Why GM can't use record profits to grant striking workers' demands

FOX Business’ Grady Trimble shoved as he tried to ask Bernie Sanders a question at GM rally The picket lines got rowdy as Bernie Sanders visited striking GM workers. FOX Business’ Grady Trimble with more. Talks between General Motors and striking United Auto Workers progressed to the "Main Table" stage this week, but union members may be disappointed with salary offers since they're already among […]

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Economists use beer to explain how socialism affects societies

Economists use beer to document failures of socialism in new book After completing a global drinking tour, two U.S. economists warn that socialism could lead to a drastic dry-up of adult beverages. In a political environment where the word "socialism" is thrown around often, two economists decided to see the real-world examples by using one common denominator: Beer. Continue Reading […]

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Supreme Court lets Trump use disputed funds for border wall

WASHINGTON (Reuters) – The U.S. Supreme Court on Friday handed President Donald Trump a victory by letting his administration redirect $2.5 billion in money approved by Congress for the Pentagon to help build his promised wall along the U.S.-Mexico border even though lawmakers refused to provide funding. The conservative-majority court on a 5-4 vote with the court’s liberals in dissent […]

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Trump to require increased use of US steel, iron in federal projects

Peter Navarro: President Trump is delivering on his promise to ‘Buy American, Hire American’ White House trade adviser Peter Navarro offers insight as the president hosts ‘Made in America’ week in Washington. President Trump will sign an executive order on Monday to require that the bulk of the steel and iron used in federal contracts is sourced from U.S. firms., […]

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House Dems use Obama-era photos to promote ‘kids in cages’ hearing

DHS, CBP officials push back on Democratic delegation’s claims of grim conditions at migrant detention centers Members of the Congressional Hispanic Caucus toured two Border Patrol facilities where children and families are being detained in and around El Paso, Texas; Casey Stegall reports from Dallas. Democrats on the House Oversight Committee have deleted tweets that promoted an upcoming Wednesday afternoon […]

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Dollar on track to snap losing streak, British pound pulls back from 9-month high

The U.S. dollar was on track to break a four-day losing streak on Thursday, climbing higher against its rivals amid renewed uncertainty over Sino-American trade negotiations and weakness in European currencies. The British pound retraced its gains from a day ago as traders await further developments on Brexit. The ICE U.S. Dollar Index DXY, +0.30% a measure of the currency […]

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Dollar index strengthens ahead of data, set for weekly rise

The U.S. dollar edged higher Friday, ahead of economic data, and Congressional moves that appear set to avoid a partial government shutdown, with President Trump expected to declare a national emergency on border security. “Currencies were in a holding pattern on the final trading day of the week with majors contained to 20 pip ranges in Asian and European sessions […]

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Apple Investors Could Sure Use Unit Sales Data Right About Now

Apple (NASDAQ: AAPL) dropped a bombshell last night. The iPhone maker dramatically cut its guidance for the December quarter, warning investors that revenue would come in far short of its own outlook, as well as Street expectations. Apple now expects to only bring in $84 billion in revenue in its fiscal first quarter, representing an approximately 5% decline from a […]

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