For Post-Brexit Britain, Now the Hard Work Starts
Britain faces what could be 11 months of "hellish negotiations" as it tries to redefine its relationship with the EU.
China GDP Growth Rate Slows to 6.1% in 2019
China's economy is "under pressure from weak consumer spending, rising unemployment and problems in the financial system."
U.S. Factory Activity Drops for 4th Straight Month
“There is nothing to point to in [the November factory activity] report that signals a bottom in domestic manufacturing."
U.S. Adds Chinese Startups to Trade Blacklist
Ahead of this week's trade talks between the two countries, the timing of the U.S. action "is going to be awkward for the Chinese."
Weekly Jobless Claims Rise Slightly to 219,000
The data suggest “the labor market remains strong even as employers are becoming more cautious about hiring workers.”
U.S. Manufacturing Slumps for 2nd Straight Month
“We have now tariffed our way into a manufacturing recession in the U.S. and globally,” a chief investment officer said.
Fed to Cut Rates Again This Year, S&P Predicts
Another cut in December is "contingent upon an escalation in trade tensions, further weakness in global growth, and increased geopolitical tensions."
SAP Software Sales Dip in Asia Amid Trade Feud
"Trade-related uncertainty in Asia impacted our software revenue performance in the region," CFO Luka Mucic says.
China Posts Lowest Economic Growth in 27 Years
The country’s economy experienced a significant slowdown as it faces trade tensions with the United States.
U.S. Blacklists Huawei Amid Escalating Trade Dispute With China
Huawei and 70 affiliates were placed on the U.S. trade blacklist.
Execs’ Optimism About Economy Drops to 34%
Trade tensions and the China slowdown "have contributed to a sense of uncertainty and pessimism about the global economy," AICPA says.