Consumers support U.S. economy as business spending slumps
U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, further allaying financial market fears of a recession.
Goldman says there are three big stock buyers that will keep the rally going
The S&P 500 surged to a new all-time high on Monday, and Goldman Sachs says the bull market will keep on rolling into 2020 on the back of three big buyers: corporations, foreign investors and US households.
S&P 500 hits record as earnings reports signal a recession is nowhere near
The S&P 500 hit record high on Monday, up more than 20% year to date and completing a rebound from an August sell-off.
JP Morgan says the market is doing so well, it could hit the firm’s 2020 forecast this year
Positive signs on the U.S.-China trade talks prompted investors to dive into stocks again, and J.P. Morgan believes the rally is here to stay and the market could reach the bank’s 2020 target eight months early.
U.S. Companies Preparing for Long-Term ‘Confrontational Relationship’ With China
U.S. companies are preparing for tensions with China to extend far beyond the status of the continuing trade discussions, an executive for the U.S.-China Business Council said Monday.
Robert Shiller: Recession likely years away due to bullish Trump effect
Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market.
Homebuilder confidence surges to highest level in nearly two years, thanks to lower mortgage rates
U.S. homebuilders are loving today’s lower mortgage rates, which are bringing buyers back and boosting sales.
Google expands plans for its massive second headquarters in San Jose
A new proposal shows Google is expanding the scope of its massive planned headquarters in San Jose, California.
U.S. Consumer Sentiment Unexpectedly Rises to Three-Month High
Sentiment among American consumers posted a surprise jump in October amid expectations for rising incomes and lower inflation, indicating households will continue to extend the longest-running U.S. expansion.
China Hit by EU Tariffs as High as 66%
The European Union imposed tariffs as high as 66.4% on steel road wheels from China, targeting manufacturers such as Zhejiang Jingu Co. and Xingmin Intelligent Transportation Systems Co.