Treasury Secretary Mnuchin: It will probably take 2 years to get to 3% growth

Treasury Secretary Steven Mnuchin said Monday that it will probably take two years to get to 3 percent growth. He was speaking on stage in an interview with Maria Bartiromo of Fox Business News at the Milken Institute Global Conference in Los Angeles, California....

Trump won’t sell out US workers to get China’s help on North Korea, says Wilbur Ross

President Donald Trump did not mean to suggest that he’d trade away American jobs to try to persuade China to help the U.S. defuse rising tensions with North Korea, Commerce Secretary Wilbur Ross told CNBC on Monday. Ross, a billionaire who made his fortune...

There’s a good chance Apple will introduce its Amazon Echo competitor in June, says analyst

Apple may finally kick the tires on its first smart home assistant in June. “There is an over 50 percent chance that Apple will announce its first home AI product at WWDC in June,” KGI Securities analyst Ming-Chi Kuo said in a note to investors obtained by...

US factory activity slows; inflation pressures subside

U.S. factory activity slowed in April while consumer spending was unchanged in March and a key inflation measure recorded its first monthly drop since 2001, but economists still expect an interest rate increase in June as the labor market tightens. The weak reports on...

Grocery stores devote more space to fresh food, threatening big-name brands

Supermarkets today are picking fresh food, hot dishes and locally made items to display throughout stores, with shelf space devoted to dry goods on the decline, The Wall Street Journal reported. New Jersey-based ShopRite, for example, is building new stores that have...