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American Express beat earnings expectations and raised its outlook, amid strong demand for its higher-priced premium Platinum card.
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China has found Trump's pain point - rare earths BBCChina accuses U.S. of deliberately causing panic over rare earth controls, says it is open to talks CNBCChina's Rare Earth Restrictions Aim to Beat U.S. at Its Own Game The New York TimesMP Stock Rises. Rare Earth Battle Makes Dips Short Lived. Barron's
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Mariners get thumped again at home as ALCS lead evaporates The Seattle TimesFiery Scherzer helps Jays tie up series with M's ESPNMad Max rages against Father Time -- literally -- in high-octane Game 4 MLB.comAll tied up! Blue Jays bash Mariners in crucial Game 4 to even ALCS USA TodayNLCS, ALCS
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The risks are mounting for the Swiss economy as the country's goods face one of the Trump administration's most punitive tariff rates.
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Could artificial intelligence help small business owners gain the insights they need to operate more efficiently and grow? In the updated edition of Fintech, Small Business & the American Dream, Karen Mills looks at evolving technology and how it might power this critical engine of the US economy.
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 Fed Chair Jerome Powell said the central bank could raise interest rates again if the economy and labor market don't cool down.
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Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
SEE MORE 12 REITs Flaunting Fast-Growing Dividends
"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
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As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
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Print section
Print Rubric:
Business reaction to the Republicans'' big tax-reform plan is mixed
Print Headline:
Give and take
Print Fly Title:
American business and tax
UK Only Article:
standard article
Issue:
America''s global influence has dwindled under Donald Trump
Fly Title:
Give and take
Location:
NEW YORK
'CUT, cut, cut!' That is what President Donald Trump wanted to name an eagerly awaited Republican proposal for reforming America''s tax code. He vows that slashing the rate of corporate tax will create millions of jobs. In the end, on November 2nd, Republican leaders in the House of Representatives unveiled the modestly named Tax Cuts and Jobs Act.
Some business leaders cheered. The US Chamber of Commerce called it a 'once-in-a-generation opportunity to fix the problem'. The National Association of Manufacturers declared the plan 'a grand slam for ...
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