Finance

Pedestrians walk along Broadway near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Technology, rare earth minerals and the education sector have been dragged into the scuffle between China and the U.S., but as Beijing considers more countermeasures, experts said America’s financial sector is unlikely to be a target. There’s just
0 Comments
[embedded content] New York Federal Reserve President John Williams, addressing a key market concern about the future, said the move of near-term bond yields above their longer-duration counterparts is only one consideration when determining what the economy will look like in the future. The inverted yield curve is not “an oracle,” he said Thursday during
0 Comments
ADP’s shockingly bad payroll data released on Wednesday may be overstated. Economists say ADP’s monthly report does not always line up with the government jobs report, and so far they have not pared back expectations for Friday’s government nonfarm payrolls data for May. However, some warn that Refinitiv’s consensus forecast for 185,000 jobs could be
0 Comments
Campbell’s Soup products stand on a store shelf David McNew | Getty Images Check out the companies making headlines midday Wednesday: Salesforce — Shares of cloud software company Salesforce rose 3.7% on first-quarter that beat analysts’ expectations. Revenue came in at $3.74 billion, topping a Refinitiv estimate of $3.68 billion. Earnings per share totaled 93 cents,
0 Comments
The U.S. flag flies at a welcoming ceremony between Chinese President Xi Jinping and U.S. President Donald Trump in 2017. Getty Images News | Getty Images Beijing has stepped up its warnings against the U.S. by cautioning Chinese people about working, studying and traveling in America. On Tuesday, China‘s Ministry of Foreign Affairs announced a
0 Comments
Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Federal Reserve officials speaking at a policy conference may get a lot more attention than usual in the week ahead after President Donald Trump’s latest tariff
0 Comments
Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Visual China Group | Getty Images China continued to ramp up the rhetoric against the U.S. on Friday, with a former Chinese central bank chief saying that further escalation in trade tensions between Washington and Beijing could greatly hurt
0 Comments
Chinese President Xi Jinping stands by national flags. Johannes Eisele | AFP | Getty Images As trade talks between the U.S. and China increasingly center on Chinese treatment of foreign companies, Beijing says major American complaints about structural aspects of its economy are running up against “core interests.” The implication: Those matters are not up
0 Comments