China is investing nine times more into Europe than it is into North America as policies force divergence, a report released this week reveals. Chinese outbound foreign direct investment (FDI) has dramatically swung toward Europe in the first half of 2018 and its FDI into North America has dropped by a whopping 92 percent in […]
Read moreIn the woods of central Maine, trees are gaining value by the minute, and lumber producers aren’t waiting a second. They are scrambling to expand production, build new facilities and hire more workers. Lumber prices soared over sixty percent since early 2017, thanks to a perfect storm that hit Canadian supply. First tree-eating beetles, then […]
Read moreSan Francisco voters will decide in November whether to tax large businesses to pay for homeless and housing services, an issue that set off a battle in another West Coast city struggling with income inequality. The city elections department verified Monday that supporters had collected enough signatures to get the measure on the ballot. It […]
Read moreU.S. homebuilders are heartened by the strong demand and tight supply in today’s housing market, but they still can’t meet that demand as much as they might like. Consequently, their level of confidence is stuck in neutral. A monthly sentiment survey from the National Association of Home Builders was unchanged in July, standing at 68. […]
Read moreThe U.S. economy is running at a fast enough pace to justify continued interest rate increases, Federal Reserve Chairman Jerome Powell said Tuesday. Powell is delivering his semiannual testimony to Congress this week, starting with an appearance Tuesday before the Senate Committee on Banking, Housing and Urban Affairs. In remarks he provided ahead of a […]
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‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit
President Donald Trump’s siding with Russian President Vladimir Putin rather than his own intelligence services — who said Russia had meddled in the U.S. election in 2016 — has prompted a litany of eye-grabbing headlines in the press. Trump’s summit with Putin in Helsinki, Finland, on Monday saw the leaders chat in private before a […]
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Trump's performance at summit with Putin was 'unprecedented,' experts say
President Donald Trump’s performance at a joint news conference with Russian President Vladimir Putin on Monday has drawn criticism from many quarters for his siding with Moscow against the U.S. intelligence community. According to multiple experts, the U.S. leader’s focus appeared to be not on his country’s interests — but rather on his own. “Trump […]
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European stocks seen mixed amid earnings; Fed’s Powell to address Congress
Stocks in Europe are poised for a mixed open Tuesday as investors await further corporate results and remarks by Federal Reserve Chairman Jerome Powell. The FTSE 100 is seen up by 6 points at 7,601; the DAX is expected to open off by 9 points at 12,562 and the CAC 40 is set to open […]
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'The United States has been foolish': Read Trump and Putin's full exchange
U.S. President Donald Trump and Russian President Vladimir Putin held a press conference at their summit in Helsinki, Finland on Monday, where the two leaders discussed issues ranging from Russian meddling in the 2016 U.S. presidential election to nuclear arms proliferation, the war in Syria and cooperation on energy. The summit took place only days […]
Read moreA trend in the bond market that has a long history of foreboding accuracy has kindled talk of a recession, but it could be a long conversation. Current conditions suggest little danger of a significant economic downturn. Consumers and business owners are confident, corporate profits are soaring and the unemployment rate is headed toward the […]
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