Financial News Network - Economic News

China said to call off high level trade talks with US as tariff war escalates

China has cancelled planned trade discussions with the U.S. amid rising tensions and new tariffs, The Wall Street Journal reported on Friday.

Read more: https://www.cnbc.com/2018/09/21/china-said-to-call-off-trade-talks-as-tariff-war-escalates-wsj.html

Blackstone president says US-China trade war will be resolved

Blackstone's Jonathan Gray believes China and the U.S. will eventually reach a trade deal.

Read more: https://www.cnbc.com/2018/09/21/blackstones-jonathan-gray.html

'The whole world economy' is at risk if US-China trade war gets much worse, SocGen chair

he financial markets are not paying enough attention to the escalating U.S.-China trade war, Societe Generale's Lorenzo Bini Smaghi says.

Read more: https://www.cnbc.com/2018/09/21/us-china-trade-war-puts-world-economy-at-risk-societe-generale-chairman-orenzo-bini-smaghi.html

The head of the world's biggest money manager says US stands to lose big long-term in the trade war

The U.S. is winning the trade war with China in the short term but stands to lose significantly over the long term, BlackRock CEO Larry Fink said Thursday.

Read more: https://www.cnbc.com/2018/09/20/blackrock-ceo-larry-fink-says-us-stands-to-lose-big-long-term-in-the-trade-war.html

Existing home sales unchanged in August

U.S. home sales flatlined in August but inventory increased for the first time in three years as the housing market continued to struggle despite strength across the broader economy.

Read more: https://www.cnbc.com/2018/09/20/existing-home-sales-unchanged-in-august.html

Jay Powell reportedly ramps up meetings with lawmakers as he seeks to protect Fed's independence

Fed Chairman Jerome Powell has reportedly been making the rounds on Capitol Hill amidst criticism from President Trump that could threaten the central bank's independence.

Read more: https://www.cnbc.com/2018/09/20/jay-powell-reportedly-ramps-up-meetings-with-lawmakers-as-he-seeks-to-protect-feds-independence.html

Billionaire Ken Langone: 'This economy is booming,' and Trump deserves a lot of credit for it

Trump's economic agenda is fueling a resurgence in the economy that cannot be denied, the co-founder of Home Depot says.

Read more: https://www.cnbc.com/2018/09/20/ken-langone-the-us-economy-is-booming-and-trump-deserves-credit.html

Jobless claims fall to the lowest in nearly 49 years

First-time claims for state unemployment benefits were expected to total 210,000 for the most recent week, following 204,00 claims filed in the previous week.

Read more: https://www.cnbc.com/2018/09/20/us-weekly-jobless-claims-sept-15-2018.html

Steel workers gear up for strike, potentially derailing Trump's steel resurgence

It would follows another strike by 16,000 U.S. Steel workers that was approved earlier this month, and together, they could hinder what President Trump calls a "thriving" industry in the U.S.

Read more: https://www.cnbc.com/2018/09/19/a-steel-worker-strike-has-potential-to-derail-trumps-steel-resurgence.html

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Economic News

China said to call off high level trade talks with US as tariff war escalates

Blackstone president says US-China trade war will be resolved

'The whole world economy' is at risk if US-China trade war gets much worse, SocGen chair

The head of the world's biggest money manager says US stands to lose big long-term in the trade war

Existing home sales unchanged in August

Jay Powell reportedly ramps up meetings with lawmakers as he seeks to protect Fed's independence

Billionaire Ken Langone: 'This economy is booming,' and Trump deserves a lot of credit for it

Jobless claims fall to the lowest in nearly 49 years

Steel workers gear up for strike, potentially derailing Trump's steel resurgence

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