News

‘Shameful’: Progressives are angry Biden is considering a Cabinet post for Rahm Emanuel despite his handling of the police shooting of an unarmed Black teenager

Former Chicago Mayor Rahm Emanuel is under consideration to serve in President-elect Joe Biden’s administration as the Secretary of Transportation, according to a CNN report. Emanuel’s handling of the Laquan McDonald shooting has upset a contingent of progressive Democratic lawmakers and threatens to halt any traction for the former Washington […]
‘Shameful’: Progressives are angry Biden is considering a Cabinet post for Rahm Emanuel despite his handling of the police shooting of an unarmed Black teenager
Markets

US goods-trade deficit widens to record $82.9 billion in August as imports surge

The US goods-trade deficit widened to a record in August as companies rushed to meet stronger consumer spending with increased importing. The trade gap jumped to $US82.9 billion from $US80.1 billion, the Commerce Department reportedThursday. Economists surveyed by Bloomberg expected a reading of $US81.8 billion. Imports climbed 3.1% to $US201.3 […]
US goods-trade deficit widens to record $82.9 billion in August as imports surge
Markets

US trade deficit in July hits widest point in 12 years

Summary List Placement The US trade deficit in July swelled to its greatest gap since the 2008 financial crisis, the Commerce department reported Thursday. The US trade deficit, or gap between imports and exports, widened nearly 19% to $US63.6 billion in July from $US53.5 billion in June, according to the […]
US trade deficit in July hits widest point in 12 years
Markets

Dow slips 230 points as spiking virus cases revive economic-recovery worries

US equities slid on Wednesday as rising coronavirus case counts around the world fuelled fresh fears of a slow economic recovery. COVID-19 case increases across California, Texas, and Florida continue to rise and drive concern around economic reopenings. Investors also braced for a new tariff announcement after a late-Tuesday notice […]
Dow slips 230 points as spiking virus cases revive economic-recovery worries