WASHINGTON— A brutal winter, plunging investment by energy companies and a widening trade gap likely combined to shrink the U.S. economy at the start of the year. But the slump is expected to prove short-lived. So is a labor dispute that slowed trade at West Coast ports.» Read More
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China's currency announcement has the potential to boost American exports, says Fred Hochberg, President and Chairman of the US Export-Import Bank.
An anti-China trade sanction bill in the U.S. would be a "huge mistake", stresses Stephen Roach, chairman at Morgan Stanley, noting that it will be a bad political decision with a bad economic outcome.
Federal regulators have allowed a new online exchange to proceed to trade future box-office receipts for movies.
The trade deficit, along with the credit and housing bubbles, were the principal causes of the Great Recession. Now, a rising trade deficit and continued weakness among regional banks, still burdened by bad loans, threatens to stifle the emerging recovery and keep unemployment near 10 percent through 2011.
This will be a shorter note today. My hometown is going to have its annual Fireman's Parade. Local school groups and fire departments (mostly volunteers) and such proudly gather at one end of Katonah and march a few hundred yards to the other end.
Highly-correlated global markets will likely continue to correct until October, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC on Monday. But there is a very good chance of a mid-summer rally within the correction, he added.
U.S. businesses sold $528 million in food products to Cuba last year, from small dairy farmers to multi- billion dollar agribusiness corporations. And they seem to have one thing in common: mixing a little social messaging in with their sales.
Wen Jiabao must be cursing the timing. China’s mild-mannered premier flies into Seoul on Friday for a summit with South Korea and Japan where he probably hoped to talk about booming trade ties. Instead, he will be put on the spot over North Korea.
American industries of all kinds—from travel and telecom to construction and energy—would be poised to profit if the 52-year trade embargo with Cuba were lifted. Among the first businesses to cash in would be those involved with tourism, most experts agree.
The moral of the Aesop’s fable is idleness brings want. Today, the ants are Germans, Chinese and Japanese, and the grasshoppers are American, British, Greek, Irish and Spanish, says the FT's Martin Wolf.
Despite an economic embargo against Cuba that has existed for a half century, Americans and citizens of US allies routinely conduct business with the country, including trade and tourism.
Federal regulators and U.S. securities exchanges have a new plan to keep an epic dive in the stock market from happening again.
Europe can survive the current economic crisis if its leaders make good on commitments to turn their economies around, Treasury Secretary Geithner told CNBC Wednesday.
Over the last decade, high-tech traders have become sort of a shadow Wall Street — from New Jersey to Kansas City, from Texas to Chicago. Depending on whose estimates you believe, high-frequency traders account for 40 to 70 percent of all trading on every stock market in the country. Some of the biggest players trade more than a billion shares a day.
The pain of the European debt crisis is spreading, with the plummeting euro making Chinese companies less competitive in Europe, their largest market, and complicating any move to break the Chinese currency’s peg to the dollar.
After a brief respite following the announcement last week of a nearly $1 trillion bailout plan for Europe, fear in the financial markets is building again, this time over worries that the Continent’s biggest banks face strains that will hobble European economies, the New York Times reported.
The regulators are still trying to figure out just what set off the crazy trading a week ago Thursday, but some facts are obvious. If a stock goes from $40 to one cent to $40 within a few minutes, somebody messed up.
Despite the running unease in world markets, four giants of American finance managed to make money from trading every single day during the first three months of the year.
Investigators seeking an explanation for the brief stock market panic last week said Sunday that they were focusing increasingly on how a controlled slowdown in trading on the New York Stock Exchange, meant to bring about stability, instead set off uncontrolled selling on electronic exchanges. The NYT explains.