TV News LIES

Friday, Apr 28th

Last update05:20:13 AM GMT

You are here All News At a Glance Economic Glance

Trump's first tariffs: Canada's lumber imports

US puts tariffs on Canadian lumberPresident Donald Trump imposed the first tariffs of his administration, up to 24.1 percent aimed at Canada's lumber industry, the Commerce Department announced.

Trump announced tariffs on Canadian softwood on Monday, prior to a Commerce Department statement indicating tariffs of between 3 percent and 24.1 percent would be imposed on five Canadian importers of lumber into the United States: West Fraser Mills, Tolko Marketing and Sales, J.D. Irving, Canfor Corporation, and Resolute FP Canada and West Fraser Mills. Smaller Canadian softwood importers will be charged an import duty of about 20 percent.

Read more...

Data Dive: U.S. confidence in economy at lowest point since November: Gallup

US confidence in economy tumblesConfidence in the U.S. economy is at its lowest point in five months, Gallup reports.

The polling firm's U.S. Economic Confidence Index was +4 for the week ending April 16, down two points from a week earlier. It's also fallen 12 points from early March when Dow Jones Industrial Average broke through 21,000 for the first time. Since then, the benchmark stock index has fallen 2.7 percent.

Gallup's indicator is back to where it was shortly after President Trump was elected.

More...

US gained only 98,000 jobs in March, putting a chill on Trump's promises

Jobs report very disappointing in MarchThe US economy added just 98,000 jobs in March as a cold snap, a government hiring freeze and a faltering retail sector appear to have put the chill on Donald Trump’s promise to boost hiring.

The jobs market had got off to a flying start in 2017, adding an average of 236,500 jobs a month. February’s jobs report was the first under Trump and was seized upon by the president as evidence that his promise to bring back US manufacturing jobs was coming true.

Only two days ago the president took to Twitter to post: “JOBS, JOBS, JOBS!” and list the hiring decisions of major US firms since his election.

More...

Trump touts Charter hiring that was in works for two years

Charter hiring goes back two yearsU.S. President Donald Trump on Friday touted Charter Communications Inc's decision to invest $25 billion in the United States and a plan the company announced before he was elected to hire 20,000 workers over four years.

At a White House event with the second-largest U.S. cable company's Chief Executive Thomas Rutledge and Texas Governor Greg Abbott, Trump praised Charter for planning to close its offshore call centers and move them to the United States.

Read more...

Fed hikes interest rates, signals two more increases for 2017

Interrest rates increaseThe Federal Reserve’s top policymaking body on Wednesday pulled the trigger on another increase in interest rates, the first since Donald Trump became president, and signaled there will be two more hikes this year.

The Federal Open Market Committee, which sets the key borrowing rate that affects interest payments on everything from mortgages to savings accounts, raised rates one-quarter of a percentage point. Still, the FOMC emphasized that it plans to nudge up interest rates gradually. The key rate now stands at between 3/4 of a percent and 1 percent.

Read more...

GM to lay off 1,100 at Michigan plant, move Acadia

GM to lay off 1,000General Motors Co. will lay off as many as 1,100 workers at its Lansing Delta Township Assembly plant when it phases out production of the first generation GMC Acadia in May.

Lansing Delta Township Assembly plant will lose its third shift and about a third of its workers as the automaker shifts production of the next generation of the SUV to Spring Hill, Tenn., Erin Davis, GM's Lansing spokeswoman, said in a statement.

The Michigan workers were given a 60-day notice of the layoffs Monday. The plant employs roughly 3,000 hourly workers and 250 salaried workers.

More...

Deutsche Bank plunges back into the red with $2 billion loss

Deutsche Bank in the redDeutsche Bank is firmly back in the red.

Germany's biggest bank posted a net loss of €1.9 billion ($2.1 billion) for the fourth quarter of last year, hit by charges that included its costly settlement with the U.S. government over toxic mortgage assets.

Shares in the bank dropped by nearly 6% in early trade.

Read more...

Page 1 of 66

  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  9 
  •  10 
  •  Next 
  •  End 
  • »
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!