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October 22, 2019

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Reuters - Business

Bank of Canada rate cut bets sink as investors eye post-election spending

ReutersOctober 22, 2019October 22, 2019

by ReutersOctober 22, 2019October 22, 201902

TORONTO (Reuters) – Investors are ditching bets that the Bank of Canada will cut interest rates over the coming months as the domestic economy shows resilience and the federal election result adds to prospects of growth-boosting fiscal spending next year. FILE PHOTO: A sign is pictured outside the Bank of...

Top analyst Stephen Tusa, who called GE’s decline, has a favorite stock in the industrial space

CNBCOctober 22, 2019October 22, 2019

by CNBCOctober 22, 2019October 22, 201901

The top industrials analyst on Wall Street said on CNBC’s “Halftime Report” that he likes United Technologies’ upside from here. Source link: Click here for more

Stocks making the biggest moves premarket: Biogen, Under Armour, P&G, Hasbro & more

CNBCOctober 22, 2019October 22, 2019

by CNBCOctober 22, 2019October 22, 201900

Names on the move ahead of the open. Source link: Click here for more

Chinese vice foreign minister says progress made in trade talks with US

CNBCOctober 22, 2019October 22, 2019

by CNBCOctober 22, 2019October 22, 201903

The two countries have been working to resolve their trade dispute, with the United States announcing a “phase 1” deal with China on trade matters and suspending a scheduled tariff hike for October. Source link: Click here for more

Negative rates have consequences we don’t fully understand, Jamie Dimon says

CNBCOctober 21, 2019October 22, 2019

by CNBCOctober 21, 2019October 22, 201900

An increasing number of business executives and economists have spoken up against adopting a negative interest rates policy for long. Source link: Click here for more

Trump fumes about ‘phony Emoluments Clause’ amid scrapped plan to host G7 at his resort

CNBCOctober 21, 2019October 21, 2019

by CNBCOctober 21, 2019October 21, 201900

Trump also suggested without evidence that his predecessor, Barack Obama, may have been securing business deals while in office. Source link: Click here for more

Democrats’ wealth tax plans should give Wall Street ‘lots to worry about’

CNBCOctober 21, 2019October 21, 2019

by CNBCOctober 21, 2019October 21, 201900

Between Sanders’ “tax and destroy” plan and Warren’s rosy revenues estimates, there’s much to worry about, Bernstein’s economist writes. Source link: Click here for more

Tornado ravages north Dallas, leaving thousands without power

CNBCOctober 21, 2019October 21, 2019

by CNBCOctober 21, 2019October 21, 201902

A tornado plowed through parts of northern Dallas late on Sunday, knocking out power to more than 175,000 homes and businesses and delaying flights at regional airports, officials said. The storm left a miles-long swath of destruction through Dallas. Source link: Click here for more

China tariff deal was easy compared to the EU’s bazooka-proof trade walls

CNBCOctober 21, 2019October 21, 2019

by CNBCOctober 21, 2019October 21, 201902

The German trade surplus is stifling the economic growth in the rest of Europe, Michael Ivanovitch writes. Source link: Click here for more

China’s economic growth could fall below 6% in 2020, says the IMF

CNBCOctober 20, 2019October 20, 2019

by CNBCOctober 20, 2019October 20, 201903

The fund, in its World Economic Outlook report, said the Chinese economy could grow at 5.8% next year — slower than the 6.1% forecast for 2019. Source link: Click here for more

Deal-making in Asia is set to slow until 2020 amid trade tensions and recession fears

CNBCOctober 20, 2019October 20, 2019

by CNBCOctober 20, 2019October 20, 201903

Mergers and acquisitions activity in Asia Pacific could decline by 18% in 2019 to $634 billion amid global uncertainties, a joint report by Baker McKenzie and Oxford Economics predicts. Source link: Click here for more

Reuters - Business

Japan’s extended exports slump could push BOJ to ease next week

ReutersOctober 20, 2019October 20, 2019

by ReutersOctober 20, 2019October 20, 201903

TOKYO (Reuters) – Japan’s exports contracted for a 10th straight month in September, adding to speculation the central bank could ease monetary policy as soon as next week to support an economy hit by a slowdown in global demand. FILE PHOTO: A man in a bicycle drives past containers at...

China unexpectedly keeps benchmark lending rate unchanged in October

CNBCOctober 20, 2019October 20, 2019

by CNBCOctober 20, 2019October 20, 201901

The one- and five-year Loan Prime Rates for October remained at 4.20% and 4.85%, respectively — unchanged from September. Source link: Click here for more

Reuters - Business

Japan’s September exports slip for 10th month, builds pressure on BOJ to ease next week

ReutersOctober 20, 2019October 20, 2019

by ReutersOctober 20, 2019October 20, 201903

TOKYO (Reuters) – Japan’s exports contracted for a 10th straight month in September, raising speculation the central bank could ease monetary policy as soon as next week to counter heightening overseas risks and a slowdown in demand. FILE PHOTO: A man in a bicycle drives past containers at an industrial...

The yield curve recession indicator is righting itself, but that doesn’t mean we’re in the clear

CNBCOctober 19, 2019October 19, 2019

by CNBCOctober 19, 2019October 19, 201906

The frightful bond-market inversion is over for now. But you may want to hold off on the Dom Perignon and party hats. Source link: Click here for more

Opioid epidemic cost U.S. more than $600 billion over 4 years

CBS NewsOctober 18, 2019October 18, 2019

by CBS NewsOctober 18, 2019October 18, 201902

The opioid epidemic, which has taken hundreds of thousands of lives in the U.S., has also taken a massive toll on the economy, according to a new report released ahead of a landmark trial against drugmakers set to begin Monday. The total economic cost of the crisis, declared a federal...

Bank lending slowed in third quarter, heightening recession fears

CBS NewsOctober 18, 2019October 18, 2019

by CBS NewsOctober 18, 2019October 18, 201901

The nation’s four largest banks reported their quarterly earnings this week, which were generally better than expected. But lending by the big banks was down, providing another sign that economic activity in the U.S. is slowing. The drop in lending comes as the Federal Reserve has been lowering interest rates...

One-time bond king Bill Gross is back, and now he’s picking stocks

CNBCOctober 18, 2019October 19, 2019

by CNBCOctober 18, 2019October 19, 201901

Gross offered a buffet of investing choices: Annaly Capital, Invesco and Allergan to name three. Source link: Click here for more

Five states, including some crucial to Trump, just hit all-time low unemployment rates

CNBCOctober 18, 2019October 19, 2019

by CNBCOctober 18, 2019October 19, 201901

Alabama, California, Illinois, New Jersey and South Carolina set news bottoms according to data that goes back to 1976. Source link: Click here for more

Stocks making the biggest moves premarket: American Express, Coca-Cola, E*Trade & more

CNBCOctober 18, 2019October 18, 2019

by CNBCOctober 18, 2019October 18, 201908

Names on the move ahead of the open. Source link: Click here for more

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