest one-day fall in almost three months on Thursday with technology stocks leading the charge, in response to an increasingly aggressive exchange of threats between the United States and […]

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Google CEO Sundar Pichai decided to cancel a planned town hall meeting about gender and diversity because some of the company’s employees were concerned for their safety, Newsmax reports. Recode reported Pichai sent out an […]

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The former CEO and the former owner of an upper-crust restaurant in New York responded to President Donald Trump’s comments and claims about the renovation of the restaurant, The Hill reports. The president was said […]

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The mayor of New York City wants to tax the wealthiest 1 percent to fund repairs and improvements to the beleaguered subway system, Bloomberg reports. The proposal comes as Mayor Bill de Blasio and Governor […]

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Wells Fargo announced Friday that it would pay the U.S. government $108 million after settling a lawsuit that claimed it had charged veterans hidden fees to refinance their mortgages, The Hill reports. The claims, made […]

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Jeff Bezos briefly overtook Microsoft CEO Bill Gates to become the richest person in the world Thursday morning with a net worth of $90.6 billion after Amazon stock rose 1.6 percent and added $1.4 billion […]

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Exxon Mobil Corp sued the U.S. government on Thursday, blasting as “unlawful” and “capricious” a $2 million fine levied against it for a three-year-old oil joint venture with Russia’s Rosneft. The Treasury Department on Thursday […]

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