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US Core Capital Goods Orders, Shipments Jump in February

New orders for key U.S.-made capital goods rebounded more than expected in February after two straight monthly declines and shipments surged, which could temper expectations of a sharp slowdown in business spending on equipment in the first quarter. The Commerce Department’s report on Friday could prompt economists to raise their …

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US Core Capital Goods Orders, Shipments Jump in February

New orders for key U.S.-made capital goods rebounded more than expected in February after two straight monthly declines and shipments surged, which could temper expectations of a sharp slowdown in business spending on equipment in the first quarter. The Commerce Department’s report on Friday could prompt economists to raise their …

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Zuckerberg Apology Fails to Quiet Facebook Storm

A public apology by Facebook chief Mark Zuckerberg failed Thursday to quell outrage over the hijacking of personal data from millions of people, as critics demanded that the social media giant go much further to protect user privacy. Speaking out for the first time about the harvesting of Facebook user …

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Zuckerberg Apology Fails to Quiet Facebook Storm

A public apology by Facebook chief Mark Zuckerberg failed Thursday to quell outrage over the hijacking of personal data from millions of people, as critics demanded that the social media giant go much further to protect user privacy. Speaking out for the first time about the harvesting of Facebook user …

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Stocks Dive on Trade War Fears After China Sanctions

Stocks plunged Thursday after the Trump administration slapped sanctions on goods and investment from China. The Dow Jones industrial average dropped more than 700 points as investors feared that trade tensions between the world’s largest economies would escalate. The planned sanctions include tariffs on $48 billion worth of Chinese imports …

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Stocks Dive on Trade War Fears After China Sanctions

Stocks plunged Thursday after the Trump administration slapped sanctions on goods and investment from China. The Dow Jones industrial average dropped more than 700 points as investors feared that trade tensions between the world’s largest economies would escalate. The planned sanctions include tariffs on $48 billion worth of Chinese imports …

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Trump Takes Action on Chinese Imports

U.S. President Donald Trump signed a document Thursday setting the stage for an estimated $60 billion in new tariffs on Chinese imports that could quickly lead to a trade war with Beijing. The U.S. leader targeted China’s alleged years-long theft of U.S. intellectual property, imposing new restrictions on Chinese investment …

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Trump Takes Action on Chinese Imports

U.S. President Donald Trump signed a document Thursday setting the stage for an estimated $60 billion in new tariffs on Chinese imports that could quickly lead to a trade war with Beijing. The U.S. leader targeted China’s alleged years-long theft of U.S. intellectual property, imposing new restrictions on Chinese investment …

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Facebook Under Fire for Data Misuse

Facebook is coming under intense criticism following reports that information from 50 million users was gathered by a voter data firm. Lawmakers are demanding answers, and Facebook stock has lost about $35 billion in its value. Michelle Quinn reports on the threats the company faces. …

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Facebook Under Fire for Data Misuse

Facebook is coming under intense criticism following reports that information from 50 million users was gathered by a voter data firm. Lawmakers are demanding answers, and Facebook stock has lost about $35 billion in its value. Michelle Quinn reports on the threats the company faces. …

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Fed Signals at Least Three More Rate Hikes in 2018

U.S. Federal Reserve officials voted to raise the central bank’s benchmark interest rate by a quarter of a percent this week, signaling perhaps three or more rate hikes this year as economic conditions improve. But as Mil Arcega reports, rising rates mean higher borrowing costs for consumers, many who have …

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Fed Signals at Least Three More Rate Hikes in 2018

U.S. Federal Reserve officials voted to raise the central bank’s benchmark interest rate by a quarter of a percent this week, signaling perhaps three or more rate hikes this year as economic conditions improve. But as Mil Arcega reports, rising rates mean higher borrowing costs for consumers, many who have …

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