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.
International Monetary Fund chief economist Gita Gopinath said on Friday that U.S. monetary policy is being accommodative and data driven.
President Donald Trump was meeting with his trade team at the White House, according to CNBC, after China imposed retaliatory tariffs on U.S. goods and the Republican leader told American companies to get out of China.
Wall Street’s main indexes lost more than 1% on Friday after President Donald Trump said U.S. companies should “immediately start looking for an alternative to China” after Beijing officials earlier retaliated by imposing tariffs on U.S. goods.
Qualcomm Inc won a partial stay against the enforcement of a sweeping antitrust ruling in a lawsuit brought by the Federal Trade Commission (FTC), according to a court filing on Friday.
Many people – especially those who stand to benefit politically – have claimed that capitalism is broken.
Today, Alexander Green explains why our free market society is working exactly as it should, and how anyone can use it to achieve a rich life.
For years now, some folks have claimed that capitalism is broken and needs to be reformed.
Notably, this week the Business Roundtable, a group made up of the CEOs of 192 of the largest U.S. companies, seemed to endorse the idea as well.
They even issued a statement:
Americans deserve an economy that allows each person to succeed through hard work and …read more […]
Mark VenHuizen, the comptroller of a family business which sells parts for boat engines in Florida, says he has complained three times to Worldpay Inc since 2016 for tacking on extra fees to process his customers’ credit and debit card payments without clearly telling him about it.
Wall Street’s three main indexes lost about 1% on Friday after President Donald Trump said U.S. companies should “immediately start looking for an alternative to China” after Beijing officials earlier retaliated by imposing tariffs on U.S. goods.
President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, a rhetorical strike at Beijing as trade tensions mounted.
The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.
China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world’s top two economies.
The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.
China said on Friday it will impose an extra 5% tariff on U.S. soybeans from Sept 1, and additional 10% duties on U.S. wheat, corn and sorghum from Dec. 15, in Beijing’s latest retaliatory trade measures https://www.reuters.com/article/us-usa-trade-china/china-strikes-back-in-trade-dispute-with-u-s-with-new-tariffs-idUSKCN1VD1AJ against Washington.
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.
The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.
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