Trump says he had to ‘take China on,’ regardless of the short-term impact on US economy
President Donald Trump on Tuesday said he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades. Trump’s strongly worded comments came hours before his government...
Huge deals from the likes of Amazon help UK tech start-ups score record foreign investment
London’s Old Street roundabout, often dubbed “Silicon Roundabout.” Chris Ratcliffe | Bloomberg | Getty Images British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures...
Former Fed official Kocherlakota agrees with Trump that rates are too high
Former Minneapolis Fed President Narayana Kocherlakota voiced agreement Tuesday with President Donald Trump’s contention that interest rates are too high. While he expressed some reservations about the impact a sitting president’s criticism could have on Fed independence, Kocherlakota said the...
Robert Shiller says the Fed’s rate cut had the opposite intended effect, sparked recession alarm
Nobel-winning economist Robert Shiller is taking issue with the Federal Reserve’s rate cut in July, saying it caused psychological harm to the markets. “I think that there is a problem with cutting rates because it shows a sense of alarm,”...
The Fed will cut rates five more times before April, analysts predict
The U.S. Federal Reserve will cut interest rates five more times by April 2020, according to analysts at Danske Bank. The Fed cut rates by 25 basis points in July, but comments from Chairman Jerome Powell suggesting the cut was...
White House official denies administration is looking at a payroll tax cut
President Donald Trump during a cabinet meeting at the White House July 16, 2019 in Washington, DC. Chip Somodevilla | Getty Images Top White House officials have started to float a payroll tax cut as a potential means to stem...
Stocks rebounding, but new highs may be elusive in trade war
Stocks are bouncing higher but could be trapped in a range until there’s a resolution of the trade wars and an end to the uncertain shadow it is casting over business confidence and the economy. The S&P 500, up 1.2%...
The US economy is fine, but watch out for gathering trade storms
Workers assemble cars at the newly renovated Ford’s Assembly Plant in Chicago, June 24, 2019. Jim Young | AFP | Getty Images A former colleague of mine at the OECD (a Paris-based public policy research organization financed by member country...
Fear needs to get more extreme for stocks to bottom, BofA’s Stephen Suttmeier says
New charts from Bank of America-Merrill Lynch’s Stephen Suttmeier suggest two things must happen before the stock market bottoms: The S&P 500 needs to fall another 5% and panic needs to get more extreme. His first chart shows the S&P...
White House pushes back against recession fears, defends trade war
U.S. President Donald Trump speaks with Larry Kudlow, director of the U.S. National Economic Council, right, in the Roosevelt Room of the White House in Washington, D.C. Alex Edelman | Bloomberg | Getty Images President Donald Trump said Sunday he...
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