Domino’s CEO: The US consumer is ‘really strong’
Amid rising fears of a recession, Domino’s Pizza CEO Ritch Allison said Tuesday that the U.S. consumer is still strong.
A ‘recession dashboard’ from Credit Suisse indicates the economy is nowhere near a recession
Economic data looks nothing like that of a recession, according to Credit Suisse.
Consumers are America’s not so secret weapon to keep economy afloat, but they can’t save the world
With markets reeling from recession fears, the world is watching the resilient U.S. consumer, now in the strongest position since before the financial crisis — so far.
Growth forecasts are rising and the economy looks nowhere near as bad as the bond market predicts
By any number of measures, the U.S. economy is outshining the depressed picture the bond market has been painting of U.S. growth, and a big part of it is the resilient American consumer.
U.S. consumer spending strong; manufacturing struggling
The upbeat report from the Commerce Department on Thursday, however, will likely not change expectations that the Federal Reserve will cut interest rates again next month as news from the manufacturing sector remains dour, underscoring the darkening outlook for the economy against the backdrop of trade tensions and slowing growth overseas.
S&P 500, Dow gain as upbeat retail sales offset recession fears
The S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears amid the simmering U.S.-China trade tensions.
Janet Yellen says yield curve inversion may be false recession signal this time
Former Federal Reserve Chair Janet Yellen said the markets may be wrong this time in trusting the yield curve inversion as a recession indicator.
Consumers are America’s not so secret weapon to lift economy
With markets reeling from recession fears, the world is watching the resilient U.S. consumer, now in the strongest position since before the financial crisis — so far.
Goodbye China: Chinese manufacturers follow multinationals out the door
SHANGHAI — Chinese companies are following their foreign counterparts out of the country in search of alternative production bases to mitigate the impact of the prolonged trade war with the U.S.
China pledges not to devalue yuan exchange rate after US currency manipulator designation
China will neither devalue the yuan nor change the way it manages the Chinese currency exchange rate after the United States designated it as a currency manipulator last week, according to China’s foreign exchange administration chief.