(IHS Markit) The US manufacturing PMI was 63.4 in July, an increase from 62.1 in June, the strongest outlook in 14-year history. Demand signaled by new orders rose in July…
(CNBC) China’s securities regulator has told brokerages it will still allow domestic companies to list in the US as long as they satisfy certain requirements. The move by the securities…
(SCMP) The US Treasury secretary, Janet Yellen, is concerned that the US-China Trade agreement did not address key trade issues. The trade secretary doubts whether the deal signed during the…
(Bloomberg) Prospects of Turkey resolving differences with the US following the purchase of Russian missiles boosted lira by as much as 1.7%. Turkish Defense Minister Hulusi Akar said that Turkey…
(WSJ) G-7 countries are backing U.S calls for rules taxing multinational companies at a 15% minimum corporate rate. The agreement by G7 ends stalemate between the U.S and the large…
The US Treasury has postponed restrictions on trading in Chinese companies with links to the military from May 27 to June 11, according to CNBC. The decision grants a grace…
The Dow Jones Industrial Average had its worst day since February as fears of inflation continued. The index declined for the second consecutive day, shedding 478 points. These losses are…
U.S banks have sailed the coronavirus pandemic well, according to the Federal Reserve press release. Bank and broker dealers have maintained low leverage, as life insurance companies and hedge funds…
US mortgage rates for a 30-year loan fell to 2.96% from 2.98% last week, the lowest level since February 18. The drop to 2.96% was the fourth in five weeks.…
Celebrity investor Kevin O’Leary called for ‘extremely aggressive’ steps to level the economic playing field between the U.S and China, according to CNBC. O’Leary says Washington should make Chinese entities…
The United States' real gross domestic product (GDP) was revised higher to 4.3% in the fourth quarter of 2020, according to the third estimate of the Bureau of Economic Analysis.The…
U.S-China talks got off to a rough start in Anchorage, Alaska, on Thursday as both sides reprimanded each other, according to CNBC. The meeting, initially meant to be a four-minute…