The risk of a global recession has ‘significantly increased,’ strategist warns
A slew of global developments are convening to threaten economic growth, according to one investment manager, who believes that the risks of a recession next year have now “significantly increased.” Global growth stood at 3.8 percent in 2017 and it...
EU reportedly warns of new tariffs worth $300 billion if Trump targets automakers
The United States could get a new round of retaliatory tariffs worth as much as $300 billion, if it moves ahead with new duties on European cars, the Financial Times reported. In a written statement to the U.S. Department of...
The US should quickly restore good and confident relations with Europe
The NATO summit in Brussels on July 11 and 12 is an opportunity for President Donald Trump to get the trans-Atlantic relations back on a constructive path — the place they should have never left. It is absurd to think...
Dollar Regains Ground as Markets Prepare for an Eventful Week
Dollar strengthens broadly in Asian session, followed by New Zealand Dollar and Japanese yen. On the other hand, Australian Dollar is the weakest, followed by Canadian Dollar and the Euro. But after all, major pairs and crosses are bounded in...
The Trump administration reportedly drafted a bill that abandons WTO rulebook
President Donald Trump’s administration has drafted a bill that allows the White House to unilaterally raise tariffs without congressional consent, Axios reported late on Sunday. If the legislation goes ahead, that means the world’s largest economy would be abandoning the...
Battered bitcoin will reach $50,000 by end of year, says founder of crypto exchange
Despite the recent bloodbath in cryptocurrencies, Bitcoin bull Arthur Hayes said the popular digital coin will reach $50,000 by the end of the year. Bitcoin’s price has been on a wild roller coaster with investors, but “something that goes...
Facebook gave preferential treatment to 61 companies after restricting user data back in 2015
Facebook has admitted that it gave dozens of companies access to its users’ data after saying it had restricted access to such data back in 2015, the latest wrinkle in a firestorm over how the social network manages user information....
Retaliation for US tariffs kicked in on Sunday — taking aim at ketchup, whiskey and soup
U.S. farmers and food producers are in the crosshairs of a global trade conflict that shows no signs of abating anytime soon — and trade tensions escalated in a big way Sunday. New tariffs were imposed by Canada on beef,...