Category: Economy

US weekly jobless claims total 214,000, in line with expectations

New applications for U.S. unemployment fell slightly last week and the number of Americans receiving benefits remained at a 45-year low as strong labor market conditions...

European stress test 2018 results revealed

Daniel Roland | AFP | Getty Images Daniele Nouy, Chair of the Supervisory Board of the Single Supervisory Mechanism, SSM, of the European Central Bank, ECB. Results of...

Alan Greenspan says Sweden may hold the answer to America’s looming entitlement crisis

With spending on entitlement programs a major talking point for both Democrats and Republicans ahead of midterm elections, former Federal Reserve Chairman Alan Greenspan...

‘We feel good about where the consumer is in the US’

The U.S. consumer is in good shape, Michele Buck, chief executive officer at The Hershey Company, said on Wednesday, becoming the second CEO in as many days to tell CNBC...

Bank of England’s Carney says UK system ready for ‘cliff-edge’ Brexit

The U.K.’s banking system is prepared to handle a much worse outcome from Brexit than is likely to happen, Bank of England Governor Mark Carney said Friday....

Some CEOs may be using China tariffs as an excuse

Some American companies could be using China‘s retaliatory trade tariffs as an excuse for their own poor quarterly performances, White House economic advisor Larry...

China is dramatically cutting US oil imports, analyst says

According to Sand’s research, China in August and September replaced its oil exports with West African crude from Nigeria and Angola. “China can replace...

With rise in rates, Friday’s jobs report just got a lot more important

There’s one wildcard in the works for this week’s report: Hurricane Florence, which thrashed the Carolinas and could be a principal factor should the payroll...

The Most Important Least-Noticed Economic Event of the Decade

When Federal Reserve officials meet eight times a year to set interest rate policy, their job, assigned by Congress, is to figure out what is best for the United States...

Navarro says Trump’s trade strategy may create market volatility

Current U.S. trade policies may be creating volatility in the near term, but will be good for the markets in the long run, Peter Navarro, one of President Donald...