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THE UNITED STATES merchandise-trade deficit unexpectedly grew in August to $75.8 billion. / BLOOMBERG NEWS

Tariffs start to drag on U.S. economy as trade deficit widens

NEW YORK - Fresh data on the United States economy show President Donald Trump’s escalating trade war is shaping up as a clear drag on...
UNITED STATES GROSS DOMESTIC PRODUCT increased at an unrevised 4.2 percent annnualized rate in the second quarter of 2018. / BLOOMBERG NEWS FILE PHOTO/TIM RUE

U.S. economy grew at unrevised 4.2% pace in Q2

NEW YORK - The United States economy grew in the second quarter at an unrevised 4.2 percent pace, the fastest since late 2014, indicating a...
THE FEDERAL RESERVE raised federal interest rates a quarter-point, boosting the benchmark federal funds rate to a target range of 2 percent to 2.25 percent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed raises rates and says more coming, brushing off Trump jabs

NEW YORK - Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into...
CONNECTICUT owners of so-called pass-through businesses currently have a workaround to the federal $10,000 SALT deduction limit due to a state law passed earlier this year. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Connecticut’s SALT bypass offers hidden perk for money managers

NEW YORK - Hedge fund and private equity managers in Connecticut may have more to like about the state’s novel workaround for a new cap...

Does FEC care about campaign violations?

The Federal Election Commission would prefer not to know. On a party-line vote, the FEC has voted not to pursue enforcement action against the...

Feds use offshore-drilling money for conservation, R.I. gets nearly $1M

PROVIDENCE – Rhode Island is getting nearly $1 million in federal money – much of it from selling offshore-drilling rights – to pay for...
CHINA RESPONDED to the most recent round of tariffs from President Donald Trump with retaliatory tariff action against $60 billion of U.S. goods. / BLOOMBERG NEWS FILE PHOTO/OILAI SHEN

China strikes $60B of U.S. goods in widening trade war

NEW YORK - China announced it will take retaliatory tariff action against $60 billion of U.S. goods, sharply escalating the trade war as the Trump...
THE TRUMP ADMINISTRATION announced another round of tariffs that will affect roughly $200 billion in Chinese goods. / BLOOMBERG FILE PHOTO/QILAI SHEN

Trump ratchets up tariff pressure on China with $200B hit

NEW YORK - The Trump administration will slap a 10 percent tariff on about $200 billion in Chinese goods next week, and more than double...

Public interest groups get more time to review rewrite of Volcker...

PROVIDENCE – Federal regulators are giving the public an extra month to review and provide input on proposed changes to the so-called “Volcker Rule”...
AS THE PERIOD FOR comment on a planned $200 billion of tariffs on Chinese goods ended, it was said that President Donald Trump is willing to meet with Chinese leader Xi Jinping as the two nations square off. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN

Kudlow says U.S. willing to talk with China as tariffs loom...

NEW YORK - President Donald Trump is willing to meet with Chinese leader Xi Jinping as the two nations square off over trade, but...
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