The Wall Street Journal reported Thursday that the Fed may break from its current approach of steady rate hikes.
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Posted inBusiness, Nation & World
Cooling economy in China erodes sales of some U.S. luxury brands
It’s a rude awakening for such designer brands as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry, clothes and other high-end goods.
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Posted inBusiness, Nation & World
White House contradicts Trump, says there’s no deal with China
White House economic adviser Larry Kudlow says there is no “specific agreement” between the United States and China that would address China’s tariffs on U.S. auto imports
Posted inBusiness, Nation & World
Side issues may overshadow G-20 summit
A trade war between the United States and China, the killing of a Saudi journalist and the conflict over Ukraine threaten to disrupt the gathering.
Posted inBusiness, Local & State, News
Canada buying more U.S. lobster in wake of China trade dispute
Heavy demand from Canada is buoying American lobster as both countries head into the busy holiday export season, according to federal statistics and members of the industry.
Posted inBusiness, Local & State, News
Bar Harbor’s Jackson Laboratory expanding abroad in China
The company is planning a quarantine facility for mice.
Posted inLocal & State, Schools and Education
RSU 18 gets funding for two greener school buses
The district was one of two in the area to receive money from the first round of grants connected to the Volkswagen settlement to help offset nitrogen oxide emissions.
Posted inBusiness, Nation & World
Chinese firms hit with trade secret theft charges
The prosecution comes amid heightened tensions over trade.
Posted inBusiness, Nation & World
Trump administration restricts technology purchases by Chinese chip manufacturer
The U.S. will limit tech exports, saying the competitor could end up forcing American suppliers out of business.
Posted inBusiness, Nation & World
World’s longest sea-crossing bridge now links Hong Kong to mainland China
The engineering marvel is a symbol of the mainland’s increasingly close ties with Hong Kong and Macau and carries huge economic and political significance.