ECONOMIC NEWS

Canada Goose (GOOS) – The outerwear maker reported better-than-expected profit and revenue for its fiscal third quarter, but also said the coronavirus outbreak is having a “material negative impact” during the current quarter. The company did add that no supply chain...

Mary Daly said she did not think the coronavirus outbreak would do anything “material” to the U.S. economyThe Fed cut its benchmark interest rate three times last year. The next meeting of the Federal Open Market Committee is March 17 and 18. San Francisco Fed...

Tesla shares closed up nearly 20% on Monday at a record high $780.00 a share.The company’s market cap is now more than $140 billion, nearly triple that of General Motors.Tesla reported revenue last week of $24.6 billion in 2019 Billionaire investor Ron Baron...

The Bank of England has held interest rates at 0.75% amid early signs of a pick-up in the UK and global economies. In Mark Carney's final interest rate meeting as governor, the Bank's Monetary Policy Committee (MPC) voted 7-2 to keep rates unchanged. Recent weak...

With stocks tumbling and the coronavirus spreading, traders are pricing in a better than 50% of two rate cuts this year.Fed officials have indicated they are on hold, though Chairman Jerome Powell said he is “carefully monitoring” the virus outbreak.“The Fed won’t...

Worries over the continued spread of the coronavirus have hit financial markets, with stocks from Wall Street to Tokyo declining. The three main US indexes closed down more than 1.5%, while London's FTSE 100 index ended almost 2.3% lower. Firms with significant sales...

U.S. manufacturing output rose unexpectedly in December as a drop in motor vehicle output was outpaced by increases in production of other durable goods, food and beverages, and other products.Manufacturing production rose 0.2% last month after a downwardly revised...

At 3:30 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8195%, while the yield on the 30-year Treasury bond was also higher at around 2.2972%.Market focus is largely attuned to geopolitical developments, as...

President Donald Trump's approach to international trade is driven to a large extent by his belief that the United States is being unfairly treated by other countries. His main supporting evidence is the trade deficit - the US buys more than it sells internationally....

Experts believe that geopolitical turbulence is only going to get worse this year, particularly in the run up to the U.S. election.U.S. society is more polarized than ever, experts warn.2019 was characterized by geopolitical upheavals around the world. The year 2020...

The S&P 500 and Nasdaq both trade in record territory in the past week, and the Dow could be just days away from its own new high.The Dow’s record high is 27,398, and it was trading within a half percent of its high.Earnings results have been adequate enough to...

Europe’s largest lender HSBC reported third-quarter pre-tax profits that fell from a year ago, despite strength in its Asia operations.The bank said its before-tax profit in Asia climbed 4% from last year, noting a “resilient performance in Hong Kong.”Though the bank...