U.S. Economy

Hawaii wildfires caused up to $6 billion in economic losses, Moody’s estimates

The catastrophic wildfires in Maui, Hawaii, have caused between $4 billion and $6 billion in economic losses, according to an…

Recalled baby products sold on Facebook draw the ire of powerful committee in Congress

WASHINGTON — House lawmakers cited the continuing sale of recalled baby products linked to infant deaths on Meta‘s Facebook in…

Biden vows Maui will decide how to rebuild after wildfires, promises to help ‘as long as it takes’

President Joe Biden on Monday vowed that the people of Maui will determine how the devastated town of Lahaina is…

Top Republican China hawk says White House investment restrictions fall short

WASHINGTON — A leading House Republican voice on the national security threat posed by China said the White House’s plan…

Judge denies Trump request to delay E. Jean Carroll case, clearing path for January trial

WASHINGTON — A U.S. federal judge on Friday denied former President Donald Trump’s fourth attempt to delay the trial date in a…

Hawaii wildfires: ATF team with electrical engineer investigating cause of deadly blaze

The Bureau of Alcohol, Tobacco, Firearms and Explosives is deploying a team that includes an electrical engineer to investigate the…

Maui emergency chief resigns after defending decision to not activate sirens during wildfire

The head of Maui County’s emergency management agency resigned on Thursday, a day after he defended his decision to not…

Hawaii tapping outside investigator as wildfire response scrutiny grows

Hawaii will hire an independent investigator to look into how state and local agencies responded to catastrophic wildfires that have…

Treasury sanctions Russian FSB operatives in 2020 poisoning of opposition leader Alexei Navalny

WASHINGTON — The U.S. Department of the Treasury on Thursday issued new sanctions against Russian security operatives for the 2020…

China’s economic model is ‘washed up on the beach,’ says veteran investor David Roche

China’s economic model is “washed up on the beach” and “not going to take off again,” which will have a…