economy

 
 

Trump Economy: Exxon Investing $50 Billion Into US Properties Over Next 5 Years

  Exxon Investing $50 Billion Into US Properties Over Next 5 Years Tim Pearce Energy Reporter ExxonMobil announced Monday it is investing $50 billion in the U.S. over the next five years, after President Donald Trump signed major tax reform legislation last year. “Several companies have announced plans to invest here at home, partly as a result of tax reform, which among other things reduced one of the highest corporate tax rates in the developed world,” Exxon CEO Darren Woods wrote in a blog post. “These positive developments will meanRead More


America First: One By One European CEOs Tell Trump They Are Investing Billions Back In The US

  America First: European CEOs Go One By One To Tell Trump They Are Investing Billions Back In The US Benny Johnson Reporter At Large President Donald J. Trump hosted a dinner with European business leaders and CEOs at the World Economic Forum in Davos, Switzerland Thursday evening. Trump has been making the rounds in Davos, holding bilateral meetings with other world leaders and conducting business roundtables. Trump met with various business leaders in shadow of the recent economic boom in America. In a stunning moment, one by one, EuropeanRead More


Unemployment Claims Drop To Lowest Number In 45 years

  Unemployment Claims Drop To Lowest Number In 45 years Henry Rodgers Political Reporter The total number of workers claiming unemployment insurance fell to the lowest level in 45 years, the Department of Labor (DOL) reported Thursday. In the first two weeks of 2018, the number of applications claiming unemployment insurance benefits dropped from 41,000 to 220,000, the lowest recorded number since Feb. 24, 1973, when the number was 218,000, the DOL reported. The numbers came out one week after the DOL announced the total number of workers who actuallyRead More


Trump: Tax Reform Will Be ‘Rocket Fuel’ For The Economy

  Trump: Tax Reform Will Be ‘Rocket Fuel’ For US Economy Alex Pfeiffer White House Correspondent WASHINGTON — President Donald Trump spoke to a large group of manufacturers Friday and pitched his proposed tax reform as “rocket fuel” for the American economy. “Under my administration, the era of economic surrender is over – and the rebirth of American industry has begun,” Trump said in his remarks to the National Association of Manufacturers (NAM). The While House unveiled a tax framework this week that would reduce the amount of individual taxRead More


Taiwan-Based Technology Group Foxconn To Invest Billions In Michigan

  Taiwan-Based Foxconn To Invest Billions In Michigan Ted Goodman Taiwan-based Foxconn Technology Group, the world’s largest contract manufacturer of consumer electronics, is reportedly planning a multibillion dollar investment in Michigan. The investment, first reported by the South China Morning Post, comes a week after the electronics giant announced a $10 billion plant in Wisconsin. The new investment will focus on automated vehicle technology, according to Foxconn founder Terry Gou. The news comes as Michigan Republican Gov. Rick Snyder continues a nine-day trade mission in China. Snyder met with ChairmanRead More