John Carney

Elon Musk wants to be a groundbreaker in China. Instead, he may end up being broken by China.

Although wealthier consumers appear to be deeply concerned over tariffs, the overall expectations index improved in early July, rising to 86.4 from 86.3, according to the survey.

Jamie Dimon, the bank’s chief executive, said that trade war talk was more about “psyche” than “economics.” 

Inflation-adjusted wages were flat for the second month in a row.

“U.S. families’ high dependency on Chinese products is the Achilles’ heel of U.S. trade policy,” the Global Times wrote in a editorial Wednesday.

Saudi Arabia met Donald Trump’s demands for more oil, hiking its output in June to the highest level since 2016.

BMW spokesman Ken Sparks told the Herald-Journal of Spartanburg the company’s new deal with China won’t affect Spartanburg production.

“Unfortunately, China has not changed its behavior – behavior that puts the future of the U.S. economy at risk,” U.S. Trade Representative Robert Lighthizer said in a statement announcing the new tariffs.

“Small business owners continue to report astounding optimism as they celebrate strong sales, the creation of jobs, and more profits,” said NFIB President and CEO Juanita Duggan.

Experts said American industries that use imported metals were going to suffer under tariffs. Instead, they added 27,000 new jobs in recent months and wages for workers are rising.

China would like to turn America’s heartland against President Trump and has aimed its tariffs to maximize damage to American farmers and Midwestern industrial workers.

Economists had expected the economy to add 190,000 jobs and the unemployment rate to hold steady.

The economy is doing so well that a bit of trade friction would not be bad. If it ever develops into a drag on the economy, it will simply balance out the boom created by the rise in confidence and the fall in taxes.

Over the past year, America’s private sector has added an average of 190,000 new jobs. That blistering pace of hiring is nearly double the rate of growth of the workforce, pushing unemployment down and then down some more.

It is most certain that all men, as they are sons of Adam, are coheirs; and have equal right unto liberty, and all other comforts of life.

Americans are expected to set a new record for July 4 holiday travel this week, according to AAA.

Just in time for the height of the summer driving season, Saudi Arabia’s government said Tuesday that it will is ready to pump more oil.

Donald Trump may have picked a very good time to take a break from developing luxury real estate in Manhattan.

“Why would we need a fight on Capitol Hill over a new law for powers we already have?” a person who is familiar with the thinking inside the White House said.

Meet the new boss. Same as the old boss.

Tax cuts have lowered utility rates this year, leading Americans to spend less on gas, water, and electricity. With incomes rising, this has helped push up the saving rate.

“He’s [threatened to withdraw] 100 times. It would totally [screw] us as a country,” a source told Axios.

Amazon is buying online pharmacy company PillPack for an undisclosed amount. Its stock rose by around 2.5 percent, adding around $20 billion to its value-or ten times what analysts think Amazon paid for PillPack.

In a sign of the confidence of regulators in the strength of the biggest U.S. banks, those banks are now authorized to pay out 95% of their expected aggregate profits over the coming year.

A bigger pullback in consumer spending brought first-quarter economic growth down to just 2 percent. The good news? The economy appears to have accelerated by a lot in recent months.

The bond-rating agencies public finance group says that the end of mandatory union dues for non-members is a positive development for the health of state and local governments.

The administration wants to limit Chinese investment using existing U.S. laws rather than employing executive authorities to erect novel restrictions.

Lots of people around the world say that no one wins in a trade war. But trade wars are like workers’ strikes, according to CNBC’s Rick Santelli. They have costs but they also have winners.

Workers in two American industries that many economists had consigned to the dustbin of history saw some of the biggest gains in wages, bonuses, and benefits in the start of 2018.

The market went into a tailspin after Treasury Secretary Steven Mnuchin tweeted about restrictions on foreign investment in U.S. companies. Then Trump trade guru Peter Navarro set things straight.

A surge in popularity of tariffs and an accelerating economy has made President Donald Trump’s economic stewardship much more popular.

Mnuchin said the stories were wrong because new U.S. policy is not aimed specifically at China but will apply to all countries found to steal U.S. technology.

New home sales indicate that housing will continue to contribute to the economy for several months.

Donald Trump issued a challenge to U.S. trading partners over the weekend, calling on them to bring down their own trade barriers or be met with retaliatory U.S. measures.

Trump tweeted that the U.S. would impose tariffs on auto imports if the EU does not drop its ten percent duty on American made cars.