H. Wayne Huizenga, a college dropout who built a business empire that included Blockbuster Entertainment, AutoNation and three professional sports franchises, has died. He was 80. Huizenga died Thursday night at his home, said Valerie Hinkell, a longtime assistant. The …
U.S. President Donald Trump on Thursday signed a memo paving the way for major tariffs on Chinese imports. It’s part of Trump’s plan to crack down on China’s theft of intellectual property. But many U.S. farmers are worried the tariffs …
The White House announced late Thursday which countries will be temporarily exempt from the tariffs on steel and aluminum that go into effect Friday. Earlier this month, President Donald Trump announced 25 percent tariffs on steel coming into the country …
Saudi Arabia opened its airspace for the first time to a commercial flight to Israel with the inauguration Thursday of an Air India route between New Delhi and Tel Aviv. Air India 139 landed at Tel Aviv’s Ben Gurion Airport …
Just a week after the empire he started announced it is shutting down, Toys R Us founder Charles Lazarus died at 94. “There have been many sad moments for Toys R Us in recent weeks and none more heartbreaking than …
U.S. President Donald Trump signed a presidential memorandum on Thursday, initiating actions to consider imposing tariffs on a long list of nearly 1,300 Chinese imported products worth about $60 billion. The move could limit China’s ability to invest in the …
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 …
U.S. President Donald Trump often tweets from his iPhone about pressuring China to address its $375 billion trade surplus with the United States. But a closer look at the Apple smartphone reveals how the headline figure is distorted. The big …
Toy company executive Isaac Larian says he and other investors have pledged a total of $200 million in financing and hope to raise four times that amount in crowdfunding in order to bid for up to 400 of the Toys …
A little more than 40 hours after leaving Moscow’s Yaroslavsky station, the Vorkuta Express pulled into its terminus after a 2,000-kilometer journey through the taiga forests and tundra of Russia’s far north. The city lies 150 kilometers inside the Arctic …
About 150 kilometers inside the Arctic Circle lies the Russian city of Vorkuta, a mining outpost that is rapidly being reclaimed by the elements. Many residents abandoned the city after the fall of the Soviet Union, but 70,000 people remain, …
U.S. President Donald Trump is expected at any time to fire a salvo directly at China in what could escalate into a full-scale trade war between the world’s two largest economies. Trade actions against China, partly in response to the …
U.S. congressional leaders appeared Wednesday to have reached a deal on a $1.3 trillion spending bill as a budget deadline loomed. The bipartisan bill, which would keep the government funded until the end of September, has President Donald Trump’s support, …
The U.S. and the European Union are set to engage in a new round of talks to resolve trade disputes, including those over U.S.-proposed tariffs on steel and aluminum imports. “We have agreed to launch immediately a process of discussion …
Top officials of the U.S. central bank raised the key interest rate slightly Wednesday, amid strong job gains and moderate economic growth. The rate is one-quarter of a percentage point higher, putting it in a range between 1.5 and 1.75 …
The largest lease sale in American history in the offshore Gulf of Mexico yielded $124.76 million in winning bids Wednesday, a modest response to the Trump administration’s effort to pump up investment in the region. The Interior Department had offered …
Peter G. Peterson, a billionaire and business executive who became one of the most prominent voices to argue for entitlement reform and reducing the U.S. national debt, died of natural causes early Tuesday, his family said. He was 91. Born …
Women are often short-changed compared to men when communities are compensated or resettled during commercial land deals in Africa, and governments should take action to rectify that, researchers said Tuesday. The World Resources Institute’s (WRI) research showed men had received …
When Commerce Secretary Wilbur Ross held up a can of Campbell’s soup in a CNBC interview to make the case that the Trump administration’s steel and aluminum tariffs were “no big deal,” the canning industry begged to disagree — and …
The world’s financial leaders rejected protectionism Tuesday and urged “further dialogue” on trade, but failed to blunt the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China. Finance ministers …
President Donald Trump will reap a huge budget increase for the military while Democrats cement wins on infrastructure and other domestic programs that they failed to get under President Barack Obama if lawmakers can agree on a $1.3 trillion governmentwide …
The Weinstein Co. filed for bankruptcy protection on Monday with a buyout offer in hand from a private equity firm, the latest twist in its efforts to survive the sexual misconduct scandal that brought down co-founder Harvey Weinstein, shook Hollywood …
Some coastal states opposed to President Donald Trump’s plan to allow oil and gas drilling off most of the nation’s coastline are fighting back with proposed state laws designed to thwart the proposal. The drilling Trump proposes would take …
Cuba has opened up its first wholesale market in an economy dominated by government-run enterprises. State-run newspaper Granma says the market is part of an ongoing effort to “reorganize” commerce on the communist island. The market will sell beans, …