With the end of the U.S. involvement in the Iran nuclear deal comes the return of U.S. sanctions. Those sanctions can affect companies in other parts of the world, because the U.S. can punish foreign companies that do deals with Iran if those companies also conduct business in the U.S. This, to put it mildly, […]
What do BMW, Cadillac, Ford, Lincoln, Mercedes, Porsche and Volvo have in common? They're all offering car subscriptions that let drivers rent vehicles by the month for a flat fee that includes maintenance and insurance.
The unemployment rate fell to 3.9 percent in April, the lowest it has been since the early 2000s — near the end of both President Bill Clinton’s second term and the dot-com boom. But wages back then were rising at a faster pace, while they’ve been pretty flat in today’s job market. Why? What are […]
A high-powered U.S. trade delegation is heading back from Beijing after two days of trade talks with senior Chinese officials. U.S. Treasury Secretary Steve Mnuchin told reporters the two teams had “good conversations.” The American team brought a list of demands to the talks, including cutting $200 billion from China’s trade surplus with the U.S. […]
Yesterday marked the one-year anniversary of the Republican-controlled House voting to repeal the Affordable Care Act. The nonpartisan Congressional Budget Office has said the vote would increase the number of uninsured Americans by more than 20 million. Well, Obamacare is still standing, but as part of the tax overhaul, the Trump administration and congressional Republicans […]
Tesla stocks fell 8 percent when the market opened today following the company’s earnings call May 2. Elon Musk says Tesla will be a year late on its promise to deliver 5,000 Model 3 cars per week. Right now Tesla has more than 450,000 customers still waiting for their Model 3s. Click the audio player above to […]
