President Trump dismisses worries of recession, touts strong economy

Business 08/19/19, 07:45

President Donald Trump denied recession concerns on Sunday and provided an optimistic economic outlook after the decline in the financial markets last week. “I don’t think we’re having a recession,” Trump told reporters as he returned to Washington from New Jersey. “We’re doing tremendously well. Our consumers are rich. I gave ...

July jobs report: 164,000 jobs added, unemployment rate stays 3.7%

U.S. 08/02/19, 15:41

The U.S. economy added 164,000 jobs in July, while the unemployment rate remained at 3.7%, making another record month for the Trump administration. The Labor Department reports that these July numbers are “in line with average employment growth in the first 6 months of the year.” The labor force participation rate ...

Fed likely to leave rates alone but signal readiness to cut

Business 06/17/19, 10:59

Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference, the message will likely ...

Solid US jobs report could allay fears of weakening economy

Business 06/07/19, 09:50

With worries rising about trade wars and slower global growth, Friday's jobs figures for May could serve as a reminder that the U.S. economy is still mostly in good shape. Or, an unexpectedly weak employment report could intensify concerns that after a healthy first quarter, the U.S. economy is actually stumbling. Economists ...

Fed says economic gains tempered by trade worries

Business 06/05/19, 20:34

Most areas of the country saw a slight improvement in economic activity in the spring, but those gains were tempered by concerns over rising trade tensions, the Federal Reserve said Wednesday. In its latest report on economic conditions nationwide, the Fed said businesses reported solid hiring in a number of sectors ...

World Bank maintains US forecast, downgrades global growth amid trade war

Business 06/05/19, 05:35

The World Bank has kept its economic growth forecast for the United States unchanged, though it downgraded the outlook for the global economy amid trade conflicts and rising government debts. In the report “Global Economic Prospects: Heightened Tensions, Subdued Investment” released on June 4, the World Bank forecast the United States ...

US economy speeds up in Q1, President Trump defies economists again

Business 05/31/19, 07:17

President Donald Trump defied the assessments of mainstream economists again as the U.S. economy accelerated in the first quarter of 2019 despites a bitter trade tension with China. Real gross domestic product increased 3.1 percent on-year in January-March, according to the second estimate of first-quarter GDP released by the U.S. Bureau ...

Getting caught up with Huawei—Part 1 the issues

U.S. 05/23/19, 09:37

Huawei, has the third largest market share of smartphones worldwide, after Samsung and Apple. But for all its success on the world stage, it has not done well in the United States. But the world's second-biggest manufacturer of smartphones has just 2.4 percent of the mobile market share in the United ...

White House: This time is different

Opinion 05/06/19, 20:50

Americans have seen good economies and bad economies over the years, from the stagflation of the 1970s to the Reagan Revival and from the Great Recession to the slow, crawling “recovery” of the Obama Administration. The Trump Economy is roaring, but it’s also different. In previous booms, fast growth often meant soaring stocks ...

US productivity grows at solid 3.6% rate in first quarter

Business 05/02/19, 07:34

U.S. productivity grew at a solid 3.6% rate in the first three months of this year, the strongest quarterly gain in more than four years and a hopeful sign that a long stretch of weak productivity gains may be coming to an end. The Labor Department says the first quarter increase ...

The deafening silence of the President’s critics

Opinion 04/30/19, 19:09

It’s a playlist that seems stuck on repeat: Someone on the left makes a wild, baseless prediction that America’s economy will be destroyed by the Presidency of Donald J. Trump . . . only to be proven wrong time and time again by every shred of evidence. It happened again on ...

Pelosi responds to a new success of Trump – March jobs report

Politics 04/05/19, 21:47

House Minority Leader Nancy Pelosi (D., Calif.) came down hard on a positive U.S. jobs report on Friday, saying it "does little to calm the uncertainty facing hard-working Americans’ health care and economic security." Hiring rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February’s number. The ...

Confidence gauge suggests US hiring could slow later in year

Business 04/05/19, 06:45

A random survey of 2,000 Americans has produced a surprisingly strong track record of forecasting the health of the job market over time. At the moment, it points to a solid job gain for March in the monthly employment report the government will issue Friday. But it suggests that hiring could ...

US retail sales declined 0.2 percent in February

Business 04/01/19, 08:36

U.S. retail sales fell in February, as consumers pulled back their spending on building materials, groceries, furniture, electronics and clothing declined amid signs of a slowing economy. The Commerce Department said Monday that retail sales fell 0.2 percent in February, after posting an upwardly revised gain 0.7 percent in January. Over ...

US consumer spending edges up weak 0.1 percent in January

Business 03/29/19, 08:55

U.S. consumer spending edged up a tiny 0.1 percent in January, while incomes advanced a modest 0.2 percent in February, further evidence that economic activity may have decelerated after strong growth for most of last year. The Commerce Department said Friday that the weak gain in consumer spending followed a 0.6 ...

US stocks open lower on concerns over global growth

Business 03/25/19, 09:24

U.S. stocks edged lower in early trading Monday, extending losses from a broad sell-off last week, as new economic data stoked investors' worries over slowing global growth. Technology companies accounted for much of the decline. Health care and energy stocks also helped pull the market lower. Chipmaker Nvidia dropped 1.5 percent, ...

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