https://www.washingtonpost.com/resizer/7YNGAQUFu150sbiPIfKY37qv0lg=/480x0/arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/OXF6TMENBQI6RHKZ3TGCYDFLZ4.jpg

Economy

Marchionne was recovering", the the official statement read. Sergio Marchionne , who was replaced this week as CEO of the automaker, is in intensive care at a hospital in Switzerland, as reported by the Italian newspaper La Stampa and relayed by Crain's Automotive News .
  • USA softens stand on Iran oil; relaxation for India

    USA softens stand on Iran oil; relaxation for India

    Economy

    In a Tuesday statement, Saudi Arabia asserted its willingness to use spare production capacity to increase market supply. The White House later backtracked on the president's tweet , while Saudi Arabia did not confirm Trump's comments.
  • Election of new Mexican president adds uncertainty to future of NAFTA talks

    Election of new Mexican president adds uncertainty to future of NAFTA talks

    Economy

    The president's tweet came as the US faces escalating trade disputes across the world, including with key USA allies, over the Trump administration's tariffs . The two discussed "mutually beneficial economic and trading relationship between the two countries, and their shared priority of updating the North American Free Trade Agreement for the betterment of their peoples", Trudeau's office said in a statement.
  • Walmart removes 'Impeach Trump' apparel after boycott threats

    Walmart removes 'Impeach Trump' apparel after boycott threats

    Economy

    The online site is selling t-shirts with " IMPEACH 45 " emblazoned across the front in big capital letters - a call to bring down the 45th US president, Donald Trump . It was sold on its marketplace, which features products by many brands, and includes political t-shirts representing many different points of view.
  • Saudi king agrees to ramp up oil production, Trump says

    Saudi king agrees to ramp up oil production, Trump says

    Economy

    Japan imported an 18-year high of 10.3 million barrels of US crude in 2017, but imports slowed sharply in the first five months of this year as USA spot crude prices were stronger than Middle East benchmark Dubai. Friday's falls came as Asian stock markets were near nine-month lows, despite a small rebound.MIAPJ0000PUS, amid an escalation of trade disputes between the United States on one side and economies including China, India and the European Union on the other.
  • GM says US import tariffs could mean 'smaller' company, fewer jobs

    GM says US import tariffs could mean 'smaller' company, fewer jobs

    Economy

    President Trump has ordered that department to investigate imported cars and auto parts as a national security threat , which could lead to new tariffs. And as the president continues to ratchet up the rhetoric on imposing tariffs to "make America great again", and protect our "national security", the noose is tightening around the necks of large and small companies across the country and the globe.
  • End of an era: Toys 'R' Us stores close for good

    End of an era: Toys 'R' Us stores close for good

    Economy

    Sad that no one goes to brick-and-mortar stores anymore", Jason Sharp said. In the less than two days since Johnpiere posted the image on Facebook, it has been shared almost 300,000 times. The chain is closing its doors after filing for bankruptcy last September. Jacob Rabon IV tweeted two of the photos with the caption: 'I can't believe childhood is cancelled'.
  • Iranians chant 'Death to Palestine' at economic protests in Tehran

    Iranians chant 'Death to Palestine' at economic protests in Tehran

    Economy

    A group of protesters chant slogans at the old grand bazaar in Tehran, Iran , June 25, 2018. The protest came after demonstrators in the Iranian capital swarmed its historic Grand Bazaar earlier in the day and forced shopkeepers to close their stalls in apparent anger over the Islamic Republic's troubled economy.
  • Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

    Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

    Economy

    It was unclear what the president was referring to or how he could impose taxes on a single company. Now the European Union has chose to target Harley for increased tariffs in response to Trump's trade war. As U.S. customers age and loyalty to the brand wanes, Harley-Davidson has been aiming to make up for falling U.S. demand by boosting overseas sales to 50 percent of annual volume from about 43 percent.
  • Republicans aim to debate immigration bill next week, ignoring Trump plea

    Republicans aim to debate immigration bill next week, ignoring Trump plea

    Economy

    Calling for a "strong" border, he says: "We can not allow our Country to be overrun by illegal immigrants as the Democrats tell their phony stories of sadness and grief, hoping it will help them in the elections". "What has happened on the US-Mexico border is a moment of reckoning as it points to a systemic toxicity in public discourse and action". "We haven't tapped out on the number of adults that have been separated".
  • Harley-Davidson To Move More Production Oversees Amid US-EU Trade Tensions

    Harley-Davidson To Move More Production Oversees Amid US-EU Trade Tensions

    Economy

    The EU's tariffs primarily affect products made in Republican-majority states and could threaten Trump's party in the November midterm elections, reports the Independent . The president's comments follow the company's announcement that new duties mean each motorcycle heading into Europe will cost an increased cost of $2,200.
  • Governor, Finance chair don't support internet sales tax

    Governor, Finance chair don't support internet sales tax

    Economy

    The Supreme Court's 5-4 decision overruled a 1992 ruling that found the Constitution didn't allow states to require businesses to collect sales taxes unless they have a substantial connection to the state. The South Dakota law challenged in the case provided that a business having $100,000 in annual gross sales in South Dakota, or conducting 200 business transactions in South Dakota, needed to collect South Dakota's sales tax on those sales or transactions.
  • Canada Has Just Passed a Landmark Bill Legalizing Recreational Marijuana

    Canada Has Just Passed a Landmark Bill Legalizing Recreational Marijuana

    Economy

    In the USA, nine states have legalized recreational marijuana . Each province is implementing different aspects of the bill in the next 8 to 12 weeks - while the federal government has jurisdiction over parts like illegal sales to minors and assigning licenses to growers, it's up to the provinces to manage retail sales and distribution laws.
  • OPEC discussing oil production increase to ease energy costs

    Economy

    Friday's big OPEC meeting in Vienna will have a big influence on how much consumers pay at the pump over the next several months; it appears likely prices will moderate. The correction in prices have been a continuing trend since May 23, when prices breached the $80 mark after the announcement of new U.S. sanctions on Iran and ongoing supply disruptions in Libya and Venezuela.
  • Bourbon and Levi's prices to rise as European Union enforces tariffs on US

    Bourbon and Levi's prices to rise as European Union enforces tariffs on US

    Economy

    That comes after the US put a 25 percent tariff on $34 billion of Chinese goods, to which Beijing responded by imposing an identical charge on the same amount of American goods. "The rules of global trade that we have developed over the years with our American partners can not be violated without a reaction from our side", Malmstrom said.
  • Supreme Court closes online sales tax loophole

    Supreme Court closes online sales tax loophole

    Economy

    Newly-public sales tax automation company Avalara saw its shares spike 30 percent immediately following the ruling . That's unfair, she said, to the business owners and community. Sen. In recent years, brick-and-mortar retailers, including bike retailers , had supported federal legislation that would create a nationwide system to collect state taxes.
  • Trump targets another $200 billion in China imports with tariffs

    Trump targets another $200 billion in China imports with tariffs

    Economy

    Beijing reciprocated with a similar sized tariffs package against American made goods. But most economists, business leaders and trade experts on both sides of the aisle have cried foul, arguing that trade wars are a risky game that court hurt the economy at home and around the world.
  • Trump threatens extra tariffs on US$200b of Chinese goods

    Trump threatens extra tariffs on US$200b of Chinese goods

    Economy

    If China increases its tariffs yet again, we will meet that action by pursuing additional tariffs on another $200 billion of goods. "His strategy, now clearer than ever before, appears to hinge on the idea that the US has the upper hand by virtue of its larger import value, and continued threats to target those imports give the USA significantly more leverage than China".
  • Domino’s Will Now Fix Your Potholes With ‘Paving For Pizza’ Program

    Domino’s Will Now Fix Your Potholes With ‘Paving For Pizza’ Program

    Economy

    Domino's has launched a marketing campaign that makes the P to B thing look lame: The pizza maker is offering to fill potholes in your town "to save your good pizza from bad roads". "We don't want to lose any great-tasting pizza in a pothole, running a wonderful meal". "Potholes, cracks and bumps in the road can cause irreversible damage to your pizza during the drive home from Domino's", they write on the website PavingForPizza.com, which encourages cities to bid to have their road ...
  • Judge approves AT&T's $85.4 billion acquisition of Time Warner

    Judge approves AT&T's $85.4 billion acquisition of Time Warner

    Economy

    The company could offer to sell off assets that the government says could contribute to anti-competitive practices. The Trump Justice Department had sued to block the $85 billion merger, arguing that it would hurt competition in cable and satellite TV and jack up costs to consumers for streaming TV and movies.
  • Goodbye Mission E, Hello Porsche Taycan

    Goodbye Mission E, Hello Porsche Taycan

    Economy

    Porsche says that " Taycan " means the equivalent of "spirited young horse", which is a reference to what lies at the heart of the Porsche crest. So now you know. (PCNA) is the exclusive USA importer of the Porsche 911; 718 Boxster and 718 Cayman; Panamera; and Cayenne and Macan . Tesla now has stores where its cars and solar products are sold, and soon will add fix centers, but they do not present themselves as traditional dealerships.