Global Economy

admin June 28, 2018

PRESIDENT Donald Trump’s view of investment depends on who is doing it. On June 22nd he railed against Europeans exporting cars to America, demanding that they “build them here!” On June 26th he tweeted that all Harley-Davidson motorcycles should be made in America (see article). But when it comes to Chinese investors buying American technology, […]

admin June 28, 2018

Deutsche Bank was the only major financial institution to fail the Federal Reserve’s annual stress text exam, dealing another blow to Germany’s largest lender. The Fed raised more moderate concerns about Goldman Sachs and Morgan Stanley that will prevent those Wall Street banks from raising their dividends and buying back more of their stock. The […]

admin June 28, 2018

American companies operating in China are likely to find themselves in the firing line as the trade fight between Washington and Beijing intensifies. But making life difficult for big US brands could bring painful consequences for Chinese industries, too, experts say. The Chinese government has a track record of disrupting the businesses of companies from […]

admin June 28, 2018

One of the biggest buyers of Iranian oil is unlikely to comply in full with US demands to reduce imports to zero. India said Wednesday it did not recognize sanctions the United States has threatened to impose on countries that continue to buy Iranian oil after November 4. “India does not recognize unilateral sanctions, but […]

admin June 27, 2018

When Laura Pedersen opened her clinic for young pregnant women in Tucson nearly 20 years ago, her job seemed overwhelming — around 12,000 babies were born to teens in Arizona a year, with all of those young moms requiring special counseling and support. The program, called Teen Outreach Pregnancy Services, even opened a second location […]

admin June 27, 2018

Beer is being rationed in the United Kingdom because of a shortage of carbon dioxide. Booker, a major UK wholesaler owned by Tesco (TSCDY), has confirmed that it’s limiting customers such as bars and grocers to 10 cases of beer (300 cans) per brand a day, the most dramatic consequence to date of a shortage […]

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