China could learn a lesson for its possible digital currency issuance from the Hong Kong monetary system that allows “commercial entities” to issue banknotes backed by their own private currency assets, former central bank governor Zhou Xiaochuan said. Zhou, who served as the governor of the People’s Bank of China (PBOC) for over 15 years […] Read more
President Donald Trump wouldn’t need to hear much from Chinese officials to at least strike a truce in the trade war between the two sides, a senior administration official told CNBC. Trump and Chinese President Xi Jinping are set to meet Saturday at the G-20 meeting in Osaka, Japan, with expectations running high that the […] Read more
U.S. consumer prices barely rose in May as a rebound in the cost of food was offset by cheaper gasoline. The data pointed to moderate inflation that could increase pressure on the Federal Reserve to cut interest rates this year. The Labor Department said its consumer price index edged up 0.1% last month. The CPI […] Read more
U.S. consumer prices increased in April, which could allow the Federal Reserve to keep interest rates unchanged for a while. Personal income rose 0.5% in the month after ticking up 0.1% in March. Savings increased to $990.3 billion in April from $963.7 billion in March. Personal consumption expenditures (PCE) index increased 0.3% last month after […] Read more
The yield on the benchmark 10-year Treasury note fell to a 19-month low Tuesday as Wall Street grew more certain that the U.S.-China trade war will last longer and afflict GDP growth more than first thought. The online publishers TOP Quality, 24-hr online support and service At around 11:45 a.m. ET, the yield on the […] Read more
The number of Americans filing applications for unemployment benefits fell less than expected last week, which could raise concerns that the robust labor market was losing some momentum. Initial claims for state unemployment benefits decreased 2,000 to a seasonally adjusted 228,000 for the week ended May 4, the Labor Department said on Thursday. Data for […] Read more
Home shoppers signed 3.8% more contracts to buy existing homes in March compared with February, according to the National Association of Realtors’ Pending Home Sales Index. That was higher than analysts had expected. Sales were 1.2% lower compared with March 2018, the 15th straight month of annual declines. Buyers had added incentive in March, as […] Read more
Symbol Price Change %Change DJIA 26426.30 -26.36 -0.10% NASDAQ 8015.29 15.06 0.19% S&P 500 2906.59 -0.47 -0.02% GOLD 1276.90 -0.2999 -0.02% OIL 64.11 0.06 0.09% US 10-YR 2.596 0.002 0% EUR/USD 1.1299 0.0019 0.17% VIX 12.40 0.22 1.81% Stock Indexes Symbol Price Change %Change TRAN 10953.92 127.20 1.17% UTIL 771.61 -0.08 -0.01% NASD 100 7693.42 […] Read more
Ford Motor Co. is investing $900 million to set up both a battery-car plant — its second — and an autonomous vehicle center in Southeast Michigan, not far from its headquarters in the suburb of Dearborn. It’s part of the Detroit automaker’s push to lead in autonomous vehicles while also trying to catch up to […] Read more
The amount of $100 bills in circulation is surging. And it’s leaving some economists scratching their heads. The number of outstanding U.S. $100 bills has doubled since the financial crisis, with more than 12 billion of them across the world, according to the latest data from the Federal Reserve. C-notes have passed $1 bills in […] Read more
