40 years ago, Bob Greene began a 9,000-mile tour of California. He wrote a book titled "The New California: Facing the 21st Century". The book's overall theme was that massive changes in the state’s economy, shifting from manufacturing to services and technology, cultural and ethnic changes, and rapid population growth are reshaping the state's future. In Forbes magazine, Michael Bernick …
Sara Eisen is a CNBC anchor and host of “Squawk on the Street’ and “Money Movers” She says the U.S. is experiencing an investment boom. Trump administration policies encourage foreign and domestic companies to build plants and manufacture products in the United States to avoid tariffs.
Maryland soybean farmers who used to sell a lot of their crops to China have no orders this year because of trade tensions between the U.S. and China. China slapped a 34% tariff on soybean imports in an ongoing dispute with the Trump administration over tariffs and rare earth minerals. The price of a bushel of soybeans has dropped 30% …
President Trump's new tariffs on imported lumber and furniture are going into effect today. Goldman Sachs report finds that U.S. consumers are bearing more than half the cost from the tariffs so far. Ernie Tedeschi and Erielle Reshef discuss the impact on Americans.
Elizabeth MacBride is a journalist and author of a new book, Capital Evolution. She believes business has overtaken government in power and influence. MacBride believes the current system is a corrupted mutation of neo-liberalism where government has been co-opted and turned into a tool for punishing people.
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The Federal Reserve Chair Jerome Powell said a sharp slowdown in hiring poses a growing risk to the U.S. economy. Lower rates from the Fed could reduce borrowing costs for mortgages, car loans, and business loans. Powell also said the central bank may soon stop shrinking its roughly $6.6 trillion balance sheet.
Stocks mostly rose and the dollar retreated Wednesday on hopes for further US interest rate cuts and a solid set of company earnings. Gold surged to a new high above $4,200 an ounce, boosted by a fresh flare-up in China-US tensions. Paris surged more than two percent after LVMH beat earnings expectations. Frankfurt and London finished the day in the …
China buys millions of tons of soybeans a year mainly for cooking oil and livestock feed. The demand has taken a toll on the forests and grasslands of Brazil, China's biggest supplier. China has all but stopped buying American soybeans, giving Brazilian farmers greater incentives to expand into new areas to grow soy.