White House trade advisor Navarro: ‘Technically we did not have a yield curve inversion’
White House National Trade Council Director Peter Navarro Getty Images White House trade advisor Peter Navarro disputed that the bond market flashed a recession signal last week, which spooked investors and sent the stock market tumbling. The yield on the...
Americans overwhelmingly support free trade as concern grows about Trump’s economy
China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. AFP Contributor | AFP | Getty Images Add President Trump to the list...
GE stock is fast recovering, but short seller investigator Harry Markopolos got his digs in
Fraud finder Harry Markopolos took GE stock down more than 11% in one day with a dizzying array of charts and numbers, but also some choice words accusing analysts, ratings agencies and GE’s management of Enron-era behaviors. A day later,...
Jeffrey Epstein’s ex-cellmate cleared after probe into earlier possible suicide attempt, lawyer says
U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services’ sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. New York State Division of Criminal Justice Services...
Here’s what Powell could say at Jackson Hole to soothe the roller coaster markets
Esther George, John Williams and Jerome Powell, at Jackson Hole, Wyoming, August 24, 2018. David A. Grogan | CNBC If the markets get their way, Fed Chairman Jerome Powell will use the Fed’s Jackson Hole symposium to clarify whether the...
Stocks making the biggest moves midday: General Electric, Nvidia, Dillard’s & more
Traders work before the closing bell at the New York Stock Exchange on Aug. 14, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading on Friday: General Electric...
US consumer sentiment for August comes in well below estimates
Customers look on as a Walmart cashier rings up their purchases at a Walmart store on August 15, 2019 in Richmond, California. Justin Sullivan | Getty Images U.S. consumer sentiment fell to 92.1 in August, the lowest indicator readout since...
US housing starts drop for third straight month
U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market. Housing starts dropped...
Fed may not have enough firepower to prevent a recession
President Donald Trump wants the Federal Reserve to help head off a feared economic slowdown, but it’s not clear the central bank has enough firepower left to do so. Besides, some economists say, there’s really not much reason for the...
Fed’s Bullard says only a ‘sustained’ bond inversion would be a bearish signal
The inversion of portions of the Treasury bond yield curve this week “would have to be sustained over a period of time” to be taken as a “bearish” signal for a U.S. economy that continues to grow, St. Louis Federal...
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