President Donald Trump has recently downplayed voters’ economic anxieties, often blaming Democratic leaders. The president has also offered some unorthodox solutions to quell Americans’ worries, including a $2,000 dividend to be paid out from tariff revenue. NBC News’ Garrett Haake reports on the latest from Washington.
Category Archives: business
The U.S. stock market lags behind dozens of countries, even in a year of record highs
For only the third time in 10 years, the S&P 500 is poised to lag behind dozens of countries, even in a year of record highs.
Are you 40 and buying your first home? Welcome to the club
Dorienne Smith recently bought her first home, a newly built townhouse in a development outside Columbus, Ohio.
Italian pasta exports to the U.S. could be ‘virtually wiped out’ by proposed 107% tariffs
U.S. tariff rates on pasta from 13 major Italian companies could soar to as high as 107% under a recent Commerce Department decision.
Flight cancellations inch up to 6% day after Senate passes bill to end shutdown
Transportation Secretary Sean Duffy on Tuesday urged Congress to quickly pass the bipartisan bill that would end the government shutdown and the flight disruptions that have plagued the country for nearly a week.”If the House does its work tomorrow, we’re well on our way” to getting air travel back to normal, Duffy said during a news conference at Chicago O’Hare International Airport
Why Americans Could Be Saying ‘Arrivederci’ to Italian-Made Pasta
Imports from 13 Italian pasta brands, including favorites like Barilla and Rummo are staring down a 107% tariff that could hit grocery store shelves in the United States as early as January. For shoppers, that added tax could mean paying twice as much if Italian companies choose to sell their pastas in the U.S. at all. NBC’s Brian Cheung reports for TODAY on the issue that has some consumers boiling mad.
Visa and Mastercard Reach $38 Billion Swipe Fee Settlement
Visa and Mastercard have announced a $38 billion settlement with retailers who accuse the card networks of charging too much to accept their credit cards. Under the settlement, the credit card companies would lower their swipe fees by about one tenth of a percent over five years.
Trump says he’s ‘not happy’ with air traffic controllers who wouldn’t work without pay during shutdown
The president, whose staff explored ways to skirt a law requiring backpay for federal workers after the shutdown ends, insisted “they all knew the money is coming.”
The hack on Jaguar Land Rover was so bad that it hurt the U.K.’s GDP, Bank of England says
A hack affecting British car manufacturer Jaguar Land Rover has been so bad that it put a dent in the U.K.’s gross domestic product, the Bank of England said.
Flight delays aren’t slowing down despite move to end shutdown
There may soon be an end to the government shutdown that has been causing massive flight delays for weeks, but the travel nightmare caused by the political chaos in Washington showed no signs of abating Monday