Brendan McDermid/Reuters Stocks staged a recovery early on Friday following tame inflation data. The Dow Jones industrial average fell more than a thousand points between Tuesday and Thursday. Watch US indexes trade in real time here. Following the worst couple of days on Wall Street since February, stocks staged a recovery on Friday amid signs…
Apple was worth more than $1 trillion at the start of November. Now, it’s valued at $880 billion. The mighty tech titans and their seemingly endless pipeline of profits, which powered one of the longest bull markets in stocks, are looking a little less invincible. Shares of Apple and Google’s parent company, Alphabet, are down…
Sen. Bernie Sanders' bill meant to go after Amazon and other large companies remains stuck in congressional limbo. The bill has not been brought up in any committee or received any hearing. But Amazon's announcement Tuesday that the company would increase its minimum wage for all workers to $15 an hour means Sanders has already…
The US and Canada on Sunday sealed the deal on a new trade agreement that, along with an earlier US-Mexico agreement, opens to door to a rewrite of the North American Free Trade Agreement. The new deal, dubbed the US-Mexico-Canada Agreement, is expected to be signed by the leaders of the three member countries —…
“THE DECLINE of the birth rate and the ageing of Japanese society is accelerating at unprecedented speed,” warns Shinzo Abe, Japan’s prime minister. Given the scale of the problem, he told The Economist this week, the government must push for “impactful policies” to tackle it right away. He mentions a series of reforms, intended to…
BEFORE SETTING the budget each year, Britain’s chancellor of the exchequer is given a revised set of fiscal forecasts by the Office for Budget Responsibility (OBR), the official fiscal watchdog. In recent years the chancellor has looked through his fingers as he turned the pages: time and again since the financial crisis of 2008, Britain’s…
DEBT stalks Africa once again. Over the past six years sub-Saharan governments have issued $81bn in dollar bonds to investors hungry for yield. Piled on top of this are murkier syndicated loans and bilateral debts, many to China and tied to big construction projects. Public debt has climbed above 50% of GDP in half the…
WASHINGTON (Reuters) - The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth. In a statement that marked the end of the era of “accommodative” monetary policy, Fed policymakers lifted…
President Donald Trump ordered the US Trade Representative to impose a tariff on $200 billion worth of Chinese goods, catapulting the US-China trade war to the next level. "For months, we have urged China to change these unfair practices, and give fair and reciprocal treatment to American companies," Trump said in a statement. "We have…
Facebook's advertising platform is suffering from a major outage. The company's Ads Manager, its tool that lets users create advertisements on its social network, has crashed, leaving would-be advertisers unable to create new ad campaigns just days before Thanksgiving and crucial Black Friday sales. The outage is unusual in its duration; as of this writing,…
