by EFSD | Jun 30, 2018 | Economic News
A relentless six-week selling streak has sent the Shanghai composite down 13.9 percent so far this year to its lowest since 2016 and into a bear market. Escalation in trade tensions with the U.S. spurred the latest sell-off, analysts said. But they also point to the...
by EFSD | Jun 28, 2018 | Economic News
The Bank of England says the UK has made positive “progress” on handling financial services risks around the UK’s departure from the European Union. But it also says there has been a lack of similar action from the EU. It says that means...
by EFSD | Jun 27, 2018 | Economic News
Consumer confidence fell to 126.4 in June. Although sentiment toward current business conditions was unchanged, the long-term outlook was not optimistic. Consumer confidence fell well below economists’ expectations in June, fueled by a bleak outlook for U.S....
by EFSD | Jun 25, 2018 | Economic News
Some economists worry that the escalation of trade tensions could tip the U.S. economy into recession. A pullback would come just as GDP appears set to pull out of its post-financial crisis malaise, with the Federal Reserve projecting growth of 2.8 percent this year....
by EFSD | Jun 23, 2018 | Economic News
CFOs say they have put their tax cut savings to work in a variety of ways, from debt reduction to employee rewards and stock buybacks, according to the latest CNBC quarterly survey. Paying down corporate debt was the No. 1 use for tax cut savings, tied with one-time...
