Global Economy

admin July 12, 2018

BEARS sound clever; bulls make money. This piece of financial acumen, imparted by a trader to a colleague, is hard to beat for brevity. It also makes a good point. There is something about market pessimism that endows bears with an aura of wisdom that is not always deserved. The cautious sound clever because they […]

admin July 12, 2018

Wall Street might not be freaking out about the trade war between China and the United States, but serious cracks are forming in the commodities market. Check out copper, the industrial metal that’s so sensitive to swings in the global economy that it’s affectionately known as Dr. Copper. The price has plunged 16% over the […]

admin July 12, 2018

President Donald Trump has embarked on a visit to Europe that will bring the American leader face to face with vocal critics of his trade policies. Trump has imposed steep tariffs on goods from the European Union, and he has recently repeated threats to go after the bloc’s auto companies next. Europe has fired back […]

admin July 12, 2018

The amount of money coming into American companies from overseas fell 32% last year. Foreign investors spent $259.6 billion to acquire, launch, and expand businesses in the United States in 2017, according to numbers released Wednesday by the US Bureau of Economic Analysis. That’s down from an historic high of $439.5 billion in 2015. The […]

admin July 11, 2018

Stocks slumped Wednesday because investors were worried about new tariffs imposed on China by the United States. But the biggest fear facing US investors shouldn’t be growing global trade tensions. It should be rising interest rates. “The Fed is more likely to kill the bull market than a trade war,” said Emily Roland, head of […]

admin July 11, 2018

Russian gas is a thorny issue in Europe. Many countries continue to rely on Moscow for much of their energy imports despite continued geopolitical tensions. It came up again on Wednesday. President Donald Trump scolded Germany over its reliance on Russian gas. “Germany is a captive of Russia,” he said at a meeting with NATO […]

admin July 11, 2018

President Donald Trump’s pro-business agenda is in an epic battle with his anti-business instincts. These contradictory stances played out for all to see the past few days. On Friday, Trump imposed tariffs on China that Corporate America lambasted because of the risk of a recession-inducing trade war. On Monday, Trump followed up his recent attacks […]

admin July 10, 2018

Corporate America threw Wall Street a record-shattering party last quarter. Flooded with cash from the Republican tax cut, US public companies announced a whopping $436.6 billion worth of stock buybacks, according to research firm TrimTabs. Not only is that most ever, it nearly doubles the previous record of $242.1 billion, which was set during the […]

admin July 9, 2018

British Prime Minister Theresa May and her government have agreed a “business-friendly” plan for Brexit. Announced at the end of a crucial summit on Friday, the proposal seeks to preserve frictionless goods trade with the European Union, and avoid the border checks and tariffs most feared by manufacturing companies. In a statement, May said she […]