Breadcrumb Trail Links News Economy Political outsider like Musk could help cut regulation and rein in bureaucracy, even if moves unpopular Get the latest from Barbara Shecter straight to your inbox Sign Up Published Nov 08, 2024 • 7 minute read You can save this article by registering for free here. Or sign-in if you have an account. The idea that Elon Musk, left, could play a direct role in
Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on November 07, 2024 in Washington, DC. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell dodged question after question at his Thursday news conference from a press corps eager to elicit the central bank leader’s thoughts about President-elect Donald Trump. At some point, though, Fed policymakers,
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images DETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year are “impossible” to meet and, if they’re not changed, will lead to less customer choice in several states. Current requirements under the California Air
Reuters Donald Trump and Xi Jinping at their last face-to-face meeting in 2019 China has unveiled new measures aimed at boosting its flagging economy, as it braces for a second Donald Trump presidency. The country plans to tackle tens of billions of dollars of local government debt to prevent it being a drag on growth. Trump won the US election on a platform that promised steep import taxes, including tariffs
Breadcrumb Trail Links News Impact from Trump tariffs could push loonie below 70 cents U.S. Published Nov 08, 2024 • Last updated 3 hours ago • 5 minute read You can save this article by registering for free here. Or sign-in if you have an account. Donald Trump, left, with Republican vice president-elect J.D. Vance, celebrate election night at the Palm Beach Convention Center, Nov. 6, 2024, in West Palm Beach,
Voters walk to cast their ballots during early voting in the presidential election at a polling station at the C. Blythe Andrews, Jr. Public Library in Tampa, Florida, U.S., November 1, 2024. Octavio Jones | Reuters Executives at America’s largest companies are talking publicly with investors about the presidential election more so than in recent cycles. The word “election” came up on 100 earnings calls of S&P 500-listed firms between
A bottle of Vicks DayQuil cold and flu medicine containing phenylephrine is displayed for sale in a CVS Pharmacy store in Hawthorne, California, on Sept. 12, 2023. Patrick T. Fallon | AFP | Getty Images The Food and Drug Administration on Thursday proposed ending the use of a common ingredient found in many popular over-the-counter cold and allergy medications. The agency said an extensive review of available data determined that
Getty Images Thousands of drivers working for ride-hailing and food delivery app Bolt have won a legal claim to be classed as workers in the UK rather than self-employed. The ruling means drivers could be entitled to holiday pay and minimum wage, which lawyers said could lead to compensation worth more than £200m. Bolt said it was reviewing its options, including grounds for appeal. It pointed out that the findings
Article content Canada’s unemployment rate remained unchanged for the month of October at 6.5 per cent, with the economy adding 15,000 jobs, Statistics Canada said on Friday. The job gains were about half the consensus expectation of 27,000 new positions. Unemployment was up 0.8 per cent compared to the same time last year, with 193,000 more people looking for jobs or on temporary layoff. Article content The participation rate declined
Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows, according to separate reports released Tuesday. The Conference Board’s consumer confidence index for October rose more than 11% to a reading of 138, its biggest one-month acceleration since March 2021. Along with that, the board’s expectations index of future conditions jumped nearly 8%, to a reading of 89.1 that
