US Jobless Claims Rose Last Week to 259000 – Wall Street Journal

WASHINGTON—The number of Americans applying for unemployment benefits rose last week but remained at a historically low level consistent with a healthy U.S. labor market. Initial jobless claims, a proxy for layoffs across the U.S., increased by 22,000 to a seasonally adjusted 259,000 in the week ended Jan. 21, the Labor Department said… US Jobless […]

Trump Is Squeezing Detroit at the Worst Possible Time – Bloomberg

Trump Is Squeezing Detroit at the Worst Possible Time – Bloomberg

President Donald Trump is asking U.S. automakers to invest in domestic manufacturing at a bad time. Car sales have gained for seven-straight years after the U.S. auto bailouts and the financial crisis, a streak that’s close to running out of gas. That’s a recipe for trouble facing companies wary of undoing the painful but necessary […]

How a Trump tariff could sideswipe U.S. auto industry – Chicago Tribune

The threat from President Donald Trump to tax Mexican-made cars sold in the U.S. would throw the industry into disarray, analysts say, forcing some uncomfortable choices: Raise car prices or swallow the cost. Stop selling Mexican-made cars in the U.S. but risk losing customers. Move production to the U.S. but make less money. “I don’t […]

Verizon’s Latest Stumble Puts Pressure on Media Makeover Plans – Bloomberg

Verizon’s Latest Stumble Puts Pressure on Media Makeover Plans – Bloomberg

Verizon Communications Inc. continues to face a slowdown in its core wireless business, putting more pressure on the phone giant to show progress in its plan to transform itself into a media and advertising rival to Facebook and Google. The nation’s largest wireless carrier sacrificed profits in the fourth quarter by cutting prices and offering giveaways […]

Dollar slips, shares wobbly after Trump’s protectionist address – Reuters

LONDON European stocks and bond yields dropped on Monday and the dollar hit a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. World stocks hit multi-year highs earlier this month on expectations Trump would boost growth and inflation with […]

Trump’s biggest campaign promises face ‘Day 1’ test – Washington Post

WASHINGTON — As a candidate, Donald Trump made a slew of “Day One” promises that any president would find daunting. He declared that repealing and replacing his predecessor’s health care law would be “one of his first acts as president.” He released an 18-point plan for actions that would push forward sweeping ethics reforms and […]

Toyota in $3.4 Billion Settlement Over Corrosion in Some Trucks and SUVs – Wall Street Journal

Toyota Motor Corp. has agreed to pay up to about $3.4 billion to settle claims that certain of its trucks and sport-utility vehicles lacked proper rust protection, leading to premature corrosion of vehicle frames. The agreement is a substantial financial setback at a time when the Japanese auto giant’s record-breaking profit streak has slowed in recent […]

Here’s Why the Qualcomm-NXP Deal Makes Sense – Fortune

Qualcomm CEO Steve Mollenkopf sat out last year’s merger mania in the semiconductor market, even as his company’s core smartphone chip business slowed. But with expectations rising for a deal this year, Mollenkopf may have hit on one of the savvier acquisitions in the industry. By adding NXP Semiconductors for a total of $47 billion […]