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Economic news - CNNMoney.com



CNNMoney.com, the business website of CNN, combines business news and in-depth market analysis with practical advice and answers to personal finance questions.



Published: Wed, 18 Jan 2017 20:03:14 EST

Copyright: © 2017 Cable News Network LP, LLLP.
 



Yellen: U.S. is near 'maximum employment'

Wed, 18 Jan 2017 15:05:08 EST

Federal Reserve Chair Janet Yellen gave her outlook on monetary policy days before Donald Trump becomes president.(image)



2,000 GM workers to lose jobs on Trump Inauguration Day

Wed, 18 Jan 2017 10:43:51 EST

Read full story for latest details.(image)



Larry Summers: Trump's policies will kill more jobs than they save

Wed, 18 Jan 2017 12:08:41 EST

A former Treasury secretary said Donald Trump's populist polices will end up hurting his voters.(image)



China's first freight train to the U.K. arrives in London

Wed, 18 Jan 2017 12:21:27 EST

The China Railway Express left from the eastern Chinese city of Yiwu on Jan. 1(image)



Banks begin moving thousands of jobs out of Britain

Wed, 18 Jan 2017 12:11:16 EST

Britain's banking sector is bracing for a beating after Prime Minister Theresa May revealed that she wants a compete break with the European Union.(image)



Trump takes credit for saving Monsanto jobs, but ...

Tue, 17 Jan 2017 15:54:51 EST

Read full story for latest details.(image)



U.S. business in China cries foul on Xi's free trade talk

Wed, 18 Jan 2017 07:36:37 EST

Chinese President Xi Jinping is championing free trade, but U.S. companies that do business in his country don't buy it.(image)



Trump commerce pick once blasted 'protectionist monster mindset,' 'mindless China bashing'

Tue, 17 Jan 2017 17:50:24 EST

Wilbur Ross, Donald Trump's pick to be Commerce Secretary, criticized in 2007, politicians, who, he said, mindlessly bashed China in order to pander to voters.(image)



Minimum wage since 1938

Fri, 09 Dec 2016 17:51:58 EST

When the federal minimum wage first became law in 1938, it was 25 cents. Adjusted for inflation, that would be worth $4.19 today. Scroll over the chart to see historical minimum wage amounts, and their corresponding values in today's dollars.(image)



Deutsche Bank finalizes $7.2 billion settlement

Tue, 17 Jan 2017 18:42:21 EST

The Department of Justice on Tuesday cemented a $7.2 billion settlement with the Deutsche Bank for selling toxic mortgage-backed securities in the years before the market meltdown of 2008.(image)



Countries with higher wages than the U.S.

Fri, 09 Dec 2016 17:53:53 EST

Some Republicans say high wages in the U.S. are hurting America's global competitiveness. See the countries where wages are even higher.(image)



Billionaire Wilbur Ross auditions before Congress

Tue, 17 Jan 2017 20:03:34 EST

Wilbur Ross is likely to face tough questions during his Senate confirmation hearing about the muscular trade agenda President-elect Donald Trump hopes will resurrect U.S. manufacturing.(image)



Dems vow fight if Trump fires consumer protection chief

Tue, 17 Jan 2017 14:05:24 EST

Senator Elizabeth Warren warned the incoming Trump administration that she and other Democrats would fight a move to fire the head of the Consumer Financial Protection Bureau, which she helped create.(image)



Britain gambles on free trade deal with Europe

Wed, 18 Jan 2017 06:07:05 EST

Read full story for latest details.(image)



Trump trade talk sends dollar lower

Tue, 17 Jan 2017 17:44:37 EST

President-elect Donald Trump criticized the House GOP tax reform plan, which sent the dollar down against many major currencies.(image)



Even as they repeal Obamacare, Republicans still have to fund it

Tue, 17 Jan 2017 06:20:16 EST

Congressional Republicans will have to spend billions on Obamacare subsidies, even as they move to repeal the law.(image)



Chinese President Xi Jinping: No one can win a trade war

Tue, 17 Jan 2017 08:13:24 EST

Xi Jinping has mounted a robust defense of free trade and global investment at the World Economic Forum in Davos.(image)



Trump aide: Stop freaking out about his comments

Wed, 18 Jan 2017 03:16:29 EST

Transition team member Anthony Scaramucci says the president-elect's communication style may upset the establishment but it's what people want.(image)



Here's the plan Trump's health secretary pick doesn't want to discuss

Tue, 17 Jan 2017 08:36:58 EST

Tom Price, Donald Trump's choice as Secretary of the Department of Health and Human Services, already has a plan to replace Obamacare. But he may not want to discuss it at his confirmation hearing on Wednesday.(image)



The euro cannot survive unless Europe changes

Tue, 17 Jan 2017 08:45:02 EST

Read full story for latest details.(image)