Category: Economy

US weighs lifting trade tariffs against China: DJ, citing sources

U.S. officials are reportedly debating lifting tariffs on Chinese imports to give Beijing a reason to make deeper concessions in ongoing trade talks between the two...

If the shutdown lasts two more weeks, the cost to the economy will exceed price of Trump’s wall

As the government shutdown nears a record-breaking run, retailers like Best Buy and Bed Bath & Beyond could start to feel the bite from lower consumer spending. With...

Alan Greenspan thinks the Ocasio-Cortez 70% tax plan is ‘a terrible idea’

Raising the marginal tax rate on the richest Americans to 70 percent would put a major dent in the economy, former Federal Reserve Chairman Alan Greenspan said Monday....

December manufacturing PMI shows economic trouble

“Output and order books grew at the slowest rates for over a year and optimism about the outlook slumped to its gloomiest for over two years,” said Chris...

Weekly jobless claims Dec 22 2018

The latest claims data “signals improvement in the labor market relative to a few weeks ago, but softening in conditions relative to a few months ago,” said...

El-Erian stunned by recession talk, warns of self-fulfilling prophecy

Economist Mohamed El-Erian is warning Wall Street that being overly concerned about an economic recession could actually cause one. “I’m stunned by all this...

US housing starts nov 2018

U.S. homebuilding rebounded in November, driven by a surge in multi-family housing projects, but construction of single-family homes fell to a 1½-year low, pointing to...

Nearly half of corporate CFOs are expecting a US recession by the end of 2019

Indeed, the results show 86 percent see a Canada recession by the end of 2019, with the figure at 66.7 percent for Europe, 54 percent for Asia and 42 percent for Latin...

James Bullard becomes first on Fed to suggest delaying December hike

Bullard, a monetary policy dove, may be trying to persuade members of the FOMC that a more cautious approach to tightening will be necessary. Market participants see a...

November ISM Manufacturing and October construction spending

A subindex of prices paid fell to 60.7 from 71.6 in October, coming in well below estimates for a reading of 70. Gauges of new orders and employment rose. Separate...