business news

Trump keeps making a wildly misleading claim about trade between the US and Canada

President Donald Trump says new tariffs on steel and aluminum are needed because of “large trade deficits with Mexico and Canada.” The US does not have a trade deficit with Canada. The US does have a trade deficit in goods, but it makes up for that deficit with a surplus …

business news

Car dealers have a stern warning about the risks from Trump’s tariffs

US car dealers warn President Donald Trump’s proposed tax on imported European vehicles would raise prices for consumers.  “More tariffs won’t help American businesses or families,” says Cody Lusk, president of the American International Automobile Dealers Association. Trump has vowed not to back down despite opposition from his own party …

business news

Taco Bell’s ex-CEO has officially taken over as Chipotle’s top executive — here are the changes to expect (CMG)

On Monday, Taco Bell’s former CEO officially took over as Chipotle‘s top executive. While both Taco Bell and Chipotle serve burritos, the chains are extremely different. The new CEO could bring changes such as new menu items, breakfast burritos, more advertising, and boozy drinks to Chipotle. Chipotle’s new CEO is …

business news

14 states that still haven’t fully recovered from the housing crash

American households lost $16 trillion in net worth because of the housing and credit crisis of the late 2000s, according to CoreLogic. Since then, there’s been a long and slow slog to recovery. Compared to the peak of the national housing market in 2006, US home prices are about 1% …

business news

BAML: There are 2 catalysts that can make this the ‘greatest bull market of all time’

Bank of America Merrill Lynch has identified what it views as the two catalysts that can keep the almost nine-year bull market going strong. The current run is already the second-longest ever, and it needs to go roughly 1,200 more days without a 20% drop to become the king of …