Foreign investment in the United States grew at a slower annual pace in the first two years of Trump’s tenure than during Barack Obama’s presidency, according to Commerce Department data released in July. Growth in business investment from all sources, foreign and domestic, accelerated briefly after Trump signed a $1.5 trillion tax-cut package in late 2017 but then slowed. Investment growth turned negative this spring, providing a drag on economic output. In Trump’s first two years in office, companies announced plans to relocate just under 145,000 factory jobs to the United States, according to data and modeling by the Reshoring Initiative, a nonprofit group. That is a record high in the group’s data, which dates back to the late 1980s, but it adds up to less than one month of average job gains in the United States in its decadelong expansion. More than half of those jobs — about 82,000 — were announced in 2017, before Trump’s tax cuts took … [Read more...] about Trump’s push to bring back jobs to US shows limited results
Sections SEARCH Skip to content Skip to site index Economy Log In Log In Today’s Paper Economy | Trump’s Push to Bring Back Jobs to U.S. Shows Limited Results Advertisement Supported by ByJim Tankersley Aug 13, 2019 WASHINGTON — From tax cuts to relaxed regulations to tariffs, each of President Trump’s economic initiatives is based on a promise: to set off a wave of investment and bring back jobs that the president says the United States has lost to foreign countries. “We have the greatest companies anywhere in the world,” Mr. Trump said at the White House recently. “They’re all coming back now. They’re coming back to the United States.” Mr. Trump’s tax cuts unquestionably stimulated the American economy in 2018, helping to push economic growth to 2.5 percent for the year and fueling an increase in manufacturing jobs. But statistics from the … [Read more...] about Trump’s Push to Bring Back Jobs to U.S. Shows Limited Results
In March Korean Investment Management bought a 5.08 per cent stake in Việt Capital Securities Joint Stock Company. — Photo tinnhanhchungkhoan Compiled by Thiên Lý The Vietnamese stock market now has many South Korean-owned securities companies following a series of acquisitions in recent years. In March Korean Investment Management bought a 5.08 per cent stake in Việt Capital Securities Joint Stock Company. Maritime Securities Company was renamed KB Securities Vietnam Company after KB Securities Co. Ltd spent US$33 million to purchase a 99.4 per cent stake of MSI. Nam An Securities Company was renamed Shinhan Securities Vietnam Company after it was taken over by a South Korean … [Read more...] about Vietnamese securities catch the eye of South Korean investors
Good intentions sometimes have harmful unintended consequences. This is the case for the Energy Innovation and Carbon Dividend Act (H.R. 763), reintroduced in the House of Representatives on Jan. 24. The goal of the act is to reduce and eventually eliminate America’s pollution from the “carbon content of fuels, including crude oil, natural gas, coal, or any other product derived from those fuels” and control climate change by charging a fee on carbon-emitting fuels “assessed at the mine, the well, or the port of entry.”Manufacturing processes require energy from fossil fuel to produce products and then transport products to customers. By imposing carbon fees on American manufacturers, this will increase the cost of business and raise prices for all domestic products, raising the cost of living for all Americans. According to the Carbon Pricing Leadership Coalition, the bill states that “fees must be deposited into a Carbon Dividend Trust Fund and … [Read more...] about Commentary: Why a carbon tax will hurt U.S.
By Megan Henney Published February 01, 2019 U.S. Economy FOXBusiness Facebook Twitter Comments Print video Federal Reserve: Manufacturing growth is moderating across the country FBN’s Jennifer Schonberger on the release of the Fed’s Beige Book and the state of the U.S. economy. Economic activity in the manufacturing sector expanded in January, bolstered by strong demand and output, according to the latest reading by the nation's supply executives. Continue Reading Below Last month, economic activity in the U.S. manufacturing sector climbed to 56.6 percent, an increase of 2.3 percentage points from the December reading of 54.6, according to the Institute of Supply Management (ISM). MORE FROM FOXBUSINESS.COM... US EMPLOYERS ADDED 304,000 JOBS IN JANUARY, SOARING PAST EXPECTATIONS THE NEW MILLENNIAL RETIREMENT DREAM "Exports continue to expand, but at the lowest level since the fourth quarter of 2016,” Timothy … [Read more...] about US manufacturing activity jumped in January