Economic News

Wilbur Ross Touts Anti-China ‘Poison Pill‘ for New Trade Deals

Wilbur Ross Touts Anti-China ‘Poison Pill‘ for New Trade Deals

U.S. Commerce Secretary Wilbur Ross hinted that the Trump administration may flex its muscle with additional trading partners in order to exert pressure on China to open its markets. Ross said that a "poison pill" provision in the recently completed pact with Canada and Mexico could be replicated. Ross said in an interview that the provision was "another move to […]

Barron‘s: 8 Restaurant Stocks Ready to Rally

Barron‘s: 8 Restaurant Stocks Ready to Rally

Shares of big fast-food chains look like they are long overdue for a mouth-watering rally. Keybanc Capital Markets’ Eric Gonzalez there are eight stocks investors should watch: McDonald’s(MCD) Starbucks (SBUX) Restaurant Brands International (QSR) Chipotle Mexican Grill (CMG) Yum Brands (YUM) Bojangles (BOJA) Dunkin’ Brands Group (DNKN) Wendy’s (WEN) Gonzalez initiated coverage on the eight fast-food companies Thursday, writing that […]

Most US Stock Owners Expect Continued Gains in Year Ahead

Most US Stock Owners Expect Continued Gains in Year Ahead

Most U.S. consumers who own stocks expect continued gains in share prices in the year ahead, a University of Michigan survey showed Friday. Among those who own shares, 62.3 percent said they see shares extending gains during the year ahead, up from 61 percent in the second quarter and near the peak of 63.5 percent in the first three months […]

WSJ: Trump Forging New Model on Trade

WSJ: Trump Forging New Model on Trade

The administration is pushing for trade talks with other nations and plans to use its new agreement with Canada and Mexico as a blueprint for the future negotiations, is reporting. The U.S. is looking to redefine the rules on issues ranging from foreign exchange to how U.S. trade partners conduct business with China, the newspaper said. As Trade Representative Robert […]

David Einhorn Dumps Apple Stock, Says Tesla Resembles Lehman

David Einhorn Dumps Apple Stock, Says Tesla Resembles Lehman

Hedge fund manager David Einhorn lambasted Tesla Inc. and its “despondent” Chief Executive Elon Musk on Friday, comparing the electric car company to Lehman Brothers Holdings Inc., where he had flagged accounting problems several months before its 2008 collapse. Greenlight said it also sold its last Apple Inc. (AAPL) shares in August at $228 per share, eight years after buying […]

Report: US Facing Devastating Financial Retirement Crisis

Report: US Facing Devastating Financial Retirement Crisis

A new report claims there is a widening gap between people who are financially prepared for retirement and people who are not. cited figures that show a rising number of retirees do not have enough money saved up to keep their standard of living when their careers are over. Fifty-four percent of households that earn between $48,000 and $95,000 annually […]

Atlanta Fed Keeps GDP Growth Estimate at 4.1 Percent

Atlanta Fed Keeps GDP Growth Estimate at 4.1 Percent

The U.S. economy is expanding at a 4.1 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday, following the release of the latest payrolls and trade data. That was unchanged from the pace calculated on Monday by the Atlanta Fed’s forecast program. is Wednesday, October 10. Nonfarm payrolls increased less than expected […]