The Federal Reserve Bank and the bond market are at odds over the outlook for the U.S. economy and inflation. Despite two hikes of the Federal Funds rate this year, ranging between 1.75 percent and 2.0 percent, long-term rates have not kept pace, causing the yield curve to flatten and stoking fears of a recession. […]
Read moreCheck out the companies making headlines before the bell: Dell Technologies Class V – The computer maker announced a buyout of the shares that track the performance of its cloud software unit, VMWare, which itself is a publicly traded company. The deal exchanges DVMT shares for either cash or shares of a new class of […]
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‘There is a thunderstorm coming from the West’: German business reacts to tariff threat
President Donald Trump’s threatened trade tariffs are like a “thunderstorm” facing Europe, according to the head of a German industry body. “There is a thunderstorm coming from the west of the Atlantic, and we should all prepare for this in Europe and we should work on these issues (around trade),“ Joachim Lang, director general of […]
Read moreIt’s too “premature” to say whether President Donald Trump‘s auto tariffs will come to pass, Commerce Secretary Wilbur Ross told CNBC on Monday. Ross also said it’s too early to tell whether the United States will withdrawal from the World Trade Organization. “We’ve made no secret of our view that there are some reforms needed […]
Read moreDell said on Monday it will buy out the holders of shares that track the performance of VMWare using a mix of cash and equity in Dell. The move marks the culmination of a strategic review that Dell has been conducting for several months as it has sought to consolidate its complicated ownership structure without […]
Read moreCryptocurrency projects have been popping up left, right and center in the past 18 months, but over 800 of those are now dead, adding to comparisons between the current digital coin market and the dotcom bubble in 2000. New digital tokens are created via a process known as an initial coin offering (ICO) where a […]
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The risk of a global recession has ‘significantly increased,’ strategist warns
A slew of global developments are convening to threaten economic growth, according to one investment manager, who believes that the risks of a recession next year have now “significantly increased.” Global growth stood at 3.8 percent in 2017 and it is set to add another 3.9 percent this year and the next, according to forecasts […]
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Mexico’s next president believes Trump is ‘erratic and arrogant’ — but vows to build ‘friendly' ties
Mexico’s Andres Manuel Lopez Obrador promised to seek friendly ties with the United States, shortly after claiming a landslide victory in the country’s presidential election. On the back of widespread frustration over endemic corruption and brutal violence, the 64-year-old former Mexico City mayor won around 53 percent of the vote, according to an official projection […]
Read moreGerman Chancellor Angela Merkel’s power base appears to be hanging on a thread after the leader of her long-term coalition partner reportedly offered to resign because of differences over immigration. The potential resignation of Horst Seehofer, the interior minister and head of the Bavarian-based Christian Social Union (CSU) which partners Merkel’s Christian Democratic Union (CDU) […]
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EU reportedly warns of new tariffs worth $300 billion if Trump targets automakers
The United States could get a new round of retaliatory tariffs worth as much as $300 billion, if it moves ahead with new duties on European cars, the Financial Times reported. In a written statement to the U.S. Department of Commerce, seen by the news publication, the EU set out clear plans to respond to […]
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