Bank CEO says he’s worried the US-China trade war will dent market psychology
Trade tensions between the U.S. and China have hit business and consumer confidence — and that’s a bigger challenge to overcome right now compared to any economic damage inflicted by new tariffs, according to the chief executive of Southeast Asia’s...
After-hours buzz: TSLA, TRIP & more
Tesla stock rose more than 5 percent during after-hours trading following a revenue beat for its second quarter earnings and as the company reassured investors that it will be profitable in the second half of the year. The electric automaker...
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s FOMC statement with the one issued after the Fed’s previous policymaking meeting on July 31. Text removed from the July statement is in red with a horizontal line through the middle. Text appearing for...
Atlanta Fed predicts 5% jump in economic growth for third quarter
Economic growth is expected to continue at a rapid pace in the third quarter, according to a preliminary forecast from the Atlanta Fed. The central bank district estimates that GDP will increase 5 percent for the July-to-September period, according to...
Study: Neighborhoods with these words in the name have the highest property values
Looking for a nice new home? You might want to buy a place in a neighborhood with a name that references water. Porch, a platform that connects people with home improvement professionals, analyzed the words in neighborhood names that have...
Construction spending posts biggest drop in over a year; factory activity slows
U.S. construction spending recorded its biggest drop in more than a year in June as investment in both private and public projects fell, but spending for the prior months was revised sharply higher. The Commerce Department said on Wednesday that...
Housing demand sees biggest drop in more than 2 years
The long list of housing headwinds is finally taking its toll on potential buyers. Housing demand fell 9.6 percent in June, compared with June 2017, according to a monthly index from Redfin. That is the largest decline since April 2016....
Former hedge fund manager Novogratz’s crypto bank makes stock market debut despite bitcoin bear market
Cryptocurrency-focused merchant bank Galaxy Digital will start trading on a Canadian stock exchange on Wednesday despite cooling investor interest and falling prices this year. Former Goldman Sachs macro trader Michael Novogratz launched the company in November, a month before bitcoin...
Five of the scariest predictions about artificial intelligence
While experts are mostly in agreement about the benefits AI will provide medical practitioners — such as diagnosing illnesses very early on and speeding up the overall healthcare experience — some doctors and academics are wary we could be headed...
After-hours buzz: AAPL, P & more
Check out the companies making headlines after the bell: Apple shares rose more than 3 percent during after-hours trading, following a third quarter earnings report that beat Wall Street estimates. The tech giant reported earnings per share of $2.34, beating...
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