Economic policy Headlines

  • Asian markets slightly higher after latest trade developments

    Asian markets were slightly higher as China took the next, critical step in a long-awaited money management reform, and as the United States gave the Chinese tech company Huawei a slight reprieve in Washington's ongoing trade war with Beijing. China's Shanghai Composite Index edged up 0.2%, following a 2.1% gain the day before. Hong Kong's Hang Seng Index was up 0.1% after being lower earlier in the day. The indexrallied 2.2% on Monday,its biggest daily gain in two months. On Tuesday morning...

    WPLG
  • Asian shares mostly rise after Wall Street rally on Huawei

    Asian shares are mostly higher after Wall Street rallied on the US decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers

    www.washingtonpost.com
  • Trump calls on Federal Reserve to cut interest rates

    Trump calls on Federal Reserve to cut interest rates by at least a full percentage point

    ABC News
  • 74% of economists in survey see US recession by end of 2021

    Nearly three-quarters of economists in survey see US recession by 2021

    ABC News
  • Dow jumps on hopeful signals about trade

    The Dow soared Monday as investors grew increasingly optimistic about a potential resolution to the the trade war and a limit to its economic fallout. Although President Donald Trump has repeatedly fanned the trade war flames, he tweeted Sunday that the United States and China were "talking." He also tried to tamp down recession fears, tweeting that an end of the trade war would help boost the US economy. Also boosting stocks was China's response to its slowing economy, which has been rocked by...

    WPLG
  • Economists survey: 34% expect a US recession in 2021

    A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021.

    ABC News
  • Japan's exports fell in July for 8th straight month

    Worries continue about Trump's trade policies denting Asian economic growth.

    ABC News
  • Asian shares rise as investors watch trade war, economies

    Investors continue to rejigger their read on President Donald Trump's trade war.

    ABC News
  • Get holiday shopping done early this year to avoid tariffs

    President Trump doesn't want to be the Grinch who stole Christmas for American consumers. That's a major reason why the White House decided this week to push the implementation of new tariffs on a variety of Chinese goods to mid-December. Trump admitted as much on Tuesday, telling reporters that "we're doing this for the Christmas season just in case some of the tariffs would have an impact on US customers." He added that the tariffs on electronics, toys, sneakers and other products will be...

    WPLG
  • It was a wild week on Wall Street

    It was far from the dog days of summer on Wall Street this past week. Investors went on a roller coaster ride after the markets reacted to both good and bad news. Monday, August 12 The wild ride begins Monday after the Dow closes nearly 400 points lower, or 1.5%. The S&P 500 and Nasdaq also closes 1.2% lower. The continuing trade war between China and the United States weighed heavily on investors' minds. The risk is that the tit-for-tat tariff battle between the world's two largest...

    WPLG
  • Recession signs worry Trump ahead of 2020

    Trump has been warned of recession if he loses 2020 but it may come before that.

    ABC News
  • California's 113-month job growth ties record set in 1960s

    California's unemployment rate has again fallen to an historic low of 4.1% as the world's fifth-largest economy continues to add jobs following the Great Recession

    ABC News
  • Dow jumps 200 points to cap off a crazy week

    The Dow shot higher Friday, as investors look to cap off a wild week for Wall Street on a high note. US stocks rose after Europe and China announced plans for additional stimulus to shore up their economies in the wake of a global trade war. China's National Development and Reform Commission said Friday it would boost stimulus to shore up the country's economy, stabilize employment and give people more disposable income. Although China didn't elaborate on its plans, that was enough to soothe...

    WPLG
  • Bank of Mexico lowers interest rate, citing global concerns

    Mexico's central bank says it is lowering its benchmark interest rate by a quarter-point to 8%, citing slowing global economic activity and tensions including the trade war between the United States and China

    ABC News
  • Dow rises 100 points on calming signs from Walmart and China

    The Dow and the US stock market rose slightly Thursday after Walmart reported strong earnings and a brighter forecast and China said it remained hopeful about a trade war resolution with the United States. Walmart said its outlook for the rest of 2019 has improved after Americans shopped more at US stores in the second quarter. With its huge network of thousands of stores, Walmart is a bellwether for consumer spending. For investors, that contrasted with a threat from China. On Thursday, the...

    WPLG
  • China threatens retaliation if US tariff hikes go ahead

    Beijing will take unspecified "necessary countermeasures," the Cabinet said.

    ABC News
  • China threatens retaliation if US tariff hikes go ahead

    China threatens retaliation if Washington steps up their war over trade and technology by going ahead with planned Sept. 1 tariff hikes on additional Chinese imports

    Washington Post
  • Retailers wrestle with a volatile trade policy with China

    Retailers and consumer product makers struggle in a world where trade policies change on the dime

    ABC News
  • Retailers wrestle with a volatile trade policy with China

    Retailers and consumer product makers struggle in a world where trade policies change on the dime

    ABC News
  • Retailers wrestle with a volatile trade policy with China

    Retailers and consumer product makers struggle in a world where trade policies change on the dime

    ABC News
  • On the Money: Fed's rate cuts strike savers' pocketbooks

    Banks start to cut interest rates offered to savers, after years of modestly increasing the amount of money they paid for deposits

    ABC News
  • China still hurting from trade war, pressure mounting

    The trade war might be headed for a slight reprieve, but China is still getting battered by a slowing economy and its standoff with the United States. Industrial production in China — an important indicator for the country's economy — grew just 4.8% in July compared to a year earlier, according to China's National Bureau of Statistics. That's the worst growth for that sector in 17 years. The metric is important because it measures the output of key businesses in China's manufacturing, mining...

    WPLG
  • 5 of the world's biggest economies at risk of recession

    Five big economies are at risk of recession. It won't take much to push them over the edge. The UK economy shrunk in the second quarter, and growth flat lined in Italy. Data published Wednesday show Germany's economy, the world's fourth largest, contracted in the three months to June. Mexico just dodged a recession— usually defined as two consecutive quarters of contraction — and its economy is expected to remain weak this year. Data suggest Brazil slipped into recession in the second...

    WPLG
  • German economy shrinks amid trade concerns, auto woes

    The German economy shrank by 0.1 percent in the second quarter as global trade conflicts and troubles in the auto industry weighed on Europe's largest economy

    ABC News