Tag: US

  • US farmers count cost of catastrophic ‘bomb cyclone’ in midwest

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    With grain stores ruined and many fields still under water from last month’s extreme weather, producers are facing devastating losses Five weeks after historic flooding in the midwest, waters still cover pasturelands, corn and soybean fields. Much of the water has receded, but rivers still run high and washed out roads force people to take […]

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  • Freight, Trucking Industry Closely Monitor President’s Threat to Close US-Mexico Border

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    Trucking and transportation leaders are expressing concern over President Donald Trump’s threats to close the U.S.-Mexico border if Mexico does not crack down on illegal border crossings. While it remains unclear if or when the president will make good on his threat — and whether trucks would be included — experts who spoke with Transport […]

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  • Apple shares sharply lower in US trading

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    Apple shares opened Thursday down more than 9% at $143 after chief executive Tim Cook blamed a slowdown in China sales for falling revenues. On Wednesday, the iPhone maker said it expected revenue of about $84bn for the last three months of 2018, down from a forecast of at least $89bn. The news depressed other […]

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  • Trump again hits Fed on rate rises; says U.S. firms present buying opportunity

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    WASHINGTON  – President Donald Trump on Tuesday reiterated that the U.S. Federal Reserve was raising interest rates too quickly but added that U.S. companies were “the greatest in the world” and presented a “tremendous” buying opportunity for investors. “They’re raising interest rates too fast because they think the economy is so good. But I think […]

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  • Michael Cohen, former Trump attorney, gets 3 years in prison for tax fraud, campaign finance violations, lying

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    Michael Cohen, the president’s former fixer who once famously claimed he was willing to “take a bullet” for Donald Trump before later turning against his boss, was sentenced to three years in prison Wednesday by a federal judge in New York after pleading guilty to numerous crimes while cooperating with prosecutors. Before sentencing, Cohen ripped […]

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  • The American Casualties of Trump’s Trade War

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    Sam Cobb was surprised to see so many people lined up for a hearing at the International Trade Commission in Washington on the morning of Monday, Aug. 20. The chief executive of Real Wood Floors, Cobb was a veteran of such proceedings, which were usually sleepy affairs, populated by white-shoe attorneys fighting over arcane legal […]

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  • Trump upbeat on China talks; aides downplay Huawei arrest friction

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    WASHINGTON  – U.S. President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic advisers downplayed friction from the arrest of a senior executive of Chinese telecom equipment maker Huawei Technologies. “China talks are going very well,” Trump said on Twitter, without providing any details. Major […]

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  • Chipotle rethinking firing manager who refused to serve black customers over ‘dine and dash’ fears

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    The restaurant chain Chipotle announced Saturday that it had terminated one of its managers for suggesting in a viral video that five black customers were planning to order food without paying — but on Sunday, the company acknowledged to Fox News that it was considering re-hiring the manager because her suspicions may have been well-founded. In a series […]

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  • U.S. job growth surges; annual wage gain biggest since 2009

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    WASHINGTON  – U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December. The Labor Department’s closely watched monthly employment report on Friday also showed the unemployment rate steady at […]

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  • Trump plans to block migrants from claiming asylum between legal ports of entry

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    In a sharply worded speech Thursday, the president announced two new immigration policies that are expected to be met with lawsuits in federal court. WASHINGTON — President Donald Trump delivered a sharply worded speech on immigration Thursday, vowing to hold undocumented immigrants in detention until they could be deported and to block asylum seekers from claiming asylum if they are caught […]

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