Market Uncertainty Following Boris Johnson Resignation
Market uncertainty over Brexit has reached new heights after Boris Johnson resigned as Foreign Secretary this afternoon. This will be the second crushing blow to Theresa May, following the resignation of former Brexit Secretary David Davis over the weekend. With...
UK Data to Point to May Rebound in Output; Could Seal August Rate Hike
As the pound enjoys a bounce on hopes of a soft Brexit, a flurry of data out of the UK on Tuesday could provide the currency with more reason for cheer if they confirm a rebound in growth in May....
Red-state governor sticks with Trump on China trade war but warns US farmers can’t take much more pain
Republican Arkansas Gov. Asa Hutchinson told CNBC on Monday that he gives “confidence and latitude” to President Donald Trump in the China trade war but urges a quick resolution for the sake of the nearly 48,000 family owned farms in...
Mastercard is in talks with UK banks about launching cards with fingerprint scanners
Mastercard is holding talks with banks in the U.K. about bringing biometric payment cards to market. The credit card firm has been testing cards with in-built fingerprint scanners, which are used to verify customers’ identities. This is intended to replace...
Forese aims high with CIB rejig at Citi
Jamie Forese, the head of Citi’s sprawling institutional clients group, this week elevated two of his key lieutenants to co-head a newly formed banking, capital markets and advisory (BCMA) division. The move, in which capital markets origination (CMO) head Tyler...
How the trade war is changing minds in Tennessee, a Senate battleground
Jimmy Tosh’s sprawling hog farm in rural Tennessee is an unlikely battleground in the fight for control of the U.S. Senate. Yet his 15,000 acres (6,000 hectares) two hours west of Nashville showcase the practical risks of President Donald Trump’s...
Sterling Strengthens Broadly as Davis Resignation is Seen as Good For Soft Brexit
Quick update: Sterling drops notably after Foreign Minister Boris Johnson finally resigns. judging from the current price action, Boris’s resignation seems to be taken more seriously by the markets than Davis’s. The global stock markets are in positive mood today....
Economic change: Mexico is missing the main target
The Mexican economy has been remarkably a consistent performer since the 1994 tequila crisis. Annual GDP growth has averaged 2.48% and, while there have been some peaks and troughs, economic performance has been remarkably consistent regardless of who has formed...
Trump’s trade war splits a Missouri county into winners and losers
People don’t talk about trade tariffs in this stretch of the Mississippi River basin, where grains and metals have paid the bills for generations. They skirt the subject at church fundraisers and sidestep it at Jerry’s Café and Quick Stop,...
Workers are the new weapon as states go to extremes in the battle for business
Forequarter restaurant in Madison, Wisconsin, has managed to pull off a rare feat. Not only has it has stayed in business for six years, it is also still routinely referred to as trendy. On a recent visit, people were already...
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