Investors think the economy is more crucial to Trump’s reelection chances than the Mueller report
The release of special counsel Robert Mueller’s report is unlikely to change the growing sense in markets that President Donald Trump can win reelection if the economy remains solid, analysts say. A redacted version of Mueller’s report is expected to...
US trade deficit falls in February as shortfall with China decreases 28%
The U.S. goods and services deficit with its global trading partners fell to $49.4 billion in February, its lowest level since June 2018 and well below estimates, the Commerce Department reported Wednesday. Economists surveyed by Dow Jones expected the U.S....
Goldman Sachs CEO: The US economy ‘is chugging along pretty well’
Goldman Sachs Chief Executive David Solomon said Wednesday that the chances of the U.S. economy soon entering a recession are lower now than they were earlier this year. “I don’t see any data in any way, shape or form that...
Economy could be weaker than expected, and the reason is manufacturing
Industrial production declined in the first three months of the year for the first time since the third quarter of 2017, and that could signal economic growth is weaker than some economists are forecasting. Total industrial production declined by 0.1%...
If Trump wins a second term, stocks would likely get a boost, Robert Shiller says
If President Donald Trump wins a second term, it could prolong the bull market and delay a recession, Nobel laureate Robert Shiller says. Shiller, who is known for his behavioral finance research, believes the president’s pro-business policies would resonate with...
Saudi shopping mall operator launches kingdom’s biggest IPO in five years
Major Saudi shopping mall developer Arabian Centres Company is launching an initial public offering that will be the kingdom’s biggest since 2014, when Saudi Arabia’s largest lender, National Commercial Bank, was listed. The listing, which was approved by Saudi financial...
Bank of Japan chief: Trade is the biggest risk to the global economy
Increasing trade protectionism around the globe is the biggest threat to global economic growth, Bank of Japan Governor Haruhiko Kuroda says. “There [is] some sort of protectionism” around global trade, Kuroda told CNBC’s Sara Eisen in an interview that aired...
Fed’s Charles Evans tells CNBC rates can stay unchanged into fall of 2020
Chicago Federal Reserve President Charles Evans said on Monday that he’d be comfortable leaving interest rates alone until autumn 2020 to help ensure sustained inflation in the U.S. “I can see the funds rate being flat and unchanged into the...
North Korea could target Southeast Asia’s vulnerable crypto sector, says defense think tank
North Korea’s cyber capabilities and financial networks pose a threat to Southeast Asia’s growing, yet vulnerable, cryptocurrency sector, according to British defense and security think tank Royal United Services Institute. North Korea has been heavily sanctioned for years by the...
Analyst Dick Bove: The war is over and the bankers have won
The House Banking Committee held a hearing on Wednesday to discuss the financial stability of the nation’s biggest banks. It requested the presence of the top CEOs to field questions on their finances. However, virtually no queries were posed on...
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