Tag Archives: economy

Venezuela's Maduro offers few fresh ideas as economy circles drain

Venezuela's Maduro offers few fresh ideas as economy circles drainAfter promising ambitious economic measures ahead of Monday’s speech, Maduro’s proposals included a 300 percent minimum wage hike, dialogue with business leaders, and increased use of an inexistent state-backed cryptocurrency. There is nothing there that allows one to think that Venezuela will exit the deep crisis it’s experiencing,” said Asdrubal Oliveros, director of Caracas-based consultancy Ecoanalitica, on Twitter. The socialist government, they say, funds wage hikes by increasing the country’s monetary supply, causing inflation to accelerate and negating any benefit an increase in the minimum wage could bring for Venezuelans.



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Trump downplays Apple woes, says China economy helps U.S. in trade talks

Trump downplays Apple woes, says China economy helps U.S. in trade talksTrump has slapped import tariffs on hundreds of billions of dollars of Chinese goods as he seeks concessions from Beijing on issues ranging from industrial subsidies to hacking. China has retaliated. U.S. officials are heading to Beijing next week for the first face-to-face talks since Trump and President Xi Jinping in December agreed to a 90-day truce in the trade war as they sought to strike a deal.



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Robert Mueller, House Democrats and slowing economy will end Trump's 'great time' in 2019

Robert Mueller, House Democrats and slowing economy will end Trump's 'great time' in 2019A slowing economy. Robert Mueller. New York investigators. House Democrats. Prediction: A year from now, Donald Trump won't be having a 'great time.'



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Tokyo stocks dive more than 5% on fears over US economy

Tokyo stocks dive more than 5% on fears over US economyTokyo’s benchmark Nikkei 225 index plunged more than five percent in morning trade Tuesday amid rising doubts about the US economy and fears sparked by a US government funding crisis. At the midday break, the Nikkei index was down 5.05 percent or 1,018.74 points at 19,147.45, after dipping to as low as 19,138.88 — the lowest level since April 2017. The dollar fetched 110.13 yen in midday Tokyo time, down from 110.43 yen in New York on Monday and 111.38 yen in Asian trade on Friday.



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Hawaiian Airlines to add no-frills basic economy tickets in 2019

Hawaiian Airlines to add no-frills basic economy tickets in 2019The airline said the no frills fares will debut in the second half of 2019. JetBlue has already announced plans for a basic economy fare in 2019.



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China's yuan hits decade low on trade, economy fears

China's yuan hits decade low on trade, economy fearsThe Chinese yuan weakened to a decade low on Tuesday on concerns over China’s slowing economy and the US trade war, but Beijing was expected to prevent it breaking the psychologically important 7 yuan per dollar barrier. Breaking 7 could further undermine market confidence and potentially trigger fresh US accusations that China was allowing the yuan to weaken to blunt the impact of tariffs that Washington has imposed on Chinese goods. A weaker yuan makes Chinese exports less expensive overseas, ameliorating some of the higher costs brought by the tariffs.



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'We Can't Go Back': Trump Claims Democrats Will Hurt Economy In Closing Television Ad

'We Can't Go Back': Trump Claims Democrats Will Hurt Economy In Closing Television AdPresident Trump's campaign warned that his economic gains will be undone if voters hand the reins over to Democrats.



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Ten years ago, Washington put politics aside to save the economy. Could that happen today?

Ten years ago, Washington put politics aside to save the economy. Could that happen today?How the financial crisis of 2008 and 2009 put leadership to the test.



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Franklin Delano Roosevelt: Calling a ‘bank holiday’ for a collapsing economy

Franklin Delano Roosevelt: Calling a ‘bank holiday’ for a collapsing economyPulitzer Prize-winning historian Doris Kearns Goodwin, author of "Leadership in Turbulent Times" spoke to Yahoo News about FDR’s defining moment of presidential leadership: the “bank holiday” he declared almost immediately upon taking office in 1933, in the hope that doing so would stem the run on the banks and help stabilize the financial system.



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As Trump Boasts About Economy, New Data Show Poverty Rate Virtually Unchanged

As Trump Boasts About Economy, New Data Show Poverty Rate Virtually UnchangedNew data from the U.S. Census Bureau show that, despite overall increases in



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