Goldman: Here’s China’s likely next step to Trump’s new trade threat
U.S. President Donald Trump’s latest threat to slap elevated tariffs on Chinese goods will likely push Beijing to ramp up stimulus in order to shield its economy from additional harm, a Goldman Sachs strategist said on Friday. Trump on Thursday...
Trump’s new tariffs show he’s reading China all wrong, risk consultancy warns
U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, DC, March 27, 2019. Saul Loeb | AFP | Getty Images U.S. President Donald Trump’s surprising move to impose more tariffs on China is a...
‘It’s unclear what the end game is,’ former US ambassador says of Trump’s trade war with China
U.S. President Donald Trump has been extremely unpredictable and it’s not clear what the end game of his trade war with China will be, a former American ambassador told CNBC on Friday. Trump has been “wildly unpredictable in many ways...
Square sells food-delivery service Caviar to DoorDash for $410 million
AFP | Getty Images Square is getting out of the food delivery business. The payments company is selling its on-demand delivery service Caviar to DoorDash for $410 million, Square announced during second-quarter earnings Thursday. The acquisition will be a combination...
Stocks making the biggest moves midday: Western Digital, Fitbit, RH, Abiomed, Crocs & more
Traders at the New York Stock Exchange. Drew Angerer | Getty Images Check out the companies making headlines midday Thursday: Western Digital — Western Digital shares rose more than 7% on Thursday after an analyst at Wedbush upgraded the data...
ISM manufacturing index falls to 51.2 in July; construction spending down 1.3% in June
U.S. manufacturing activity slowed to a near three-year low in July and a measure of new orders received by factories rebounded slightly, as the negative effects of a bitter trade war between the United States and China lingered. Other data...
Gauge of US manufacturing hits lowest since September 2009, raising concerns about the economy
A gauge of U.S. manufacturing from IHS Markit fell to the lowest since September 2009. Source: IHS Markit The IHS Markit Manufacturing Purchasing Managers’ Index fell to 50.4 in July, down from 50.6 in June, driven by a weaker demand....
Goldman Sachs: One more rate cut and then the Fed is done
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, July 31, 2019. Andrew Harrer | Bloomberg | Getty Images After one more interest...
US weekly jobless claims rise moderately
The number of Americans filing applications for unemployment benefits increased last week, but the trend in claims remained consistent with tightening labor market conditions. Initial claims for state unemployment benefits rose 8,000 to a seasonally adjusted 215,000 for the week...
Economists who predicted the Fed rate cut are now utterly confused about what’s next
Major Wall Street economists were largely in agreement that the Federal Reserve would cut rates by a quarter point heading into this week’s policy meeting. But after a confusing news conference by Fed Chairman Jerome Powell, their forecasts for future...
Signal2forex.com - Best Forex robots and signals




