U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
The 2016 presidential election is giving new meaning to the political maxim "It's the economy, stupid."
That's because most economists believe that when it comes to formulating growth plans and talking intelligently about the challenges ahead, the candidates primarily have been, well, stupid.
Collectively, the field of Hillary Clinton, Bernie Sanders and Donald Trump received a thrashing from a field of economists surveyed by Bankrate.com. Fully half of the 24 experts gave the candidates an "F," with most of the others assigning the group a "D."
Respondents groaned both that the candidates' plans were half-baked, and that there is a general lack of attention to serious economic debate during the campaign.
A typical comment: "F. There has been no debate about economic issues during the current presidential campaign," said Mark Zandi, chief economist at Moody's Analytics.
There was little charity elsewhere.
Bill Dunkelberg, chief economist at the National Federation of Independent Business, was among the kindest, giving the candidates a "C." Seth Harris, scholar at Cornell University, said the Democrats deserved an "A" while the GOP side (presumably Trump as he is the sole remaining candidate) scored a "D."
"There was kind of a universal observation that the political candidates are not being pressed on economic issues sufficiently," said Mark Hamrick, senior economic analyst at Bankrate.
"When we try to measure financial literacy or economic literacy, the U.S. isn't at the top of the list," he added. "People are looking for a Twitter-version solution of things instead of thinking about well thought-out plans. There still may be plenty of time for these solutions to be presented, but it doesn't feel that any of these solutions are as thoughtful and elegant as we'd like to see."
The economists surveyed also gave President Barack Obama a "C+" grade for his handling of the economy. They see the unemployment rate dropping to 4.7 percent a year from now, with 63 percent believing the chance of a recession is less than 1 in 4 over the same period. More than 80 percent expect GDP growth of less than 2.5 percent, while the benchmark 10-year Treasury yield is projected to rise to 2.49 percent in a year from its current 1.8 percent.