Jim Zarroli

President Trump says a country is nothing without a steel industry. And while his tariffs have benefited the U.S. steel industry, his claims about a boom with new plants opening are exaggerated.

Stocks plunged again Thursday after Apple said its revenues were less than expected last quarter because of a decline in revenues in China. The news has a lot of investors worried.

After many years of flying high, mighty tech stocks have come tumbling down because of regulatory worries and slow growth. Their bad year affects companies that seemingly have nothing to do with tech.

With the Dow swinging up and down hundreds of points in a day, investors are feeling queasy. One economist says uncertainty in the stock markets may mean turbulence will continue in the new year.

It was something of a banner year for the economy. The U.S. enjoyed healthy growth and very low unemployment, but the stock market is on track to finish the year with its worst performance since 2008.

Federal government workers are on edge as a partial government shutdown could extend into the new year. Analysts say closing the government doesn't save taxpayers money, it actually costs them.

Two of Bernie Madoff's victims share how their lives were affected by the Ponzi scheme that imploded ten years ago. They recovered much of what they invested, but were still harmed by the scam.

The Federal Reserve ignored pressure from President Trump and announced Wednesday that it will raise its key interest rate a quarter of a point.

Stock prices fell sharply on Thursday as hopes for a lasting trade truce between the U.S. and China faded.

The bond market is worried the trade war, slowing global growth and a drop in oil prices are signs the economy is slowing and may be heading for a recession. Nervousness spilled over into stocks too.

China and the U.S. have until the end of March to come up with an agreement that would allow them to avoid a further escalation of the trade war. Neither side has been able to agree on an agenda.

President Trump and Chinese President Xi Jinping met Saturday night and announced a new deal to ease trade tensions.

German authorities raided the offices of Deutsche Bank in Frankfurt on Thursday morning. Police and federal prosecutors were apparently looking for evidence of money laundering.

Federal Reserve Chairman Jerome Powell said that the outlook for the U.S. economy remains solid and that interest rates are nearly within a "neutral" range, touching off a surge in stock prices.

General Motors is phasing out several models and ending production at five plants in North America. One of the models on the chopping block is the plug-in hybrid Chevy Volt.

The automaker General Motors says it is cutting 15 percent of its white-collar workforce. GM may also close as many as five plants in North America.

U.S. stocks tumbled on Tuesday, thanks to a technology industry selloff that crossed into other sectors. The stock market has been quite volatile over the past month.

There was a bloodbath in tech stocks. Companies like Apple depend on foreign markets and there are signs trade tensions are slowing growth in Europe and China. Apple and Facebook stocks have fallen.

Nissan Chairman Carlos Ghosn was arrested in Japan on Monday, reportedly on charges he misreported his own income.

California Rep. Maxine Waters has been a favorite target of President Trump and his supporters. Now she's in line to chair the House Financial Services Committee, where she could slow his agenda.