Economy - Finance > United States

Oil prices fall on disappointing economic data from Europe and China

10 days ago   |   By Reuters

Oil prices fell on Wednesday on disappointing economic data from China and Europe and a rise in U.S. crude inventories, partly erasing the previous session's sharp gains after the United States said it would delay tariffs on some Chinese products.
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Stocks Face A Dead Cat Bounce; Gold and Bitcoin Are Likely To Move Higher

10 days ago   |   By Forbes

U.S. equity markets bounced back up yesterday because of the optimism on U.S.-China trade war optimism. I am not convinced because this is the same old film, and this is the reason that I think both gold and Bitcoin are likely to move higher
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News Brief: Hong Kong Protests, China Tariffs, Placido Domingo

10 days ago   |   By NPR

Mainland China seems to be ramping up efforts against Hong Kong protesters. The U.S. is delaying some new tariffs against China. One of opera's most popular stars faces sexual misconduct allegations.
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China's Slumping, So What's Up With Coal?

10 days ago   |   By Washington Post

Blame the trade war and Xi Jinping's creed of self-reliance for this spending boom. Prices will suffer.
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China's economy worsens in July, industrial growth at 17-year low as trade war escalates

10 days ago   |   By Reuters

China's economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.
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Germany's economy just shrank, meaning Europe's biggest economy is 'teetering on the edge of recession'

Germany's economy just shrank, meaning Europe's biggest economy is 'teetering on the edge of recession'

10 days ago   |   By Business Insider

Germany's economy shrank 0.1% in the second quarter, driven by a decline in exports due to the US-China trade war.
The slowdown is bad news given Germany is Europe's largest economy and a key player in the eurozone.
The contraction comes after the UK economy shrunk last week for the first time since 2012 due to Brexit fears, underlining how political uncertainty is weighing on Europe.
View Markets Insider's homepage for more stories.
Germany's economy shrank by 0.1% in the three months to June, signaling a recession could be looming.
The decline marks a sharp shift from the 0.4% growth it...
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US futures point to slightly higher open

10 days ago   |   By CNBC

Market focus is largely attuned to trade developments, after the U.S. delayed tariffs on some Chinese imports in the previous session.
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How the U.S.-China Trade War Got to This Point

10 days ago   |   By Washington Post

The trade war roiling the global economy is being fought not trench by trench but product by product. A typical salvo was a tariff placed by the U.S. in 2018 on imports from China of “Harrows , scarifiers, cultivators, weeders and hoes for soil preparation or cultivation.” That has since morphed into a threat of tariffs on toys and clothes as negotiations and truces come and go. Beyond the fine print are broad issues such as market access, intellectual property and the proper ro
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Democratic presidential candidates don't want to sound too happy about the...

Democratic presidential candidates don't want to sound too happy about the prospect of a Trump recession - even though it could be their ticket to victory in 2020

Associated Press Democrats face a dilemma in how to respond to the looming prospect of an economic downturn, which would likely dent US President Donald Trump's chances of... Read more ...

Trump lashes out after Fed chief Powell signals the central bank won't cut...

Trump lashes out after Fed chief Powell signals the central bank won't cut rates as much as the White House wants

Associated Press Federal Reserve Chairman Jay Powell signaled in a highly anticipated speech on Friday that the central bank was open to further interest-rate cuts. But... Read more ...

Kashkari suggests Fed use a tool from 2008 recession to fight a slowdown now

Kashkari suggests Fed use a tool from 2008 recession to fight a slowdown now

MINNEAPOLIS - As President Donald Trump stokes debate about whether the Federal Reserve is doing enough to keep the economy strong, the president of the Federal Reserve Bank of... Read more ...

More Rate Cuts? Powell Says Fed Is Ready To Help Economy Grow Amid Trade...

More Rate Cuts? Powell Says Fed Is Ready To Help Economy Grow Amid Trade Tensions

The central bank will "act as appropriate" to sustain the economic expansion as the trade war with China takes a toll on global growth and parts of the U.S. economy, Fed... Read more ...

New Home Sales decreased to 635,000 Annual Rate in July, Sales in June...

New Home Sales decreased to 635,000 Annual Rate in July, Sales in June revised up to New Cycle High

The Census Bureau reports New Home Sales in July were at a seasonally adjusted annual rate of 635 thousand. The previous three months were revised up combined. June was revised... Read more ...

More Rate Cuts? Powell Says Fed Is Ready To Help Economy Grow Amid Trade...

More Rate Cuts? Powell Says Fed Is Ready To Help Economy Grow Amid Trade Tensions

The central bank will "act as appropriate" to sustain the economic expansion as the trade war with China takes a toll on global growth and parts of the U.S. economy, Fed... Read more ...

Passengers slept on the floor of JFK when the airline didn't put them up...

Passengers slept on the floor of JFK when the airline didn't put them up during an 18-hour delay - but your credit card can keep that from happening to you

A recent Delta flight from New York to Los Angeles was delayed by more than 18 hours , due to weather conditions and mechanical issues, among other reasons. Passengers reported... Read more ...

Trump's latest tariffs could drag China's growth to its lowest level in...

Trump's latest tariffs could drag China's growth to its lowest level in almost 30 years - but there's still 'no chance' it will cave to US demands

China has consistently grown by more than 6% for almost 30 years, but Trump's latest tariffs could break that trend. The duties could slow growth by up to 0.5 percentage points... Read more ...

China Warns U.S. On Tariffs: Don't Underestimate Determination Of The...

China Warns U.S. On Tariffs: Don't Underestimate Determination Of The Chinese People

China's Ministry of Commerce issued the warning after President Donald Trump announced more tariffs on goods imported from the country. Read more ...

The 2020 Democratic field is slowly narrowing. Elizabeth Warren supporters...

The 2020 Democratic field is slowly narrowing. Elizabeth Warren supporters tell us why they think she can go the distance

Lauren Frias/Business Insider Presidential candidate Elizabeth Warren appeared at her 127th town hall on Wednesday evening before an estimated 4,000-person audience in Los... Read more ...