economy
The Fed’s real message: Save the economy from Trump
Fed Chairman Jerome Powell continues to be the subject of criticism from President Donald Trump. | Jacquelyn Martin/AP Photo finance The central bank is expected to cut rates this week in part to offset President Donald Trump’s trade war. By BEN WHITE and VICTORIA GUIDA 07/30/2019 05:05 AM EDT In the case of Donald Trump …
GDP slows to 2.1% in second quarter but beats expectations thanks to strong consumer – CNBC
GDP slows to 2.1% in second quarter but beats expectations thanks to strong consumer CNBC Trump’s 3% Growth Feat in 2018 Undone by Annual Data Revisions Bloomberg GDP slows in second quarter, but stronger than expected at 2.1% Fox Business U.S. Economy Grew at 2.1% Rate in Second Quarter The Wall Street Journal U.S. Economy Slows to 2.1% in …
ECB signals a rate cut, more monetary easing ahead
The European Central Bank (ECB) prepared markets for more easing measures on Thursday, causing the euro to fall to a two-year low against the dollar. The central bank said it expects its key interest rates to remain “at their present or lower levels” at least through the first half of 2020, updating the wording on …
Cloud technology delivers $9.4 billion to Australian economy: report
Cloud technology has delivered $9.4 billion in productivity benefits to the Australian economy in the past five years, according to a newly released research report. The report by Amazon Web Services (AWS) and Deloitte Access Economics (DAE) – ‘The Economic Value of Cloud Services in Australia’ – covering 500 Australian businesses using cloud services, found …
Pakistan Imran Khan meets Trump to talk economy, terror, Afghanistan
President Donald Trump and the Prime Minister of the Islamic Republic of Pakistan, Imran Khan, speak to the media in the Oval Office at the White House on July 22, 2019 in Washington, DC. Mark Wilson | Getty Images Pakistani Prime Minister Imran Khan’s three-day visit to the U.S. is not likely going to do …
Global Advanced Engine Technologies Market for Meeting Co2 and Fuel Economy Targets, 2019-2034 with Exclusive Interviews with Tenneco, Zircotec, Federal Mogul, Delphi, Nemak and Kolbenschmidt
DUBLIN, July 19, 2019 /PRNewswire/ — The “Advanced Engine Technologies for Meeting Co2 and Fuel Economy Targets – Forecasts to 2034” report has been added to ResearchAndMarkets.com’s offering. This report provides a comprehensive overview of the emerging light vehicle engine technologies required to meet CO2 and fuel economy mandates, major suppliers, top markets, technology trends …
Fed clarifies Williams speech that market took as signal of a rate cut
John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York, March 6, 2019. Lucas Jackson | Reuters When New York Federal Reserve President John Williams said central bankers need to “act quickly” as economic growth slows, a spokesperson said he was drawing from …
Companies look to cash in on out-of-this-world profits in new space economy
This story is part of Moon Landing: 50th Anniversary, a series from CBC News examining how far we’ve come since the first humans landed on the moon. Fifty years after Apollo 11, the space race has changed from a Cold War, state-funded contest to privately backed economic competition as companies and venture capitalists race to …
China GDP growth slumps to lowest in 27 years as the trade war hits
The country’s gross domestic product grew at 6.2% in the quarter ended June, the slowest quarterly growth rate since 1992 and down from 6.4% in the previous quarter, according to government figures released on Monday. And the Chinese economy will continue to face “downward pressure” in the second half of this year, the country’s National …
Goldman Sachs, IIF on market reaction to Fed rate cut, Powell comments
The underlying message by the Federal Reserve — after it cut interest rates on Wednesday — may not be as hawkish as many investors had interpreted it to be, according to the chief economist of Institute of International Finance. Stocks in the U.S. fell after Fed Chairman Jerome Powell suggested policymakers were not embarking on …