NEW YORK (AP) — The number of millionaires in the United States is soaring. A report from Swiss bank UBS finds about 1 in 10 American adults now has a net worth of at least $1 million, with 1,000 new millionaires added every day last year. That milestone, once reserved for celebrities and CEOs, is…… MORE
WASHINGTON (AP) — President Donald Trump’s administration has proposed revoking a scientific finding that’s long been the central basis for U.S. action to regulate greenhouse gas emissions and fight climate change. The proposed Environmental Protection Agency rule rescinds a 2009 declaration that determined carbon dioxide and other greenhouse gases endanger public health. The “endangerment finding”…… MORE
WASHINGTON (AP) — A new analysis suggests President Donald Trump’s tariffs could increase factory costs by 2% to 4.5%. The analysis highlights potential challenges for domestic manufacturers relying on global supply chains just as the Republican president prepares to announce tariff hikes he says will boost the U.S. economy. While the U.S. stock market shows…… MORE
WASHINGTON (AP) — Two top Federal Reserve officials could dissent from the central bank’s likely decision Wednesday to hold its key interest rate steady, a sign of division reflecting the economy’s muddy outlook as well as the jockeying to replace Chair Jerome Powell when his term ends next year. The division could be a preview…… MORE
OMAHA, Neb. (AP) — Union Pacific is seeking to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U.S, and potentially trigger a final wave of rail mergers across the country. The proposed merger, announced Tuesday, would marry Union Pacific’s rail network in the West with Norfolk’s…… MORE