The forthcoming U.S. election matters not only for the American people and the country’s economy; the outcome of the vote in November will also have a significant impact across the Atlantic. Europe’s financial markets and economic prospects will be affected by whoever enters (or remains) in the White House after the vote, according to economists […] Read more
NBCUniversal CEO Steve Burke plans to pursue personal interests rather than taking a job at a rival large media company when he steps down from his chairman position at NBC in August, according to people familiar with the matter. Burke, 61, may acquire small businesses or start a venture capital fund while spending more time […] Read more
The Federal Reserve likely will cut interest rates next week, but in doing so will make a pair of adjustments aimed at signaling that the current easing cycle could be over, according to a Goldman Sachs forecast. Markets widely expect the policymaking Federal Open Market Committee to approve a quarter-point reduction at the Oct. 29-30 […] Read more
The Federal Reserve likely will cut interest rates next week, but in doing so will make a pair of adjustments aimed at signaling that the current easing cycle could be over, according to a Goldman Sachs forecast. Markets widely expect the policymaking Federal Open Market Committee to approve a quarter-point reduction at the Oct. 29-30 […] Read more
US President Donald Trump said “good things are happening” at the start of a second day of high-level trade negotiations with China, and signaled that he is inclined to sign a deal. “Good things are happening at China Trade Talk Meeting,” Trump said in a Twitter post. “Warmer feelings than in recent past, more like […] Read more
Charles Evans, president and chief executive officer of the Federal Reserve Bank of Chicago, told CNBC Monday that he was “open-minded” when asked about the right level for interest rates in the U.S., but suggested more cuts could be needed if economic headwinds increase. Evans, noted for his dovish views at the central bank, was […] Read more
President Donald Trump was clearly surprised Monday — and asked “why?” — when Treasury Secretary Steven Mnuchin said U.S. officials asked members of China’s trade delegation to cancel a scheduled farm tour in the United States last week. American stock market indices plunged Friday on the news of the cancellation of the visit with farmers in […] Read more
Ukrainian President Volodymyr Zelensky is under pressure over how he will resolve a long-running dispute regarding a nationalized bank and its former oligarch owner. How he proceeds could be a “deal-breaker” as to whether Ukraine’s international creditor, the International Monetary Fund (IMF), gives the country a further much-needed aid program, experts say. The dispute centers […] Read more
As more video-streaming services flood the market, professional sports leagues are finding themselves in an increasingly precarious situations, because they’re not included in the packages. At this week’s Allen & Co. conference in Sun Valley, Idaho, some of the top sports executives gathered to discuss the future of sports. We spoke to the commissioners of […] Read more
Got extra stuff? Got extra space? A new company is ready to make a match. Neighbor, based in Salt Lake City, connects homeowners online with people who need storage space. Its CEO says the barely 2-year-old company is already seeing 500% annual growth. “Currently there are more storage facilities in the U.S. than there are […] Read more
