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U.S. puts tariffs against China 'on hold,' Mnuchin says
WASHINGTON –– The Trump administration has decided not to impose tariffs on Chinese products for now, after progress between the two nations on trade issues in two days of talks, Treasury Secretary Steven Mnuchin said.
"We're putting the trade war on hold, right now," Mnuchin said on "Fox News Sunday."
President Donald Trump has threatened...Read more
Bill would require airlines, commuter rail lines, bus companies to adopt anti-harassment rules
Federal lawmakers have proposed legislation to require airlines and other transportation operations to adopt policies to crack down on harassment and abuse.
The bill by Rep. Peter DeFazio, D-Ore., calls on airlines, bus companies, railroads and commuter lines to adopt anti-harassment policies within 90 days of the bill's passage. DeFazio's ...Read more
Leslie Moonves helped make CBS a TV juggernaut, but the brawl over a Viacom merger could lead to his exit
CBS unveils its new fall prime-time schedule each spring by hewing to tradition: The presentation always occurs in mid-May, it always takes place at Carnegie Hall and CBS Chief Executive Leslie Moonves always relishes his role as the network's proud papa.
But there was something different this week as Moonves strode onto the historic stage. ...Read more
ZTE has to change management to win US reprieve, Kudlow says
WASHINGTON -- Chinese telecom company ZTE Corp. will have to change its management, including by possibly appointing new board members, to win a reprieve from U.S. sanctions that shut it off from key suppliers, the director of the White House National Economic Council said.
"We're not talking about letting them off scot-free by any stretch," ...Read more
PayPal pays up big for Sweden's iZettle
PayPal is paying up to get a bigger piece of the market for payments made at retail terminals outside the United States.
PayPal said Thursday it will pay $2.2 billion in cash to acquire Stockholm-based iZettle, in what is the biggest-ever acquisition in PayPal's history. IZettle, which PayPal calls "the leading small business commerce platform ...Read more
Under the Hood: Adjusting timing, like tune-ups, a thing of the past
Q: Last week I took my pickup in for a tune-up because it was running rough and needed to be checked out. I told the service fellow they might want to check the timing. He replied with a smirk that they "don't do that stuff anymore" and they'd "put the scanner on it to see what was wrong." It turned out it had two bad ignition coils, and it runs...Read more
The Most Radical Economic Plan in Years, and Now It's Mainstream
WASHINGTON -- Every American who wants a job has one.
That's the street-level understanding of "full employment." With a jobless rate that fell to 3.9 percent last month, many economists -- including policy makers at the Federal Reserve -- say the U.S. is basically there.
On the surface, it's an odd time to turn the government into an employer...Read more
Spouses of tech workers find help in fight against proposed work changes
WASHINGTON -- Tens of thousands of foreign nationals living legally in the United States but facing threats to their work eligibility got a boost this week when nearly 30 percent of all U.S. House members signed on to their cause.
Led by Reps. Pramila Jayapal, D-Wash., and Mia Love, R-Utah, 130 representatives signed a letter to the Department ...Read more
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China hopes to placate Trump with promise to buy billions more in U.S. goods
WASHINGTON -- Chinese officials are hoping to mollify President Trump's oft-stated displeasure with America's huge trade imbalance with China by pledging to import billions more of made-in-U.S.A. products.
Whether Beijing's promised shopping spree and other concessions, made during talks this week in Washington, will lead to a detente in what ...Read more
Oil prices surging — and that means gasoline prices are going up, too
Crude oil prices have hit their highest levels in nearly four years and that means motorists are paying more for gasoline just as the upcoming Memorial Day weekend moves the summer driving season into high gear, pushing the price at some stations in San Diego over the $4 a gallon mark.
Brent crude -- the international benchmark for oil prices -...Read more
From panic to triumph: Behind the scenes of Ford's epic F-150 restart
DEARBORN, Mich. -- What if Facebook or Nike couldn't do business for more than a week?
"The whole world would shut down," said Joe Hinrichs, president of global operations for Ford.
So, when production of the F-Series pickup line halted -- with annual revenue of $40 billion, exceeding that of Facebook, Nike and most other modern corporate rock...Read more
Here's why the Ford Mustang is the No. 1 movie car
Wanna start an argument?
The folks at U.K. insurance-shopping website gocompare.com have created a list of the movies' most iconic, popular and frequently seen cars that'll stir things up the next time conversation stalls at anything from a family dinner to a tailgate party.
Whether your crew cares about cars or movies, "Moviemotors" will give...Read more
Mark Phelan: Your next car may be safer than you think. Thanks, autonomy
Long before many people experience a car that can drive itself, they'll benefit from semi-autonomous systems that let them travel farther and safer. But they may never know it.
Stealth driver aids that provide many of autonomy's benefits are moving from luxury vehicles to mass market models today.
The Nissan Rogue compact SUV and Leaf electric...Read more
The Week Ahead: A summertime squeeze on consumers
Not since the holiday season of late 2014 has gas been as expensive as it is now. Americans will drive into the summer season by paying more at the pump, threatening to suck up any savings from lower income taxes.
Averaging close to $3 a gallon, gas prices are up 50-cents from a year ago. For drivers of large SUVs, that adds $28 dollars to the ...Read more
Auto review: Kia's all-new 2018 Stinger sport sedan offers premium features, performance
Kia vehicles have become more stylish and appealing lately, and now, with the all-new Stinger sport sedan, performance is maximized as well.
About the size of the midsize Kia Optima sedan, the new Stinger premium fastback sedan is lower, sleeker, and more powerful, with an aggressive yet graceful design setting it apart from similarly priced ...Read more
Trump's trade policy is the medicine the US needs, former GM honcho says
DETROIT -- President Donald Trump's trade policies could mean short-term pain for Detroit's automobile industry, but his actions are long overdue to restore the U.S. manufacturing base, says former GM vice chairman Bob Lutz.
"The exporting of American industry is something that has got to stop," Lutz said in an interview with the Free Press.
...Read more
Amazon has been reducing Instacart's branding at Whole Foods
AUSTIN, Texas -- Marianne Daugherty first heard about changes to Instacart's presence within Whole Foods Market soon after the grocer closed its $13.7 billion deal with Amazon last August.
Daugherty, an Instacart shopper stationed at the Whole Foods store in Southwest Austin at MoPac and William Cannon Drive, said she found out that Instacart ...Read more
SpaceX's controversial rocket fueling procedure appears 'viable,' says NASA safety advisory panel
A NASA safety advisory group weighed in Thursday on SpaceX's highly scrutinized proposal to load rocket propellants while astronauts are aboard, saying it appears to be a "viable option."
Several members of the Aerospace Safety Advisory Panel said that as long as potential hazards can be controlled, loading crew before fueling is finished could...Read more
Tougher payday loan rules issued by Consumer Protection Bureau to remain in place … for now
New, tough nationwide regulations on payday and other short-term loans, finalized by an Obama-era appointee who led the Consumer Financial Protection Bureau, will remain on the books at least temporarily.
A deadline for Congress to repeal them passed Wednesday with no action, consumer advocates said. But Mick Mulvaney, the bureau's acting ...Read more
Chances for a revamped NAFTA pact by this year are slipping away
WASHINGTON -- Despite a flurry of negotiations in recent weeks, hopes are fading fast that a revamped North American Free Trade Agreement will be completed and approved by lawmakers this year.
House Speaker Paul D. Ryan said Thursday that there are only a couple of weeks left to reach a deal in time to meet various trade-legislation ...Read more
Popular Stories
- The Most Radical Economic Plan in Years, and Now It's Mainstream
- Leslie Moonves helped make CBS a TV juggernaut, but the brawl over a Viacom merger could lead to his exit
- China hopes to placate Trump with promise to buy billions more in U.S. goods
- Trump's trade policy is the medicine the US needs, former GM honcho says
- Under the Hood: Adjusting timing, like tune-ups, a thing of the past
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