Tariffs on Chinese goods now in effect

When the clock stuck midnight, U.S. tariffs on $34 billion in Chinese imports took effect. Beijing vowed to respond immediately in kind, the two biggest economies are on a collision course for a full-blown trade war. China’s customs authority said China will levy tariffs on 545 items worth $34 billion in response to U.S.’ tariffs, according to…

Truck orders surge as economy heats up

There may be a mounting driver shortage in the trucking industry, but that isn’t slowing demand for big rigs – signaling strength in the U.S. economy. Orders reached 42,200 in June, up more than 18% month-over-month, according to ACT research, as reported by The Wall Street Journal. That figure is more than two times what it was…

Tips to save money as gas prices soar

Gas prices are expected to surge above $3 a gallon, just in time for the busy summer driving season. But there are several ways drivers can keep their fuel spending in check. AAA estimates that consumers will pay the highest Memorial Day gas prices since 2014. The national average for regular gasoline has risen to…

Sears to close 72 stores in near future

Sears Holdings has identified approximately 100 non-profitable stores and will close 72 of them in the near future. The stores destined for closure have not yet been revealed, but the company said it would identify them by mid-day. The company said that it came to the decision as part of their ongoing efforts to streamline…

China tariffs could undermine US-North Korea progress

The proposed U.S. tariffs on more than 1,300 Chinese products could turn the rising tensions between Washington and Beijing into more of a geopolitical than economic issue and undermine progress with North Korea. President Donald Trump’s administration published on Tuesday a proposed list of imported Chinese products that could face additional tariffs, which it said…

Nearly 51 Million Americans to Travel This Thanksgiving, Highest Volume in a Dozen Years

AAA projects 50.9 million Americans will journey 50 miles or more away from home this Thanksgiving, a 3.3 percent increase over last year. The 2017 holiday weekend will see the highest Thanksgiving travel volume since 2005 with 1.6 million more people taking to the nation’s roads, skies, rails and waterways compared with last year. AAA…

Mass Layoffs Coming to ESPN

ESPN will lay off more than 100 employees later this month, according to a Thursday report in Sports Illustrated. The layoffs will affect a wide range of staffers, from on-camera personalities to employees in the technology department, but SportsCenter will be the hardest hit, SI reports. This isn’t the first time the network has had…

KEEPING HIS WORD: Trump Reaches Deal With Carrier to Keep 1,000 Jobs in US

President-elect Donald Trump seems to already be making good on his campaign promise to work to keep manufacturing jobs in the United States. His incoming administration and United Technologies (UTX) reached an agreement that will keep roughly 1,000 jobs at Carrier Corporation in Indiana. Carrier, owned by UTX, had plans to move production from a…