The U.S. manufacturing sector "already appears in recession" and overa...
Timothy AeppelFed's Bullard says he wanted a deeper interest rate cut because the US manufacturing sector “already appears in recession” and overall economic growth is expected to slow "in the near horizon."
Tucked into Fed Chair Jerome Powell's news conference on Wednesday was a no...
Timothy AeppelTucked into Powell’s news conference was a not-so-subtle message for Trump: the economy is holding up because the U.S. central bank has acted to support it through a volatile patch, and whether that continues is now in the president’s lap.
Nearly two dozen U.S. lobbying groups have joined forces to try to rein in U.S. ...
Timothy Aeppel“Not since the 1930s has our country relied so heavily on tariffs in an attempt to pick winners in the U.S. market while overlooking the broader consequences for other industries and our economy as a whole.”
Tariffs paid increased 62 percent compared to previous year after tariff rates jump from 10 to 25 percent; American exports facing retaliation mark 13th straight month of decline WASHINGTON –…
Timothy AeppelNew data released today by Tariffs Hurt the Heartland, a coalition of more than 150 associations from every sector of the U.S. economy, shows that tariffs cost American business and consumers $6.8 billion in July, the highest monthly total in U.S. history.
American farmers helped elect President Donald Trump in 2016 on hopes he would shake up Washington and turn around a struggling agricultural economy, but many of his policies have actually stung farmers, notably his trade war with China and biofuel...
Timothy AeppelInstead of directing their anger at Trump, dozens of farmers interviewed by Reuters blasted the U.S. Department of Agriculture and other Washington institutions they believe are thwarting his true agenda.
Wilbur L. Ross Jr. made the threat after the agency’s Alabama office contradicted the president’s claim that Hurricane Dorian might hit the state.
Timothy AeppelWilbur Ross threatened to fire top employees at NOAA--a division of the Commerce Department--after the agency’s Birmingham office contradicted President Trump’s claim that Hurricane Dorian might hit Alabama.
Timothy AeppelA shrinking order book means Kuhn is cutting costs and slashing production as Petras and his managers peer out at a U.S. economy that looks far bleaker from the swing-state heartland than it does in either the White House or on Wall Street. bloomberg.com/news/features/… via @BW
The Trump administration wants to see "near term results" from U.S.-Ch...
Timothy Aeppel“We want to see results. We would like to see results in the near term. When we don’t see results, we take additional actions,” Kudlow said. “On the other hand, if we do see results from these upcoming meetings, then progress will be made.”
Daimler Trucks North America, Paccar, Volvo Trucks USA and Navistar International are logging sharply lower orders, as trade tensions and slower global growth depress freight volumes.
Timothy AeppelOrders for heavy-duty trucks from the four largest makers in North America—Daimler, Paccar, Volvo and Navistar—fell 80% in July from a year earlier, says market forecaster ACT Research. wsj.com/articles/truck… via @WSJ
The bitter trade war between China and the United States kept global factory act...
Timothy AeppelThe bitter trade war between China and the US kept global factory activity largely in decline in August, strengthening the case for policymakers to unleash fresh stimulus to fend off recession.