Manufacturers on pace for most bullish year ever amid lower taxes and deregulation
A combination of lower corporate taxes and slashing of regulations by the Trump administration has manufacturers on pace for their most optimistic year on record, according to the latest National Association of Manufacturers survey.
Booming US economy may soon be the ‘strongest since 1999’, Kevin Warsh says
President Trump’s corporate tax cut and his business deregulation efforts are not a “sugar high,” says ex-Fed Gov. Kevin Warsh.
US weekly jobless claims drop to a near 49-year low
The jobless claims data pointed to sustained labor market strength, which should continue to underpin economic growth.
Factory orders post largest gain in 11 months
New orders for U.S.-made goods recorded their biggest increase in nearly a year in August, boosted by a surge in demand for aircraft, but signs of weakness in business spending on equipment suggested that the manufacturing sector could be slowing.
JP Morgan downgrades China stocks, predicts ‘full-blown trade war’ with US
J.P. Morgan is getting less optimistic about the trade conflict between the U.S. and China. The firm lowered its rating for Chinese equities to neutral from overweight, predicting the escalating trade war between the countries will affect the Asian country’s economy next year.
North American orders for semi-trucks surge in September
North American orders for Class 8 semi-trucks jumped 92 percent in September as trucking companies continued to struggle with tight capacity in a booming U.S. freight market, FTR, a company that tracks the industry, said on Wednesday.
Services sector grows at fastest pace ever in September
The U.S. services sector expanded last month at its fastest pace on record, according to data released Wednesday by the Institute for Supply Management.
‘Rip-roaring hot’ jobs market sees private payrolls surge by 230,000, highest since February
Job growth surged in September to its highest level in seven months as the economy put up another show of strength, according to a report Wednesday from ADP and Moody’s Analytics.
Here are the key changes between the old NAFTA and the new one
The Trump administration’s new trade deal with Canada and Mexico leaves much of the old North American Free Trade Agreement intact. There are some key differences, however, particularly when it comes to the dairy and auto industries.
72-year-old Fidelity bets on the future with blockchain, virtual reality and AI
The financial services company is experimenting with blockchain, artificial intelligence and virtual reality and competing with Google, Facebook and Microsoft to recruit top talent from Silicon Valley.