business news
Trump Just Blinked, Giving China A Possible Edge In Trade War, Jim Chanos And Others Say
AMERICA - Published date: .
"Tell me why Xi should not continue to wait out The World's Greatest Negotiator, who keeps 'dealing' with himself?" says... Read more
Consumer Price Inflation Rises Amid Increases In Gas And Housing Costs
AMERICA - Published date: .
The rise in inflation will likely do little to change expectations that the Fed will cut rates again next month amid wor... Read more
Main Yield Curve Inverts As 2-year Yield Tops 10-year Rate, Triggering Recession Warning
AMERICA - Published date: .
A recession occurs, on average, 22 months following such an inversion, according to Credit Suisse. Read more
US Services Growth Slows To Weakest Level Since 2016: ISM
AMERICA - Published date: .
The Institute for Supply Management (ISM) said its non-manufacturing activity index fell to 53.7 from 55.1 the month bef... Read more
Morgan Stanley: If The Trade War Escalates, A Recession Will Be Here In 9 Months
AMERICA - Published date: .
Morgan Stanley explains why "we will enter recession in 3 quarters" if the trade war continues to escalate. Read more
China Reportedly Halts US Agricultural Imports In Retaliation For Trump's Tariff Increase
AMERICA - Published date: .
China has halted imports of U.S. agricultural products, escalating the trade war between the world's two largest economi... Read more
US And China Will Not Likely Reach A Trade Deal This Year, Says Former Ambassador
AMERICA - Published date: .
President Donald Trump's latest tariff threat is "a step away from a solution," said Frank Lavin, a former U.S. ambassad... Read more
Trump Reportedly Overruled Advisors In Decision To Slap Tariffs On Remaining Chinese Imports
AMERICA - Published date: .
Nearly everyone at an Oval Office meeting objected to Trump's decision to impose additional tariffs, according to The Wa... Read more
Jobs Report Shows Labor Market Solid As Economy Faces New Trade Threats
AMERICA - Published date: .
July's employment report shows the labor market remains solid, while business investment has turned more cautious due to... Read more
Fed's Rate Cutting Helps Provide Cover For Trump To Wage The Trade War
AMERICA - Published date: .
The president's move to intensify the trade dispute with China comes with an important backstop. Read more
US Consumer Sentiment Index Hits 98.4 In July, Slightly Topping June Numbers
AMERICA - Published date: .
The University of Michigan's final print on its consumer sentiment index for July came in at 98.4, matching its mid-mont... Read more
Trade Deficit Remains Stubbornly High Amid Escalating Global Tensions
AMERICA - Published date: .
The U.S. deficit with its global trading partners edged lower in June but was bigger than expected. Read more
Payrolls Rise 164,000 As Labor Force Sets A Record High
AMERICA - Published date: .
Payroll growth rose in line with expectations in July and the unemployment rate remained at 3.7%. Read more
Trump To Make EU Trade Announcement On Friday, According To The White House
AMERICA - Published date: .
U.S. President Donald Trump will make a trade announcement about the European Union later on Friday, according to a noti... Read more
Jobs Report Should Show Solid But Slower Trend Of Hiring
AMERICA - Published date: .
The economy is expected to have added 165,000 jobs in July, a drop of about 60,000 from June and possibly the start of a... Read more
Trump's New Tariffs On China Might Shrink The Global Economy, Says Bank CEO
AMERICA - Published date: .
"It's not good for Asia's economy, it's not good for China, but it's also not good for the U.S., because ultimately, we ... Read more
Beijing Responds To Trump's New $300 Billion Tariff Threat
AMERICA - Published date: .
China's foreign ministry reportedly said Friday that while Beijing did not want a trade war with the U.S., it was not af... Read more
Goldman: Here's China's Likely Next Step To Trump's New Trade Threat
AMERICA - Published date: .
U.S. President Donald Trump on Thursday said Washington will apply 10% tariffs on $300 billion of Chinese goods starting... Read more
Trump's New Tariffs Show He's Reading China All Wrong, Risk Consultancy Warns
AMERICA - Published date: .
President Donald Trump's threat to impose 10% tariffs on another $300 billion of Chinese goods is a serious gamble, Eura... Read more
'It's Unclear What The End Game Is,' Former US Ambassador Says Of Trump's Trade War With China
AMERICA - Published date: .
President Trump has been "wildly unpredictable" and it's not clear what the end game for the trade war is, says ex-U.S. ... Read more