Category: Economy

Fed’s Powell reveals biggest economic challenge over the next decade

Yuri Gripas | Reuters Federal Reserve Board Chairman Jerome Powell speaks during his news conference after a Federal Open Market Committee meeting in Washington,...

Draft Kings, casinos gear up for Super Bowl sports betting debut

Pat Greenhouse | Boston Globe | Getty Images From left, the three co-founders of DraftKings, Matt Kalish, Paul Liberman and Jason Robins, pose together in their Boston...

CEOs step up help for government workers, raise pressure on Washington to end impasse

Companies are stepping up their relief efforts for the 800,000 federal workers who have just marked their second missed paycheck. J.P. Morgan Chase, the largest U.S....

US cancels trade planning meeting with China, source says

One source suggested that talks may still happen over the phone, but the termination of the in-person visit signals that reaching a complete agreement beyond the basic...

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...