Top News & Analysis Wyoming

  • TOKYO, Aug 26- Oil prices fell on Monday, pushing U.S. crude to its lowest in more than two weeks, as an intensifying U.S.- China trade war knocked confidence in the global economy. Concerns about an economic slowdown are being fanned by a ratcheting up of trade tensions between the United States and China. In retaliation, President Donald Trump said he was ordering...

  • JACKSON HOLE, Wyo., Aug 24- Cleveland Federal Reserve President Loretta Mester said on Saturday she sees "big downside risk" from rising trade uncertainty, and will be watching how businesses and consumers react ahead of the U.S. central bank's next policy meeting. Mester, who opposed the Fed's interest rate cut last month, spoke a day after the U.S.- China trade war...

  • President Donald Trump sharply criticized Federal Reserve Chairman Jerome Powell on Friday and said he wouldn't try to stop the chief U.S. central banker if he offered to resign. Trump, departing the White House to travel to the G7 summit in France, told reporters, "I'm not happy with Jay Powell." "I don't think he's doing a good job at all," Trump told reporters as he left...

  • President Donald Trump sharply criticized Federal Reserve Chairman Jerome Powell on Friday and said he wouldn't try to stop the chief U.S. central banker if he offered to resign. Trump, departing the White House to travel to the G7 summit in France, told reporters, "I'm not happy with Jay Powell." "I don't think he's doing a good job at all," Trump told reporters as he left...

  • JACKSON HOLE, Wyo., Aug 23- Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency. Carney- who was considered a candidate to be the next head of the International Monetary Fund but failed to secure backing...

  • JACKSON HOLE, Wyo., Aug 23- Federal Reserve Chair Jerome Powell said the central bank would "act as appropriate" to keep the U.S. economy healthy in a deteriorating global economy, but stopped short of committing to rapid-fire rate cuts and drew fire from President Donald Trump. Powell had barely completed a key Friday morning speech when Trump ratcheted up his war...

  • *Trump presses U.S. companies to close China operations. *China unveils retaliatory tariffs on U.S. goods. NEW YORK, Aug 23- Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods including crude oil, another escalation of a protracted trade dispute between the world's two largest economies.

  • *Trump says U.S.' far better off without China'. *China sets tariffs of 5% or 10% on $75 bln in U.S. goods. WASHINGTON/ BEIJING, Aug 23- President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.

  • JACKSON HOLE, Wyo., Aug 23- Federal Reserve Chair Jerome Powell said the central bank would "act as appropriate" to keep the U.S. economy healthy, stopping short of committing to rapid-fire rate cuts and drawing fire from President Donald Trump. Powell's words were barely out of his mouth when Trump ratcheted up his war of words with both the Fed chair he appointed and...

  • *Trump presses U.S. companies to close China operations. *China unveils retaliatory tariffs on U.S. goods. NEW YORK, Aug 23- Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods including crude oil, another escalation of a protracted trade dispute between the world's two largest economies.

  • JACKSON HOLE, Wyo., Aug 23- Bank of England Governor Mark Carney said Britain's economy appeared to be on course to stagnate in the current quarter, and underlying growth still looked muted even when the effect of Brexit volatility was stripped out. Carney, in a speech at the Jackson Hole gathering of global central bankers in the United States on Friday, said a...

  • JACKSON HOLE, Wyo., Aug 23- Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilising" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency. Carney- who was considered a candidate to be the next head of the International Monetary Fund but failed to secure backing...

  • *Trump advises U.S. companies to exit China. NEW YORK, Aug 23- Wall Street plunged in a broad sell-off on Friday as China and the United States traded their latest salvos in a prolonged trade war, spooking investors and erasing slight gains following a generally positive speech by U.S. On one day tells you everything is going great with China and today he is saying...

  • *Trump presses U.S. companies to close China operations. China unveils retaliatory tariffs on U.S. goods. NEW YORK, Aug 23- Oil prices fell more than 2% on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world's two largest economies.

  • JACKSON HOLE, Wyo., Aug 23- The Federal Reserve will "act as appropriate" to keep the U.S. economy healthy, Fed Chair Jerome Powell said on Friday, remarks that did not say how fast it might cut interest rates, drawing fire from President Donald Trump. The Fed chair, under pressure from Trump and markets to cut rates, characterized the U.S. economy as in a "favorable place" but...

  • JACKSON HOLE, Wyo., Aug 23- It's a maxim for private investors: Don't fight the Fed. "Domestic monetary policy transmission is imperfect and as a consequence, emerging markets' monetary policy actions designed to limit exchange rate volatility can be counterproductive," Sebnem Kalemli-Ozcan, a University of Maryland economics professor, wrote in a paper...

  • NEW YORK, Aug 23- The dollar slipped from three-week highs against the euro and one-week peaks versus the yen on Friday after Federal Reserve Chair Jerome Powell set the stage for further interest rate cuts, leaning away from earlier comments by other Fed officials who said further easing was not necessary for now. Markets were divided on what they thought...

  • JACKSON HOLE, Wyo., Aug 23- Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world's major economies grew closer together. That is the conclusion of research presented on Friday at the U.S. central bank's annual conference in Jackson Hole, Wyoming. But the details suggest the level of dependence among...

  • *Canada retail sales were unchanged in June. U.S. stocks opened lower as China's threat to impose tariffs on $75 billion worth of U.S. goods ratcheted up trade tensions ahead of Fed Chairman Jerome Powell's speech in Jackson Hole, Wyoming. Canada exports many commodities, including oil, so its economy could be hurt by a slowdown in the flow of global trade.

  • *China unveils retaliatory tariffs on U.S. goods. LONDON, Aug 23- Oil prices fell sharply on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking the latest escalation of a protracted trade dispute between the world's two largest economies. "Policymakers and investors remain cognizant of the economic headwinds...