“$2,000 + $2,000 plus other family members. Not $600!”. Thus spoke President Trump, who refused to sign an end of year Covid relief and spending bill that had been considered a done deal before his objections. The fate of the bipartisan package remained in limbo Sunday as Trump continued to
Traders are pricing in a 92.5% chance of a quarter-point rate cut at the Fed’s October meeting and a 50% chance of another cut in December. Chances of a rate cut by the Federal Reserve later this month rose after disappointing services reading fueled fears that the economic slowdown would
Maybe the Saudi Arabia refineries situation is worse than expected, a week after attacks. Saudi state oil firm Aramco has told Japanese refiner JXTG Nippon Oil & Energy about a possible change in shipment, raising concern about the kingdom’s ability to supply crude oil, the Nikkei Asian Review reported. Aramco
NJF Capital and the unicorn companies Europe’s tech ecosystem is becoming a worthy rival to the US thanks to a recent boom in tech and start-up entrepreneurship. Investors such as NJF Capital are seizing the opportunity to work with these exciting new disruptors. We often think of unicorn companies as
Recession? What recession? US company payrolls surged by 195,000 in August, well above Wall Street estimates and at a time when fears have been growing about a looming recession, according to a report Thursday from ADP and Moody’s Analytics. Economists surveyed by Dow Jones had been looking for a gain
German output will probably shrink by 0.2% in the third quarter, putting Europe’s largest economy into recession, according to the DIW economic institute. A DIW gauge of activity fell to 89 points in August, the lowest since late 2012, pointing to another contraction after GDP declined 0.1% in the April-to-June
The war between President Trump and Fed goes on. Federal Reserve Chair Jerome Powell vowed on Friday (Aug 23) to act to ensure the American economic expansion continues, but warned the central bank has no “rulebook” for dealing with the US-China trade war that deteriorated further almost as he spoke.
German Finance Minister Olaf Scholz had for the first time mulled the possibility of putting together an emergency stimulus package to prop up the economy, should a full-blown recession beset the nation. This in itself revealed a fundamental change in thinking and philosophy as for a decade or so Scholz’