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February 19, 2020

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Economy

CNBC Business

Rates likely to stand pat

CNBC
by CNBC00
CNBC – For more and to sign up click here Federal Reserve officials expressed confidence at their most recent meeting about the state of the U.S. economy and figured interest rates likely would remain unchanged for a while, according to minutes released Wednesday. That comes even as financial markets are......
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CNBC - Real Estate

Abu Dhabi makes pitch to private sector in multi-billion dollar investment drive

CNBC Real Estate
by CNBC Real Estate04
Abu Dhabi city skyline, United Arab Emirates. kasto80 | iStock | Getty Images The Abu Dhabi Government is turning to the private sector for the next phase of its multi-year, 50 billion dirham ($13.6 billion) economic stimulus plan known as Ghadan 21. The stimulus package is aimed at future-proofing and......
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Reuters - Business

U.S. housing starts drop; building permits near 13-year high

Reuters
by Reuters04
WASHINGTON (Reuters) – U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength that could help keep the longest economic expansion in history on track. A new apartment building housing construction site is seen in Los Angeles, California,......
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CNBC Business

5 things to know before the stock market opens February 19, 2020

CNBC
by CNBC04
CNBC – For more and to sign up click here 1. Dow futures rise, indicating rebound from 165-point drop A trader wearing 2020-themed glasses works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Tuesday, Dec. 31, 2019. Michael Nagle | Bloomberg | Getty......
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CNBC Business

It’s never been this hard for companies to find qualified workers

CNBC
by CNBC03
CNBC – For more and to sign up click here Job seekers line up to meet with recruiters during the Job Hunters Boot Camp in San Mateo, California. Getty Images The gap between open jobs and unemployed workers is about as wide as the one between the kinds of available......
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CNBC Business

Weekly mortgage applications take a hit as mortgage rates tick up

CNBC
by CNBC04
CNBC – For more and to sign up click here A real estate agent with prospective buyers looking at the back yard from the kitchen during a showing. Joe Amon | Denver Post | Getty Images The refinance boom took a step back last week, bringing down total mortgage applications.......
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CNBC Business

Apple, Legg Mason, Virgin Galactic, Tesla

CNBC
by CNBC03
CNBC – For more and to sign up click here Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Richard Branson Virgin Galactic IPO NYSE Check out the companies making headlines in......
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CNBC Business

Morgan Stanley raises its ‘bull case’ on Tesla to $1,200

CNBC
by CNBC04
CNBC – For more and to sign up click here Elon Musk, co-founder and chief executive officer of Tesla  Yuriko Nakao | Bloomberg | Getty Images Morgan Stanley raised its “bull case” scenario for Tesla shares to $1,200 a share from $650 a share. Tesla shares have more than tripled......
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CNBC Business

Atomico raises $820 million fund to back European start-ups

CNBC
by CNBC05
CNBC – For more and to sign up click here The partners of European venture capital firm Atomico. Atomico Atomico, the venture capital firm founded by Skype co-founder Niklas Zennstrom, has raised $820 million for a new fund — the biggest since it was set up by the billionaire in......
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Reuters - Business

Recession risk forces BOJ to row back on inflation goal

Reuters
by Reuters05
TOKYO (Reuters) – The widening economic fallout from the coronavirus outbreak and soft consumption are forcing the Bank of Japan to message more strongly that it is no longer inclined to chase its elusive 2% inflation target, sources familiar with its thinking say. A man wearing a protective face mask......
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CNBC Business

Best places for East Asian expats living abroad

CNBC
by CNBC06
CNBC – For more and to sign up click here Southeast Asia’s economic epicenter, Singapore, has once again been ranked as the best place in the world for East Asian expatriates living abroad. Impressive infrastructure, access to amenities, low crime rates and a large international community helped the city-state cinch......
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CNBC Business

Coronavirus could impact 5 million companies worldwide, research shows

CNBC
by CNBC01
CNBC – For more and to sign up click here People wearing protective face masks queue to order food from a stall in Shanghai on February 14, 2020. Noel Celis | AFP | Getty Images The new coronavirus outbreak and subsequent shutdown of huge swathes of China could impact more......
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CNBC - Real Estate

Tesla ordered by German court to halt work on European Gigafactory

CNBC Real Estate
by CNBC Real Estate010
The freight traffic center in the Gruenheide region east of Berlin. Tesla plans to build its new European Gigafactory in a huge forest nearby. Patrick Pleul | picture alliance via Getty Images Tesla has been ordered by a German court to temporarily halt preparations for its new European factory. Environmental......
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Reuters - Business

Japan on brink of recession as economy contracts, virus heightens risk

Reuters
by Reuters013
TOKYO (Reuters) – Japan’s economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China’s coronavirus outbreak chills global activity. Analysts say the widening fallout from the epidemic, which......
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Reuters - Business

BOJ’s Kuroda flags more easing if virus impact worsens: Sankei

Reuters
by Reuters011
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said the central bank would consider additional rapid easing if the coronavirus outbreak significantly threatened Japan’s economy and price......
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Reuters - Business

Japan’s recession risks grow as economy skids in fourth-quarter, virus clouds outlook

Reuters
by Reuters03
TOKYO (Reuters) – Japan’s economy shrank at the fastest pace in almost six years in the December quarter as last year’s sales tax hike hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks. FILE PHOTO: Newly manufactured cars of the automobile maker Subaru await......
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CNBC Business

German economic policy’s heavy cost on Europe and the US — Commentary

CNBC
by CNBC02
CNBC – For more and to sign up click here Germany’s Chancellor Angela Merkel gestures as she addresses media representatives after a European Union (EU) summit. JOHN THYS | AFP | Getty Images Germany accounts for nearly one-third of the euro area economy, and its bilateral goods trade with Europe......
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CNBC Business

How Google and Airbnb inspired a small Minnesota manufacturing company

CNBC
by CNBC04
CNBC – For more and to sign up click here Unemployment in the U.S. is near record low levels. In September 2019, the unemployment rate dipped to 3.5%, a 50-year low, and it’s been hovering around that in the months since. In this tight labor market, with more jobs available......
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CNBC Business

As the job market remains strong, older workers are sticking around

CNBC
by CNBC03
CNBC – For more and to sign up click here Bertram McKenzie works at Home Depot in Boston, Massachusetts. Melanie Stetson Freeman | The Christian Science Monitor | Getty Images The latest leg of the economic expansion has been fueled in part by older Americans, as increased employment among workers......
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CNBC Business

White House considering tax incentive for more Americans to buy stocks

CNBC
by CNBC04
CNBC – For more and to sign up click here WASHINGTON — As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions. The proposal,......
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