American soybeans at stake in reported US efforts to get China to buy more
The U.S. soybean industry is on edge again as relations with China have turned south. The Trump administration is trying to get Beijing to commit to multi-year purchase agreements, The Wall Street Journal reported Friday, citing sources familiar with both...
The US economy suddenly looks like it’s unstoppable
In the face of persistent fears that the world could be facing a trade war and a synchronized slowdown, the U.S. economy enters June with a good deal of momentum. Friday’s data provided convincing evidence that domestic growth remains intact...
Investors are running away from Mexican stocks as leftist pulls ahead in the polls
The chances of a landslide victory for Mexico’s far-left presidential candidate, Andres Manuel Lopez Obrador, are growing and that is scaring investors. Mexico’s benchmark stock index, the S&P/BMV IPC, plummeted 7.6 percent in May, marking its biggest one-month decline since...
Black unemployment falls to the lowest level since 1972
The unemployment rate for blacks fell to 5.9 percent in May, hitting the lowest level since the government started to record that data in 1972. The decline in black unemployment also extended a streak that started in January, when the...
Jamie Dimon says after health venture with Amazon and Berkshire was announced insurers were ‘pissed off’
J.P. Morgan Chase CEO Jamie Dimon has been on the receiving end of some testy phone calls recently. After he and fellow billionaires Amazon’s Jeff Bezos and Berkshire Hathway’s Warren Buffett announced the formation of a joint venture in January...
Kudlow on trade war fears with US allies: This is more like ‘a family disagreement’
White House economic advisor Larry Kudlow on Friday attempted to calm fears of a trade war, saying retaliatory measures taken by U.S. allies aren’t major and are more like a squabble among family members. “This is something of a family...
Kudlow on Trump jobs tweet: ‘I don’t think he gave anything away’
President Donald Trump did not tip his hand on Twitter about the government’s May jobs report ahead of Friday morning’s release, said top White House economic advisor Larry Kudlow. “I don’t think he gave anything away,” Kudlow said on “Squawk...
The 5 most important numbers from Friday’s jobs report
A quick look at the five most important numbers from Friday’s nonfarm payrolls report: 1) Payroll growth hit 223,000 for May, its highest level since February, beating market expectations for 188,000. 2) The headline unemployment rate fell to 3.8 percent,...
Super strong jobs report means June rate hike coming and Fed could get more aggressive
May’s super strong employment report, including a slightly better gain in wages, signals the Fed is on track to raise interest rates in June and could even add another rate hike to its forecast this year. Employers created 223,000 new...
ISM manufacturing index beats estimates; construction spending posts biggest jump since 2016
Manufacturing activity expanded at a faster pace than forecast last month, according to the Institute of Supply Management. The ISM manufacturing index jumped to 58.7 in May from 57.3 in April. Economists polled by Reuters expected manufacturing growth to hit...
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