Finance

74% of economists in survey see US recession by end of 2021

A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business Economics, in a report released Monday, mostly didn’t share Trump’s optimistic

74% of economists in survey see US recession by end of 2021 Read More »

U.S. Companies Working With Huawei Get More Time to Stop

WASHINGTON — The United States will allow American companies to continue doing business with Huawei, the Chinese telecommunications giant, for an additional 90 days, Commerce Secretary Wilbur Ross said Monday. The government’s reprieve is intended to give rural telecommunications companies in the United States more time to wean themselves off Huawei, which supplies many of

U.S. Companies Working With Huawei Get More Time to Stop Read More »

Asian shares rise as investors watch trade war, economies

Asian shares were higher Monday, as investors continue to rejigger their read on President Donald Trump’s trade war and growing worries about slowing economies around the world. Japan’s benchmark Nikkei 225 rose 0.7% in afternoon trading to 20,551.75. Australia’s S&P/ASX 200 gained 0.8% to 6,454.10, while South Korea’s Kospi was 0.6% higher at 1,937.74. Hong

Asian shares rise as investors watch trade war, economies Read More »

Asian shares rise as investors watch trade war, economies

Asian shares were higher Monday, as investors continue to rejigger their read on President Donald Trump’s trade war and growing worries about slowing economies around the world. Japan’s benchmark Nikkei 225 rose 0.6% in early trading to 20,532.95. Australia’s S&P/ASX 200 gained 0.8% to 6,454.40, while South Korea’s Kospi was 0.4% higher at 1,934.78. Hong

Asian shares rise as investors watch trade war, economies Read More »

China Pressures Business Over Hong Kong. Workers Get Caught in the Middle.

As Hong Kong seethes with protests against China’s rule, Beijing is increasingly pressuring the business world to take its side. Businesses, both global and local, are falling in line — and their employees are caught in the crossfire. The most dramatic example came on Friday, when Rupert Hogg, the chief executive of Hong Kong-based Cathay

China Pressures Business Over Hong Kong. Workers Get Caught in the Middle. Read More »

Top Trump Economic Adviser Larry Kudlow Sees ‘No Recession In Sight’

White House chief economic adviser Larry Kudlow said there is cause for optimism about the state of the U.S. economy despite growing fears of a recession in the coming months. In an interview with Fox News’ Dana Perino, Kudlow, who serves as the head of the National Economic Council, claimed the economy is “in pretty

Top Trump Economic Adviser Larry Kudlow Sees ‘No Recession In Sight’ Read More »

Leaked Documents Show UK Faces Food, Fuel And Drugs Shortages In No-Deal Brexit

LONDON (Reuters) – Britain will face shortages of fuel, food and medicine if it leaves the European Union without a transition deal, jamming ports and requiring a hard border in Ireland, official government documents leaked to the Sunday Times show. The Times said the forecasts compiled by the Cabinet Office set out the most likely

Leaked Documents Show UK Faces Food, Fuel And Drugs Shortages In No-Deal Brexit Read More »

Signs Of Recession Haunt Trump As 2020 Election Nears

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation’s strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won’t look so good come Election Day. The financial markets

Signs Of Recession Haunt Trump As 2020 Election Nears Read More »