US services growth slows to weakest level since 2016: ISM
Cement is laid on the San Joaquin River viaduct portion of the high-speed rail line being built in Fresno, California, on May 8, 2019, amid ongoing construction of the railway in California’s Central and San Joaquin Valleys. Frederic J. Brown...
Morgan Stanley: If the trade war escalates, a recession will be here in 9 months
If the U.S. continues to raise a wall of tariffs on Chinese goods in the coming months and China responds, expect a global recession in three quarters, Morgan Stanley said Monday. “As we view the risk of further escalation as...
China reportedly halts US agricultural imports in retaliation for Trump’s tariff increase
China has halted imports of U.S. agricultural products, Bloomberg News reported, citing people familiar with the situation. This hits at a sensitive issue for President Donald Trump. The president claimed that he had secured large quantities of agricultural purchases when...
US and China will not likely reach a trade deal this year, says former ambassador
The latest escalation in tensions between the U.S. and China has reduced the chances that both sides could reach a trade deal this year, a former American diplomat said on Monday. Negotiations between Washington and Beijing appeared to be progressing...
Shares of HSBC fall more than 1% after news that CEO John Flint will be stepping down
John Flint, chief executive officer of HSBC Holdings, at the World Economic Forum (WEF) in Davos, Switzerland on Jan. 24, 2019. Jason Alden | Bloomberg | Getty Images Shares of HSBC, Europe’s largest bank by assets, fell more than 1%...
Trump reportedly overruled advisors in decision to slap tariffs on remaining Chinese imports
President Donald Trump listens to a question from the news media as he sits behind the Resolute Desk in the Oval Office of the White House in Washington, July 26, 2019. Leah Millis | Reuters President Donald Trump overruled the...
Defrauded students are still waiting for debt forgiveness from Betsy DeVos
File photo of an ITT Technical Institute campus in Anaheim, California. Susan Goldman | Bloomberg | Getty Images When Morgan Marler’s 5-year-old daughter, Lilian, asks her why she doesn’t work anymore, Marler doesn’t know what to say. “I can’t explain...
Traders are betting big on a sudden drop in stocks and it’s starting to pay off
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Two words from Federal Reserve Chairman Jerome Powell and one tweet from President Donald Trump turned the market upside down rapidly this week. Some traders...
Perfect storm building for stock correction as trade war simmers and market awaits more Fed action
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction. The market was...
Robert Mueller’s Russia probe cost nearly $32 million in total, Justice Department says
Former Special Counsel Robert Mueller exits during a break in testimony during a House Intelligence Committee hearing on the Office of Special Counsel’s investigation into Russian Interference in the 2016 Presidential Election on Capitol Hill in Washington, July 24, 2019....
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