business news


ISM Manufacturing Index Falls To 51.2 In July; Construction Spending Down 1.3% In June

AMERICA - Published date: .

The U.S. manufacturing sector expanded in July, but the pace of growth decelerated to its weakest in nearly three years. Read more

Gauge Of US Manufacturing Hits Lowest Since September 2009, Raising Concerns About The Economy

AMERICA - Published date: .

The IHS Markit Manufacturing Purchasing Managers' Index fell to 50.4 in July. Read more

Goldman Sachs: One More Rate Cut And Then The Fed Is Done

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Goldman Sachs gives an 80% probability of another rate cut this year to wrap up the Fed's easing cycle. Read more

US Weekly Jobless Claims Rise Moderately

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The number of Americans filing applications for unemployment benefits increased last week. Read more

Economists Who Predicted The Fed Rate Cut Are Now Utterly Confused About What's Next

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The Federal Reserve delivered its first rate cut since 2008 but Wall Street economists disagree about what happens next. Read more

Ron Insana: Trump's Fed Tampering Is A Bigger Economic Threat Than Interest Rates At These Levels

AMERICA - Published date: .

None of the domestic data suggests that emergency measures are called for here. The Fed should save some ammunition, Ins... Read more

Kamala Harris Argues Trump's 'trade Tax' Pushed The Fed To Cut Interest Rates

AMERICA - Published date: .

In the second Democratic presidential debate in Detroit, Kamala Harris argues that Trump failed to follow through on pro... Read more

Powell Says Fed Will Never Move Rates Because Of Political Factors Or To Prove Its Independence

AMERICA - Published date: .

Federal Reserve Chairman Jerome Powell said the central bank's rate decision was not a result of political pressure. Read more

Fed Chairman Powell Says Rate Move Was A 'midcycle Adjustment,' Hinting More Cuts Not A Guarantee

AMERICA - Published date: .

Federal Reserve Chairman Jerome Powell said the central bank's rate cut was part of an ongoing move to adjust to economi... Read more

Chances Of A September Fed Rate Cut Increase

AMERICA - Published date: .

Traders now see a bigger chance of another rate cut by the Federal Reserve in September after it lowered interest rates ... Read more

Two Fed Officials Disagree With Decision To Cut Interest Rates

AMERICA - Published date: .

Two FOMC members disagreed with the central bank's decision to cut interest rates Wednesday. Read more

Here's What That Fed Rate Cut Means For Your Finances

AMERICA - Published date: .

Everything from credit cards to car loans are generally based on a benchmark rate, which in turn is influenced by the Fe... Read more

US-China Trade Talks Resume In Shanghai With Tempered Expectations

AMERICA - Published date: .

U.S. and Chinese trade negotiators are not showing any urgency ahead of their first official in-person meeting since the... Read more

Former Fed Chair Janet Yellen Says She's In Favor Of An Interest Rate Cut

AMERICA - Published date: .

Former Federal Reserve Chair Janet Yellen said she supports a 25-basis-point cut in the U.S. benchmark interest rate due... Read more

The Fed Is About To Cut Rates For The First Time Since 2008 As Trade War Weighs On Economic Growth

AMERICA - Published date: .

The Fed is expected to cut rates by a quarter point, in a preventative move aimed at limiting the impact of trade wars o... Read more

Recount Shows Trump Didn't Get His 3% Growth In 2018 After All

AMERICA - Published date: .

The government's latest update on economic output dashed the Trump administration's longstanding hope for 3% GDP growth ... Read more

Strong Consumer Spending Vs. Weak Business Investment: What Really Matters For The US Economy

AMERICA - Published date: .

U.S. consumer spending, the biggest part of the economy, saved the day for the record-long expansion, but a big decline ... Read more

Fed Expected To Cut Rates As Economy Feels Trade War Impact, Despite Strengthening Consumer

AMERICA - Published date: .

The Fed is expected to cut interest rates Wednesday, after second quarter GDP shows inflation is still sluggish and trad... Read more

GDP Slows To 2.1% In Second Quarter But Beats Expectations Thanks To Strong Consumer

AMERICA - Published date: .

Growth decelerated in the second quarter, but not by as much as Wall Street thought. Read more

US Growth Could Be Weakest In More Than Two Years But Latest Data Might Not Affect Fed's Next Move

AMERICA - Published date: .

The GDP report will likely have little bearing on the Fed when it holds its rates meeting next week. Read more