Markets

by | August 22, 2019 | 02:08

The president has long maintained that the burden of the tariffs is falling exclusively on China, yet that message was undermined by his statements to reporters Tuesday prior to a meeting in the Oval Office with the president of Romania. Bush's administration to drop a similar plan. "Our economy's incredible", Trump told reporters at the White House Tuesday. "We will go into a recession".

by | August 22, 2019 | 02:05

All Ryanair flights scheduled to depart on Thurs 22 & Fr 23 form Irish airports will now operate as normal and passengers should arrive at their departure airport 2 hours prior to their scheduled departure time. Balpa said Ryanair was relying on "legal technicalities" to persuade the court to block the strike . Balpa general secretary Brian Strutton had also said on Tuesday that it was "worrying" to see Ryanair continuing to sell tickets for the days when strikes could occur.

by | August 21, 2019 | 01:00

Payroll taxes were cut temporarily during President Barack Obama's term in 2011 and 2012, in an effort to counteract a sluggish recovery from the 2008 recession. He said Democrats were trying to "will" the economy to deteriorate ahead of the 2020 election. Trump has relentlessly attacked the politically-independent central bank for raising rates in 2018, with his frustration reaching the point where he began asking aides about his ability to oust the Fed chief in discussions that were ...

by | August 20, 2019 | 01:10

U.S. President Donald Trump and Chinese President Xi Jinping are expected to discuss Huawei in a call this weekend, one of the sources said . The Commerce Department is also adding 46 Huawei affiliates to the list of 69 already affected by sanctions.

by | August 16, 2019 | 21:53

A protest takes place in Sham Shui Po district on August 14, 2019 in Hong Kong , China. President Donald Trump also responded on Twitter on Wednesday to the situation in Hong Kong , although he stopped short of the unequivocal support for the protesters exhibited by his Congressional counterparts.

by | August 13, 2019 | 00:32

Since past year, the PBoC came up with a group of researchers to establish a prototype that would aid the creation of the digital Yuan. "We'll see whether or not we keep our meeting in September", he told reporters. As The Hill reported , More than 50 percent of respondents in a new survey say they will not vote for President Trump when he seeks reelection in 2020.

by | August 11, 2019 | 01:02

Asked about the documents , a Tesla spokesman on Wednesday pointed to statements made in the company's October 31, 2018, letter to NHTSA in which it maintained that the Model 3 had the lowest risk of occupant injury of any vehicle in US government tests.

by | August 11, 2019 | 00:46

United States gold futures settled up 0.52% at $1,484.20. "Increasingly fiery rhetoric out of Washington and Beijing is fuelling worries that the conflict will amount to a longer-term headwind for global growth", Ilya Spivak, senior currency strategist with DailyFx said.

by | August 11, 2019 | 00:41

The labor market and inflation are two major concerns for the Fed's policymakers. Second, in July the International Monetary Fund downgraded its forecast for global economic growth for the second time this year because of sluggish global demands, which could weaken the USA economy.

by | August 10, 2019 | 01:07

China has raised the prospect of limiting rare earth exports to the United States in retaliation for USA tariffs, another batch of which are set up come into force from September on around $300 billion of Chinese goods. "The American economy is very strong". The dispute between the world's largest economies is spreading beyond tariffs on goods to other areas such technology and in recent days currency policy.

by | August 10, 2019 | 00:26

U.S. chipmakers such as Intel , Qualcomm , and Broadcom sent their chief executives to meet with President Trump in July in a bid to accelerate the process of obtaining licenses to sell to Huawei . "I really made the decision". The president also accused China of manipulating its currency and said USA tariffs on China have been "amazing". The Trump administration in June said it would allow some USA companies to sell technology supplies also widely available from other countries to ...

by | August 09, 2019 | 01:08

Mr Raab is due to meet his U.S. counterpart, Secretary of State Mike Pompeo , in Washington today but the face time with Mr Trump and his deputy was unannounced beforehand. Raab made the rounds in Washington this week and spoke briefly with Mr. Trump on the sidelines of scheduled meetings with Vice President Mike Pence and National Security Adviser John R.

by | August 08, 2019 | 01:27

New Zealand's central bank reduced its key rate by 50 basis points to underpin economic growth and revive inflation. At the time of writing the GBP/NZD exchange rate has rocketed up by a whopping 2% this morning propelling the pairing to a one-month high of NZ$1.9060.

by | August 08, 2019 | 01:15

To a question on real interest rates and the level which the central bank is targeting, he said this is not the right time to look at that aspect as the RBI's main focus is to meet the output gap. RBI maintains accommodative stance for monetary policy; says inflation to remain within targeted band. The RBI noted that global economic activity has slowed down since the previous monetary policy meeting in June owing to trade tensions among leading economies.

by | August 08, 2019 | 01:15

It would only be the second time that Disney managed to top $1 billion in film profit over a single three-month period, after reporting a profit of $1.01 billion in the quarter initiated by " Star Wars: The Force Awakens". Disney also included results from Hulu, the online streaming service in which it acquired a controlling stake with the Fox deal. People also held off on visiting Walt Disney World in Florida until Galaxy's Edge opens there later this month, McCarthy said .

by | August 08, 2019 | 00:57

Meanwhile Beijing appeared to be prepared to tolerate more currency weakness that could further distress the trade conflict with Washington after China allowed the yuan breach the key 7-per-dollar level for the first time in more than a decade today.

by | August 02, 2019 | 01:41

Tens of thousands of United States troops are still garrisoned in South Korea . "That said, today's launches seem to track with the behavior North Korea has shown vis-a-vis the US over the past few months of escalating pressure without crossing the line".

by | August 02, 2019 | 00:59

Stocks immediately tumbled on the news. The move comes days after U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin traveled to Shanghai for a brief meeting about trade with Chinese officials. Trump's trade war and its consequences were a key factor in the Federal Reserve's decision Wednesday to cut interest rates in an otherwise healthy US economy .

by | August 01, 2019 | 01:35

The central bank reduced its benchmark rate - which affects many loans for households and businesses - by a quarter point to a range of 2 per cent to 2.25 per cent. A key concern expressed by the Powell Fed is that Trump's pursuit of trade conflicts, with his punishing tariffs on hundreds of billions of dollars in Chinese and European goods, have escalated uncertainties for American companies.

by | July 31, 2019 | 01:58

The breach is expected to cost between $100 million USA and $150 million in 2019, mainly due to customer notifications, credit monitoring and legal support, Capital One said . District Court in Seattle on Monday, the U.S. Attorney's office said. Like Equifax, Capital One said that it would be providing free credit monitoring and identity protection to everyone involved.

by | July 30, 2019 | 01:44

Hooters' National Chicken Wing Day all-you-can-eat wings promotion is valid for dine-in only at participating locations nationwide for one day only on Monday, July 29, 2019. To get the offer, you need to be a member of the company's Wing Club, which you can access via the website . Wing Stop: Free five wings with every wing purchase on July 29.

by | July 29, 2019 | 02:59

The only problem with that is the Fed will instantly come under attack from both the markets and Trump. "If we do get a recession next year it would be because we shot ourselves in the foot with the trade tensions". The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. Spending is being supported by the lowest unemployment rate in almost 50 years, which is lifting wages.

by | July 29, 2019 | 01:13

Here's the catch for this Equifax offer: You can only claim the cash in the settlement if you certify you already have a credit monitoring service . - Freezing and/or unfreezing your credit, comparing and/or purchasing identity theft protection services, up to 10 hours, and you must certify that you are being truthful.

by | July 28, 2019 | 01:46

The company had projected its costs to be $800 million in the quarter, but the costs ended up exceeding its guidance in the end. During the quarter ended March, the number of items sold on Amazon increased by only 10%, compared to a 22% increase for the same period a year ago.

by | July 27, 2019 | 00:20

The FTC said Equifax failed to patch its network after being alerted in March 2017 to a critical security vulnerability affecting a database that handles inquiries from consumers about their personal credit data. But the ultimate price of Equifax's penalty is still uncertain: If all 147m victims cashed in on the free credit monitoring program Equifax will be required to offer, Equifax would pay more than $2B.