US-China Trade Talks Resume In Shanghai With Tempered Expectations
U.S. and Chinese trade negotiators are not showing any urgency ahead of their first official in-person meeting since the... Read more
Former Fed Chair Janet Yellen Says She's In Favor Of An Interest Rate Cut
Former Federal Reserve Chair Janet Yellen said she supports a 25-basis-point cut in the U.S. benchmark interest rate due... Read more
The Fed Is About To Cut Rates For The First Time Since 2008 As Trade War Weighs On Economic Growth
The Fed is expected to cut rates by a quarter point, in a preventative move aimed at limiting the impact of trade wars o... Read more
Recount Shows Trump Didn't Get His 3% Growth In 2018 After All
The government's latest update on economic output dashed the Trump administration's longstanding hope for 3% GDP growth ... Read more
Strong Consumer Spending Vs. Weak Business Investment: What Really Matters For The US Economy
U.S. consumer spending, the biggest part of the economy, saved the day for the record-long expansion, but a big decline ... Read more
Fed Expected To Cut Rates As Economy Feels Trade War Impact, Despite Strengthening Consumer
The Fed is expected to cut interest rates Wednesday, after second quarter GDP shows inflation is still sluggish and trad... Read more
GDP Slows To 2.1% In Second Quarter But Beats Expectations Thanks To Strong Consumer
Growth decelerated in the second quarter, but not by as much as Wall Street thought. Read more
US Growth Could Be Weakest In More Than Two Years But Latest Data Might Not Affect Fed's Next Move
The GDP report will likely have little bearing on the Fed when it holds its rates meeting next week. Read more
House Passes Two-year Debt Ceiling And Budget Deal, Sending It To The Senate
The agreement would lift the U.S. debt ceiling and permanently end the automatic spending cuts known as sequester. Read more
Hedge Fund Manager Kyle Bass Says A US-China Trade Deal Can't Be Reached
Hedge fund manager Kyle Bass is doubtful a trade deal between the U.S. and China can be reached and believes rate cuts a... Read more
US Weekly Jobless Claims Fall To A 3-month Low
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to continued... Read more
US Factory Orders For Large Manufactured Goods Surged 2% In June
Orders for long-lasting factory goods were expected to rise 0.7% in June, after sliding 1.3% a month earlier. Read more
Based On What People Are Searching For On Google, A Recession Is Nowhere Near
Search volumes for terms that were leading indicators of the Great Recession are down significantly. Read more
Mortgage Demand Falls Again, Despite Lower Interest Rates
After rising the previous week, interest rates fell back again last week, but consumers were not enthused. Read more
Why The GOP Keeps Losing The Fight In Budget Deals
Democratic leaders keep prevailing in budget negotiations by defending things that Americans want. Read more