New orders for key U.S.-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a further slowdown in business spending on equipment that could crimp economic growth.
Minutes from the Federal Reserve’s January meeting released Wednesday showed unanimous agreement among officials to hold off on future interest-rate rises until a clearer picture on the state of the U.S. economy could be seen, though some members acknowledged the economic outlook was more uncertain since their previous meeting.
The world’s two largest economies began their latest round of trade talks this week to resolve a bitter dispute in which each has levied tariffs on imports from the other.
In an interview with Reuters, Williams estimated the Federal Reserve would continue trimming its bond portfolio well into next year. He also said he felt rates had reached his current view of a lower “neutral” level, with growth and unemployment leveling off and inflation, if anything, a bit weaker than hoped.
Glencore ( GLNCY ) plans to curb production at one of its biggest copper and cobalt mining operations, Mutanda Mining Sarl in Congo, according to people familiar with the matter, potentially taking a sizable portion of two important industrial metals out of circulation.
As The Stock Market Rallies On US-China Trade Hopes, Bond Investors May Be Worried About A Recession
Stocks have been euphoric about the potential for a trade deal between the U.S. and China, but the bond market has been acting gloomy and has been more focused on uncertainty and the chances for a recession. Buyers have been flocking to both markets for different reasons, and analysts say ultimately one of them will be right.
The U.S. Commerce Department Sent a Report on Sunday to U.S. President Donald Trump that Could Unleash Steep Tariffs on Imported Cars and Auto Parts
A report from the Center for Automotive Research in Ann Arbor, Michigan, published on Friday showed its worst-case scenario of a tariff of 25 percent would cost 366,900 U.S. jobs in the auto and related industries.
Gazprombank Freezes Accounts Of Venezuela’s PDVSA To Reduce The Risk Of The Bank Falling Under U.S. Sanctions
Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm.
Farmers are waiting for more clarity on trade deals before buying equipment. The company said Friday that initial orders of tractors, combine harvesters and other equipment were weak, contributing to the lower-than-expected quarterly profits.
Levi Strauss & Co. Wednesday Filed Paperwork For An Initial Public Offering Of Shares And It Hopes To Raise More Than $600 Million
In its IPO filing, Levi said it was looking to make acquisitions that would “drive further brand and category diversification.” The company still gets the majority of its sales from its Levi’s jeans and Dockers khakis.
The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s legendary 747 but failed to take hold as airlines backed a new generation of smaller, more nimble jets.
China’s Economy Is In “Long-Term Decline” And Growth From 2020 Will Be Increasingly Dependent On Foreign Capital, According To Morgan Stanley
China will likely become more reliant on foreign capital as the country looks set to enter into years of shortfall in its current account, Morgan Stanley predicted in a report. “The economy’s current account is in long-term decline and the future growth of the economy will be increasingly dependent on foreign capital,” said the investment bank in a report on Tuesday.
The job cuts underscore the tough environment videogame makers face as players increasingly sink their time and money into only a handful of games they can play in perpetuity—the current king being “Fortnite.”
Chinese diplomats, worried over the future of its oil projects in Venezuela and nearly $20 billion that Caracas owes Beijing, have held debt negotiations in Washington in recent weeks with representatives of Juan Guaidó, the opposition leader heading the U.S.-backed efforts to oust Mr. Maduro.