As US recession chances increase, the Fed may deliver fewer rate hikes: Poll
The Federal Reserve is still expected to raise interest rates again next month and three times next year, but a strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace...
US companies aren’t in a hurry to leave China despite the trade war, analysts say
U.S. companies aren’t leaving China in a big way yet, despite escalating trade tensions between the two economic powerhouses, analysts said. “A lot of companies are talking about making changes, but (are) not actively making changes,” said Chris Rogers, research...
Stocks making the biggest moves after hours: Urban Outfitters, L Brands and more
Check out the companies making headlines after the bell: Urban Outfitters shares rose over 6 percent during after-hours trading Monday after the retailer beat analysts’ expectations on revenue and earnings. The company reported earnings of 70 cents a share versus...
The bull market is ‘in trouble,’ more selling to come: BNY Mellon
The bull market is “in trouble,” strategist Alicia Levine told CNBC on Monday. U.S. stocks continued to fall on Monday, with large tech stocks leading the way down. The action came after equities posted sharp weekly losses on Friday. “There...
Maxine Waters reportedly wants Terrorism and Illicit Finance Subcommittee to oversee foreign banks
Rep. Maxine Waters hopes to make changes to the House Financial Services Committee that could have implications for one of President Donald Trump’s favorite lenders, Axios reported late Sunday. When her party takes control of the House in January, the...
Homebuilder confidence plummets to the lowest level in more than two years as ‘demand stalls’
Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation’s homebuilders. Sentiment among homebuilders dropped 8 points in November to 60 in the National Association of Home Builders/Wells Fargo Housing...
Goldman Sachs believes the US economy will slow to a crawl next year
Goldman Sachs believes the U.S. economy will slow significantly in the second half of next year as the Federal Reserve continues to raise interest rates and the effects of the tax cut fade. “Growth is likely to slow significantly next...
No-deal Brexit would be ‘wrecking ball’ for UK economy, British industry chiefs warn
The U.K.’s draft Brexit deal, causing such upset among the British political establishment, is not perfect but the country must avoid crashing out of the EU without a deal, the president of the influential Confederation of British Industry (CBI) said...
How a new breed of media companies is convincing people to pay for news again
Comcast Ventures had seen enough. Years of researching business models, seeing their own portfolio’s performance and watching digital media startups struggle had made an impression. For 2018, the venture capital firm made a decision: it would no longer put seed...
Former Amazon recruiters share insider tips on how to land a job there
Amazon will soon have more than 50,000 jobs to fill. The company announced this month it will open two new headquarters, one in New York City, and the other in northern Virginia, and that the average salary will be more...
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Trading education
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