Monday, President Trump again demanded that the Fed cut interest rates in the wake of an attack in Saudi Arabia over the weekend led to a major Crude Oil disruption. In a pair of tweets Monday, the President questioned whether the Fed would “ever get into the game” and said the central bank and its Chairman, Jerome […]
$OIL, $USO Monday, President Trump said said that it looked like Iran was responsible for attacks at the weekend on Saudi Arabian Crude Oil plants, but he does not want war with anyone, is in no rush to respond and is trying to find out who was behind the strikes. Several of his Cabinet officials […]
$SPY, $SPX The Fed is set to cut interest rates this week and may still not be done delivering monetary stimulus to the economy yet this year. Having already reduced their benchmark in July to 2.0%-2.25%, Chairman Powell and colleagues will pare another 25 bpts Wednesday to support the slowing economy, according to a survey […]
Now, less than 14 months before Election Day, the President’s team is banking his re-election hopes on identifying and bringing to the polls hundreds of thousands of Trump supporters; people in closely contested states who did not vote in Y 2016. The campaign is betting that it may be easier to make voters out of […]
More than 67% of North American CFOs (chief financial officers) surveyed by CNBC say President Trump will be re-elected in Y 2020. About a 25% believe former Vice President Joe Biden will win. This is the 1st time the CNBC Global CFO Council survey has asked executives about the upcoming elections. The survey also showed that a majority […]
$DIA, $SPY, $QQQ, $RUTX, $VXX With US-China trade tensions having roiled financial markets, investors are counting on support for stocks coming from a Fed willing to keep cutting interest rates to help the US economy avoid a severe downturn. A 1/4th pt rate reduction is expected when the FOMC issues its next policy statement this […]
The Senate confirmed President Trump’s 150th judicial nominee this week, bringing the total to 152, including 2 Supreme Court justices, a milestone lauded by Trump himself Friday. “Historic Milestone indeed!” President Trump said on Twitter, referencing a report from The Washington Examiner . The 150 milestone was reached Wednesday, said Senate Judiciary Committee Chairman Lindsey Graham (R-SC). “I’m […]
Attention: Now what really matters is just what the President does and is going to do. President Trump blames the Fed for a slowing US economy, some blame it on him. A survey conducted with YouGov showed 28% of American adults believe the President in general is most responsible for the economy. That surpasses the […]
U.S. President Donald Trump is prepared to keep or even raise tariffs on Chinese imports amid ongoing trade talks, Treasury Secretary Steven Mnuchin said on Thursday, after both sides granted concessions ahead of the next round of negotiations. Still, Mnuchin said in an interview on CNBC, U.S. officials were looking to make progress when talks […]
President Trump is reportedly considering a French plan to allow a $15-B credit for Iran should it come back and comply with the Iran nuclear deal, according to US and foreign officials. The plan was originally floated by French officials but contingent on US approval. President Trump has recently lightened his stance and appeared to […]
$XAU, $GLD Gold steady ahead of ECB meeting Thursday and FOMC meeting next week Gold futures remarked Key $1,500 oz Wednesday, as traders weighed President Trump’s latest Tweet calling for the Fed to cut interest rates down to Zero, ahead of the FOMC’s meeting next week. Prices for the precious Yellow metal traded between modest […]
In a series of Tweets early Wednesday, President Trump wrote that “boneheads” at the Fed should lower interest rates to Zero or below so that the US could decrease its borrowing costs. As a property developer, President Trump is thinking about negative rates from the perspective of a borrower. But, the Fed’s lukewarm appetite for negative […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street finished higher on the strength in growth and value stocks President Trump met with economic aides Wednesday to discuss the possibility of cutting the tax on capital gains by indexing them to inflation His advisers updated on the issue, and a final decision on whether to pursue the […]
Americans are commemorating 9/11 with mournful ceremonies, volunteering, appeals to “never forget” and rising attention to the terror attacks’ extended toll on responders. The commemoration of the 18th anni of the September 11 terror attacks will begin at the World Trade Center in New York with a moment of silence and tolling bells. Victims’ relatives, […]
The Census bureau said on Tuesday that the median US household income was $63,179 in 2018, up from the $62,626 registered in Y 2017. The data reflect a year in which U economic growth was boosted by Trump’s tax overhaul and a rise in government spending. The unemployment rate fell to 3.9% by the end of Y […]
Tuesday, Secretary of State Mike Pompeo said that President Trump may meet with Iranian President Hassan Rouhani at the upcoming United Nations meeting, with “no preconditions.” Secretary Pompeo made the comments at a press briefing to unveil new sanctions on groups including Iran’s Islamic Revolutionary Guard Corps. An official familiar with the disagreements between President […]
Tuesday, President Trump sacked John Bolton, his hawkish national security adviser with whom he had significant disagreements on Iran, Afghanistan and a number of other global challenges. “I informed John Bolton last night that his services are no longer needed at the White House. I disagreed strongly with many of his suggestions, as did others […]
$FB, $TWTR President Trump has used Twitter (NYSE:TWTR) as a direct connector to his supporters throughout his Presidency sidestepping the MSM, and he will soon have another tool to get his message out unfiltered. The Trump reelection campaign is launching a social networking app to harness the dedicated energy among his army of supporters. The coming […]
$FMCC, $FMNA Fannie Mae and Freddie Mac spiked on good news for investors. US Treasury Secretary Steven Mnuchin said he will soon reach a deal to allow the 2 mortgage giants to retain earnings and a legal victory that gave shareholders renewed hope of getting their hands on some of the companies billions of dollars […]
President Trump and his administration has taken a lot of heat for the policies put in place to stem illegal immigration and border crossings, and the moves are working. A new report cites government data for border arrests, which dropped to 51,000 in August, a 60% decrease from a high in May. “What the numbers […]
The tariffs on China have not had a significant effect on the United States’ economy, and will continue until or unless a solid trade deal is reached between the 2 countries, US Treasury Secretary Steven Mnuchin said Monday. “If we can get a good deal, a deal that is good for us, we will sign […]
The Trump Administration will continue to impose sanctions on whoever purchases Iran’s Crude Oil or conducts business with Iran’s Revolutionary Guards and no Crude Oil waivers will be re-issued. “We will continue to put pressure on Iran and as President (Trump) said there will be no waivers of any kind for Iran’s oil,” said Sigal […]
Saturday evening, President Trump said he canceled peace talks with Afghanistan’s Taliban leaders after the insurgent group said it was behind an attack in Kabul that killed an American soldier and 11 other people. President Trump said he planned a secret meeting with the Taliban’s “major leaders” Sunday at the Presidential compound in Camp David, Maryland. […]
On Thursday morning, 5 September,Chinese and US chief trade negotiators spoke on the phone call, China initiated the call, agreeing to hold the 13th round of high-level economic and trade talks in Washington in early October and maintain close communications going into that negotiation. The message, made public, lifted the stock markets in many countries, […]
This tight US labor market is manifesting a booming demand in industries with an abundance of female workers is drawing more women back into the workforce, helping to shrink the longstanding gap in the labor participation rate between men and women to the narrowest on record a report showed Friday. Other parts of a report […]
$MSFT Microsoft (NYSE:MSFT) co-founder Paul Allen’s 414-ft Mega yacht Octopus is up for sale. It is on offer at $325.5-M. This is where A-listers partied, rock stars have recorded, and many adventures happened. The yacht, launched in Y 2003, was “less a Bentley than a Range Rover,” Mr. Allen said. And like a Range Rover, the […]
Friday, President Trump hammered Fed Chairman Powell for not lowering interest rates, asking “where did I find this guy,” in a Tweet. President Trump was responding to Jim Cramer, who said Friday that Mr. Powell should acknowledge that he should not have raised rates last year. “Why can’t the Fed chief say, ‘You know what? I […]
$FMCC, $FNMA Thursday, the US Treasury said the government should draw up a plan to begin recapitalizing mortgage giants Fannie Mae (OTCMKT:FNMA) and Freddie Mac (OTCMKT:FMCC), while calling on Congress to develop a comprehensive housing reform that would allow them to be safely freed from government control. The Treasury’s plan, released in a 53-pg report, […]
$GM General Motors (NYSE:GM) Chairman/CEO Mary Barra said her face-to-face session with President Trump Thursday was “productive and valuable, declining specifics. The head of the largest US automaker met with President Trump after he stepped up attacks on the Detroit automaker. He has been hammering GM for much of the last year after the company […]
According to The Trump Administration, America is winning the trade war with China. However, the Middle Kingdom’s economic machine may be slowing, but President Xi Jinping is unlikely to sue for peace anytime soon, at least not on terms acceptable to American interests. China’s economic system is antithetical to American democratic capitalism. Its buccaneer commercial policies flaunt the […]
$DIA Wednesday, President Trump said his trade war with China has hurt the performance of the US stock market, but that he had to confront the country’s economic practices. “Let me tell you, if I wanted to do nothing with China, our stock market, our stock market would be 10,000 points higher than it is […]
President Trump began work on the Wall himself all that will span the entire US-Mexico border. “Rome wasn’t built in a day,” he said after that inaugural swing, “and the same is true for this Wall. I will be dead long before it’s completed. But that is okay, because it’s never been about me. It […]
$AUD, $WON, $JPY, $USO, $BAC OK, the US -China not being not having a date-certain schedule for the September trade talks yet, now is a good time for you too to start thinking about betting on a trade deal, as it has begun. “I am still reasonably optimistic,” David Woo, head of global rates and foreign […]
Tuesday, President Trump said that trade talks between the United States and China were going well, though he warned that he would be “tougher” in negotiations if they dragged on until his 2nd term. “We are doing very well in our negotiations with China,” President Trump wrote on Twitter, arguing that Beijing could not afford […]
…got the Trump Kiss of Death and sacked! James Comey tried to ‘frame‘ President Trump in memos the former FBI director kept of their conversations, President Trump’s lawyer Rudy Giuliani charges. In an interview aired Sunday the former New York City mayor and federal prosecutor called the tactic “horrid.” “In a case involving the President […]
The United States began imposing additional tariffs on Chinese goods Sunday, but U.S. President Donald Trump said the sides would still meet for talks later this month. President Trump Tweeting, said his goal is to reduce US reliance on China and again urged American companies to find alternate suppliers outside China. This fresh round of […]
The trade war between the world’s two largest economies entered a new phase on Sunday, as US tariffs targeting Chinese-made products and Beijing’s retaliatory hikes on American imports both kick in. Washington introduced 15 percent tariffs, hiked from the previous 10 percent, at 12:01 am EDT (04:01 GMT) on the first day of September. It […]
“We’re going to win the fight,” President Trump told reporters. “We are having conversations with China, meetings are scheduled, calls are being made. I guess the meeting in September continues to be on, it has not been canceled,” he said. The White House has not announced a date for that meeting. Tariffs kick in on […]
Brazilian President Jair Bolsonaro said Friday that his son and the country’s foreign minister are in the United States to discuss possible US aid for devastating fires in the Amazon region. President Bolsonaro said he had asked President Trump for “help” and that President Trump had said “he couldn’t make a decision without hearing from […]
Again Friday, President Trump hammered the Fed in 3 Tweets; declaring in 1 that the US economy does not “have a tariff problem, we have a Fed problem.” “The Euro is dropping against the dollar ‘like crazy,’ giving them a big export and manufacturing advantage … and the Fed does NOTHING!” President Trump said in 1 […]
Friday, President Trump, while speaking out on Twitter about the Inspector General’s report on James Comey’s actions, Tweeted a compilation of comments from a Democratic former CIA officer who said on Fox News that Comey tried to “kneecap our duly elected President.” President Trump pointed out the former officer, Bryan Dean Wright, had commented on “Fox and Friends” that […]
President Donald Trump said US and Chinese trade officials were due to hold discussions on Thursday, days before Washington is due to raise tariffs on billions in Chinese goods. “There’s a talk scheduled for today at a different level,” Trump told Fox News Radio, without elaborating. He rebutted prior news reports skeptical of his claims […]
Top Federal health officials issued a national warning Thursday against marijuana use by adolescents and pregnant women, as more states legalize the increasingly potent drug for medicinal and recreational use. Health and Human Services (HHS) Secretary Alex Azar and Surgeon General Jerome Adams made the announcement, with Secretary Azar calling marijuana “a dangerous drug.” Officials […]
$USD US Treasury Secretary Steven Mnuchin said The Trump Administration does not intend to intervene in the USD market now, but signaled he prefers any future move be coordinated with the Fed and global allies. The Treasury Department has “no intention of intervention at this time. Situations could change in the future but right now […]
Thursday, President Trump continued hammering the Fed for not cutting rates, which he claims has held back the economy, despite the Fed shaving 1/4pt from the fed funds rate in July. Chairman Powell is in the grinder. “The Economy is doing GREAT, with tremendous upside potential! If the Fed would do what they should, we […]
President Trump tweeted Wednesday that the wall on the southern US border was “going up very fast despite total obstruction by Democrats in Congress and elsewhere” from varying news reports about the structure’s status. The tweet also linked to an Instagram post showing drone footage from US Customs and Border Protection (CPB) of the wall’s progress. President Trump’s […]
Wednesday, President Trump called Puerto Rico “one of the most corrupt places on earth” as the US territory prepared for a hit by Tropical Storm Dorian, which brought back memories on the island of devastation from hurricanes 2 years ago. Tropical Storm Dorian threatens Puerto Rico with a direct hit at near-hurricane force Wednesday and […]
Prime Minister Boris Johnson will suspend Britain’s Parliament for more than a month before BREXIT, enraging opponents and raising the stakes in the nation’s most serious political event in decades. Cheered President Trump, Mr. Johnson launched the move to take the country out of the EU by 31 October with or without an exit deal, […]
Tuesday, the Fed rejected a call from a former policymaker to counter President Trump’s trade agenda by refusing to “play along” and denying the President the interest rate cuts he demands. “The Federal Reserve’s policy decisions are guided solely by its congressional mandate to maintain price stability and maximum employment,” a Fed spokeswoman said. “Political […]
Tuesday, President Trump continued his attack on the Fed, saying it “loves watching our manufacturers struggle with their exports to the benefit of other parts of the world.” “Has anyone looked at what almost all other countries are doing to take advantage of the good old USA?” the President asked on Twitter. “Our Fed has been calling […]
$CGC, $TLRY, $CRON, $ACB, $HEXO, $APHA Marijuana is still illegal within US borders on a federal level, but with Canada legalizing it in October of 2018, many believe that the United States will follow in the near future. The notion is that President Trump will not move to legalize it anytime soon if at all. […]
$GLD, $SLV, $USD, $XAU, $XAG Gold rose more than 1% Tuesday as fears of a possible recession gripped investors following disappointing US economic data, while silver marked $18 for the 1st time in nearly 2 years. Spot gold was up 1% at $1,540.57 oz at 1:41p EDT (1741 GMT), US gold futures for December settled […]
French President Emmanuel Macron is still calling for a new global economic order, decrying an “unprecedented crisis” in the market economy in an attempt to become the leader of the EU, a failed socialist experiment that is falling apart. Amid what he calls the uncertainty of US trade policies, Mr. Macron said the market economy […]
President Trump said the United States would not imminently impose new tariffs on autos imported from Japan as the largest and 3rd-largest economies continue negotiations to firm up a preliminary trade agreement. At a press conference during a G-7 Summit in Biarritz, France, President Trump was asked if he was still considering the levies, which […]
When it comes to travel, your manners are the carry on that matters most. Travel broadens the mind, but there are often an unwritten rules governing behavior. From the expectations of other tourists to ingrained traditions and customs, and you do not want to offend. To avoid making a faux pas that ruins your trip, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street began this week on higher note following President Trump’s trade comments Monday, President Trump scaled back a US-China trade dispute declared that the 2 sides will begin serious negotiations soon. President Trump said his trade negotiators had received 2 “very good calls” from China Sunday. “I think we’re […]
Lots of investors have overlooked the story about the stock market and President Trump’s policy on the trade dispute with China dispute, some are calling it a war, I am calling Super Business Dealings Here we explore the issue with the help of this chart, you have to click for it as it is content […]
President Trump said Monday that China is taking a significant financial hit as a result of his escalating trade fight. “China has taken a very hard hit over the last number of months,” President Trump said, and they are likely ready to make a deal with the United States. President Trump noted that China had […]
UK Prime Minister Boris Johnson said he is prepared to take BREXIT talks with the EU down to the very last minute before the 31 October exit deadline, and if necessary to take a decision to leave without a deal on that day. PM Johnson has 68 days to convince the EU to give him […]
$MSCI FLASH: Fund Manager Who Beat 98% of Peers Says Stay Calm and Buy Stocks Trade war? Yes. Global slowdown? Yes. Volatile market? Yes. The Big Q: Does that mean investors should cash out and run? The Big A: Not this top-performing fund manager, she is staying put. Joanna Kwok, who co-manages the JPMorgan Asia […]
President Trump is open for diplomacy with Iran after French President Emmanuel Macron flew in Iran’s foreign minister to a G-7 Summit in an effort to reduce US-Iranian tensions. EU leaders want to ‘tamp down‘ down the confrontation between Iran and the United States since President Trump pulled Washington out of the multinational Y 2015 […]
President Trump has scaled back a US-China trade dispute partly blamed for a global economic slowdown, declaring Monday that the 2 sides will begin serious negotiations soon. President Trump said his trade negotiators had received 2 “very good calls” from China Sunday. He said the Sunday evening conversations were a sign China is serious about […]
President Trump is applauding the Louisiana team that claimed its 1st Little League World Series title, tweeting: “Congratulations to Louisiana’s Champions. See you at the White House!” The team from suburban New Orleans beat Curacao 8-0 to win the title Sunday. The champions fought their way back through the losers’ bracket, winning six games in eight […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Recession Special Report Bank of America’s (NYSE:BAC) CEO has just 1 reason why he does not see a recession looming. Mr. Moynihan says the “US consumer continues to spend and that will keep the US economy in good shape.” “But what is going to make that happen is the underling […]
“Each of our nations is totally unique with our people and our own sovereign obligations. But we can coordinate together and achieve a common good.“– President Donald J. Trump His Mission Statement WORKING WITH G7 PARTNERS: President Donald J. Trump will meet with leaders of G7 nations to further our cooperation and relations with several […]
President Trump has threatening to use the emergency authority granted by a powerful federal law to make good on his Tweeted “order” to US businesses to cut ties in China because of the escalating trade dispute between the 2 nations. China’s announcement Friday that it was raising tariffs on $75-B , nothing in a $32-T […]
US Treasury Secretary Steven Mnuchin said Sunday all leaders gathered at the G7 Summit in France are talking about the US economy as “the bright spot in the world.” In a TV interview Sunday Secretary Mnuchin said the leaders at the G-7 meeting want to “replicate” the economic policies of President Trump and his administration. […]
Sunday, when President Trump said he had 2nd thoughts about escalating the trade dispute with China, he meant that he wished he had raised tariffs on Beijing even higher, the White House said. President Trump, who announced higher tariffs on Chinese goods last week, raised eyebrows during a meeting with UK PM Boris Johnson at […]
The Dow Jones Industrial Average took a dive of more than 600 points on Friday, hours after US President Donald Trump ordered US companies to move their operations away from China,Trendreports citingSputnik . The Dow closed by 623.34 points, the S&P 500 by 75.84 points and NASDAQ plummeted by 239.62 points. Hours before Friday’s closing […]
Squabbles erupted among G7 nations Saturday as their leaders gathered for an annual summit, exposing sharp differences on global trade tensions, Britain’s exit from the EU and how to respond to the fires raging in the Amazon rainforest. French President Emmanuel Macron, the summit host, planned the three-day meeting in the Atlantic seaside resort of […]
The day before, China decided to impose 10 percent and 5 percent tariffs on $75 billion worth of imported American goods, while US President Donald Trump responded by saying that the US would increase tariffs against China even more,Trendreports citingSputnik . The UK risks being drawn into a global trade war amid the US-China row, […]
Trade deals and the reform of WTO are better than trade wars. Trade wars will lead to recession, while trade deals will boost economy, said Donald Tusk, president of the European Council, on Saturday. He called for putting a stop to trade wars, Trendreports citing Xinhua . “Trade wars among G7 members will lead to […]
Security, trade tensions, fighting inequalities and climate challenges will be key issues of the three-day G7 summit that will start on Saturday evening in Biarritz, in southern France, President Emmanuel Macron said in a televised speech,Trendreports citingXinhua . “This meeting is useful, important (…) otherwise we would have to divide among ourselves,” said Macron, adding […]
The latest USC Dornsife/Los Angeles Times poll shows most eligible voters expect President Trump to be reelected, and majority are ‘unhappy‘ about that. Registered voters predict Donald Trump’s reelection, but less than 33% would be happy about it, according to a national poll released Thursday. The latest USC Dornsife/Los Angeles Times poll also reveals that […]
The owner of the only US rare earths mine is hiring, as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals during this escalating trade dispute. By next year, MP Materials will be the 1st company to refine rare earths since […]
The Trump administration is planning to open a US consulate in Greenland for the 1st time in decades amid increased strategic and economic interest in the Danish territory. The State Department says in a letter to Congress that re-establishing a consulate in Nuuk is part of a broader plan to increase the US presence in […]
A possible trade deal with the U.S. will do little to mitigate the impact of Britain leaving the EU without a deal in place, economists have told CNBC. Both the U.K. and U.S. governments have expressed a desire to forge a partial deal on trade as soon as possible after Britain’s anticipated departure from the […]
Friday, just hours after China announced retaliatory tariffs on US goods on President Trump ordered US companies to “start looking for an alternative to China, including bringing your companies HOME and making your products in the USA..” The stakes are high US companies invested a total of $256-B in China between Y’s 1990 and 2017, […]
Bolsonaro said that the government is aware of Amazon fires and is taking actions to try to contain them, Trend reports citing Sputnik . In a televised address Brazilian president Jair Bolsonaro said that above-average temperatures and dry weather have led to the fires in Amazon states, adding that he had authorized use of federal […]
Australia’s prime minister yesterday urged nations in Asia to stand up for their ‘independence and sovereignty, with tensions high in the disputed South China Sea where Beijing is under fire for increasingly bullish behaviour. Scott Morrison’s comments came after the United States slammed China for its ‘escalation in the waterway, a key global shipping route […]
The Chinese Ministry of Commerce says that its new tariffs will be applied to more than 5,000 U.S. products in two phases. The first stage would come into effect on September 1 and the second one on December 15. China announced that it will impose additional tariffs worth 75,000 million dollars on imported products from the United […]
French winegrowers are on tenterhooks as they wait to see whether Donald Trump will follow through with his repeated threats to raise tariffs on French wine in retaliation for the new GAFA tax. As the leaders of the world’s richest countries gather for the G7 opening Saturday, winegrowers in host nation France fear they will […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Just In: President Trump says $250-B of Chinese goods now under 25% tariff will be subject to 30% tariff starting on 1 October, expect more… “I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States,” President Trump Tweeted Friday Wall Street turned […]
We have just learned that Danish Prime Minister Mette Frederiksen has had a phone conversation with President Trump over a dispute about Greenland, her office said Friday. Earlier this week, President Trump scrapped a visit to Denmark by saying that Frederiksen was “nasty” when she rejected his idea of buying Greenland as an absurdity. Both […]
UK Prime Minister Boris Johnson, who has worked to lead his Great Britian since he was a boy, will get his 1st moment on the world stage in his new role at the Group of Seven (G-7) Summit in France this weekend. And he will be determined to ensure it will not be his last. […]
$SPY China’s announcement that it will impose new tariffs on $75-B worth of US goods is not something that should worry the stock market, but the announcement will boost support for President Trump, White House trade adviser Peter Navarro said Friday. “I think the risk here for China when it does things like this is simply to […]
The White House will not move forward with plans to cut billions of dollars in foreign aid, US officials said yesterday, after an outcry from Congress about what was seen as an attempt to sidestep lawmakers’ authority over government spending. President Donald Trump said he was considering scaling back the effort to cut aid on […]
$DIA, $SPY, $QQQ, $RUTX, $SOY, $VXX Wall Street closed mixed following weak data, and 2 Fed commentors from Jackson Hole China bought a small volume of US soybean last week after pledging on 5 August to halt purchases of American farm products due to the escalating trade dispute, the US Department of Agriculture data showed […]
US Senator Tom Cotton, (R-Ak), revealed he had suggested to President Donald Trump months ago that the US consider buying Greenland. Senator Cotton said he even met with the Danish Ambassador to talk about a potential sale. His comments came during a luncheon in Arkansas Wednesday and were detailed in a story by Talk Business & […]
$USD Thursday, President Trump said U economic growth could be record-setting if the Fed would lower interest rates further, as econ reports Thursday painted a mixed picture of the nation’s economy. “The Economy is doing really well. The Federal Reserve can easily make it Record Setting,” President Trump said on Tweeted. The government Thursday said initial claims […]
Fed Chairman Powell comes to this year’s meeting of central bankers in Jackson Hole, WY, wedged between discord within the FOMC over appropriate monetary policy and mounting market pressure for more interest rate cuts. In navigating that gap, Chairman Powell is unlikely to use his Keynote speech Friday at the Kansas City Fed’s annual economic […]
Iran’s state TV is reporting that the country will unveil an Iran-made air-defense missile system. The Wednesday report says the Bavar-373 is a long-range surface-to-air missile system able to recognize up to 100 targets at a same time and confront them with six different weapons. It was set to be unveiled Thursday. The system could […]
The diplomatic row that has erupted between Washington and Copenhagen over Greenland is just one part of a broader strategic battle being waged over control of the Arctic, according to one expert. US President Donald Trump has cancelled a trip to Denmark and launched a war of words with his Danish counterpart, Prime Minister Mette […]
Wednesday, President Trump continued his pressure the Fed and its Chairman to lower interest rates, saying its policies were hampering US growth and reducing the country’s ability to compete economically. “Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He’s like a golfer who can’t […]
Traders and investors have been asking what is the “inverted yield curve”, this unusual bond market phenom came on briefly last week for the 1st time in over 12 years and shook Wall Street with talk that an economic downturn was imminent. Following a tweet from President Trump referencing the “CRAZY INVERTED YIELD CURVE!”, the […]
Monday, UK Prime Minister Boris Johnson called on France and Germany to change their position on BREXIT and negotiate a new exit deal for Britain, reiterating his stance that he is ready to leave the EU without a deal if they do not. With Britain set to leave the bloc at the end of October, […]
American tech giants Amazon, Facebook and Google joined forces on Monday to decry the French digital tax as retroactive and discriminatory. President Donald Trump is considering retaliating against the tax — approved July 11 — with punitive tariffs on French wine imports, prompting an investigation by the Office of the US Trade Representative (USTR). The […]
Fed Chairman Powell opens the central bank’s annual Jackson Hole symposium Friday with a speech on the challenges for monetary policy. A deglobalization shock ignited by President Trump’s trade policy; super low interest rates, including $16.7-N in negative-yielding bonds; a never-ending presidential assault on the Fed; and a rising risk of a US and worldwide […]
Monday, President Trump stepped up his assault on the Fed, urging it to cut interest rates by a full percentage point to aid global growth while complaining the “dollar is so strong that it is sadly hurting other parts of the world.” “The Fed Rate, over a fairly short period of time, should be reduced […]
President Trump said buying Greenland would be “a large real estate deal” that could ease a huge financial burden on Denmark, which administers the island. Prime Minister Mette Frederiksen has ruled out any sale to the US. “Strategically it’s interesting and we would be interested, but we will talk to them a little bit,” President […]
