Economy

U.S. Jobless Rate Drops To 3.8 Percent

9:48am June 01, 2018

by Chris Arnold

Employers added 223,000 jobs in May as hiring showed a healthy pickup from the prior month. President Trump created controversy by tweeting beforehand that he looked forward to the report coming out.

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Canada Retaliates After The U.S. Hits It With Tariffs On Steel

6:39am June 01, 2018

Canada is complaining loudly about President Trump's decision to slap its steel exports to the U.S. with a 25 percent tariff. David Greene talks to Ontario Premier Kathleen Wynne.

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Canadian Prime Minister Justin Trudeau (seen here with President Trump in October) on Thursday called the argument that U.S. steel import tariffs were necessary for national security reasons an "affront" to Canada.

EU, Canada And Mexico Threaten Tariffs To Retaliate Against U.S.

8:19pm May 31, 2018

by Yuki Noguchi

The Trump administration's latest move to impose tariffs on steel and aluminum imports from the U.S.'s biggest strategic and trade partners has touched off a barrage of criticism and retaliation.

Economy

Internet a la Carte

5:08pm May 31, 2018

A new study tries to put a dollar amount on free internet services... by looking at how much money it would take for people to give them up.

Sears Holdings Corp., which operates Sears and Kmart, said Thursday that it is closing 72 more of its stores. Here, shoppers look for deals at the last remaining Sears store in Chicago before it closes this summer.

Sears Will Close 72 More Stores, After Quarterly Sales Drop Nearly 12 Percent

1:34pm May 31, 2018

by Bill Chappell

Sears Holdings Corp., which controls both Sears and Kmart, says it has "identified approximately 100 non-profitable stores." The company has not yet announced which ones will close.

The EU Steels For Tariffs

1:13pm May 31, 2018

The U.S. rebuffed EU efforts to get an exemption from steel and aluminum tariffs due to take effect at the end of this week. Rachel Martin talks with EU Ambassador to the U.S. David O'Sullivan.

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Federal Reserve Proposes Changes To Volcker Rule

8:20am May 31, 2018

by Chris Arnold

The Federal Reserve has voted to consider changes to the Volcker rule, which blocks banks from trying to make money with speculative investments.

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Italy's Global Market Impact

5:08am May 31, 2018

The widening political crisis in Italy sent stock prices falling around the world this week, though the market has begun to rebound. Rachel Martin talks with economic analyst Philip Suttle.

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President Trump talks with Japanese Prime Minister Shinzo Abe before dinner at Trump's private Mar-a-Lago club, in April in Palm Beach, Fla.

Abe: Japan 'Cannot Accept' New Tariffs On U.S. Auto Imports

5:02am May 31, 2018

by Scott Neuman

In remarks to the legislature, the prime minister said the possibility that the U.S. would raise the duty on auto imports from his country as high as 25 percent is "hard for Japan to understand."

Economy

Money For Moms

5:01pm May 30, 2018

After six years of preparation, an ambitious new experiment will study the effects of income on the development of infant brains.