Latest News

Americans‘ Wealth Surpasses $100 Trillion for First Time

U.S. household wealth topped the $100 trillion mark for the first time ever in the first quarter of 2018, the Federal Reserve said on Thursday. Rising house prices, a market suffering a long-term shortage, pushed up the net worth of households even as stock markets were roiled by volatility. The and nonprofits rose to $100.8 trillion in the first three […]

Bernanke: US Economy Faces ‘Wile E. Coyote‘ Moment in 2020

U.S. economic growth could face a challenging slowdown as the Trump Administration’s powerful fiscal stimulus fades after two years, according to former Federal Reserve Chairman Ben Bernanke. Bernanke said the $1.5 trillion in personal and corporate tax cuts and a $300 billion increase in federal spending signed by President Donald Trump “makes the Fed’s job more difficult all around” because […]

Trump ‘Looking Forward‘ to Resolving Trade Disputes at G-7

President Donald Trump said Friday he wants to use the G-7 summit to resolve what he called unfair trade deals with US allies. Looking forward to straightening out unfair Trade Deals with the G-7 countries. If it doesn’t happen, we come out even better! — Donald J. Trump () America's closest allies are bracing for a showdown with Trump at […]

As Trade Fears Grow, US States Forge Own Deals With Foreign Companies

President Donald Trump's trade relations with Tokyo are testy, but Idaho gave Takashi Suzuki a warm welcome. Suzuki, president of Sakae Casting Co., which manufactures aluminum parts used for cooling batteries and semiconductors, first went to Silicon Valley looking for opportunities. But that was where everyone went, making for tough competition. In Idaho, he was welcomed by politicians, officials and […]

China‘s Trade Surplus With US Widens 12 Percent to $24.6 Billion

China’s political sensitive trade surplus with the United States widened in May from a year earlier, while its total global surplus shrank as imports accelerated. Imports rose 26 percent from a year ago to $187.9 billion, up from April’s 21.5 percent growth, customs data showed Friday. Exports rose 12.6 percent to $212.9 billion, little changed from the previous month’s 12.9 […]

Marijuana Is the New Beer as Pot Growers Look to Drinkable Weed

Forget the ol’ puff, puff, pass. Marijuana producers are betting an increasing number of people would rather pour a drink infused with pot. The Green Organic Dutchman Holdings Ltd. plans to develop a product-testing and manufacturing center to explore using cannabis in everything from iced teas, juices and sports drinks, the company said Wednesday in a statement. That’s just the […]

Two Economists Say Trump, not Obama, Responsible for Economy

Economists Stephen Moore and Arthur Laffer wrote in  on Friday that President Donald Trump deserves credit for the economy’s improvement, not former President Barack Obama. Moore, a senior fellow at the Heritage Foundation, and Laffer, the chairman of Laffer Associates, write that “Mr. Obama might be justified in taking credit for today’s economy if his successor had adopted and carried […]