Boeing Airplanes factory pictured in Everett, Washington state. Getty Images The World Trade Organization on Tuesday allowed the European Union to go ahead with tariffs on some $ 4 billion worth of U.S. goods, in retaliation for state subsidies extended to plane maker Boeing. The decision, which was expected, follows …
Read More »Market Extra: Auto debt complaints are soaring during pandemic
Cars line up at a COVID-19 test site at Dodger Stadium in Los Angeles. AFP/Getty Images Consumers struggling to keep up with their auto debts filed a record number of complaints with a key federal consumer watchdog agency in the first five months of the pandemic, according to a new …
Read More »The New York Post: Pelosi to CNN’s Wolf Blitzer: ‘You really don’t know what you’re talking about’
Speaker of the House Nancy Pelosi speaks to the press on Capitol Hill on Oct. 9. AFP/Getty Images House Speaker Nancy Pelosi sparred with CNN host Wolf Blitzer on Tuesday evening, calling him a “Republican apologist” during a heated exchange over the holdup of coronavirus stimulus. Pelosi, D-Calif., slammed Blitzer …
Read More »Best New Ideas in Money: Want to solve the retirement crisis? Two words: Baby bonds
Illustration by Kevin Whipple The year is 2100 and a worker is facing retirement. She’s been a conscientious employee, but she hasn’t been able to save much for her future because of years of family caretaking, student debt and low wages. But she’ll be able to enjoy retirement. That’s because …
Read More »Economic Report: U.K. unemployment rate reaches higher-than-expected 4.5%
Members of the public walk past the Cineworld cinema in Leicester Square on October 05, 2020 in London, England. Dan Kitwood/Getty Images The U.K. jobless rate jumped to 4.5% in the June to August period, the Office for National Statistics reported on Tuesday. The unemployment rate was higher than the …
Read More »: PC demand hits biggest growth in more than a decade thanks to the pandemic
MarketWatch illustration/iStockphoto The demands of at-home schooling and work amid the COVID-19 pandemic pushed the personal-computer market to its strongest growth in more than a decade, according to third-party analyses released Monday. Gartner Inc. and IDC reported that PC shipments enjoyed their second consecutive quarter of strong growth after years …
Read More »Futures Movers: Oil prices retreat as constrained supplies come back on line
Crude-oil futures traded lower Monday, pressured after Libya lifted force majeure at its largest oil field, producers began restoring output in the Gulf of Mexico following Hurricane Delta and the end of a strike by Norwegian oil workers. West Texas Intermediate crude for November delivery CL.1, -2.85% fell $ 1.28, …
Read More »Key Words: Stocks are going to ‘crack pretty hard,’ and here’s what one billionaire says investors should do to prepare
iStockphoto “ ‘Within 18 months, it’s going to crack pretty hard. I think that you want to be avoiding it for the time being. When the next big meltdown happens, I think the U.S. is going to be the worst performing market, actually, and that’ll have a lot to do …
Read More »: EU ‘hit list’ would reportedly impose tougher rules on big tech companies
EU flags fly in front of the European Commission headquarters in Brussels, Belgium. iStock/Getty Images European regulators are reportedly preparing a “hit list” of up to 20 big tech companies that would be subject to strict new rules. The Financial Times reported Sunday that the list of large internet companies …
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