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Category: News


Energy, Industries, News

Trump Criticizes OPEC, Calling Oil Prices ‘Artificially’ High

April 20, 2018

Via: The New York Times

President Trump railed against the OPEC oil cartel on Friday, declaring that the group of oil producers had “artificially” raised oil prices and warning that such efforts would “not be accepted!” The president has frequently commented on financial markets, from […]


Industries, News, Retail & Wholesale

President Trump’s Post Office Scam Feud With Amazon Just Got Hotter

April 13, 2018

Via: Fortune

President Donald Trump ordered the creation of a task force to review business practices at the United States Postal Service, a move that could affect one of the president’s favorite corporate targets: Amazon (AMZN, +0.98%). “The USPS is on an […]


News

US personal income rose 0.4% in Feb, matching expectations

March 29, 2018

Via: CNBC

U.S. consumer spending rose marginally for a second straight month in February as households boosted savings, the latest indication the economy lost momentum in the first quarter. The Commerce Department said on Thursday that consumer spending, which accounts for more […]


Finance Tech, News, Trading

Trump’s chief metric for who is winning the trade war is moving in the wrong direction

March 28, 2018

Via: Business Insider

For most economists, a large US trade deficit is the natural and sustainable product of a very large consumer-driven economy that imports a lot of its goods. To Donald Trump and his economic team, the deficit is a scourge punishing […]


Industries, News, Others

Trump claimed the tax bill would lead to a huge boost in business spending – but there’s no sign of it yet

March 27, 2018

Via: Business Insider

Republicans’ pitch on tax cuts was fairly clear: Lower rates on corporations would spur investment and create new jobs. A new survey published by the Federal Reserve Bank of Atlanta in conjunction with Stanford University and University of Chicago Booth […]


News

It’s time to test the early warning system for the economy and stocks

March 21, 2018

Via: CNBC

“This is a test. This is only a test. If this had been an actual emergency, you would have been instructed to tune to one of the broadcast stations in your area.” When I was kid, the Emergency Broadcasting System […]


Finance Tech, News, Trading

Trump’s trade war is heating up – here are 11 stocks UBS says to avoid

March 14, 2018

Via: Business Insider

Fears of a global trade war have been ratcheted up in recent days amid warnings from China that it won’t take President Donald Trump’s newly proposed tariffs lying down. Earlier in March, the nation said it will respond in kind […]


News

Goldman Sachs Names David Solomon as Next President as Lloyd Blankfein Prepares to Exit

March 12, 2018

Via: Fortune

Goldman Sachs Group Inc. said David Solomon will become sole president of the company, elevating him over Harvey Schwartz as the successor to Chief Executive Officer Lloyd Blankfein. Schwartz, 54, will leave the firm on April 20, and Solomon will […]


News

China accuses Trump of damaging global trade

March 9, 2018

Via: ABC News

China accused U.S. President Donald Trump on Friday of damaging the global trading system by hiking steel and aluminum tariffs, while Japan and South Korea expressed alarm at potential economic costs. China’s Commerce Ministry said it “firmly opposes” Trump’s move. […]


News

U.S. Economy Adds 313,000 Jobs in February as Wage Growth Moderates

March 9, 2018

Via: TheStreet

The U.S. economy added 313,000 jobs in February, in line with expectations, while wage growth moderated to 2.6%. The wage increase was below economists’ forecasts for a 2.8% gain over the past 12 months. The unemployment rate held at a […]