China’s state mouthpieces are taking an aggressive tone on the trade war
The headquarters of the Central Chinese Television (CCTV). Axel Schmidt | DDP | Getty Images China’s state-run media outlets have come out in force this week after keeping relatively quiet in the wake of U.S. President Donald Trump’s surprise announcement of tariff...
Latest data show surprise slowing in US, China economies as trade war escalates
A worker cuts a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, March 9, 2018. Aaron Josefczyk | Reuters Consumer and industrial activity in both the U.S. and China slowed in April, even before the world’s...
DoubleLine CEO Jeffrey Gundlach warns of recession driven by ‘cocktail of economic risk’
Jeffrey Gundlach Jin Lee | Bloomberg | Getty Images DoubleLine CEO Jeffrey Gundlach warned investors Tuesday that the U.S. is unequipped for recession as it becomes increasingly strapped by debt. “Any thoughtful person would be concerned,” the so-called “bond king”...
NBC’s 2020 streaming service won’t be very compelling for cord-cutters — and that’s by design
Stephen ‘Steve’ Burke, president and chief executive officer of NBCUniversal. David Paul Morris | Bloomberg | Getty Images The streaming wars — the race to launch subscription video products — has been driven by an underlying concept: the traditional pay-TV...
US import prices rose slightly in April, suggesting inflation could remain tame for a while
Shipping containers from China and other nations are unloaded at the Long Beach Port in Los Angeles, on February 16, 2019. Mark Ralston | AFP | Getty Images U.S. import prices rose less than expected in April as increases in...
Fed’s Williams says policymakers need to better prepare for a lower interest rate world
John Williams, president of the Federal Reserve Bank of San Francisco. Stephen Lam | Reuters Torturously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilize the global...
Trump: We’ll know in three to four weeks if China trade talks are successful
President Donald Trump is offering a projection about how much longer Washington and Beijing could be locked in heated trade negotiations. “We’ll let you know in three or four weeks if it’s successful,” he said Monday evening at a White House...
US trade office gets ready to impose tariffs on another $300 billion of Chinese imports
President Donald Trump, U.S. President Donald Trump’s national security adviser John Bolton, U.S. Treasury Secretary Steven Mnuchin attend a working dinner with Chinese President Xi Jinping after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. Kevin Lemarque...
Fed’s Neel Kashkari says US is ‘in a very strong position’ in escalating trade war with China
Even amid substantial bouts of market tumult, Minneapolis Fed President Neel Kashkari sees the U.S. as holding the upper hand in its trade showdown with China. Stocks took another sharp drop Monday, but Kashkari said broader economic indicators are showing...
China is raising tariffs on $60 billion of US goods starting June 1
China will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods, the Chinese Finance Ministry said Monday. Beijing will increase tariffs on more than 5,000 products to as high...
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