Date: January 22, 2019 United States: BofA's Moynihan Predicts Another Round of U.S. Bank Mergers Bank of America Corp. Chief Executive Officer Brian Moynihan predicted another round of consolidation in the U.S. that could lead to the emergence of a new competitor. The Charlotte, North Carolina-based lender, which controls about 13 percent of the U.S. retail
United States: U.S.-China Trade Talks Falling Short on Make-Or-Break IP Issues Ever since negotiators from the U.S. and China sat down in Beijing after a Christmas meltdown in global markets, President Donald Trump has sought to calm investors and claim his trade talks are making great strides. But that glosses over a more uncomfortable reality.
United States: Trump Pulls U.S. Delegation Out of Davos Forum, Citing Shutdown President Donald Trump canceled the U.S. delegation’s trip to the global economic summit in Davos hours after he denied House Speaker Nancy Pelosi a plane to visit U.S. troops in Afghanistan. “Out of consideration for the 800,000 great American workers not receiving pay
United States: Trump’s Tariffs Are Producing Billions, But China Isn’t Paying President Donald Trump is right to say that his tariffs are generating billions of dollars for the U.S. But China and other countries aren’t paying them as he’s suggested. According to data from U.S. Customs and Border Protection, more than $13 billion in duties
United States: U.S. Will Fail to Release Key Economic Report at Critical Moment The U.S. growth outlook hangs more than ever on American consumers’ resilience amid stock-market swoons and trade-war tensions, but key data on their spending -- the biggest part of the economy -- will be missing due to the government shutdown. Was it
Date: January 14, 2019 United States: Stocks Fall, Bonds Climb as China Data Disappoints: Markets Wrap U.S. equity futures followed stocks in Europe and Asia lower on Monday as China trade data showed a worse-than-expected slump, reigniting concerns about global growth. Treasury yields fell and the dollar held steady. Futures on the Dow, Nasdaq and
Date: January 11, 2019 United States: U.S. Shutdown Could Hit Labor, Capex Numbers, Pimco Says About that U.S. shutdown. “It’s only a matter of time before we start to see this in the real economy,” Mark Kiesel, chief investment officer of global credit at Pacific Investment Management Co., told Bloomberg Television Thursday. That includes the
Date: January 10, 2019 United States: U.S. Pushes China on Promises After ‘In-Depth’ Trade Meetings The Trump administration is pushing for a way to make sure China delivers on its commitments in any deal the two nations reach to defuse a trade war that has roiled financial markets and dimmed the outlook for global growth.
Date: January 8, 2019 United States: U.S.-China Talks Near Close With Positive Signs From Both Sides Chinese authorities planned to give a statement following the latest round of U.S. trade talks on Tuesday in Beijing, after both sides signaled progress toward resolving a conflict that has roiled markets. “The talks are still underway and I
Date: January 7, 2019 United States: Shutdown Puts $200 Million a Day in Federal Contracts at Risk If recent history is any guide, federal contractors could be out more than $200 million a day in lost or delayed revenue from the partial government shutdown, based on data compiled by Bloomberg. The companies run the
