Economy

Defending Michigan’s Auto Industry, Whitmer Warns of Tariff Risks

Defending Michigan’s Auto Industry, Whitmer Warns of Tariff Risks

Gov. Gretchen Whitmer of Michigan, a leading Democrat from a critical battleground state, on Wednesday subtly warned against President-elect Donald J. Trump’s tariff threats targeting Canada, even as she stressed her broader willingness to work with him on the cusp of his second inauguration. Her speech, at the Detroit Auto Show, offered among the clearest examples yet of how Democrats …

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Annual UK house price growth accelerated in November – ONS

Annual UK house price growth accelerated in November – ONS

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth Annual house price growth accelerated to reach 3.3% in November, according to official figures. The annual growth rate …

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Economic Toll of Los Angeles Fires Goes Far Beyond Destroyed Homes

Economic Toll of Los Angeles Fires Goes Far Beyond Destroyed Homes

After decades of mounting damage from climate-fueled natural disasters, researchers have compiled many misery-filled data sets that trace the economic fallout over weeks, months and years. The fires still burning in Los Angeles are sure to rank among America’s most expensive — but there is no perfect analogue for them, making it difficult to forecast the ultimate cost. The main …

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Spain plans for 100% property tax in blow for UK buyers

Spain plans for 100% property tax in blow for UK buyers

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth Plans for an “extreme” hike in property taxes in Spain will be a blow to buyers from the …

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The California FAIR Plan Faces Crucial Insurance Test

The California FAIR Plan Faces Crucial Insurance Test

It’s too soon to know how the Los Angeles fires will change life in California, but it may heavily depend on the answer to a single question: Will a once-obscure insurance program run out of money? That program, the California FAIR Plan, was created by state lawmakers in 1968 to cover people who couldn’t get standard home insurance for various …

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Biden Administration Adds 37 Chinese Companies to Forced Labor List

Biden Administration Adds 37 Chinese Companies to Forced Labor List

The Biden administration said on Tuesday that it would block imports from more than three dozen Chinese companies, citing their alleged ties to forced labor in the Xinjiang region of China. The administration’s move is the single largest batch of additions to a list of companies that are barred from bringing products into the United States because of concerns about …

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