Global Economy

admin June 27, 2018

The Federal Reserve is raising interest rates, and that’s led some to worry that mortgage rates will spike and put an end to the housing boom in the United States. Not so fast, according to the head of a big homebuilder. Stuart Miller, executive chairman of Miami-based builder Lennar, said Tuesday that “concerns about rising […]

admin June 26, 2018

The risk of a global trade war is rising. That could sink the US economy into a recession, bringing an end to the second-longest expansion in American history. Although the economy is strong right now, businesses and investors are growing more worried about President Trump’s trade crackdown. Tensions are escalating, raising the chances that the […]

admin June 26, 2018

Investment in the UK auto industry has halved because of concerns that Brexit could cripple carmakers and force them to close factories. The Society of Motor Manufacturers and Traders said Tuesday that investment in new models, equipment and facilities in the United Kingdom was £347 million ($460 million) in the first half of the year, […]

admin June 26, 2018

When the federal minimum wage first became law in 1938, it was 25 cents. Adjusted for inflation, that would be worth $4.19 today. Scroll over the chart to see historical minimum wage amounts, and their corresponding values in today’s dollars. Source link

admin June 26, 2018

A move by President Donald Trump to impose tariffs on cars assembled in Europe would dramatically escalate trade tensions and produce a quick response from the European Union. Trump threatened to make cars his next major target in a transatlantic trade tussle on Friday, saying they were in line for a 20% tariff if the […]

admin June 25, 2018

Wall Street’s trade war anxiety is spreading to tech. The Dow shed 400 points, or 1.7%, on Monday following news that President Donald Trump plans to crack down on Chinese investment in major technologies in the United States. The drop left the index on track for its worst day in two months and its ninth […]

admin June 25, 2018

Banks are not yet prepared for a “no deal” Brexit and must act now to avoid putting the stability of the financial system at risk, according to the European Union’s top regulator. In an opinion published Monday, the European Banking Authority said that preparation for a scenario where Britain crashes out of the European Union […]

admin June 25, 2018

1. Amazon is too expensive for the Dow: Amazon and Jeff Bezos might be conquering the world, but there’s at least one exclusive club they haven’t gained entry to: The Dow Jones Industrial Average. Amazon (AMZN) is one of the most consequential companies on the planet, so it stands to reason that it’d be in […]

admin June 24, 2018

The start of a trade war between the United States and China comes at an inconvenient time for the Chinese economy. In recent weeks, concerns have been mounting that growth in the world’s second-biggest economy is cooling faster than previously expected. Weaker Chinese growth will have repercussions for big trading partners, such as the United […]