Sure, maybe AI enthusiasm is creating a stock market bubble. But if the Federal Reserve is set to continue slashing rates, one might be tempted to ask: so what? In other words, even with valuations elevated, the old maxim of “don’t fight the Fed” may prove to be prudent advice in the near term. When…
President Donald Trump’s approval rating on his handling of the economy has hit a new low, according to a new poll from Quinnipiac University on Wednesday. Why It Matters Trump’s sliding grade on the economy comes as Americans have reported increased anxiety over the rising costs of living, a softening job market, and a protracted…
HONG KONG (AP) — China’s economy expanded at the slowest annual pace in a year in July- September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand. The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2% pace of…
President Donald Trump is now facing a crisis of confidence on the economy, according to a new poll. The latest CNBC poll, conducted between October 8-12, shows that Trump’s approval rating on the economy stands at 42 percent, with 55 percent disapproving. The -13 net approval on the economy is the lowest of any CNBC…
One of the winners of this year’s Nobel economics prize, France’s Philippe Aghion, on Monday warned Europe that it must not let the United States and China dominate technological innovation. Aghion shared the Nobel with American-Israeli Joel Mokyr and Canada’s Peter Howitt for work on technology’s impact on sustained economic growth. “I think European countries…
Prime Minister Keir Starmer is being urged by senior members of his government to reassess his policy toward China and take a tougher stance on the risks it poses to UK national security in the wake of a collapsed espionage case. Several cabinet ministers are concerned that Starmer has taken too generous an approach to…
President Donald Trump’s additional 100% tariff on China erased $2 trillion from the stock market on Friday and possibly couldn’t have come at a worse time. A potentially renewed trade war risks a resurgence of uncertainty in the market, Apollo Global Management chief economist Torsten Slok said Saturday on Fox Business, all while fears of…
(Bloomberg) — Global equities are likely to rally even higher as a jump in economic growth expectations is keeping stock bulls firmly in control, according to Bank of America Corp.’s Michael Hartnett. The bank’s latest survey showed a net 28% of global fund managers are overweight equities, the highest in seven months. Opinions about growth…
The head of a UK-China business lobby group expects Prime Minister Keir Starmer to visit China in early 2026 to build on closer bilateral ties since the Labour government came to power. “We all very much hope that he will be here probably in the first quarter of next year,” Peter Burnett, chief executive of…
Commuters exit a Wall Street subway station near the New York Stock Exchange. (Bloomberg) — Wall Street trading desks expect a hot inflation print when the consumer price index hits Thursday, but they aren’t preparing for a big reaction from stocks with jobs dominating the market narrative. Options traders are betting the S&P 500 Index…