US factory activity jumps in November while construction spending falls for third month
U.S. manufacturing activity rose more than anticipated in November but construction spending was worse than expected, falling for the third straight month. The ISM manufacturing PMI index hit 59.3 in November, better than the 57.8 expected by economists polled by...
Major Wall Street economists have their doubts trade cease-fire will lead to actual deal in 90 days
Wall Street traders may be exuberant Monday over the decision to pause the trade war between the U.S. and China, but economists across the marketplace aren’t convinced the delay will lead to a permanent solution. It will still be “challenging”...
Mnuchin says Trump ‘liked’ Fed chief Powell’s market-boosting speech
Treasury Secretary Steven Mnuchin told CNBC on Monday that President Donald Trump was pleased with Federal Reserve Chairman Jerome Powell’s speech that eased fears of a more aggressive policy on interest rate hikes. The central bank has already raised rates...
Mnuchin hopeful that Trump-Xi talks can be turned into a ‘real agreement’
Treasury Secretary Steven Mnuchin expressed optimism about a trade pact with China, telling CNBC on Monday the U.S. has received commitments for concessions on several key issues. “This is the first time that we have a commitment from them that...
Soybean prices, Deere shares jump after China agrees to buy ‘substantial’ US agricultural products
Soybean prices surged Monday on the back of a trade truce between the U.S. and China in which Beijing agreed to buy more American agricultural products. The January futures contract on soybeans rose 1.1 percent at the Chicago Mercantile Exchange....
Treasury yields rise as the US and China reach truce on trade
U.S. government debt prices sank on Monday, amid news that President Donald Trump’s administration has reached a cease-fire with China on trade tariffs. The yield on the benchmark 10-year Treasury note was seen trading higher at 3.033 percent at around...
Forced tech transfers and intellectual property theft will dominate trade talks after Trump-Xi deal
Two contentious issues were notably downplayed in the deal between President Donald Trump and President Xi Jinping at the G-20 summit over the weekend: China’s alleged practice of forcing technology transfers and apparent theft of intellectual property from American companies....
Trump’s description of the China trade deal doesn’t match the official White House version
President Donald Trump’s assertions about the U.S.-China agreement to pause tariff escalations that emerged over the weekend do not appear to match the White House’s official description of the agreement. Following the conclusion of the G-20 summit in Argentina, the...
The next date to watch in the US-China trade war is Dec. 18, expert says
The next crucial date to watch for clues on where the trade war is heading may be just around the corner — way before the end of the 90-day period that U.S. President Donald Trump and Chinese President Xi Jinping...
China’s descriptions of the Trump-Xi deal differ from the White House’s in a lot of ways
While both the U.S. and China called this weekend’s meeting on trade very successful, many Chinese-language state media left out references to a 90-day condition for both sides to agree on issues such as technology transfer. While it’s typical for...
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