The White House rejected a trade meeting with Chinese counterparts due to disagreement over the enforcement of intellectual property rules. » Read More
By: Brian Schwartz
David Rubenstein says he gets the sense from his contacts that trade negotiations between the U.S. and China will settle in months while the government shutdown is nearing an end. » Read More
By: Lori Ioannou
IMF Chair Christine Lagarde has cut the global growth forecast to 3.5 percent. Speaking at the World Economic Forum in Davos, Switzerland, she said the move was due to the high level of economic risks that are accelerating around the globe. » Read More
By: Stefan M. Selig
U.S. and Chinese negotiators need to accept that certain goals can't be reached at the moment, but that shouldn't stop them from reaching a deal to avert an all-out trade war and bring confidence back to global markets, writes Stefan M. Selig. » Read More
Economic growth may be slowing, but we are not on the verge of a recession, Blackstone Chairman and CEO Steve Schwarzman says.
People are "spending a lot on experiences" such as dinners and travel even as signs emerge of a weakening global economy, BofA's Brian Moynihan says.
The billionaire investment titan also says a pause in Fed rate hikes makes it possible to "extend the equilibrium."
President Trump's unpopularity overseas may have cut American exports by at least $3 billion, according to a UC, Berkeley study.
"If this drags on into February, March, then growth rates are going to fall to a place where unemployment will start to rise," economist Mark Zandi warns.
Consumer sentiment dropped to its lowest level since before the U.S. presidential election in 2016 amid growing concerns over U.S. economic growth, according to data released Friday.
Lifting tariffs could clear the way for deeper concessions from Beijing, sources told The Wall Street Journal.
The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of big banks, on Wednesday said the biggest U.S. banks are "unquestionably" safer than they were before the 2007-2009 financial crisis.
The U.S. government shutdown over President Donald Trump's call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations.
As extreme weather events become more frequent in places where borrowers might not have flood or fire insurance, the risk of foreclosure rises. Some now predict that the nation could face a climate-related inspired housing crisis.
U.S. import prices fell for a second straight month in December as the cost of petroleum products tumbled and a strong dollar curbed prices of other goods, leading to the largest annual drop in more than two years.
"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed on interest rates.
The original estimate that the partial shutdown would subtract 0.1 percentage point from growth every two weeks has now been doubled.
The U.S. economy "feels good" and shows no sign of a recession in the next 12 months, says Lutnick, also CEO of Cantor spinoff BGC Partners.
Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem.