Trump lights a fire under China as trade deal fails to materialize
U.S. President Donald Trump has increased the pressure on Beijing to bring an end to the ongoing trade war, threatening to ramp up tariffs if a trade deal is not made by the end...
Retail layoffs hit highest level since 2009
Retail layoffs are skyrocketing on a mix of an accelerating economic slowdown which is also weighing on the manufacturing sector and technological innovation outpacing the workforce.
A report from job placement company Challenger, Gray &...
Consumers breathe a sigh of relief as U.S. inflation forecasts fall
In a potential boon for the economy, consumers in the United States are expecting a less gradual increase in the price of goods and services. According to the Federal Reserve Bank of New York,...
The overlooked catalyst that could trigger a global financial crisis
It has been over a decade since the downfall of Lehman Brothers and the financial crisis which left the world struggling for years after the debt bubble burst, however, the next major decline might...
Trump seeks $8.6 billion for border wall
The cost of Trump's border wall is more than six times what Congress designated in each of the previous two fiscal years, and 6 percent more than Trump has corralled by invoking emergency powers...
Are the U.S. and Europe heading for a trade war?
As the ongoing trade war with China nears an end, the U.S. is preparing to levy tariffs on the European Union in a move that could have a significant impact as Brussels struggles with...
Gold hits three-month lows on positive economic sentiment
A stronger U.S. dollar and renewed hope for a trade war resolution has taken its toll on gold prices, with the precious metal being up to three-month lows.
In early trading Thursday, gold and silver...
Turkey faces possible credit downgrade
Turkey is facing a possible credit downgrade if it can't get its financial act together, according to new analysis from credit ratings firm Moody's.
Turkey needs to put a substantial and reliable plan in place...
Will the Fed ignore Trump’s call to slash interest rates?
The Fed is facing fresh criticism from U.S. President Donald Trump following a two-day conference where the body is anticipated to announce a new decision relating to interest rates.
The U.S. Federal Reserve is expected...
Washington shrugs as budget deficit continues to soar
The federal deficit spending is ballooning on President Donald Trump's watch and Washington does not seem to mind.
And even if they did, the political dynamics that enabled bipartisan deficit-cutting offers decades earlier has vanished,...
