Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Trump is a "good forecaster," said Kudlow, director of Trump's National Economic Council. "He has a lot of experience as a businessman and an investor; so he knows his stuff."
The president has been critical of the Fed's path on rate hikes under Chairman Jerome Powell, blaming the central bank for recent stock market declines and even GM's planned production and job cuts.
The central bank has raised rates three times this year and the market expects another one later this month.
In a speech last week, Powell appeared to walk back his comments on Oct. 3 that rates were a "long way" from so-called neutral. Powell said on Nov. 28 before The Economic Club of New York that rates are "just below" neutral, perhaps indicating that concerns about a more aggressive path higher for rates may no longer be warranted.
It appears the central bank will hike rates later this month, Kudlow said Friday, "but maybe no more for quite some time or maybe they won't move this month."
The stock market was under pressure in the past two trading sessions on concerns about rates in the midst of a possible economic slowdown and continued murkiness around trade relations with China. Stocks traded higher early Friday following the jobs report but were lower by midmorning. The Dow Jones Industrial Average wiped out most of a 785-point deficit Thursday, to finish down only 79 points.
The Wall Street Journal reported Thursday that Fed officials are considering whether to signal a wait-and-see approach after a likely interest rate increase later this month.