Is the U.S. Consumer ‘Wavering’? Slowing Retail Sales Are a Warning Sign That the Economy May Be in Trouble

October 17, 2019

Via: Fortune

If the U.S. economy has a hero in 2019, it’s the American consumer. Amid a global slowdown and bearish forecasts of a U.S. recession, bulls have consistently pointed to robust consumer spending as a strong trend that can shore up […]

Silicon Valley is losing its war against paying tax on big-tech revenues

October 9, 2019

Category: News

Silicon Valley’s war against paying tax on revenue as well as profits isn’t going well. The Organization for Economic Cooperation and Development, which sets international tax standards, has proposed an overhaul of cross-border tax rules that would give governments more […]

Stocks fall after data show deepening U.S. manufacturing woes

October 1, 2019

U.S. stocks gave up early morning gains to trade lower Tuesday morning after the Institute for Supply Management’s survey of U.S. manufacturers showed the sector falling deeper into contraction, as President Trump’s trade war with China drags on. What are […]

Capital, Finance Tech

BlackRock Beats Earnings Estimates, Records $84 Billion of Net Inflows

October 15, 2019

Via: TheStreet

BlackRock (BLK – Get Report) reported third-quarter earnings of $7.15 a share, beating estimates of $6.96, as the money manager reported $84 billion of quarterly net inflows, up from a year-earlier loss of $3.11 billion. The company reported year-earlier adjusted […]

Energy, Industries

Saudi Aramco Says Damage From Drone Attacks That Plunged World Oil Market Into Chaos Is Already Fixed

October 14, 2019

Via: Fortune

In the wee hours of a sweltering Saturday in September, a volley of missiles and aerial explosives pierced the heart of Saudi Arabia’s oil industry. The attacks knocked out about 5% of global oil production almost immediately, yet one month […]

Finance Tech, Trading

China’s Trade With the U.S. Shrinks Again in September

October 14, 2019

Via: Time

BEIJING (AP) — China’s trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession. Exports to the United States, China’s biggest foreign market, fell 17.8% […]