Home Tags US Economy and Markets

Tag: US Economy and Markets

Here’s why China won’t overtake the US as the largest economy anytime soon

"The widespread assumption that China will overtake the US as the world's largest economy is likely to be proved wrong," says Capital Economics.

Bad news for Trump — 60% of Americans say the surging stock market doesn’t affect them

Only 40% of respondents in the Financial Times poll said that the stock market had gone up this year. The S&P 500 has soared about 26% in 2019.

Low recession risk, faster growth, and unemployment at a 70-year low — here are Goldman Sachs’ predictions for the US economy in 2020

The Wall Street titan said the presidential elections are "likely to be the single biggest event for financial markets in 2020."

These 4 Goldman Sachs charts show how hard Trump’s trade war is hitting the US and China

Goldman Sachs says the trade dispute is hitting China especially hard.

Trump’s tariffs will ‘scorch’ growth in 2020 and job losses are likely, says UBS

The Swiss bank expects GDP growth to average at 1.1% in 2020. "The trade war has had a greater effect on the economy than we had expected," it said.
President Donald Trump and China's President Xi Jinping arrive at a state dinner at the Great Hall of the People in Beijing, China, November 9, 2017.

China and the US agreed to roll back trade-war tariffs — or it may be ‘more of the same kind of pump we see almost daily’

"Top negotiators had serious, constructive discussions and agreed to remove the additional tariffs in phases," said Gao Feng, Chinese commerce ministry spokesperson.
US Commerce Secretary Wilbur Ross says that talks are "making good progress."

Global stocks surge on trade-war hopes after Wilbur Ross says talks are ‘making good progress’

The US commerce secretary said at a conference that the US and China were “very far along” in discussions about an initial trade deal, Bloomberg reported.
More Gen Z voters will be voting in 2020 than ever before.

Here are 3 reasons why America’s future ‘belongs to the left’

Inequality, looming demographic 'doom,' and 'sticky ideologies' are behind a massive shift leftward, says Macro Hive.

Chinese officials reportedly cast doubt on any long-term trade deal with Trump — and his impulsive nature is part of the problem

"Chinese officials have warned they won't budge on the thorniest issues," Bloomberg reported. And they're also worried "he may back out" of a deal.