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Wall Street sinks to one-month low on trade, growth fears
U.S. stocks tumbled to a one-month low on Friday after a sharp escalation in U.S.-China trade tensions and a tepid July jobs report renewed fears of slowing economic growth and raised bets of further interest rate cuts this year......»»
Stocks rally again on expected Fed rate cuts; euro on defensive
Asian stocks advanced on Thursday, tracking sharp gains on Wall Street as recent data from multiple sectors pointed to slowing economic growth in the United States, bolstering the prospect of rate cuts by the Federal Reserve......»»
IMF cuts growth outlook
The International Monetary Fund cut its global economic growth forecasts for 2019. As Fred Katayama reports, it blamed U.S.-China trade tensions and Britain's messy divorce from the E.U., among other things......»»
IMF cuts world growth forecast on tariff wars, emerging market strains
The International Monetary Fund has cut its global economic growth forecasts for 2018 and 2019, saying that the U.S-China trade war was taking a toll and emerging markets were struggling with tighter liquidity and capital outflows. David Pollard reports......»»
ECB Cuts Growth Forecasts as It Ends Bond-Buying Program
The European Central Bank cut its economic growth forecasts Thursday, highlighting the risks confronting Europe’s economy even as it ended its massive four-year stimulus program......»»
IMF cuts global growth outlook, cites trade war and weak Europe
The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy......»»
IMF fears trade war and weak Europe could trigger sharp global slowdown
The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy......»»
S&P 500 Due For "Classic 10% Correction," Wall Street Veteran Warns: Why They Expect Zero Rate Cuts In 2024
Wall Street veteran Ed Yardeni predicts a 10% market drop due to rising yields and strong economic growth, with no expected Fed rate cuts. read more.....»»
US tech stock futures slide as 10-year yield surges past 1.7% after Fed raises growth and inflation forecasts
US bond yields rose sharply in European trading after the Fed decision, dealing a fresh blow to tech stocks. Fed chair Jerome Powell said the central bank was not thinking of cutting back on economic support Mark Wilson/Getty Images The key U.....»»
A huge study of 50 years of tax cuts for the wealthy suggests "trickle down" economics makes inequality worse
Cutting taxes boosts incomes for the wealthy "but has little effect on economic performance,".....»»
Economic Report: U.S. industrial output growth slips in November, pulled lower by utilities
Industrial production rose 0.4% in November, weighed down by a sharp decline in utilities, the Federal Reserve reported Tuesday......»»
Coronavirus forces HSBC to cut global growth forecasts, again
Europe's biggest bank, HSBC has cut already bleak global growth forecasts even further, as lockdown restrictions extended through April and tentative economic re-openings drag on a return to business, trade and spending......»»
Big bounce in Wells Fargo’s stock helps financials snap losing streak
Financial stocks pulled a sharp V-like turn into positive territory Thursday, sparked by a big bounce in Wells Fargo & Co.’s stock off an 11-year low, as concerns over a more downbeat economic outlook and potential forced dividend cuts were put on hold......»»
Wall Street Week Ahead: Stocks face test as reopenings could fuel demand - or more coronavirus
A bounce in stocks is likely to face a test in the coming weeks as investors try to gauge whether countries and U.S. states emerging from lockdowns can arrest a sharp fall in economic growth without provoking a resurgence of coronavirus cases......»»
Economic Report: Three years of eurozone economic growth wiped away as ECB’s Lagarde forecasts big drop for the year
Three years of the eurozone economy have been wiped away, and it is likely going to get worse......»»
White House adviser sees "cash" phase of economic rescue winding down
With the U.S. economy poised for a sharp rebound, it is time for policy to move from a "cash" rescue phase to focus on more long-term measures that can underpin growth, a top White House adviser said on Wednesday......»»
Goldman cuts U.S. growth forecast for first and second quarter due to coronavirus
Goldman Sachs Group Inc has downgraded its U.S. growth forecast for the first and second quarters in the wake of the economic fallout from the coronavirus outbreak......»»
SEMI cuts fab equipment spending growth outlook for 2020
Global fab equipment spending promises to rebound from its 2019 downturn and see a modest recovery this year before a sharp uptick drives record investments in 2021, SEMI said in its recent report......»»
Oil drops on demand doubts, fears that producer output cuts not yet agreed
Oil slid 1% on Friday as worries about global oil demand and economic growth slowdown caused by the coronavirus outbreak were heightened by concern over non-OPEC crude producers not yet having agreed to cut output further to support prices......»»
China"s first-quarter economic hit from coronavirus looking more severe: Reuters poll
The coronavirus likely halved China's economic growth in the current quarter compared with the previous three months, more severe than thought just three weeks ago and triggering expectations for earlier interest rate cuts, a Reuters poll found......»»