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News
Warsh faces pressure to ‘put up or shut up’ after hot CPI report | Jefferson City News-Tribune
1+ day, 47+ min ago (911+ words) Federal Reserve Chairman Kevin Warsh faces intense pressure to raise interest rates at next week's policy meeting after a highly anticipated inflation report showed U.S. consumer prices marched higher last month. Underlying inflation rose more than expected in August, as the…...
Canada hits US imports with tariffs, intensifying trade war
4+ day, 23+ hour ago (1108+ words) Canada imposed tariffs of 15-50 percent on hundreds of products from the U.S. on Tuesday, as Prime Minister Mark Carney bets that standing up to President Donald Trump will eventually help Ottawa's negotiating position with its biggest trading partner. Carney's government increased…...
Canada’s retaliatory tariffs poised to hit Michigan manufacturing | Jefferson City News-Tribune
1+ week, 6+ day ago (1164+ words) Canada's retaliatory tariffs on U.S. goods could constrain about $1.5 billion worth of Michigan exports, according to a Detroit News analysis of federal trade data. The tariffs, ranging from 15 percent to 50 percent, are set to take effect Sept. 8 and will apply to…...
Warsh says inflation isn???t slowing, vows to reach 2 percent target
2+ week, 23+ hour ago (856+ words) Federal Reserve Chairman Kevin Warsh warned inflation isn't meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has "work to do." In a sweeping speech, his first since becoming chairman of the central bank…...
Canada retaliates with tariffs of up to 50 percent on US goods | Jefferson City News-Tribune
2+ week, 5+ day ago (505+ words) Canada has imposed retaliatory tariffs of up to 50 percent on imports from the United States as the trade war between the North American neighbors heats up. Effective Sept. 8, Canada will impose countertariffs between 15 percent and 50 percent on products drawn from…...
Target shares drop after Halloween costume backlash | Jefferson City News-Tribune
2+ week, 5+ day ago (410+ words) Target shares slid as much as 5 percent after the retailer apologized for and pulled a Halloween costume criticized for evoking Blackface, renewing concerns about brand missteps just as its financial turnaround effort had begun to bear fruit. In an internal…...
Canada to impose retaliatory tariffs on US steel, electronics, other products | Jefferson City News-Tribune
3+ week, 1+ day ago (698+ words) OTTAWA -- Prime Minister Mark Carney said on Saturday that Canada would impose tariffs starting Sept. 8 on imports of U.S. steel, electronics and other products in retaliation for President Donald Trump's 50 percent tariffs that took effect at midnight. After days of intense…...
Lowe’s gets $80M Trump tariff refund — it’s not going toward price cuts | Jefferson City News-Tribune
3+ week, 3+ day ago (807+ words) While some retailers directed federal tariff refunds toward price cuts to lure shoppers, Mooresville, North Carolina-based home improvement giant Lowe's is taking a different path with its $80 million refund -- using it as a financial cushion. The federal government is issuing…...
Trump to host crypto executives as SEC considers regulations | Jefferson City News-Tribune
3+ week, 4+ day ago (298+ words) WASHINGTON - President Donald Trump will host cryptocurrency executives at the White House on Wednesday as U.S. financial regulators this week prepare to advance their framework for certain digital assets. Trump, who has earned more than $1.4 billion from his family's crypto ventures,…...
US-Canada trade talks bogged down by auto sector tariffs | Jefferson City News-Tribune
3+ week, 5+ day ago (685+ words) With the hours dwindling before new U.S. tariffs on Canada are set to kick in, automotive sector rules are proving to be a major obstacle in negotiations, according to people familiar with the matter. Canada has pushed to reduce the tariff…...