Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
With uncertainty keeping a lid on U.S. stocks, Ed Clissold of Ned Davis Research says the rest of 2019 is likely to be a "choppy," but somewhat opportunistic, ride for...Futures Nowread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
The German Economy Ministry slashed its forecasts for economic growth on Tuesday to 1.2 percent for this year and 1.3 percent for next year, blaming crises abroad and moderate global growth.
That signals a strong downturn in expectations when compared with the ministry's April forecasts for growth of 1.8 and 2.0 percent respectively in Europe's largest economy.
It estimated exports would increase by 3.4 percent this year and by 4.1 percent next year while imports would surge by 4.0 and 5.5 percent.
That means foreign trade will subtract 0.1 percentage points from growth this year and detract an even-bigger 0.3 percentage points next year, the ministry said.
"The German economy is steering through rough foreign waters. Geopolitical crises have also increased uncertainty in Germany and moderate growth is weighing on the German economy," said Economy Minister Sigmar Gabriel, adding that domestic impetus nonetheless remained intact.
Even forecasts for domestic demand were, however, downgraded to an increase of 1.4 percent this year and 1.7 percent next year compared with April's forecasts for gains of 1.9 and 2.1 percent respectively.
Gross capital investment will rise by 3.2 percent this year and by 3.3 percent next, the ministry said.
Follow us on Twitter: