Britain’s finance minister Philip Hammond has urged for continued collaboration between the U.K. and European financial services businesses as Brexit talks enter into their second day. In his annual Mansion House address, Hammond sought to reassure City of London leaders that U.K. businesses could continue to operate with the EU while it establishes its new […]
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Europe achieves nothing but a new arms race with further sanctions against Russia, says VTB Bank CEO
The European Union has achieved nothing with sanctions against Russia and any extension to such measures from the bloc’s foreign ministers could lead to a new arms race, according to the chief executive of Russia’s VTB Bank. “Did the west achieve anything with (previous) sanctions? Whether the world became a better place to live, whether […]
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Global demand for airline service lifts airplane forecast to new high
The world wants to fly, or at least a growing number of people around the world do and that’s lifting forecasts for new planes, especially narrow-body models, to an all-time high. “The market is especially hungry for single-aisle airplanes as more people start traveling by air,” said Randy Tinseth, vice president of Marketing at Boeing […]
Read moreAlthough many investors are still uneasy about the state of the global economy, Goldman Sachs Chairman and CEO Lloyd Blankfein says things actually seem to be looking up. “I’d say things are pretty good,” Blankfein told “Mad Money” host Jim Cramer on Monday. “If you looked at things statistically, you looked at the numbers, you […]
Read moreInvestors betting on a strong pickup in economic growth might want to consider a new forecast hitting Wall Street on Monday. The New York Federal Reserve now expects U.S. economic growth at an annualized rate of 1.9 percent for the second quarter, down from a 2.3 percent forecast. The bank also expects annualized growth of […]
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Economic optimism in the United States is surging, according to the latest CNBC All-America Economic Survey, with several key components hitting all-time highs, but it’s not helping the president. The CNBC survey of 800 Americans across the country finds that 30 percent of the public are optimistic about the economy now and for the future, […]
Read moreHomebuilders slowed down the pace of construction for the third straight month in May, a possible sign that the shortage of houses for sale might worsen. The Commerce Department says housing starts fell 5.5 percent in May to a seasonally adjusted annual rate of 1.09 million units. This comes after a 2.7 percent monthly decline […]
Read moreIf Janet Yellen has her way, the Federal Reserve that she chairs is about to go from the center of the market’s universe to a mere afterthought. Investors might even welcome a boring Fed after a decade of hanging on every word out of the central bank. But for Yellen’s hope to become reality, a […]
Read morePresident Donald Trump wants to blow out the number of apprentices working for U.S. companies — but it doesn’t look like he’ll spend the money to do it. Apprenticeships blend on-the-job work with paid classroom instruction, and they usually last two to six years. The federal government has regulated and certified apprenticeships since 1937, but […]
Read moreThe Trump administration recently pointed to rising coal mining employment as a sign that the president’s “America First Energy Plan” is already bearing fruit. But many of those jobs might not actually exist. Administration officials are citing preliminary estimates of job gains, not hard numbers, as their proof that coal employment is already growing. But […]
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