US factory activity races to 14-year high in Aug; construction spending rises slightly in July
U.S. manufacturing activity accelerated to more than a 14-year high in August, boosted by a surge in new orders, but growing concerns over rising raw material costs as a result of import tariffs could restrain further growth. The Institute for...
US SUV sales surge again in August
Ford Motor reported a nearly 4.1 percent rise in U.S. auto sales in August, helped by higher demand for its sport utility vehicles and pickup trucks. The No. 2 U.S. automaker said on Tuesday it sold 218,504 vehicles in August,...
Canadian dollar drops after Trump says there’s ‘no political necessity’ to keep Canada in trade deal
The Canadian dollar fell against its U.S. counterpart on Tuesday after President Donald Trump said the U.S. and Mexico could move forward without Canada in a new NAFTA deal. In a tweet Saturday, Trump said there is “no political necessity...
Trump’s trade war with China is ‘the biggest risk to the global economy,’ BlackRock exec says
President Donald Trump’s trade policies pose the greatest threat to global economic growth, according to the vice chairman of the world’s largest money manager. In an interview Tuesday, BlackRock’s Philipp Hildebrand also described the Federal Reserve’s current pace of credit...
Technology is the ‘most profound force bearing down’ on big banks, ex-Barclays boss says
Technology is going to fundamentally transform the banking industry over the coming years, a former Barclays CEO told CNBC on Monday. Antony Jenkins, who led the British bank through a tumultuous period between 2012 and 2015, said regulatory measures imposed...
China clamps down on cryptocurrency speculation, but not blockchain development
Chinese authorities have stepped up their pressure on domestic cryptocurrency activity in the last few weeks. While Beijing supports the development of the underlying blockchain technology, it is still trying to limit speculation in digital currencies roughly one year since...
China’s mega banks are boasting higher profits, but investors still aren’t buying their stocks
The latest earnings reports from China’s big four banks showed improvements across key financial metrics, but some investors remain worried that things could get worse for lenders in the world’s second-largest economy. Such concerns arose after the country’s central bank,...
Japan’s trade with China is booming, but irreconcilable differences persist
On the face of it, the idea of hostility between the two East Asian neighbors is sharply at odds with excellent trade numbers and Japan’s unrelenting efforts to keep open the bilateral flows of commerce and finance. Here is the...
Chinese investors expect a turnaround in the beaten-down stock market, survey shows
A majority of mainland Chinese investors expect the battered local stock market to rise over the next 12 months, according to a J.P. Morgan Asset Management survey released Monday. The Shanghai composite is one of the worst performing stock indexes...
A trading chart suggests stocks face a heightened risk of a 10-20% correction
The market may begin looking different after Labor Day. Even though stocks just completed a banner month, the Economic Cycle Research Institute’s Lakshman Achuthan is waving a warning flag. Achuthan believes there’s a heightened risk of a sell-off that could...
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