US Stocks Retreat After Three Positive Sessions
Wall Street stocks opened lower Tuesday, retreating after three straight positive sessions amid lingering unease over the U.S.-China trade war and low U.S. bond yields.
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Most Americans Worried About Possible 2020 Recession
The U.S. economy is on voters’ minds, and according to a poll Monday they’re worried a recession is looming on the horizon and the economy will slide downward in 2020.
Read moreOne in Three Economists Expect US Recession by 2021
A number of U.S. business economists appear sufficiently concerned about the risks of some of President Trump’s economic policies that they expect a recession in the United States by the end of 2021.
Read moreLeaked UK Memos Warn of Food, Drug Shortages in Brexit Chaos
Secret British government documents have warned of serious disruptions across the country in the event that the U.K. leaves the European Union without a trade deal on Oct. 31, according to a report.
Read moreTrump Economic Adviser Dismisses Fears of Looming Recession
President Donald Trump’s top economic adviser is playing down fears of a looming recession after last week’s sharp drop in the financial markets and predicting the economy will perform well in the second half of 2019.
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Wildlife Meet Mulls Trade Rules to Counter ‘Unprecedented’ Species Declines
Amid growing alarm over accelerating extinctions, a major international conference opened in Geneva Saturday aiming to tighten rules on trade in elephant ivory and other endangered animal and plant species.
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Global Shares Creep Up Despite US-China Trade War
Global shares were mostly higher Friday, although turbulence continued on global markets amid ongoing worries about the U.S.-China trade war.
Read moreGlobal Stocks Choppy as Trade War Fears Take Hold
Stock markets nervously traded sideways Thursday as investors all but gave up hope that a US-China trade war could be nearing its end.
Read moreAmerican Hobby Store Getting Killed by Trump’s Tariffs
After getting his first customs bill in the mail since President Donald Trump slapped a 25% tariff on Chinese imports, Mike Brey is considering closing up shop.
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Pelosi: No US-UK Trade Deal if Brexit Includes Hard Border With Ireland
An American trade pact with Britain is doomed if the latter’s withdrawal from the EU undermines the Northern Ireland peace accord, House Speaker Nancy Pelosi warned Wednesday.
Read moreGlobal Stocks Slump as Growth Fears Replace Trade Joy
Stock markets on both sides of the Atlantic saw hefty losses Wednesday, gripped by fears for the global economy only a day after enthusiasm over possible detente in an ongoing US-China trade war had given them a dizzying lift.
Read moreTrump Delays Tariffs on Some Chinese Goods Until December
Two weeks after President Donald Trump escalated his trade war by announcing an additional 10% tariff on $300 billion of Chinese goods, his administration said Tuesday some electronics and other items will be exempt until December.
Read moreStock Markets Sink Under Weight of Global Worries
Stock markets retreated Tuesday as tensions in Hong Kong, economic crisis in Argentina, uncertainty over U.S.-China trade talks and fears of a global slowdown combined into a menacing cocktail of worries.
Read moreChinese Businesses Adapt to US Trade War
Export-reliant Chinese companies are slashing prices, moving production abroad, creating new domestic markets and rebranding goods as they try to survive the escalating trade war with the United States.
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South Korea to Remove Japan From Preferred Trade List
South Korea said Monday that it will remove Japan from a list of nations receiving preferential treatment in trade in what is seen as a tit-for-tat move after Tokyo’s recent decision to downgrade Seoul’s trade status amid a diplomatic row.
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Stock Markets and Pound Sink on Italy, UK, Trade War Woes
Stock markets slumped and the pound hit a fresh two-year low against the euro Friday as traders reacted to a sudden Italian political crisis, a British economic contraction and a new twist in the US-China trade war.
Read moreUS, Britain Back Rapid Trade Deal Post-Brexit
The top U.S. and British diplomats said Wednesday they were prepared to move “as soon as possible” on a trade deal after Britain’s planned withdrawal from the European Union on Oct. 31.
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World Stocks Sink as Trade War Worsens
Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing’s trade war with President Donald Trump will harm the global economy.
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Global Stocks Tumble on Tariff Moves as Chinese Yuan Sinks
World stock markets plunged Monday after the Chinese yuan fell sharply in what analysts said was Beijing’s riposte to U.S. President Donald Trump vowing to impose fresh tariffs on Chinese goods in the latest trade war flare-up.
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Trump Confirms Deal With EU on American Beef Exports
President Donald Trump on Friday announced an agreement with Brussels on trade in American beef, long blocked from EU markets over concerns about use of hormones.
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