WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President…
Tag: U.S. Economy
10-year Treasury yield inches higher as investors weigh likelihood of U.S. interest rate cut
The U.S. 10-year Treasury inched up on Tuesday as investors monitored fresh economic data after the…
How China became the leading car supplier to Mexico and what it means for the U.S.
Blocked from the U.S. by tariffs, Chinese electric vehicle makers have looked elsewhere to sell their…
Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising…
Trump, Harris inflation arguments are questionable, Chicago Fed president says
Austan Goolsbee speaking at Jackson Hole on Aug. 8, 2023. David A. Grogan | CNBC Chicago…
Why pharmacy chains like Walgreens and CVS are shuttering locations
In its fiscal third-quarter earnings report to investors in late June, pharmacy chain Walgreens announced plans…
The end of the ‘carry trade’? How Japan’s yen could be ripping through U.S. stocks
A man walks past an electronic quotation board displaying the exchange rate for the Japanese yen…
The Federal Reserve sets the stage for a rate cut — here’s what that means for your money
Customer shopping for school supplies with employee restocking shelves, Target store, Queens, New York. Lindsey Nicholson…
Democrats rally behind Kamala Harris; raises $50 million after Biden exits race
Germany’s chancellor views Harris as ‘experienced and competent,’ spokesperson says German Chancellor Olaf Scholz views U.S.…
‘Why would you tinker with it if it’s not broken?’: Economist on why the Fed may not cut rates in September
Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs…
‘Make or break week:’ Stifel sees 40% chance of President Biden dropping out of the race
There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner,…