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Trump seeks to slash $3.6 trillion of government spending in budget

WASHINGTON U.S. President Donald Trump wants lawmakers to slash $3.6 trillion in government spending over the next decade, taking aim in his first budget plan at healthcare and food assistance programs for the poor while boosting the military. | Video

Recent Business News

OPEC set to prolong oil output cuts by nine months

VIENNA OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.

12:20pm EDT

Apple and Nokia see deeper partnership after ending patent dispute

HELSINKI Apple has settled a patent dispute with Finnish telecom equipment maker Nokia and agreed to buy more of its network products and services, sending Nokia shares up 7 percent. | Video

1:18pm EDT

CEOs of Target, ADM offer differing views on U.S. border tax at hearing

WASHINGTON The chief executive officers of two major American companies - retailer Target Corp and agribusiness Archer Daniels Midland Co - offered opposing views in a hearing before U.S. lawmakers on Tuesday on a proposed border adjustment tax.

Politics, Election 2016 1:34pm EDT

U.S. carmaker lobby wants rules of origin left intact in NAFTA talks

WASHINGTON A powerful U.S.-based automakers group said on Tuesday that it favors keeping rules of origin intact in the North American Free Trade Agreement (NAFTA), echoing comments from its Mexican counterpart.

12:15pm EDT

Kashkari adds to dovish caution on rate hikes at Fed

MINNEAPOLIS Minneapolis Federal Reserve Bank President Neel Kashkari said Tuesday that while the U.S. economy is closer now than it was in March to full employment, he still does not know "if we are there yet," and that the recent decline in core inflation is "concerning."

12:59pm EDT

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