President Donald Trump’s top economic advisor Larry Kudlow said China trade talks have stalled on Wednesday. “I do not think President Xi has any intention of following through on any of the discussions we’ve made and I think the President is so dissatisfied with China on these so-called talks that he is keeping the pressure […]
Read moreU.S. homebuilding fell to a nine-month low in June and permits declined for a third straight month, dealing a blow to the housing market as it struggles with an acute shortage of properties available for sale. Housing starts tumbled 12.3 percent to a seasonally adjusted annual rate of 1.173 million units last month, the Commerce […]
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Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough
Boeing and Airbus have continued their battle to win the most business at the Farnborough International Airshow, racking up commercial plane orders worth more than $110 billion. It should be noted that all the prices quoted are the planemakers’ official list prices with steep discounts likely to be negotiated by buyers. Additionally, the gross dollar […]
Read moreHome prices are high, listings are lean and potential buyers are frustrated. There is plenty of demand, but it is not translating into home sales. Mortgage applications dropped 2.5 percent last week, seasonally adjusted, according to the Mortgage Bankers Association. The weakness was driven entirely by a lack of buyers. Total volume was 12 percent […]
Read moreA decade after the 2008 recession, the policymakers who countered it on its front lines are worried that the U.S. may not be adequately armed for the next economic crisis. Speaking at a roundtable discussion on Tuesday, former Federal Reserve Chairman Ben Bernanke and former Treasury Secretaries Timothy Geithner and Henry Paulson recounted the lessons […]
Read moreMoney managers are becoming increasingly concerned about the prospects of a ‘no-deal Brexit’ between the U.K. and the European Union. Growing division within both British Prime Minister Theresa May’s Conservative government and the wider parliament is putting investors off. With less than six months of negotiations left — the U.K. is set to leave the […]
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Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections
Former FBI director and long-time Republican supporter James Comey is urging American voters to support Democrats in the upcoming midterm elections. “This Republican Congress has proven incapable of fulfilling the Founders’ design that ‘Ambition must … counteract ambition,’” Comey said in a tweet late Tuesday. “All who believe in this country’s values must vote for […]
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Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever
Disney and Comcast are currently locked in a transatlantic bidding war for one of the entertainment industry’s most coveted assets. The skirmish to control some of Rupert Murdoch’s global empire comes as some of the worlds’ most influential media moguls try to find ways to stay relevant at a time when American consumers are cutting […]
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European markets set for a strong open amid earnings; Google in focus
European shares are set for a strong open on Wednesday carrying on the positive sentiment that kickstarted on Wall Street. The FTSE 100 is seen higher by 32 points at 7,665; the DAX is expected to start higher by 49 points at 12,724; and the CAC 40 is seen up by 21 points at 5,441; […]
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Rolls-Royce is developing tiny 'cockroach' robots to crawl in and fix airplane engines
Rolls-Royce said Tuesday it is developing tiny “cockroach” robots that can crawl inside aircraft engines to spot and fix problems. The U.K. engineer said the miniature technology can improve the way maintenance is carried out by speeding up inspections and eliminating the need to remove an engine from an aircraft for repair work to take […]
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