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American economy

News

Prioritizing the military, Trump to send “America first” budget to Congress

Determined to make good on his campaign promises, US President Donald Trump will send his first “America first” budget proposal to Congress on Thursday that includes deep cuts to federal programs in o

Determined to make good on his campaign promises, US President Donald Trump will send his first “America first” budget proposal to Congress on Thursday that includes deep cuts to federal programs in o

Business

Federal Reserve raises benchmark interest rate to 1.0 percent

The US Federal Reserve raised interest rates for the second time in three months, a move spurred by steady economic growth and strong job gains.

The US Federal Reserve raised interest rates for the second time in three months, a move spurred by steady economic growth and strong job gains.

Business

US job growth and wages strong in February

US employers added 235,000 workers in February and wages picked up, giving the Federal Reserve the rational to start raising interest rates again soon

US employers added 235,000 workers in February and wages picked up, giving the Federal Reserve the rational to start raising interest rates again soon

News

What drives Trump's trade policies: protectionism or revanchism?

Emerging technologies and the global resurgence of populism and nationalism that Trump’s presidency embodies, will not make this process easy. But they also make it more important than ever

Emerging technologies and the global resurgence of populism and nationalism that Trump’s presidency embodies, will not make this process easy. But they also make it more important than ever

News

Donald Trump’s anachronistic trade strategy

By Richard Baldwin, professor of international economics at the Graduate Institute, Geneva Donald Trump’s ignominious executive order barring entry

By Richard Baldwin, professor of international economics at the Graduate Institute, Geneva Donald Trump’s ignominious executive order barring entry

News

Trump under fire in Ivanka row

President Trump has been criticised for using his position to attack the retailer Nordstrom for dropping his daughter Ivanka's clothing line.

President Trump has been criticised for using his position to attack the retailer Nordstrom for dropping his daughter Ivanka's clothing line.

Business

How dangerous are Trump's bank regulation reform plans?

Business Line looks at President Donald Trump's efforts to reduce regulation of US financial services and how the Super Bowl became politicised.

Business Line looks at President Donald Trump's efforts to reduce regulation of US financial services and how the Super Bowl became politicised.

News

View: Donald Trump’s chaos theory of government

The ideological project that Trump and Bannon will seek to carry out could have far-reaching geopolitical and economic implications that should worry not only progressives, but also dyed-in-the-wool conservatives like me. To understand how far they are willing to go, one must understand their ultima

The ideological project that Trump and Bannon will seek to carry out could have far-reaching geopolitical and economic implications that should worry not only progressives, but also dyed-in-the-wool conservatives like me. To understand how far they are willing to go, one must understand their ultima

Business

Trump to weaken banking rules

President Donald Trump has started the effort to roll back the US laws brought in to regulate banks after the 2008 financial crisis.

President Donald Trump has started the effort to roll back the US laws brought in to regulate banks after the 2008 financial crisis.

News

The end of Trump’s market honeymoon

The market rally is already running out of steam, and Trump’s honeymoon with investors might be coming to an end. There are several reasons for this.

The market rally is already running out of steam, and Trump’s honeymoon with investors might be coming to an end. There are several reasons for this.

News

Donald Trump and playing with economic matches

By arbitrarily selecting particular businesses to carry out his “commands,” Trump will destroy the core market principles of transparency and fairness.

By arbitrarily selecting particular businesses to carry out his “commands,” Trump will destroy the core market principles of transparency and fairness.

News

Wait-and-see: Trump’s economic announcements leave US businesses cautious

The first week of the new administration has seen a flurry of presidential activity, but most of Donald Trump’s economic announcements have been vague and lacking details.

The first week of the new administration has seen a flurry of presidential activity, but most of Donald Trump’s economic announcements have been vague and lacking details.

Business

US economic growth slows in Q4 2016 from weak exports

US economic growth slowed more than expected in the final three months of 2016 to an annualised 1.9 percent, linked to a big fall in exports.

US economic growth slowed more than expected in the final three months of 2016 to an annualised 1.9 percent, linked to a big fall in exports.

News

Opinion: Trumpian Uncertainty

By Joseph E. Stiglitz, Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 and Professor at Columbia University NEW YORK – Every

By Joseph E. Stiglitz, Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 and Professor at Columbia University NEW YORK – Every

Business

US GDP estimate for Q3 revised up further, to 3.5 percent

The US economy is even more buoyant than initially thought, according to the latest official figures for the third quarter (Q3) of this year.

The US economy is even more buoyant than initially thought, according to the latest official figures for the third quarter (Q3) of this year.

Business

Federal Reserve meets, interest rate hike expected

The Federal Reserve's policy meeting is expected to end with a 0.25 percent interest rate rise, but all eyes are on Donald Trump to see how he reacts.

The Federal Reserve's policy meeting is expected to end with a 0.25 percent interest rate rise, but all eyes are on Donald Trump to see how he reacts.

Business

US Q3 GDP growth beats estimates

Better than expected GDP and Income data from US suggest Federal Reserve will raise interest rates in December.

Better than expected GDP and Income data from US suggest Federal Reserve will raise interest rates in December.

News

Trump chooses Obamacare critic as Health Secretary

Tom Price, an outspoken critic of Obamacare, has been confirmed as the next US Health and Human Services Secretary.

Tom Price, an outspoken critic of Obamacare, has been confirmed as the next US Health and Human Services Secretary.