Longtime Washington insider David Gergen sharply criticized President Trump’s approach to foreign policy on Thursday but warned Davos that “discontented voters” will still be there even after the Trump presidency.
While the headline number still indicates a contraction of factory activity, expectations for key components improved in January.
Because a law signed last week guarantees furloughed workers will be paid, they will not be counted as unemployed even if they are not working.
The share of Democrats saying the economy is improving fell from 32 percent in November to 18 percent in January.
The U.S. faces a January 30 deadline to formally request extradition from Canada for Huawei executive Meng Wanzhou.
Snow and extreme cold may slow down the economy, but the effects tend to thaw once the deep chill is gone.
Skeptics of China’s economic statistics suspect the country’s economy may be even worse off.
China says it will buy more U.S. products but there is no sign of progress on tougher issues at stake in the trade dispute.
Ever since the big Christmas Eve sell-off, stocks have been recording surprisingly strong gains.
Shares of mortgage giants Fannie Mae and Freddie Mac soared on the news.
Stock market sell-off, government shutdown, and concerns about future growth pulled consumer sentiment down to lowest level of Trump presidency.
Total industrial production rose 4.0 percent in 2018, much higher than 2.9 percent in 2017 and 2016’s paltry 0.5 percent gain.
Some of the hedge funds that long ago made bets on the recovery of Fannie Mae and Freddie Mac have greatly benefited in the first few weeks of 2019 as a Trump appointee ascended to become the acting chief of the regulator in control of mortgage giants.
Lighthizer still opposes giving in but President Donald Trump is reportedly pressuring him to get a China deal done.
Jobless claims fell last week.
Probe arose out of civil lawsuits alleging Huawei stole technology from U.S. companies.
In the last shutdown, tens of thousands of federal workers filed for unemployment benefits.
New York’s state of mind was decidedly less buoyant than expected in December.
The trade truce may wind up with no deal and tariffs going up.
December price data defy predictions that tariffs would push price levels higher.
Volkswagen is making a big bet on mass-market electric vehicles.
Even with tariffs, the trade gap is still growing.
“One ring to rule them all, one ring to find them, One ring to bring them all and in the darkness bind them.”
Regulators gave banks the greenlight to help out borrowers while the government is shut down.
Can Jerome Powell sing?
Consumer prices on many items subject to tariffs actually fell in December, defying predictions that the trade war would weigh on American consumers.
Inflation is still very tame and even seems to be slowing down.
The big question is how much the slowdown around the world becomes a drag on U.S. growth.
No signs of trouble from either shutdown or tariffs.
The Fed looked everywhere but in the mirror as it sought to understand market volatility in December.
