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Trump Says US-China Trade War Tariffs Aren’t Boosting US Prices

President Donald Trump decried China’s “massive” intervention to suppress the yuan, portraying the U.S. as the beneficiary of his tariffs on Chinese imports and signaling the policy isn’t pushing up domestic prices.

August 13, 2019

Consumer Prices Rose 0.3% in July Amid Widespread Cost Increases

WASHINGTON — U.S. consumer prices rose 0.3% in July, pushed higher by more expensive gas, medical care and housing.

August 13, 2019

Diesel Average Price Falls 2.1¢ to $3.011 a Gallon

The U.S. average retail price of diesel continued to drop, falling 2.1 cents to $3.011 a gallon, the Department of Energy reported Aug. 12.

August 12, 2019

Huawei Hires Trade Lobbyists as Sales Slow in US-China Fight

Huawei Technologies Co. hired the law firm Sidley Austin to lobby on trade as the U.S. pressures allies to join it in blacklisting the Chinese telecom giant and the company finds itself increasingly mired in President Donald Trump’s trade war with Beijing.

August 12, 2019

Acting NHTSA Leader Heidi King to Resign Aug. 31

Heidi King, acting head of the National Highway Traffic Safety Administration, will step down from the agency at the end of the month, the U.S. Department of Transportation announced Aug. 12.

August 12, 2019

Portugal May Declare Civil Order to Counter Fuel Supply Shortage

Portugal may declare a civil order to ensure that truck drivers, who began a strike Aug. 12, deliver enough fuel to stop gas stations across the country from running dry at the height of the country’s tourism season, Prime Minister Antonio Costa said.

August 12, 2019

Corn Heads Toward Worst Rout Since 2013 on Outlook for Acreage

Corn futures plunged by the exchange limit, heading for their worst day in at least six years, after the U.S. Department of Agriculture reported more of the grain was planted than analysts had estimated.

August 12, 2019

Russia, Iran, Others Debate How to Divide Caspian Oil Riches

TURKMENBASHI, Turkmenistan — Five countries bordering the energy-rich Caspian Sea met Aug. 12 at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region’s oil wealth.

August 12, 2019

US Recession Concerns Rising With Trade War, Goldman Sachs Says

Goldman Sachs Group Inc. is raising concerns of a U.S. recession as the trade war with China intensifies, boosting the impact on economic growth.

August 12, 2019

Fiat Chrysler Deal Gives Detroit Residents First Crack at Jobs

A city program gives Detroit residents first crack at jobs with Fiat Chrysler.

August 12, 2019