Headlines

Business & Economics :: Economics

Fed officials split in July over inflation worries

bostonherald.com

Fed officials split in July over inflation worries

- WASHINGTON — Federal Reserve policymakers were worried last month about inflation, but for two opposing reasons. One group of Federal Reserve policymakers felt inflation was falling too low and argued for caution in raising interest rates. Others expressed concerns that delaying further rate hikes could push inflation higher into dangerous territory. The policy debate was revealed in minutes released Wednesday of the Fed's July 25-26 meeting
Read More ...

Categories: Business | 
Tags: Economy |  Inflation |  Economics | 
Places: Americas |  North America |  United States | 

Trump disbands economic councils as Charlottesville fallout continues

tennessean.com

Trump disbands economic councils as Charlottesville fallout continues

- The fallout from President Trump's response to the Charlottesville tragedy escalated Wednesday as more prominent CEOs quit advising the White House on economic matters and Trump disbanded his manufacturing and business policy councils. "Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!," Trump. Campbell Soup CEO Denise Morrison and 3M CEO Inge Thulin Wednesday joined a growing list of American chief executives who are leaving the president's manufacturing job council, an advisory group the White House formed this year
Read More ...

Categories: Business | 
Places: North America |  United States |  South |  Southeast US |  Tennessee | 

Trump disbands economic councils as Charlottesville fallout continues

freep.com

Trump disbands economic councils as Charlottesville fallout continues

- The fallout from President Trump's response to the Charlottesville tragedy escalated Wednesday as more prominent CEOs quit advising the White House on economic matters and Trump disbanded his manufacturing and business policy councils. "Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!," Trump. Campbell Soup CEO Denise Morrison and 3M CEO Inge Thulin Wednesday joined a growing list of American chief executives who are leaving the president's manufacturing job council, an advisory group the White House formed this year
Read More ...

Categories: Business | 
Places: North America |  United States | 

Brazil softens budget deficit goals through 2020

reuters.com

Brazil softens budget deficit goals through 2020

- BRASILIA (Reuters) - Brazil's government loosened its budget targets for all years through 2020 on Tuesday, delaying prospects for a drop in the federal deficit after legislators repeatedly refused to raise taxes in the recession-hit economy. Cost-cutting measures were announced along with the new targets, in a bid to demonstrate President Michel Temer's commitment to fiscal discipline even after his economic team cut forecasts for economic growth next year
Read More ...

Categories: Business | 
Tags: Economy |  Economics | 
Places: Americas |  United States |  Latin America |  South America |  Brazil | 

It’s the Economy, Democrats, but Inequality Is Not the Issue

nytimes.com

It’s the Economy, Democrats, but Inequality Is Not the Issue

- Photo ASPEN, Colo. — Is income inequality the defining challenge of our time? Bernie Sanders thinks so. He ran for president as inequality’s most ardent foe. So does Elizabeth Warren, the other champion of the Democratic Party’s left. Even President Barack Obama, in his understated way, seemed to agree. Notably, he engineered perhaps the most aggressive redistribution of income since President Lyndon B
Read More ...

Categories: Politics & Government |  Business |  Society & Culture | 
Tags: Political Parties |  Economy |  Money |  Society |  Economics |  Inequality |  Income |  Party Politics | 
Places: Americas |  North America |  United States | 

Canadian small business lending climbs for fifth month in June: PayNet

reuters.com

Canadian small business lending climbs for fifth month in June: PayNet

- TORONTO (Reuters) - Lending to Canadian small businesses rose for a fifth straight month in June on stronger activity in construction and other major industries, data showed on Tuesday, suggesting that companies are adding to solid growth in the domestic economy. The PayNet Small Business Lending Index rose to 123.8 in June from 122.0 the month before, while the annual gain accelerated to 5 percent from 3 percent in May
Read More ...

Categories: Business | 
Places: United States |  Canada | 

Britain asks for interim customs deal with EU, new trade deals post-Brexit

reuters.com

Britain asks for interim customs deal with EU, new trade deals post-Brexit

- LONDON (Reuters) - Britain will propose setting up an interim customs agreement with the European Union after Brexit to allow the freest possible trade of goods. But it will also seek the right to negotiate other trade deals, a possible sticking point in the talks. According to excerpts of a government document to be published on Tuesday setting out Britain's strategy, the government will say one option to minimize friction when it leaves the bloc in March 2019 would be to introduce a temporary customs union which should be "time-limited"
Read More ...

Categories: Business | 
Tags: Economy |  Economic Policies |  Trade |  Economics |  Revenue |  Customs |  Public Finance |  Trade deals | 
Places: United States |  Europe | 

Read the text of President Trump’s remarks on Charlottesville

bostonglobe.com

Read the text of President Trump’s remarks on Charlottesville

- THE PRESIDENT: Thank you. I’m in Washington today to meet with my economic team about trade policy and major tax cuts and reform. We are renegotiating trade deals and making them good for the American worker. And it’s about time. Our economy is now strong. The stock market continues to hit record highs, unemployment is at a 16-year low, and businesses are more optimistic than ever before
Read More ...

Categories: Business | 
Tags: Economy |  Trade |  Economics | 

Japanese shoppers open their wallets, raising hopes for sustained revival

reuters.com

Japanese shoppers open their wallets, raising hopes for sustained revival

- TOKYO (Reuters) - Japan's cautious consumers are starting to loosen up, spending more on cars and home appliances and offering hope that domestic demand - and not just exports - will be strong enough to reflate an economy that has been sluggish for many years. The tightest labor market since the 1970s seems to be a playing a role. Temporary and part-time workers are getting paid more to help fill shifts, and that is helping lift sales
Read More ...

Categories: Business | 
Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Asia |  N.E. Asia |  Japan | 

Analysts are expecting India to report a retail inflation pick up — for the first time in 4 months

cnbc.com

Analysts are expecting India to report a retail inflation pick up — for the first time in 4 months

- India's consumer inflation is expected to have picked up in July after easing for three straight months, with food prices back on the rise, but is expected to remain well below the central bank's target. The consumer price index, the main policy target of the Reserve Bank of India (RBI), likely rose 1.87 percent in July from a year earlier, according to a Reuters poll of economists, compared with an increase of 1
Read More ...

Categories: Business | 
Places: United States |  Asia |  S. Asia |  India | 

Japan second-quarter GDP blows past expectations on robust domestic demand

reuters.com

Japan second-quarter GDP blows past expectations on robust domestic demand

- TOKYO (Reuters) - Japan's economy grew in the second quarter at the fastest pace in more than two years as consumer spending and capital expenditure both rose at the fastest in more than three years, highlighting stronger domestic demand. Gross domestic product expanded an annualized 4.0 percent in April-June, government data showed, more than the median estimate for 2.5 percent annualized growth and the biggest increase since January-March 2015
Read More ...

Categories: Business | 
Tags: Economy |  Money |  Economics |  Expenditure |  Money Management | 
Places: United States |  Asia |  N.E. Asia |  Japan | 

India's July retail inflation seen picking up for first time in four months

reuters.com

India's July retail inflation seen picking up for first time in four months

- NEW DELHI (Reuters) - India's consumer inflation is expected to have picked up in July after easing for three straight months, with food prices back on the rise, but is expected to remain well below the central bank's target. The wholesale price index INWPI=ECI likely rose 1.3 percent in July, after four months of easing. In June, WPI rose 0.9 percent
Read More ...

Categories: Business | 
Tags: Economy |  Inflation |  Economics | 
Places: United States |  Asia |  S. Asia |  India | 

Japan’s Economy Grows Again, in Longest Streak in 11 Years

nytimes.com

Japan’s Economy Grows Again, in Longest Streak in 11 Years

- Photo TOKYO — Japan’s economy grew more strongly than expected in the second quarter, extending the longest streak of uninterrupted growth in 11 years, government data showed on Monday. And the really good news: Much of the growth was local. Japan’s government has been trying to spur the economy with a stimulus program known as Abenomics, after Prime Minister Shinzo Abe
Read More ...

Categories: Business | 
Tags: Economy |  Economics | 
Places: United States |  Asia |  N.E. Asia |  Japan | 

Trump to launch investigation into China trade violations

washingtonpost.com

Trump to launch investigation into China trade violations

- The Trump administration will take steps Monday to launch an investigation into Chinese intellectual property violations that could result in severe trade penalties, a threat the United States could wield to pressure Beijing into improving its economic behavior and doing more to contain North Korea’s nuclear threat. The president plans to sign an executive memorandum Monday afternoon directing his top trade negotiator to determine whether to investigate China for harming intellectual property, innovation and technology, senior administration officials said in a conference call Saturday morning
Read More ...

Categories: Business | 
Tags: Economy |  Trade |  Economics | 
Places: Americas |  North America |  United States | 

Babies with a rare, severe form of epilepsy depend on this drug. The maker stopped selling it.

washingtonpost.com

Babies with a rare, severe form of epilepsy depend on this drug. The maker stopped selling it.

- For the first six months of Christian Mumm’s life, his family lived on high alert. Christian, who has a genetic disease that causes severe epilepsy, experienced frequent seizures — at his worst, one every 10 minutes — that left him depleted and jumpy. His three older brothers and sisters tiptoed around the house in New Hartford, Conn., afraid that if they breathed the wrong way or clinked a dish too loudly, it would set off a storm in his brain
Read More ...

Categories: Business |  Health | 
Places: Americas |  North America |  United States |  New Hartford | 

PolitiFact: For the most part, Trump correct about U.N. sanctions

concordmonitor.com

PolitiFact: For the most part, Trump correct about U.N. sanctions

- By MIRIAM VALVERDE PolitiFact staff In a tweet on Aug. 5, Donald Trump said: “United Nations Resolution is the single largest economic sanctions package ever on North Korea. Over one billion dollars in cost to N.K.” Our ruling rump tweeted, “United Nations Resolution is the single largest economic sanctions package ever on North Korea. Over one billion dollars in cost to N
Read More ...

Categories: Politics & Government |  Business | 
Places: Americas |  North America |  United States |  Northeast |  New England |  New Hampshire | 

Popular Stories

Home / United States / Business / Economics

Economics - United States

  • Brazil softens budget deficit goals through 2020
    Brazil softens budget deficit goals through 2020

    , reuters.com

    BRASILIA (Reuters) - Brazil's government loosened its budget targets for all years through 2020 on Tuesday, delaying prospects for a drop in the federal deficit after legislators repeatedly refused to raise taxes in the recession-hit economy. Cost-cutting measures were announced along with the new targets, in a bid to demonstrate President Michel Temer's commitment to fiscal discipline even after his economic team cut forecasts for economic growth next year
    Read More ...

     

    Categories: Business | 
    Tags: Economy |  Economics | 
    Places: Americas |  United States |  Latin America |  South America |  Brazil | 

Economia

  • Brazil softens budget deficit goals through 2020
    Brazil softens budget deficit goals through 2020

    , reuters.com

    BRASILIA (Reuters) - Brazil's government loosened its budget targets for all years through 2020 on Tuesday, delaying prospects for a drop in the federal deficit after legislators repeatedly refused to raise taxes in the recession-hit economy. Cost-cutting measures were announced along with the new targets, in a bid to demonstrate President Michel Temer's commitment to fiscal discipline even after his economic team cut forecasts for economic growth next year
    Read More ...

     

    Categories: Business | 
    Tags: Economy |  Economics | 
    Places: Americas |  United States |  Latin America |  South America |  Brazil | 

Public Policies

  • US job market recovers from Great Recession, but not everyone is brought along
    US job market recovers from Great Recession, but not everyone is brought along

    , newsobserver.com

    A decade after being devastated by the Great Recession, the U.S. job market has finally returned to levels it was at before the financial bubble burst and the economy cratered. The economy added 209,000 jobs in July, government data showed Friday. After adjusting for changes in the population, that brings the level of employment in the United States back to that of November 2007, the month before the recession officially began, according to a report published Friday morning by the Brookings Institution's Hamilton Project
    Read More ...

     

    Categories: Business | 
    Places: Americas |  North America |  United States |  South |  Atlantic |  North Carolina | 

Inflation

  • India's July retail inflation seen picking up for first time in four months
    India's July retail inflation seen picking up for first time in four months

    , reuters.com

    NEW DELHI (Reuters) - India's consumer inflation is expected to have picked up in July after easing for three straight months, with food prices back on the rise, but is expected to remain well below the central bank's target. The wholesale price index INWPI=ECI likely rose 1.3 percent in July, after four months of easing. In June, WPI rose 0.9 percent
    Read More ...

     

    Categories: Business | 
    Tags: Economy |  Inflation |  Economics | 
    Places: United States |  Asia |  S. Asia |  India | 

Revenue

  • County fire district faces pay cuts, potential layoffs due to decrease in property tax revenue
    County fire district faces pay cuts, potential layoffs due to decrease in property tax revenue

    , billingsgazette.com

    The Natrona County Fire Protection District faces pay cuts, potential layoffs and the possible closure of one of its stations due to a decrease in property tax revenue across the county. Chief Bob Fawcett said that the district's revenue for the upcoming fiscal year — which begins July 1 — is expected to be $1 million less than the $2.7 million it received the previous year
    Read More ...

     

    Categories: Business | 
    Tags: Taxes |  Economy |  Economic Policies |  Economics |  Revenue |  Tax revenue |  Public Finance |  Taxation | 
    Places: Americas |  North America |  United States | 

Economists

  • Economic uncertainty heats up this summer
    Economic uncertainty heats up this summer

    , freep.com

    Economic outlook gets a bit more uncertain as businesses don't know what's next for tax cuts, tariffs or health care. Susan Tompor/Detroit Free Press. Millennials could find themselves navigating an economic downturn for the first time in their professional lives, particularly if growth remains anemic, according to James Chessen, chief economist for the American Bankers Association. Most economists — including Chessen — aren't forecasting a recession later this year or even next year
    Read More ...

     

    Categories: Business | 
    Places: North America |  United States |  Midwest |  East |  Michigan |  Detroit |  Wayne | 

Economic Growth

  • CBO: Trump budget's would not add to economic growth or wipe out deficit
    CBO: Trump budget's would not add to economic growth or wipe out deficit

    , chicagotribune.com

    President Donald Trump's budget would not add to economic growth or eliminate the deficit in coming years, the nonpartisan Congressional Budget Office said Thursday, casting doubt on a plan the White House has touted as central to achieving the president's domestic agenda. The CBO projected that the economy would grow at only 1.9 percent under the White House's plan - far below the 3 percent goal the administration continued to outline as recently as Thursday
    Read More ...

     

    Categories: Politics & Government |  Business | 
    Places: Americas |  North America |  United States |