Trump refuses to discuss US-China strategy at private business dinner
President Donald Trump declined to discuss his strategy for dealing with China at a private business dinner with CEOs on Tuesday night, as U.S.-China trade tensions escalate. The president said “he wouldn’t go there” after he was asked about how...
The economy is booming, yet Americans are struggling. An award-winning author explains why
The unemployment rate fell below 4 percent in July, the lowest it’s been in nearly two decades. The job market is booming and the economy seems strong. But millions of Americans are still struggling to make ends meet. That’s in...
Fed’s Barkin says US interest rates need to rise further
The U.S. economy is strong enough to warrant further interest rate increases by the Federal Reserve, Richmond Fed President Thomas Barkin said on Wednesday. In a speech on the U.S. economy, Barkin argued that the Fed’s benchmark interest rate was...
Black women have to work an extra eight months to make the same wages as white men
The pay gap persists. Women are paid 80 cents to every dollar paid to men, according to an April report from the National Partnership for Women & Families. But if you break this figure out by race, education level and...
Saudi Arabia Sells off Canadian Assets, Loonie Falls
It’s being reported by FT that the Saudi’s are selling off Canadian assets in response to Ottawa’s criticism of the arrest of a female activist last week. Apparently, the Saudi central bank and state pension funds have been instructed to...
Your first trade for Wednesday, August 8
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Twitter Karen Finerman was a buyer of Michael Kors David Seaburg was a buyer of Ethereum Classic Guy Adami was a buyer...
Trump claims GDP growth ‘could be in the 5s’ — as in percent — next quarter
President Donald Trump said Tuesday he thinks gross domestic product growth in the next quarter “could be in the 5s” — that is, higher than 5 percent. Trump made the bold prediction Tuesday evening before a dinner at his Bedminster,...
Sterling Plunges as No-Deal Brexit Becoming More Likely, Yen Shows Broad Based Strength
Sterling plunges sharply today as markets are seeing increasing change of a no-deal Brexit. Adding that, GBP/USD’s break of 1.2956 earlier this week and EUR/GBP’s break of 0.8957 resistance yesterday also adds to broad based pressure on the Pound. Australian...
Sterling Plunges Amid Worries of No Brexit Deal; RBNZ Rate Announcement Pending
Here are the latest developments in global markets: FOREX: The US dollar weakened by 0.27% versus the Japanese yen on Wednesday, with dollar/yen trading near 111.00, while the US dollar index, which gauges the greenback’s strength against a basket of...
Weekly mortgage applications fall as home prices climb
Rising home prices hit the mortgage industry hard last week. Total mortgage application volume fell 3 percent from the previous week, and 17 percent from a year ago, according to the Mortgage Bankers Association’s seasonally adjusted report. The market has...
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