The Republican-backed tax and spending bill that’s now moving forward in the House is getting a reality check from Wall Street. That’s because the proposed tax breaks are projected to far outstrip any savings in the bill, potentially leading to mounting U.S. debt and a worsening fiscal outlook, according to economists and policy experts. If […]
State unemployment ticks up
The statewide unemployment rate climbed again in April to 4.6%, slightly widening the gap with the national joblessness rate, labor officials said. Citing federal data, the Executive Office of Labor and Workforce Development announced that unemployment in Massachusetts rose two-tenths of a percentage point from March to April. The national unemployment rate remained level at […]
4/13: Face the Nation
4/13: Face the Nation – CBS News Watch CBS News This week on “Face the Nation with Margaret Brennan,” U.S. trade representative Jamieson Greer and Minneapolis Fed president Neel Kashkari discuss the latest with the U.S. economy. Plus, the FDA’s former top regulator, Dr. Peter Marks, joins. Be the first to know Get browser notifications […]
Moody’s Pushes U.S. Out Of Elite ‘AAA’ Credit Club, Citing Rising Debt
(Reuters) – Moody’s on Friday cut the U.S. credit rating by one notch, citing rising debt and interest payments that outpace those of similarly rated sovereigns, in a move that marks the end of an era as Moody’s was the last major agency to maintain a triple-A rating for U.S. sovereign debt. The downgrade to […]
The Case for Positive-Sum Capitalism
A new dawn for economic design: reimagining capitalism through the lens of justice and inclusion. Unsplash+ In Isaac Asimov’s groundbreaking collection of short stories titled I, Robot, we encounter a profound ethical framework: the Three Laws of Robotics. These laws ensure robots protect human beings and obey orders while preserving themselves. They represent a brilliant […]
Nissan lays off 15% of its global work force amid slipping sales worldwide
Nissan is slashing about 15% of its global work force, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended amid slipping vehicle sales in China and other nations, and towering restructuring costs. Nissan said it will reduce the number of its auto plants to 10 […]
U.S. and China have agreed to temporarily reduce tariffs for 90 days. Here are the details.
U.S. and China have agreed to temporarily reduce tariffs for 90 days. Here are the details. – CBS News Watch CBS News The United States and China announced a step toward ending their trade war. Both countries have agreed to sharply reduce tariffs for 90 days. Last month, the U.S. imposed a 145% tariff on […]
Travel Executives Notice Foreign Tourists Are Skipping the U.S. This Summer
Ariane Gorin, CEO of Expedia, said the demand for U.S. travel has softened. Bryan Steffy/Getty Images for Expedia Group As summer approaches, global travel is ramping up, with tourists flocking to countries like France, Japan, Mexico and Brazil. But noticeably absent from many travelers’ itineraries is the U.S. Travel companies executives are raising concerns that volatile […]
How easing U.S.-China tariffs could financially impact Americans
How easing U.S.-China tariffs could financially impact Americans – CBS News Watch CBS News CBS News MoneyWatch correspondent Kelly O’Grady breaks down what to know about the potential financial impact to American consumers after the U.S. and China agreed to temporarily ease tariffs. Be the first to know Get browser notifications for breaking news, live […]
US and China take a step back from sky-high tariffs, agree to pause for 90 days
By JAMEY KEATEN, DAVID McHUGH, ELAINE KURTENBACH and KEN MORITSUGU, Associated Press GENEVA (AP) — U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes. Stock markets rose sharply […]