Dollar in Steep Decline… Before Trump Drops Mexico Tariffs
Dollar weakness was the main theme over the whole week. It started with worries over Trump’s tariff threats to Mexico. Then Fed officials came out acknowledging the risks from Trump’s tariff policies and signaled their openness to rate cuts should...
Illinois legalizing cannabis could help New York, New Jersey do the same: U.S. pot CEO
Marijuana is growing on U.S. consumers. Last week, Illinois became the 11th U.S. state to approve cannabis for recreational adult use, joining a growing cohort that includes California, Vermont and Michigan. The law will go into effect on Jan. 1,...
Mnuchin says Trump can still impose tariffs if Mexico does not live up to immigration deal
Robert Lighthizer, U.S. trade representative, right, and Steven Mnuchin, U.S. Treasury secretary. Alex Edelman | Bloomberg | Getty Images Treasury Secretary Steve Mnuchin said Saturday that President Donald Trump still has the authority to impose tariffs on Mexico if it...
HSBC: The world’s interim bank
To be in HSBC senior management is to be one of two things. Traditionally, you were a dyed-in-the-wool lifer, more often than not making the slow crawl to the top through retail and commercial banking. More recently, you might have...
Weekly Economic and Financial Commentary: Growing Hints of a Slowdown
U.S. Review Growing Hints of a Slowdown In the midst of rising prospects of a prolonged and more pronounced trade war, data this week seemed to lend some credence to the idea that the domestic economy is beginning to succumb...
Week Ahead: Interest rates, Mexican stand-off and US CPI
After last week’s noticeable falls, global stock markets have rallied even more sharply this week to more than wipe out those losses. Sentiment has been boosted by major central banks moving towards easing while trade tensions have taken a back...
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