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Tag: Economy


Energy, Industries

China drops U.S. crude oil from its target list of tariffs

August 10, 2018

Via: Market Watch

As China made good on its threat to impose 25% tariffs on $16 billion worth of U.S. imports, one big-ticket item originally on its hit list was conspicuously missing: crude oil. Oil had been one of a slate of targets […]


News

U.S. Adds 213,000 Jobs As Unemployment Rises to 4%

July 6, 2018

Via: Time

WASHINGTON — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs in a sign of confidence despite the start of a trade war with China. The Labor Department said Friday that the unemployment rate rose […]


Finance Tech, Trading

What a full out trade war would cost the global economy

July 3, 2018

Via: CNBC

A full-blown trade war would punch a hole in global economic growth because of reduced trade volume, supply chain disruptions, and lost confidence. Quantifying just how much damage an entrenched trade battle could wreak upon the international community is a […]


News

The U.S. Economy May Be Booming, But Americans Aren’t Saving

June 20, 2018

Via: Fortune

Despite recent job gains, rising wages and falling unemployment, almost a quarter of Americans said they still have no emergency savings, according to an annual Bankrate.com report released Wednesday. The number of Americans who said they have no money readily […]


Capital, Finance Tech

How to keep on top of your personal finances in a growing economy

June 14, 2018

Via: USA TODAY

The economy has shifted into high gear, with corporate profits surging, bankruptcies and foreclosures tumbling and the national unemployment rate easing to 3.8%, an 18-year low. Americans have become more optimistic, but their personal finances don’t necessarily mirror the economy’s […]


News

U.S. Economy Adds 164,000 Jobs, Missing Estimates for Second Month

May 4, 2018

Via: TheStreet

The U.S. economy added 164,000 jobs in April, missing expectations, though the unemployment rate fell to a lower-than-expected 3.9%, the Labor Department said Friday. The job gains fell short of economists’ estimates of a 192,000 increase in non-farm payrolls, while […]


News

Fed Officials Worry the Economy Is Too Good. Workers Still Feel Left Behind.

April 26, 2018

Via: The New York Times

WASHINGTON — Ann Jacks quit her job as a restaurant chef in North Carolina, started her own business and worked 80 hours a week for two years, before exhausting herself and her patience. She shut down the company and, in […]


Finance Tech, Trading

US stocks are mixed and bond yields set four-year highs

April 23, 2018

Via: ABC News

U.S. stocks are mixed Monday morning as health care and industrial companies make gains and energy companies slip with oil prices. Bond prices continue to fall and the yield on the 10-year Treasury note is getting close to 3 percent, […]


Finance Tech, Trading

Trade tensions are just one of the three biggest challenges for the global economy, IMF says

April 20, 2018

Via: CNBC

While the “sun is still shining” on the global economy, clouds could be looming over the horizon, warned Tao Zhang, a deputy managing director for the International Monetary Fund. Speaking with CNBC’s Joumanna Bercetche on Thursday, Zhang said there are […]


Finance Tech, Financial Services, Industries, Trading

Tax cuts were supposed to juice the economy, but banks aren’t seeing it

April 16, 2018

Via: Market Watch

Is the tax revamp signed into law in December helping banks? One quarter in, earnings results show that it’s complicated. On Friday, JPMorgan Chase JPM, -2.71% said its quarterly profit jumped by more than one-third to an all-time high, helped […]