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Trump says U.S. reaches trade deal with Japan
President Donald Trump said on Monday the United States has reached an initial trade agreement with Japan.
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Business News
FAA chief to meet with Boeing officials, test 737 MAX simulator
New Federal Aviation Administration (FAA) chief Stephen Dickson plans to fly to Seattle this week to fly “newly configured” Boeing 737 MAX software in a simulator and will visit with Boeing officials, the agency said Monday.
Business News
WeWork parent expected to delay IPO: WSJ
WeWork owner The We Company is expected to postpone its initial public offering, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Business News
Electric vehicles, batteries could draw bulk of GM’s $7 billion pledge
A new family of electric vehicles, an all-electric pickup truck and an advanced battery system could draw much of the $7 billion that General Motors Co has pledged to invest in the United States as parts of contract talks with the United Auto Workers.
Business News
Oil jumps nearly 15% in record trading after attack on Saudi facilities
Oil ended nearly 15% higher on Monday, with Brent logging its biggest jump in over 30 years amid record trading volumes, after an attack on Saudi Arabian crude facilities cut the kingdom’s production in half and fanned fears of retaliation in the Middle East.
Business News
Trump says U.S. does not need Middle East oil, but cargoes keep coming
Amid a flurry of Twitter posts on Monday morning, U.S. President Donald Trump turned to the weekend attack on Saudi Arabia’s oil facilities and assured his audience the United States had become such a big producer it no longer needed oil from the Middle East https://twitter.com/realDonaldTrump/status/1173560246863876096.
Business News
Factbox: The U.S. opioid epidemic in the courts
As opioid-related deaths have soared, thousands of lawsuits have been filed seeking damages from drugmakers and distributors. The following is a summary of where and how the opioid litigation is playing out across the United States:
Business News
U.S., Chinese trade deputy talks to start on Thursday: USTR
Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday, the U.S. Trade Representative’s office said on Monday, paving the way for high-level talks in October aimed at resolving a bitter trade war.
Business News
FedEx to increase shipping rates across units in 2020
U.S. package delivery company FedEx Corp said on Monday shipping rates at its express unit, which delivers packages using planes, will increase by an average of 4.9% for domestic, export and import services starting Jan. 6 next year.
Business News
Trump says looks like Iran was behind Saudi oil attacks
U.S. President Donald Trump on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia at the weekend that raised fears of a fresh Middle East conflict, but added that he did not want war with anyone.
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What’s More Important… Wealth or Income?
When I was a kid and a teenager, I always worked.
Whether I was shoveling snow in the winter or working at an ice cream store, I didn’t really have many costs back then. A concert ticket was probably my biggest expense (I remember paying $15 to see Rush).
So I saved my cash for a rainy day. And it started raining when I was in college. The money I earned in high school and during summers kept me afloat (barely) my junior and senior years.
As a young investor, I was all about trying to build wealth. Those lessons from my youth …read more […]
Business News
Oil soars after attack on Saudi facilities, stocks dip
Oil prices soared on Monday after attacks on crude facilities in Saudi Arabia cut the kingdom’s production in half and sparked worries over the impact of an oil shock on economic growth, halting a positive run in world stock markets as investors reached for less-risky assets.
Business News
Evidence indicates Iranian arms used in Saudi attack, Riyadh says
Saudi Arabia said on Monday that the attack on its oil facilities was carried out with Iranian weapons, according to a preliminary investigation, but stopped short of directly blaming regional foe Iran.
Business News
Don’t expect oil shocks to move the Fed
The weekend bombings of Saudi Arabia’s main oil refinery have already sparked U.S. President Donald Trump to pressure the Federal Reserve anew to lower rates.
Business News
U.S.-China deputy-level trade talks to begin Thursday in DC: USTR
Deputy trade negotiators for the United States and China will meet in Washington beginning on Thursday, a spokesman for the U.S. Trade Representative’s office said on Monday.