Iran Seeks Ways to Defend Against US Sanctions

Iran is studying ways to keep exporting oil and other measures to counter U.S. economic sanctions, state news agency IRNA reported Saturday. Since last month, when U.S. President Donald Trump pulled out of the nuclear deal that lifted most sanctions in 2015, the rial currency has dropped up to 40 percent in value, prompting protests …

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Trump Claims Saudi Arabia Will Boost Oil Production

President Donald Trump said Saturday that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in Iran and Venezuela. Saudi Arabia acknowledged the call took place, but mentioned no production targets. Trump wrote …

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GM: US Import Tariffs Could Mean Fewer Jobs

General Motors Co warned on Friday that higher tariffs on imported vehicles under consideration by the Trump administration could cost jobs and lead to a “a smaller GM” while isolating U.S. businesses from the global market. The administration in May launched an investigation into whether imported vehicles pose a national …

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Trump Celebrates Tax Cut Law at 6-Month Mark

U.S. President Donald Trump touted the Republican tax cut plan Friday, six months after he signed it into law, saying it was strengthening the U.S. economy and helping average Americans by increasing investment, jobs and wages. “It is my great honor to welcome you back to the White House to …

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Study: HIV Drug Not Linked to Depression

A new study of a popular HIV drug could ease concerns about its link to depression. Researchers in Uganda found that efavirenz, once feared to lead to depression and suicide, did not cause the expected negative side effects in their patients. Efavirenz is an affordable, once-a-day pill used around the …

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Drake Confirms Son in Newest Album ‘Scorpion’

Drake confirms he’s a father on his new album. The 31-year-old rapper from Canada released “Scorpion” on Friday. In two songs on his fifth album, he addresses rumors that he fathered a son with a former French adult-film star. In “Emotionless,” Drake raps, “I wasn’t hiding my kid from the …

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US Consumer Spending Grew Just 0.2 Percent in May

U.S consumers increased their spending just 0.2 percent in May, a disappointing result after two months of much stronger gains. The weaker reading could raise questions about the extent of economic growth overall in the current April-June quarter. The Commerce Department says the tiny rise in spending last month followed …

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Trade Dispute Hits China’s Yuan, Investors

After a sharp sell-off, China’s yuan and stock markets attempted a modest recovery Friday, yet investors were grappling with some of their worst losses in years as a bitter Sino-U.S. trade row threatened to ruffle the world’s second-biggest economy. The yuan was set for its biggest monthly fall on record. …

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US Suicide Rate is on the Rise

The suicide rate in the U.S. is rising. A new government report shows nearly 45,000 Americans killed themselves in 2016, more than twice the number of homicides. In fact, the suicide rate, particularly among young people ages 15 to 34, has been rising at an alarming rate for almost three …

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First LP Record is Re-Released Amid Vinyl Revival

Seventy years ago this month, a major record company, Columbia Records, introduced the first LP, or long-playing record. The new format revolutionized music sound recording and was quickly adopted as the new standard by the recording industry. To celebrate the milestone anniversary, Sony has pressed a very limited quantity of …

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US Delegation Attends Kenya’s Inaugural Economic Summit 

A U.S. delegation traveled to Kenya on Thursday to attend the inaugural economic summit of the American Chamber of Commerce, Kenya. About 500 delegates, including Kenyan President Uhuru Kenyatta and Gilbert Kaplan, U.S. undersecretary of commerce for international trade, other high-ranking government officials from both nations and representatives from nearly 30 …

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