Peter Navarro says don’t believe China or US press, calls Wall Street Journal stories ‘garbage’
White House trade advisor Peter Navarro said media reports on the U.S.-China trade talks are not reliable, even calling stories in The Wall Street Journal “garbage.” “My advice for investors is to be patient with the process and don’t believe...
Deutsche Bank gets its first broker upgrade after mass restructure
UBS has become the first broker to upgrade Deutsche Bank’s stock following its initiation of a historic restructuring program. In a note published Friday, UBS analysts upgraded the German lender’s stock from a “sell” to “neutral” and raised its 12-month...
Ex-Fed official says Trump pressure ‘may have held up’ rate cuts from happening sooner
President Donald Trump’s public pressure on Jerome Powell to lower interest rates may have made the Federal Reserve chairman reluctant to do so, a former Fed official told CNBC on Thursday. “It may have held up his being willing to...
The Fed chairman says the relationship between inflation and unemployment is gone
Federal Reserve Chairman Jerome Powell said the relationship between unemployment and inflation has collapsed. “The relationship between the slack in the economy or unemployment and inflation was a strong one 50 years ago … and has gone away,” Powell said...
Wall Street banks are bailing on troubled American farmers amid US-China trade war
Gordon A. Giese looks on as his son Paul Giese tends to morning chores at the family farm, God Green Acres in Mayville, Wisconsin, June 24, 2019. Darren Hauck | Reuters In the wake of the U.S. housing meltdown of...
Trump says China is ‘letting us down’ by not buying US farm products during trade talks
A farmer fills seed planters with soybean seed in Gideon, Missouri. Shannon Stapleton | Reuters China is not purchasing U.S. crops as the world’s two largest economies scramble to end their trade war, President Donald Trump said Thursday. The president...
US core inflation posts biggest gain in nearly 1 1/2 years
People shop at a Walmart store in Rosemead, California on May 23, 2019. Frederic J. Brown | AFP | Getty Images U.S. underlying consumer prices increased by the most in nearly 1-1/2 years in June amid solid gains in the...
US weekly jobless claims fall to 3-month low
People attend a job fair put on by Miami-Dade County and other sponsors on April 05, 2019 in Miami, Florida. Joe Raedle | Getty Images The number of Americans filing applications for unemployment benefits dropped to a three-month low last...
A giant manufacturer just gave a glimpse into this earnings season as it tanks on tariff costs
Delivery trucks sit parked at loading docks outside the Fastenal Co. distribution center in Jessup, Pennsylvania. Luke Sharrett | Bloomberg | Getty Images For those who don’t see the trade war with China hurting U.S. business, a big industrial with...
France approves digital tax on American tech giants, defying US trade threat
France’s Senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a warning from the President Donald Trump administration that it “unfairly targets American companies.” On Wednesday, Trump ordered an investigation into...
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