U.S. new home sales hit seven-month high; services sector rebounds
Sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower, pointing to continued weakness in the housing market.
China to slash taxes, boost lending to prop up slowing economy
China sought to shore up its slowing economy through billions of dollars in planned tax cuts and infrastructure spending, with economic growth at its weakest in almost 30 years due to softer domestic demand and a trade war with the United States.
Recession in 2019? Carlyle Group’s co-CEO says there’s enough momentum to avoid one
There will not be a recession this year despite a slowdown in economic activity worldwide, a top executive at Carlyle Group told CNBC Wednesday.
Fourth-quarter GDP increases 2.6%, better than expected
U.S. economic growth was better than expected as 2018 came to a close, with GDP rising 2.6 percent, according to a first estimate the Commerce Department released Thursday.
Trump raises hopes of trade deal on final day of U.S.-China talks
U.S. President Donald Trump on Sunday raised hopes that the United States and China would settle their trade dispute ahead of a March 1 deadline as negotiators met to wrap up the latest round of talks.
Credit Suisse, Goldman Downplay Market Risks From Earnings Slump
Strategists at two of Wall Street’s biggest firms are downplaying the risks posed by a looming earnings recession for corporate America, saying weakness among megacaps is masking broad-based profit growth.
Europe Looks Like the Real Weak Link in the Global Economy
For all the palpitations that the trade war between the U.S. and China will knock out their economies, it is Europe that increasingly looks like the biggest threat to global growth.
Fed Officials’ Views on the Economy Have Converged: It’s in a Good Place
Federal Reserve officials are getting their stories straight on the U.S. economy.
Goldman sees oil rising toward $70 on resilient demand
Oil prices have struggled to rally above $64 a barrel since last quarter’s sharp pullback, but Goldman Sachs believes crude futures could break out in the coming months.
That $22 trillion national debt number is huge, but here’s what it really means
National debt for the first time passed $22 trillion this week — a big, scary number that really doesn’t pose much of a threat now but threatens to in the future.