Category: Economy

Migration and cheap Chinese goods worry South Africa’s largest trade union group over pan-African free trade

He also cited fears of cheap Chinese goods flooding the market due to decreased trading restrictions between African countries, saying that these would particularly...

The economy looks weak in the first quarter, but better days are coming

February durable goods orders popped 3.1 percent, well ahead of the 1.7 percent consensus estimate and good for the fastest pace since June. The number was especially...

March consumer sentiment

U.S. consumer sentiment rose more the anticipated in the preliminary March reading, reaching a level not seen since 2004. The University of Michigan’s mid-month...

Loss of Cohn’s expertise could result in bad trade deals

After leaving U.S. Steel, he gained a strong reputation as a commodities trader. He quickly rose through the ranks at Goldman Sachs to become the number two executive in...

US may lose up to 150,000 jobs from trade tension: Economist

Eddie Seal | Bloomberg | Getty Images Job seekers wait in line to enter the Eagle Ford Shale Job Fair at the American Bank Center in Corpus Christi, Texas. The United...

What the Academy Awards and Hollywood can teach Trump about trade-commentary

But this can only happen if Trump makes China an offer it can’t refuse. He should seek to raise the cap on US films in China to one hundred. If twenty films...

Rising mortgage rates hit new home sales hard, a bad sign for builders

Higher home prices are adding to the difficulty for buyers. The median price of a newly built home rose to $323,000, a 2.5 percent gain compared to January of 2017....

Fed should raise rates gradually this year, Kaplan says

The Federal Reserve should continue to raise U.S. interest rates this year in response to faster economic growth fueled by recent tax cuts as well as a stronger global...

February consumer sentiment

U.S. consumer sentiment rose by much more than expected in February, exceeding the record-high average in 2017. The University of Michigan’s mid-month report on...

Market drop is ‘small potatoes,’ economy still strong, rates going up

“Clearly the market is adjusting to the fact that the global economy is growing quite quickly and as a consequence of that, monetary authorities around the world...