Financial News
Financial News for the Week of December 13, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. and China reached a partial trade deal. The U.S. will reduce tariffs from 15% to 7.5% on $120 billion of Chinese imports and cancel the tariffs that were to be imposed on December 15th. In exchange,…
Financial News for the Week of December 6, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A Trade tensions reemerged this week. President Trump suggested that the U.S.-China deal could wait until after the election, announced steel and aluminum tariffs on Brazil and Argentina, and threatened to…
Financial News for the Week of November 29, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A quiet, holiday-shortened week featured data that painted a picture of an economy that has slowed, but not stalled. Revisions to Q2 GDP did little to change the picture of the economy. Durable goods orders…
Financial News for the Week of November 22, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Stocks were volatile this week amid signs that U.S.-China trade talks may be stalling. Cautious optimism briefly returned on Friday on news that the Chinese president was calling for the two sides to…
Financial News for the Week of November 15, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK U.S. data this week showcased the contrasting feature of the U.S. economy: a resilient U.S. consumer but a struggling manufacturing sector. Negotiations on a phase one trade deal between the U.S. and China took…
Financial News for the Week of November 8, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK It was a relatively quiet week for economic data. The trade deficit narrowed a bit in September, but new tariffs appear to have weighed on both exports and imports. The ISM non-manufacturing index followed its…
Financial News for the Week of November 1, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK U.S. economic activity decelerated in the third quarter to a 1.9% annual pace from 2% in the second quarter, with consumer spending doing much of the heavy lifting. The Federal Reserve implemented its third,…
Financial News for the Week of October 18, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The economic data was subdued this week. Retail sales fell 0.3% in September, ending their six month growth streak. Industrial production also fell. Multifamily starts took a step back, but single-family starts…
Financial News for the Week of October 11, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK CPI report - the only key data release this week - confirmed that inflation remained tame in September. Both headline and core inflation registered a muted 0.1% increase on the month, leaving the readings flat…
Financial News for the Week of October 4, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK October began on a sour note. A deepening contraction in the manufacturing ISM confirmed that the global manufacturing slump has washed up on American shores, and the sectoral weakness may be spreading into…