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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Wall Street Journal

Trump Auto Tariff Timetable Likely to Slip

Tue, Aug 21, 2018

The Trump administration is likely pushing back its timetable for imposing tariffs on auto imports, easing concerns of many in the auto industry who have widely opposed the duties....

Toll Brothers Profit Jumps as Wealthy Americans Spend

Tue, Aug 21, 2018

The most affluent Americans continue to show confidence in the economy, boosting spending on new homes and other luxury products while shrugging off threats to the long-term economic expansion....

New Fiat Chrysler CEO Inherits Marchionne's Unfinished Business

Tue, Aug 21, 2018

Fiat Chrysler CEO Mike Manley’s predecessor built a reputation as a turnaround specialist but left unresolved the future of FCA’s legacy business in Europe....

Benchmark Capital Stays Lean, Even After $14 Billion Bonanza

Tue, Aug 21, 2018

In an era when venture-capital firms are raising megafunds in the billions of dollars, Benchmark Capital—one of the best-performing investors—is resisting the temptation to go big....

American Airlines Pares International Flights

Tue, Aug 21, 2018

American Airlines is cutting some unprofitable international flights after fuel prices rose. Service to Shanghai, Munich and Toronto will be affected....

U.S. Moves Toward New Tariffs on China Despite Trade Talks

Mon, Aug 20, 2018

The Trump administration is moving closer this week to levying tariffs on nearly half of Chinese imports despite broad opposition from U.S. business and the start of a fresh round of bilateral talks. ...

Fed's Kaplan Still Favors Gradual Path of Rate Increases

Tue, Aug 21, 2018

Federal Reserve Bank of Dallas President Robert Kaplan said in an essay published Tuesday that he would like the central bank to press forward with rate increases amid a very strong job market....

Treasury Sanctions Russian Firms for Allegedly Helping North Korea

Tue, Aug 21, 2018

The Trump administration levied new sanctions against Russian firms it accused of violating trade bans on North Korea and breaches of U.S. laws against cooperation with Russia’s intelligence services....

Trump Complained About Fed Rate Increases at Fundraiser

Tue, Aug 21, 2018

President Trump told donors he is unhappy with the Federal Reserve’s recent interest-rate increases and raised doubts about the man he placed in charge of the institution, Jerome Powell, people in attendance said...

What Does Knee Surgery Cost? Few Know, and That's a Problem

Tue, Aug 21, 2018

The price we pay for health care often has little connection to what it actually costs. One hospital decided to investigate by studying its knee-replacement operations. Over 18 months, an efficiency expert trailed doctors and nurses to record every minute of activity, and the result was significantly lower than the list price....