Economy
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The latest escalation came on Friday, when President Trump announced fresh tariffs on $50 billion in Chinese goods, prompting swift retribution from Beijing, The New York Times reports. » Read More
By: Tae Kim
The U.S. economy is likely to grow faster than expected, according to a Goldman Sachs tracker model. » Read More |
By: Teresa Barger, co-founder and CEO of emerging markets activist fund Cartica Management
U.S. tariffs on $50 billion of China goods were imposed Friday to protect U.S. intellectual property and technology. It prompted China to retaliate. » Read More |
By: Michael Sheetz
Consumer sentiment jumped in the beginning of June, moving opposite of expectations and heading back toward levels seen earlier this year. » Read More |
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Trump says he's taking the action "in light of China's theft of intellectual property and technology and its other unfair trade practices."
- China says tariffs of 'same scale' coming immediately, indicates trade talks will need to start over
China's Commerce Ministry said Friday that it will respond immediately on the same scale to the Trump administration's new tariffs on Chinese goods worth up to $50 billion.
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The expected tariffs against $50 billion worth of Chinese goods will escalate trade tensions between the U.S. and major economies around the world.
Surging consumer spending is driving GDP well above prior estimates, and it is now tracking near 4 percent for the second quarter, almost doubling the pace of the first quarter.
On Friday, the White House is expected to unveil a revised list of between 800 and 900 products from China it will impose tariffs on.
Farmers expressed uneasiness ahead of the White House's expected decision Friday to impose tariffs on Chinese products.
The Trump administration's tariff list is expected to include between 800 and 900 Chinese products.
China said on Friday it would respond quickly to protect itself if the United States hurts its interests.
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A fourth rate hike this year could bring about an inverted yield curve and economic slowdown, Principal Global Investors CEO Jim McCaughan believes.
New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44½-year low.
U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods.
U.S. import prices were expected to increase by 0.5 percent in May, after climbing 0.3 percent a month earlier.
Despite record-high confidence on Main Street, a labor shortage issue is increasingly weighing on small businesses around the country.
Banks in major European economies could be severely hurt by political developments in Italy given their exposure to Italian debt, with France’s lenders leading the potential losses.
The 9-year bull market will likely end in mid-2019 or 2020, says J.P. Morgan strategist.
Former Federal Reserve Chairman Alan Greenspan sharply disputed the notion the U.S. was being ripped off by other countries because of its trade deficit.
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