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Category: News


News

World economy forecast to slow in 2019 amid trade war with China, rising US interest rates

January 21, 2019

Via: USA TODAY

DAVOS, Switzerland (AP) — The world economy will be more sluggish this year, the International Monetary Fund warned Monday, citing trade disputes that have seen China slow to its weakest pace in 30 years as well as the impact of […]


News

Malaysia will forget all about the Goldman Sachs 1MDB scandal for the low low price of $7.5 billion

January 18, 2019

Via: Business Insider

Malaysia’s finance minister has hinted that the country’s government may consider dropping charges against Goldman Sachs over its alleged role in the 1MDB scandal. For a price. Lim Guan Eng told reporters on Friday that Malaysia would consider a settlement […]


Capital, Finance Tech, News

Trump Could Divert Billions of Dollars Intended for Disaster Relief to Pay for Border Wall

January 11, 2019

Via: Fortune

On Saturday, the current government shutdown will become the longest in U.S. history. And with no negotiated end to it in sight, President Trump is reportedly considering alternative methods to secure funding for his border wall — including taking money […]


News

The government shutdown threatens the US with a credit-rating cut for only the 2nd time in history

January 9, 2019

Via: Business Insider

Fitch, one of the “Big Three” ratings agencies, has warned that the continued government shutdown puts the US at risk of losing its “AAA” credit rating in the near future. Speaking in London Wednesday, James McCormack, Fitch’s global head of […]


News

Trump Threatens Again to Close the Border Over Government Shutdown and Wall Funding

December 28, 2018

Via: Fortune

Donald Trump threatened to close the U.S.-Mexico border on Friday as a week-long partial government shutdown appeared likely to stretch into 2019 because of an impasse over funding for the president’s proposed border wall. “We will be forced to close […]


News

Will the hot economy and job market go cold in 2019?

December 21, 2018

Via: USA TODAY

This year is likely a high-water mark for the U.S. economy, but 2019 won’t be anything close to the plunge into the abyss that recent stock market gyrations have suggested. If the economy were a jet that finally reached cruising […]


News

Here’s what research shows about immigration’s impact on an economy

December 20, 2018

Via: CNBC

Controlling immigration was one of U.S. President Donald Trump’s primary arguments during the 2016 election, with him campaigning to limit entries into the U.S. and proposing building a wall along the U.S.-Mexico border. The political debate continues to rage today: […]


News

Why Record $1.465 Trillion Student Debt Could Test U.S. Economy

December 17, 2018

Via: Fortune

U.S. student loan debt outstanding reached a record $1.465 trillion last month and one particular set of borrowers is having a hard time paying back their loans, according to a Bloomberg analysis of student loan securitization data. This debt is […]


News

CFOs are sounding the alarm on the US economy — most expect a recession by the end of 2020

December 13, 2018

Via: Business Insider

Some 82% of chief financial officers say they see a recession beginning by the end of 2020, while nearly half see it even earlier, by the end of 2019. That’s according to a survey of US CFOs in the Duke […]


News

Small-business sentiment slumps to 7-month low in November

December 11, 2018

Via: Market Watch

The numbers: The National Federation of Independent Business small-business optimism index fell 2.6 points in November to a seasonally adjusted level of 104.8, the lowest in seven months. Most of the decline coming from expectations about future sales and business […]