New York (CNN Business) — 1. Crude reality: Cheap oil used to be a slam-dunk positive for the American economy. Abrupt declines in oil prices would create huge savings for consumers and businesses alike.
TOKYO (Reuters) - The Japanese economy contracted the most in over four years in the third quarter as companies slashed spending, threatening to chill the investment outlook in 2019 as the export-reliant
NEW YORK (Reuters) - The pound slid to its weakest level in nearly 1-1/2 years against the dollar on Monday as British Prime Minister Theresa May postponed a parliamentary vote on her Brexit deal, rekindling
* Next move in rates likely up, rather an a decrease - RBA’s Kent * A rate cut cannot be ruled out, if need be - Kent * Change in market pricing following GDP data “fairly small” * Oct housing finance
NEW YORK (Reuters) - A gauge of global equities stumbled on Monday, as losses in Europe and Asia extended to Wall Street on new signs world economic growth was being curbed by the U.S.-China trade spat,
When a trade war broke out between the world’s two largest economies in June, investors barely blinked. After the Federal Reserve raised interest rates — often a reason for investors to sell stocks — markets
BEIJING (AP) — China summoned the U.S. ambassador to Beijing on Sunday to protest Canada's detention of a senior executive of Chinese electronics giant Huawei at Washington's behest and demand the U.S.
5G is coming soon. And although it seems pretty clear Apple is going to skip the next-gen wireless service in the 2019 iPhone, most Android manufactures have made one thing certain: they’ll have at least
After another week of exceptional volatility on Wall Street that has pummeled stock portfolios, there are two closely related questions worth asking. First, why is this happening when the economy is so
BEIJING (AP) — China's export growth sank in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. Exports rose 5.4 percent over a year ago to $227.4 a
The International Monetary Fund says it has approved a three-year loan of about $3.7 billion for Angola, which seeks to diversify its economy and curb corruption after a new president took office last
U.S. employers pulled back on hiring in November, adding just 155,000 jobs. That's below this year's average monthly gains but enough to suggest that the economy is expanding at a solid pace despite sharp
Stocks dove again on Wall Street Friday, capping a turbulent week of trading that gave the benchmark S&P 500 index its worst weekly loss since March. Technology stocks led the broad sell-off, which erased
CHICAGO (Reuters) - Illinois' already huge unfunded pension liability grew bigger in fiscal 2018, rising to $133.5 billion from $129 billion at the end of fiscal 2017 mainly due to inadequate state funding,
Strong wage growth in November reaffirmed the durability of President Donald Trump’s economy but did little to settle turbulence in a stock market roiling from the administration's trade policies. The
The U.S. trade deficit skyrocketed to a 10-year-high in October, despite millions of dollars in tariffs levied by the White House and a campaign promise from President Trump to level America’s longstanding