US Markets Reach a Historic High Point

It was another historic week for U.S. markets as the Dow Jones Industrial Average closed above 21,000 for the first time, taking only 24 trading sessions to rise from 20,000 to 21,000 — the second-fastest 1,000-point move ever by the index. The S&P 500 closed higher for the week, completing …

your ad here

Yellen Signals Rate Hike Likely This Month

The head of the U.S. central bank says improvements in employment and rising inflation mean an interest rate increase will “likely be appropriate” later this month. Federal Reserve Chair Janet Yellen told a Chicago audience the change will come if economic data continues to come in as expected. The Fed …

your ad here

US High School Makes $24M from Snap IPO

A private Catholic high school in California’s Silicon Valley that made $24 million from an initial public offering of shares in Snap Inc. will use the windfall for financial aid, professional development, teacher training and funding of school programs, the school’s president said Friday. The board of the high school …

your ad here

Federal Agents Search Caterpillar’s Illinois Facilities

Federal law enforcement agents have searched three facilities of the American heavy-equipment manufacturer Caterpillar Inc. in the U.S. Midwest. Caterpillar spokeswoman Corrie Heck Scott said in an email that the company, the world’s largest manufacturer of mining and construction equipment, was cooperating with law enforcement, but gave no further details …

your ad here

Singled Out by Trump, Harley Davidson Opposed Higher Tariffs

Motorcycle maker Harley-Davidson, which President Donald Trump singled out Tuesday when discussing foreign trade barriers, warned earlier this year against responding to such restrictions by imposing higher American tariffs.   Trump said in his speech to Congress that executives from Harley-Davidson told him they have trouble selling motorcycles outside of …

your ad here

Chilean Police Raid Odebrecht Offices in Santiago

Chilean police raided the offices of Brazil’s Odebrecht in capital Santiago on Wednesday, as part of a widening investigation into bribes paid by the conglomerate on construction projects across Latin America. A Chilean prosecutor will travel to Brasilia this month to work with Brazilian colleagues questioning Odebrecht executives, national public …

your ad here

A Guide to US Federal Budget Process

Here’s a look at how the U.S. government’s budget is drawn up and approved: — The process starts with the submission of the president’s annual budget request to Congress. Traditionally, this is done on the first Monday in February. The president’s budget request details the administration’s position on a full …

your ad here

Trump Administration Calls for Tougher Stance on Trade Deals

Trump administration officials say it is time for a “more aggressive approach” to trade negotiations and enforcement.   Wednesday’s 2017 Trade Policy Agenda says Washington will strongly defend U.S. sovereignty in trade issues, strictly enforce trade deals, protect U.S. intellectual property, and negotiate “new and better trade deals with countries …

your ad here

Dow Hits Record High Above 21,000

U.S. stocks hit record highs in Wednesday’s trading, with the Dow Jones Industrial average exceeding 21,000 for the first time. U.S. stock markets have been hitting a series of record highs since the election of President Donald Trump, who encouraged businesses by promising to cut taxes and regulations, and make …

your ad here