ECONOMY

Workers makes shoes at a factory in Jinjiang, in southeast China's Fujian province. Nearly all shoes sold in the U.S. are foreign-made. China's share has declined, but it's still a major source.

Why The American Shoe Disappeared And Why It's So Hard To Bring It Back

11:08am June 19, 2019

by Alina Selyukh

Footwear companies face big costs in potential new tariffs on more Chinese imports. Almost all shoes sold in the U.S. are made overseas. Only about 200 factories remain. One man tried to change that.

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Facebook says it will launch a new cryptocurrency called Libra and a digital wallet called Calibra in 2020.

Economy

Facebook Unveils Libra Cryptocurrency, Sets Launch For 2020

1:34pm June 18, 2019

by Bill Chappell

Libra will be controlled by a nonprofit group in which Facebook will share responsibilities with companies ranging from Mastercard and PayPal to Uber and eBay.

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Apple's Scary Buying Power And The Woman Who Named It

8:33am June 18, 2019

by Greg Rosalsky

Celebrating the legacy of Joan Robinson, the British economic theorist who named a powerful — and increasingly worried about — force in the economy.

Denver Apparel Company Executive To Testify Against Planned Tariffs On Chinese Import

5:10am June 18, 2019

Noel King talks to Gail Ross, COO of Krimson Klover, about what she plans to say during public hearings on the Trump administration's proposal to place additional tariffs on Chinese imports.

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Economy

Businesses Ask That Latest Plan For U.S. Tariffs On China Be Scrapped

5:10pm June 17, 2019

by Jim Zarroli

President Trump has threatened to impose tariffs on an additional $300 billion worth of Chinese goods. This would mean that just about everything imported from China would be hit with a sharp levy.

Sotheby's says its board has accepted a purchase offer from telecom billionaire Patrick Drahi. Here, the auction house's headquarters are seen on Manhattan's Upper East Side.

Sotheby's Announces Its Biggest Sale — Itself — For $3.7 Billion

1:29pm June 17, 2019

by Bill Chappell

The deal puts the auction house, which was founded in 1744, on a path to becoming a private company again.

U.S. Trade Office To Hold Hearings On Planned Tariffs On China

7:19am June 17, 2019

by Scott Horsley

Starting Monday, the U.S. trade office holds 7 days of hearings on President Trump's plan to add new tariffs to imports from China. U.S. businesses will be able to speak out for or against the plan.

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Workers produce vehicles at Volkswagen's U.S. plant in Chattanooga, Tenn. Some 1,600 workers have narrowly voted against unionizing the plant, the second time an effort to unionize the plant has failed in recent years.

Economy

Tennessee Workers Reject Union At Volkswagen Plant — Again

7:56pm June 15, 2019

by Bobby Allyn

The outcome at the Chattanooga plant is the latest blow against organized labor in the South, where union advocates have tried for years to strengthen representation in auto facilities.

Customers abandoned their carts after the cash registers failed at a Target location in Washington, D.C.

Economy

Target Cash Registers Back Online After Chaotic Nationwide Tech Failure

6:13pm June 15, 2019

They were reopened after the company resolved a computer problem, but for two hours, shopping carts across the country were stopped in their tracks and Twitter had a field day.

Two white steel pulleys are part of a $16 million ride going up in eastern China's newest military-themed amusement park, Sun Tzu Cultural Park. They'll be shipped to the Qingdao port southeast of Beijing, where customers will have to pay a newly imposed

A Not-So-Thrilling Ride For U.S.-Made Roller Coasters

12:53pm June 14, 2019

by Rebecca Ellis

China is a big customer for U.S.-made roller coasters. But since President Trump's trade war, China has imposed steep tariffs on American rides. Some in the industry fear losing a lucrative market.

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