by Yimian Wu | Dec 3, 2015 | Business & Tech
WASHINGTON — Former New York City mayor Michael Bloomberg is pushing for a trading and clearing center in the United States for the renminbi, the Chinese currency, but experts say there are many hurdles before the American companies can trade and settle payments...
by Yimian Wu | Dec 3, 2015 | Business & Tech
WASHINGTON — Federal Reserve Chairwoman Janet Yellen expressed confidence in the U.S. economy Wednesday, signaling the Fed may increase interest rates in mid-December for the first time since the recession hit in 2008. The Federal Open Market Committee will meet...
by Yimian Wu | Dec 2, 2015 | Business & Tech
WASHINGTON — While economists are divided on whether Japan’s large-scale quantitative easing will revive its economy, they do expect the country’s current monetary stimulus effort will increase inflation more significantly than the last five-year attempt. The...
by Brian MacIver | Nov 26, 2015 | Business & Tech
WASHINGTON — It is legal to sell marijuana in 23 states. But pot businesses can’t deposit their money in banks because of federal banking laws. While the dilemma has been a back-burner issue in Congress for several years, a solution may be in the works. A...
by Traci Badalucco | Nov 2, 2015 | Business & Tech, Topics
WASHINGTON — It’s 5:30 a.m. when Chris Chinn’s alarm goes off. She pulls on her blue jeans, t-shirt and dark brown Ariat boots. On this particular day, she heads out to the feed mill to update the diet plan for her sows. By mid-afternoon, it’s time to bottle...
by Yimian Wu | Nov 2, 2015 | Business & Tech
WASHINGTON– San Francisco Federal Reserve President John Williams Friday called today’s low interest rates a “warning sign” that the Fed did not fully understand what’s happening in the economy. He also urged Washington to adopt a fiscal policy that would spur...
