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January, 21, 2017

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Business > Americas
American consumers and businesses would pay -- literally -- if President-elect Donald Trump followed through on his campaign pledge to slap big taxes on imports from China and Mexico.
 
US household debt up slightly in third quarter
Household debt increased slightly in third quarter, but delinquency rates are on the rise with an especially troubling trend in auto loans, the New York Federal Reserve said Wednesday.
 
'Twelve Days of Christmas' now costs US$34,363
The slow recovery of the U.S. economy is continuing to keep the cost of Christmas -- or at least the gifts listed in "The Twelve Days of Christmas" -- from spiraling out of control.
 
Prince's estate is worth about US$200 million, a new court filing suggests. It's the first time a specific estimate has emerged publicly from court proceedings following Prince's April overdose death.
 
As Gov. John Kasich announced a US$15 million investment in advanced self-driving highway technology on Wednesday, he urged Ohioans to push back against old ideas about the state.
 
The IRS is seeking the names of people who may have avoided paying taxes on virtual currency exchanged through a San Francisco company.
 
The Hawaii Tourism Authority says the number of travelers to the islands increased 4.3 percent in October compared to the same month last year, setting a record for the month.
 
Canada PM approves controversial pipeline to Pacific Coast
Canadian Prime Minister Justin Trudeau on Tuesday approved one controversial pipeline from the Alberta oil sands to the Pacific Coast, but rejected another.
 
Protesters calling for minimum wage rise arrested
Dozens of people were arrested Tuesday as they participated in protests nationwide for a US$15 per hour minimum wage.
 
Air conditioning company Carrier said Tuesday that it had reached a deal with President-elect Donald Trump to keep nearly 1,000 jobs in Indiana. Trump and Vice President-elect Mike Pence planned to travel to the state Thursday to unveil the agreement alongside company officials.
 
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