Business

1 in 10 Americans now millionaires, but the status loses some luster

1 in 10 Americans now millionaires, but the status loses some luster

NEW YORK (AP) — As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn’t afford tuition. In her twenties, already ...

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US consumer confidence improves slightly in July, but Americans remain concerned about tariffs

US consumer confidence improves slightly in July, but Americans remain concerned about tariffs

WASHINGTON (AP) — Americans’ view of the U.S. economy improved this month, but Americans remain concerned about the impact of tariffs on their economic futures. The Conference Board said Tuesday t...

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Union Pacific and Norfolk Southern announce $85 billion transcontinental railroad deal

Union Pacific and Norfolk Southern announce $85 billion transcontinental railroad deal

OMAHA, Neb. (AP) — Union Pacific wants to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U.S, and potentially trigger a final wave of rail ...

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Trump notches up trade deals, but will it pay off for American consumers

Trump notches up trade deals, but will it pay off for American consumers

WASHINGTON (AP) — President Donald Trump is getting his way with the world economy. Trading partners from the European Union to Japan to Vietnam appear to be acceding to the president’s demands to...

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Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump

Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump

WASHINGTON (AP) — The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide be...

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Trump tariffs could increase factory costs by up to 4.5%: analysis

Trump tariffs could increase factory costs by up to 4.5%: analysis

WASHINGTON (AP) — As President Donald Trump prepares to announce new tariff increases, the costs of his policies are starting to come into focus for a domestic manufacturing sector that depends on...

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