Date: September 6, 2019 United States: U.S. Payrolls Rise 130,000, Boosted by 25,000 for Census Count “U.S. companies' hiring stumbled in August, likely cementing expectations for a second straight Federal Reserve interest-rate cut as trade uncertainty and softer global growth weigh on the outlook. Private payrolls rose 96,000, a three-month low, after a downwardly revised
Date: September 5, 2019 United States: Fed Officials Warn Consumer Is Alone in Carrying U.S. Economy “Federal Reserve officials are weighing two competing forces in the U.S. economy: the resilience of the consumer versus the fallout from uncertainty around trade disputes and weaker global growth. “The consumer is now carrying all of the weight, or
Date: September 4, 2019 Despite major challenges affecting the Company, its performance for the year ended March 31, 2019 still yielded positive results. Revenues increased to $12.91 billion compared to $12.55 billion the prior year. Profit, however, was down 2% from $3.41 billion to $4.84 billion. Managing Director, Marcus Steele, at the 2019 Annual General
Date: September 4, 2019 United States: U.S. Trade With China Fell in July Despite Truce in Tariff War “America’s merchandise trade with China continued to sag in July despite a tariff-war truce between the world’s two largest economies that’s since evaporated as President Donald Trump escalated levies and China retaliated. U.S. exports of goods
Date: September 3, 2019 United States: U.S. Stock Market Wars Pit Everyone Against Everyone Else “It’s an arcane, technical part of stock-trading, part of the hidden plumbing behind every click to buy or sell. But for those who run, regulate and trade in U.S. equity markets, it’s become a battlefield. At issue are rebates --
Date: September 2, 2019 United States: ‘Time Is Running Out’: Democratic Race Is About to Get Serious “The unofficial end of summer kicks off a more intense phase of a Democratic presidential race that has been led by moderate Joe Biden, with progressives Bernie Sanders and Elizabeth Warren in a battle for second as the
Date: August 30, 2019 United States: U.S. Personal Spending Increased More Than Forecast in July “U.S. personal spending accelerated in July, exceeding forecasts and indicating household consumption remained solid at the start of the third quarter and will continue as the economy’s dominant growth engine. Consumer outlays for goods and services, which account for about
Date: August 29, 2019 United States: U.S. Second-Quarter Growth Revised Down to 2% Pace From 2.1% “U.S. economic growth decelerated in the second quarter by more than initially reported, with stronger consumer spending offset by weaker readings across other categories that suggest President Donald Trump’s trade actions are weighing more heavily on the pace of
Date: August 28, 2019 United States: A Dollar Rising Into a Possible U.S. Recession Could Be a Bad Omen “The dollar has been ascendant in 2019 and forecasts for a U.S. recession are growing louder. If the greenback’s strength keeps up and the economy does shrink, some experts are worried this combination will make
Date: August 27, 2019 United States: Wall Street Prepares for the End of a Crucial Benchmark “Libor is dying, warn global regulators, and there’s nothing banks can do to stop it. Their only choice is to prepare for the end. That’s where Jason Granet comes in. Plucked from Goldman Sachs Group Inc.’s asset-management unit last
