Scott Horsley appears in the following:
World Oil Prices Spike After Saudi Facilities Attacked
Monday, September 16, 2019
Oil prices jumped on Monday in response to a weekend strikes in Saudi Arabia that crippled more than half the country's oil production. It was the single-largest daily surge in crude prices in years.
Does Tariff Delay Signal A Chance For Trade War Deal With China?
Thursday, September 12, 2019
President Trump announced Wednesday that he would postpone the increase of certain tariffs on Chinese goods from Oct. 1 to Oct. 15. This follows a trade concession by China earlier in the day.
Next Round Of U.S. China Trade Talks Are Unlikely To End The Trade War
Wednesday, September 11, 2019
China has granted tariff waivers to a small number of U.S. exports, as the two countries prepare for another round of trade talks. Most analysts are not predicting a quick end to the trade war, even though it's taking a toll on both sides of the Pacific.
Wilbur Ross At The Center Of Another Political Storm, This Time About The Weather
Tuesday, September 10, 2019
Ross is under the microscope again — this time for reportedly pressuring government scientists to back President Trump over a misleading tweet about Hurricane Dorian.
Monthly Jobs Report Shows Fresh Signs Of Slowing U.S. Economy
Friday, September 06, 2019
Employers added just 130,000 jobs in August, another sign that the economy is slowing. Job gains for June and July were revised downward. Factories, in particular, have seen a slowdown.
Tepid U.S. Jobs Report Adds To Economic Jitters
Friday, September 06, 2019
The Labor Department says U.S. employers added 130,000 jobs in August, fewer than private analysts had expected. The unemployment rate was unchanged at 3.7%.
Manufacturing Shrinks For 1st Time In 3 Years On Trade Tensions
Tuesday, September 03, 2019
Manufacturing activity in the U.S. shrank last month for the first time in three years. Factories are especially sensitive to international forces, including the ongoing trade wars.
New Import Taxes Underscore China's Role As Growing U.S. Food Supplier
Monday, September 02, 2019
The Trump administration leveled new tariffs this weekend on more than $100 billion worth of imports from China, including chocolate, sweet biscuits and chewing gum.
New China Tariffs Go Into Effect
Sunday, September 01, 2019
The Trump administration is imposing new tariffs on more than $100 billion worth of Chinese imports. It's the latest escalation in the ongoing trade war.
China Falls Out Of Fashion For Some U.S. Brands
Friday, August 30, 2019
As the trade war drags on, more manufacturers are looking to relocate from China to avoid Trump's tariffs. A firm that sells Isaac Mizrahi's clothing line has already shifted much of its production.
Markets Fall After Trump Tweets
Saturday, August 24, 2019
President Trump lashed out at China and the Federal Reserve and said he's ordering U.S. companies to find suppliers outside of China. There was a sharp sell-off on Wall Street.
President Trump Announces Higher Tariffs On Goods From China
Friday, August 23, 2019
President Trump has ordered higher tariffs on Chinese imports, in another escalation of the trade war between the world's two biggest economies.
Tomato Truce: U.S. And Mexico Strike A Deal On Imports
Wednesday, August 21, 2019
The U.S. agreed to lift tariffs on imported tomatoes from Mexico. But importers warn that stepped-up inspections could still create bottlenecks, limiting supplies and raising produce prices.
The Federal Budget Deficit Is Getting Bigger As Spending Grows
Wednesday, August 21, 2019
The deficit is expected to swell to $960 billion this year and average $1.2 trillion in each of the next 10 years, according to congressional budget forecasters. They also expect the economy to slow.
Trump Mulls 2 Kinds Of Tax Cuts While Browbeating Fed About Interest Rates
Wednesday, August 21, 2019
The Trump administration is boasting that the economy is strong. But the administration is also calling for the kind of dramatic economic stimulus one would usually only consider during a recession.
Trump Dismisses Recession Fears, Saying Fed Must Help The Economy
Monday, August 19, 2019
The Trump administration pushed back hard against warnings of an economic slowdown. But the president is also calling on the Federal Reserve to cut interest rates again to help boost growth.
Wall Street's Wild Week
Saturday, August 17, 2019
Mixed economic signals have economists concerned about a recession, something President Trump is trying to factor into his reelection bid.
Companies Look For Workarounds To Avoid Trump's Tariffs As Trade War Grinds On
Friday, August 16, 2019
As the trade war drags on, companies are beginning to make long-term adjustments. For some, that means hiring workers to redesign or reclassify products or seek new suppliers to sidestep import taxes.
What Economic Indicators Are Telling Us About A Potential Recession
Thursday, August 15, 2019
The stock market paused to catch its breath on Thursday after a steep drop the day before. There are some warning signs of a recession ahead, but others suggest the economy is still resilient.
Stock Markets Take A Breather After Steep Drop
Thursday, August 15, 2019
Investors paused to catch their breath Thursday after the stock market suffered its worst drop of the year the day before. Consumer spending is still strong, despite signs of a looming recession.