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.
US consumer spending increased steadily in August
U.S. consumer spending increased steadily in August, while a measure of underlying inflation remained at the Federal Reserve’s 2 percent target for a fourth straight month.
Final reading on Q2 GDP confirms 4.2% gain, the fastest rise in nearly four years
The final reading on second-quarter gross domestic product was expected to show a rise of 4.2 percent, up from the 2.2 percent increase in the previous quarter.
Consumer confidence hits 138.4 in September, vs. 132 estimate
Consumer confidence hits 138.4 in September, vs. 132 estimate
Salesforce co-CEO Marc Benioff: The economy is ‘ripping’
Salesforce CEO Marc Benioff connects the company’s performance with the condition of the broader economy.