President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when he assumes office in January, his former Treasury secretary said Thursday.Steven Mnuchin, who held the post throughout Trump's first term from 2017-21, told CNBC that he sees those items...
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Striking Boeing machinists vote on union-backed contract proposal, this time with a warning
Boeing machinist Andre Johnstone (R) who says he does not support the new contract offer, pickets outside the Renton Production Facility one day before striking union members will vote on a new contract offer in Renton, Washington on November 3, 2024. Jason Redmond | Afp | Getty ImagesBoeing's more than 32,000...
Talen, Constellation and Vistra tumble after government rejects Amazon nuclear data center agreement
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024.Nathan Howard | Bloomberg | Getty ImagesTechnology companies' push to directly power artificial intelligence with nuclear plants hit a major roadblock, after a federal regulator rejected a request to increase power for an Amazon data...
China reviews plan to increase local government debt
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023.Edgar Su | ReutersBEIJING — A closely watched meeting of...
Top Wall Street execs are getting skeptical on the Fed’s easing path
A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024.Brendan McDermid | ReutersRIYADH, Saudi Arabia — Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren't convinced that the Federal Reserve will...