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Reuters: Business News

Powell stops short of committing to rate cuts, New! 2019-08-23 15:04:37The 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

World needs to end risky reliance on U.S. New! 2019-08-23 15:04:37Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might

Trump administration considers boost to biofuel mandates to New! 2019-08-23 14:54:53The Trump administration is considering ramping up biofuel blending quotas in the coming years to assuage anger in the Farm Belt over its recent broad

Ghosts of 2002 'corralito' spur Argentines to shun New! 2019-08-23 14:50:52It happened in 1989. It happened in 2002. Argentines who are old enough to remember do not want to go through it again.

Qualcomm wins a pause in enforcement of FTC New! 2019-08-23 14:29:19Qualcomm Inc won a partial stay against the enforcement of a sweeping antitrust ruling in a lawsuit brought by the U.S. Federal Trade Commission (FTC)

Trump tweetstorm sinks Wall Street as trade war New! 2019-08-23 14:28:41Wall Street plunged in a broad sell-off on Friday as China and the United States traded their latest salvos in a prolonged trade war, spooking investo

Trump orders U.S. firms out of China after New! 2019-08-23 14:09:38U.S. President Donald Trump on Friday said he has ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75 billion i

U.S. trade group says 'unrealistic' for American retailers New! 2019-08-23 14:08:58The U.S. National Retail Federation (NRF) said on Friday it is "unrealistic" for American retailers to move out of China, the world's second-larges

Trump presses U.S. companies to close China operations New! 2019-08-23 13:56:29President 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 product

Responding to Trump, UPS, FedEx say they already New! 2019-08-23 13:53:39United Parcel Service Inc and FedEx Corp on Friday said they already work closely with law enforcement to stop illegal shipments from entering the c

China strikes back at U.S. with new tariffs New! 2019-08-23 13:43:54China 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 exist

Oil prices slide over 2% as U.S.-China trade New! 2019-08-23 13:36:37Oil prices fell more than 2% on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalat

L.A. Times - Business

Matt Kemp slashes price of custom Poway mansion New! 2019-08-23 14:52:46Former Dodgers star Matt Kemp has cut the price of his Poway mansion to $5.999 million, down $5.5 million from the original asking price.

Meryl Streep gives sale of New York penthouse New! 2019-08-23 14:31:18Oscar-winning actress Meryl Streep is now seeking $18.25 million for her New York penthouse, down from as much as $24.6 million.

Meryl Streep's New York penthouse | Hot Property New! 2019-08-23 14:29:57The 3,950-square-foot, full-floor penthouse features a wraparound terrace, a designer kitchen and panoramic views of the State of Liberty and Hudson R

Sinclair completes $9.6-billion purchase of Fox regional sports New! 2019-08-23 13:39:36Walt Disney Co., which already owns ESPN, sold the Fox sports networks to Sinclair after the Justice Department said it couldn't keep them.

Column: Trump is proposing to reduce the employer New! 2019-08-23 13:26:24Trump's position on the notorious Texas-led attack on Obamacare would be disastrous for employer-sponsored health plans

Trump blasts Federal Reserve, threatens to escalate trade New! 2019-08-23 12:36:54His twitter tirade follows Beijing's retaliatory tariffs and the Fed chair's speech

Trump vows response as China plans tariffs on New! 2019-08-23 09:03:09The move comes in retaliation to President Trump's planned Sept. 1 duty increase in the trade war.

Tourism was a powerful economic engine in Thailand. New! 2019-08-23 08:30:43Chinese groups canceled trips to Phuket last year after a boat carrying tourists capsized, killing 47 people. This season, things are even worse.

Column: Paying women to donate their eggs for New! 2019-08-23 08:00:37The research lobby is trying again to let women be paid for donating their eggs in California. It's still wrong.

Mission Revival as an architectural movement helped sell New! 2019-08-23 08:00:26The romantic style became a brand that whitewashed the sins of its fathers and helped preserve the original missions.

Hot Property | Mission Revival as an architectural New! 2019-08-23 08:00:24The romantic style became a brand that whitewashed the sins of its fathers and helped preserve the original missions.

How dreams and elbow grease built John Gallegos' 2019-08-23 07:00:32Born to blue-collar parents, John Gallegos turned his tiny Latino ad agency into a creative collective 150 strong

Economy

Art Laffer warns on negative rates, saying he'd 2019-08-22 08:33:00"If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too," the "Trumponomics" co-author

Esther George says the Fed's 'large balance sheet' 2019-08-22 08:33:00Kansas City Fed President Esther George said the Federal Reserve may be partly responsible for the yield curve inversion.

US weekly jobless claims fall more than expected 2019-08-22 08:30:00The number of Americans filing applications for unemployment benefits fell sharply last week.

The Fed didn't need to cut rates in 2019-08-22 07:30:00"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.

A trade war with Europe would be more 2019-08-22 01:09:00Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.

Here's why Trump wants to buy Greenland 2019-08-21 17:44:00Greenland's growing strategic value is linked tightly to new North Atlantic shipping lanes opening up due to melting polar ice caps.

Bond market yield curve inverts, signaling Fed may 2019-08-21 16:34:00After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.

Fed says July rate cut was 'recalibration' and 2019-08-21 14:00:00The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.

CBO expects deficit to grow more than projected, 2019-08-21 11:00:00"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.

'Mr. Wonderful' Kevin O'Leary: 'There is no recession 2019-08-21 09:23:00U.S. companies "are on fire," says O'Leary, also chairman of O'Shares ETFs.

Morgan Stanley: Risk of a global recession is 2019-08-21 08:56:00Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a downturn in the manufacturing sector is spreading.

Trump says the Fed is the 'only problem' 2019-08-21 08:55:00President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.

NYT > Economy

How the Recession of 2020 Could Happen 2019-08-22 17:24:12The freeze-up in business confidence, caused in part by the trade war, could wind up affecting consumer confidence.

Trump Says He’s Exploring ‘Various Tax Reductions,’ and 2019-08-22 17:24:11Some of the administration’s favorite data points are now flashing warning signs about investment, jobs and growth.

How Politics Constrain the Federal Reserve and Other 2019-08-22 14:54:10Top economists will meet in Jackson, Wyo., this week for a meeting sponsored by the Kansas City Fed. But politicians gathering in France hold the real

Trump Acclaims Economy, but Voters Are Anxious Amid 2019-08-22 13:01:50Polling suggests that worries about the health of the economic expansion cross party lines.

Economic Antidote for a Shrinking America: Immigrants 2019-08-22 11:43:45Restaurants, farms and other employers say they need more foreign workers. And economic growth may depend on it, given lower birthrates.

How to Turn an iPhone Into a Work-Only 2019-08-22 10:59:04To prevent distractions, Conor Dougherty, an economics writer, dumped social media and anything fun — even his browser — from his smartpho

The End of Bidding Wars? 2019-08-22 09:30:03Multiple bids are becoming a rarity, even in the nation’s most competitive real estate markets.

Job Gains Were Weaker Than Reported, by Half 2019-08-21 16:33:22The Labor Department provided a revised picture of employment growth over a one-year period, offering the latest sign of a cooling economy.

Fed Was Divided About Interest Rate Cut 2019-08-21 16:02:30Fed officials were split in their decision over whether to cut rates and by how much.

Banks Want Efficiency. Critics Warn of Backsliding. 2019-08-20 13:37:15The Federal Reserve is streamlining postcrisis bank regulation. The end result could be lower capital requirements for the biggest banks.

U.S. Gives Companies More Time to Cease Doing 2019-08-19 23:40:39A 90-day extension is intended to give rural telecommunications time to wean themselves off the Chinese company, which supplies parts and equipment.

Job Training Can Change Lives. See How San 2019-08-19 16:35:35A program with an intensive approach offers a rare success story in producing lasting wage gains. Its guiding principle: “We will not let them f

Home Page

Wall Street tumbles as Donald Trump escalates trade New! 2019-08-23 14:01:04Jerome Powell says will 'act as appropriate' to support growth as indexes fall.

Mistry plans to sell road, solar power plant New! 2019-08-23 13:59:59Tycoon Mistry Plans Asset Sales to Cut $558 Million Debt

Trump asks US companies to dump China after New! 2019-08-23 13:56:11The US dollar rose sharply against the Chinese yuan and US stock markets fell on Trump's latest salvo against China

IndiGo's Rakesh Gangwal says he will support resolution New! 2019-08-23 13:04:54Rakesh Gangwal had alleged violation of corporate governance rules at IndiGo's parent company Interglobe Aviation.

Will 'act as appropriate': US Fed chief gives New! 2019-08-23 12:25:50The chair, under pressure from President Donald Trump to cut rates soon and deeply, listed a series of economic and geopolitical risks that the Fed is

China escalates trade war, hikes tariffs on $75 New! 2019-08-23 11:30:58The tariffs of 10 per cent and 5 per cent take effect on two batches of goods on September 1 and December 15, the official Xinhua News Agency said

Analysts expect FPI selling to reverse; see a New! 2019-08-23 11:10:51In a post-market hours press briefing today evening, Finance Minister Nirmala Sitharaman withdrew the enhanced surcharge on long and short-term capita

Govt's reform push: FPI surcharge rolled back, banks New! 2019-08-23 10:21:49Finance Minister Nirmala Sitharaman's measures come after the government was criticised for failing to stem a rout in local equity markets and a slow

Home, vehicle loans and consumption goods to get New! 2019-08-23 10:01:24Addressing the media here, Finance Minister Nirmala Sitharaman also said that banks will pass on RBI rate cut benefits to borrowers through MCLR reduc

Violations in INX Media deal not brought to New! 2019-08-23 09:03:39The deal is being probed by the ED and the CBI on charges of alleged money laundering and corruption respectively

1.2 million new jobs created in June, fewer New! 2019-08-23 07:49:24Gross enrolments of new subscribers with the ESIC were 1.49 crore during 2018-19, a report released by National Statistical Office (NSO) stated

Maruti recalls 40,618 units of WagonR to rectify 2019-08-23 07:13:48The company is proactively and voluntarily undertaking a recall campaign for certain WagonR (1 litre) vehicles manufactured between November 15 2018 a

Insider.pro

Chainalysis Rolls Out Real-Time Alerts for Suspicious Transactions 2019-08-22 15:55:51 The new tool was designed to help cryptocurrency businesses and financial institutions mitigate exposure to regulatory and reputational risk.

Rwandan Central Bank May Launch Its Own Digital 2019-08-22 13:11:36 With the launch of digital currency, the Republic of Rwanda wants to make the processing of transactions more efficient and to boost economic growth.

Blockchain.com Partners with Polkadot 2019-08-22 07:59:17 The Polkadot project aims to solve the challenges of cross-blockchain interoperability and create a new paradigm for on-chain governance.

Gemini Exchange Launches in Australia 2019-08-22 07:42:20 However, at press time, Gemini does not support its own stablecoin called Gemini Dollar (GUSD) in Australia.

Kraken to List WAVES and BAT 2019-08-21 15:00:51 The exchange will enable deposits and withdrawals for both assets at approximately 13:30 UTC on August 22.

Tether to Issue Stablecoin Pegged to Chinese Yuan 2019-08-21 12:53:39 However, it is expected that Chinese regulators will not be happy about it.

ICONLOOP Partners with ARTnGUIDE 2019-08-21 11:11:40 ICONLOOP has applied its blockchain-based certificate issuance service 'broof' to 'ARTnGUIDE'

Square Crypto Hires Blockstream Co-Founder 2019-08-20 15:55:09 It is expected that Matt Corallo would be responsible for open-source Bitcoin projects under control from Square Crypto.

BitMEX Imposes Restrictions on Three Jurisdictions 2019-08-20 14:40:52 The exchange notes that the change will have no financial impact on the business and will affect very few people.

Bank of America Patents Crypto Wallet 2019-08-20 12:58:23 Users in such a system will be asked to enter one of several correct passwords in order to access one of the wallet levels.

Israeli Crypto Traders Demand Clarity from Banks 2019-08-20 07:13:38 Israeli crypto traders are demanding that the Bank of Israel and the commercial banks should make their policy in this matter public.

World Bank Makes A$50M via Blockchain Tech 2019-08-19 18:40:29 This is the first bond, the creation, placement, transfer and management of which was carried out using the blockchain.


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