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Economy
Business leaders at China’s ‘Davos’ warn of damaging deadlock
Business leaders and officials in China say that Beijing is ready to dig in for a war of attrition with the United States on trade. The Trump administration launched its biggest barrage of tariffs yet just as top…
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Investors are starting to worry about the economy
Wall Street doesn't seem to care about the escalating trade war between the United States and China. The Dow jumped 175 points and the Nasdaq climbed 1% on Tuesday despite Washington and Beijing pushing ahead with another…
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Premier Li Keqiang says Beijing will never devalue yuan to boost exports
The trade war between China and the United States is intensifying, but Beijing has just taken one potential weapon off the table. Premier Li Keqiang told an audience of global executives and policymakers that China would…
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Executives in China worry about what comes next
Companies in the front line of the trade war between the United States and China are anxious about what comes next. Executives at a World Economic Forum event in the northern Chinese city of Tianjin have been digesting the…
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China strikes back by going after America’s energy companies
Eying China's voracious demand, Cheniere Energy, ExxonMobil (XOM) and other American energy companies are racing to build more than two dozen expensive facilities to export liquefied natural gas, which is super-cooled natural gas that…
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Dow sets first record high since January
What trade war? The Dow just soared to its first record high since late January. The milestone shows that Wall Street is mostly unfazed by the escalating trade clash between the United States and China. The Dow's…
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Businesses warn against even more uncertainty
Business is worried enough about Britain crashing out of the European Union. Now it has a new nightmare: a blind Brexit that could extend the uncertainty over trade for years. Fears are rising that the United Kingdom may…
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Corporate America, not banks, could cause the next recession
1. The next debt crisis: There's a $6.3 trillion elephant in the room. And it just might cause the next recession. The last downturn was triggered by Wall Street and Americans accumulating too much debt — particularly in…
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Rates are rising but investors still don’t fear the Fed or inflation
Bond yields in the United States have been rising. But investors aren't freaking out. The Dow and S&P 500 both hit all-time highs last week -- and the Nasdaq is not far from a record, either. The 10-Year Treasury…
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GE is worth less than $100 billion for the first time since the Great Recession
General Electric, once America's most valuable company, is now in sharp decline. In a year full of dubious landmarks, GE has encountered another: The storied conglomerate is now worth less than $100 billion. That hasn't…
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