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Day: July 26, 2018

Blackstone’s Gray on why the firm is pouring cash into the warehousing business

Blackstone’s Jonathan Gray said the firm’s recent investments in warehousing should prove valuable as more and more consumers go online to shop. Gray, who became the firm’s president and chief operating officer earlier this year, explained that Blackstone has purchased more than 550 million square feet of warehousing since 2010. “As you think about investing, …

Blackstone’s Gray on why the firm is pouring cash into the warehousing businessRead More

Kudlow says Friday’s GDP number is going to be ‘big’

White House economic advisor Larry Kudlow predicted that the second-quarter GDP release Friday will live up to the mounting hype. “You’re going to get a very good economic growth number tomorrow. Big,” Kudlow, head of the National Economic Council, told the Fox Business Network in an interview Thursday. While he said he could not speculate …

Kudlow says Friday’s GDP number is going to be ‘big’Read More

Euro Mildly Lower after Balanced Yet Uninspiring Draghi, Dollar Picking Up Strength Slightly

Euro weakens slightly against Dollar after ECB left monetary policy unchanged as widely expected. President Mario Draghi delivered a balanced yet Uninspiring press conference. Fresh buying is seen in Dollar in early US session and the greenback has overtaken Yen as the strongest major currency for today. But it’s to early to call for completion …

Euro Mildly Lower after Balanced Yet Uninspiring Draghi, Dollar Picking Up Strength SlightlyRead More

US core capital goods orders and shipments surge in June

New orders for key U.S.-made capital goods increased more than expected in June and shipments surged, pointing to solid growth in business spending on equipment in the second quarter. The Commerce Department said on Thursday that orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.6 percent last …

US core capital goods orders and shipments surge in JuneRead More

US jobless claims rebound from a more than 48 1/2-year low

The number of Americans filing for unemployment benefits rose from a more than 48 1/2-year low last week, but continued to point to a tightening labor market. Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 217,000 for the week ended July 21, the Labor Department said on Thursday. Claims dropped to …

US jobless claims rebound from a more than 48 1/2-year lowRead More

Treasury Secretary Mnuchin says he’s ‘closely monitoring’ the weakening in the Chinese currency

Treasury Secretary Steven Mnuchin told CNBC on Thursday he’s “closely monitoring” the weakening in the Chinese currency. “What I’ve said over the last week [is] we are obviously closely monitoring the Chinese rmb and the weakening in that market,” Mnuchin said in an interview with “Squawk Box.” He said the administration is looking at other …

Treasury Secretary Mnuchin says he’s ‘closely monitoring’ the weakening in the Chinese currencyRead More

US-China trade war: Idaho may be the biggest victim, but not for its potatoes

Idaho is the state most exposed to fallout from the U.S.-China trade war, even though its most famous product, potatoes, has so far been spared from the wrath of Beijing’s retaliatory strikes, according to a new study. China, which buys Idaho’s frozen potatoes for its fast-food restaurants, also has been a major purchaser of the …

US-China trade war: Idaho may be the biggest victim, but not for its potatoesRead More

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