• EY CEO Says “Tit For Tat” Trade War With China Will Hurt Global Growth

    4 monthes ago - By Fortune

    Trade tensions, immigration issues, rising interest rates. These are just a few of the troubling headlines in the news these days weighing on investors and business leaders. Mark Weinberger talks about these topics daily with his clients, CEOs of American and international companies, doing business in 150 countries around the globe. He is the Global Chairman and CEO of EY, one of the biggest accounting firms in the world.
    Speaking with Fortune , he says, "businesses are confident about the future", but they are trying to figure out how much trade disputes will escalate between the U.S. and...
    Read more ...

     

  • Soybean farmers are surviving Trump's trade war - even without his $12 billion aid package

    4 monthes ago - By Washington Post

    Strong demand, forward contracts and existing government programs have insulated growers from the tariff's immediate impact.
    Read more ...

     

  • Oil jumps as war of words between US and Iran leaves traders on edge

    Oil jumps as war of words between US and Iran leaves traders on edge

    4 monthes ago - By Business Insider

    Oil spiked more than 1.5% on Monday.
    OPEC production hit its highest level of the year, but US-Iran relations are keeping traders on edge.
    Watch oil trade in real time here.
    Oil prices jumped Monday as markets weighed OPEC production hitting its highest level this year against a war of words between the US and Iran.
    West Texas Intermediate rose 1.45% around 12:45 p.m. ET, climbing just above $70 a barrel for the first time in three weeks. Brent, the international benchmark, was up 1.55% to $75.52.
    Reuters reported Monday that OPEC countries pumped 32.64 million barrels per day in July...
    Read more ...

     

  • Fed is set to leave rates alone as trade war raises anxiety

    4 monthes ago - By Chron

    WASHINGTON - The Federal Reserve will meet this week to assess an economy that has just enjoyed a healthy spurt of growth but faces a flurry of trade fights pushed by President Donald Trump that could imperil that growth over time.
    If those concerns weren't enough, Trump has openly expressed his displeasure at the Fed's interest rate increases - something no president has done publicly in more than two decades.
    No one expects the Fed to announce a rate increase when its latest policy meeting ends Wednesday. But the central bank is widely expected to set the stage for tightening credit...
    Read more ...

     

  • Full-scale bailout for industries impacted by tariffs would cost $39 billion, Chamber of Commerce says

    4 monthes ago - By CNBC

    Spreading a bailout across all industries affected by the ongoing trade war would cost taxpayers $39 billion, according to a U.S. Chamber of Commerce analysis.
    Read more ...

     

  • Are Trade Wars Spiraling Into A Currency War?

    4 monthes ago - By Forbes

    This wouldn't be the first time a trade war has morphed into a currency war. But pitting currencies against each other is a dangerous tactic that has historically reduced aggregate trade and growth.
    Read more ...