Business News
IMF’s Gopinath says U.S. monetary policy being accommodative and data driven
International Monetary Fund chief economist Gita Gopinath said on Friday that U.S. monetary policy is being accommodative and data driven.
Year: 2019
Business News
Trump meets with trade team at White house: CNBC reporter on Twitter
President Donald Trump was meeting with his trade team at the White House, according to CNBC, after China imposed retaliatory tariffs on U.S. goods and the Republican leader told American companies to get out of China.
Business News
Trump’s China trade comments send US stocks tumbling
Wall Street’s main indexes lost more than 1% on Friday after President Donald Trump said U.S. companies should “immediately start looking for an alternative to China” after Beijing officials earlier retaliated by imposing tariffs on U.S. goods.
Business News
Qualcomm wins a pause in enforcement of FTC ruling
Qualcomm Inc won a partial stay against the enforcement of a sweeping antitrust ruling in a lawsuit brought by the Federal Trade Commission (FTC), according to a court filing on Friday.
Trading Ideas
Why Capitalism Doesn’t Need to Be Reformed
Many people – especially those who stand to benefit politically – have claimed that capitalism is broken.
Today, Alexander Green explains why our free market society is working exactly as it should, and how anyone can use it to achieve a rich life.
For years now, some folks have claimed that capitalism is broken and needs to be reformed.
Notably, this week the Business Roundtable, a group made up of the CEOs of 192 of the largest U.S. companies, seemed to endorse the idea as well.
They even issued a statement:
Americans deserve an economy that allows each person to succeed through hard work and …read more […]
Business News
Worldpay charges, disclosed in fine print, anger small U.S. merchants
Mark VenHuizen, the comptroller of a family business which sells parts for boat engines in Florida, says he has complained three times to Worldpay Inc since 2016 for tacking on extra fees to process his customers’ credit and debit card payments without clearly telling him about it.
Business News
Wall St drops 1% after Trump’s China salvo
Wall Street’s three main indexes lost about 1% on Friday after President Donald Trump said U.S. companies should “immediately start looking for an alternative to China” after Beijing officials earlier retaliated by imposing tariffs on U.S. goods.
Business News
Trump presses U.S. companies to close China operations
President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, a rhetorical strike at Beijing as trade tensions mounted.
Business News
Powell says Fed will ‘act as appropriate’ but offers little more guidance
The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.
Business News
China strikes back at U.S. with new tariffs on $75 billion in goods
China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world’s top two economies.
Business News
Powell: Fed to act as appropriate to keep expansion going
The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.
Business News
China to impose extra tariffs on U.S. soy, beef and pork
China said on Friday it will impose an extra 5% tariff on U.S. soybeans from Sept 1, and additional 10% duties on U.S. wheat, corn and sorghum from Dec. 15, in Beijing’s latest retaliatory trade measures https://www.reuters.com/article/us-usa-trade-china/china-strikes-back-in-trade-dispute-with-u-s-with-new-tariffs-idUSKCN1VD1AJ against Washington.
Business News
For world’s central banks, a call to hang together
Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world’s major economies grew closer together.
Business News
Powell: Fed to act as appropriate to keep expansion going
The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.
Business News
Powell: U.S. in ‘favorable’ place, Fed will ‘act as appropriate’
The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.