Hedge fund icon Ray Dalio is sounding the alarm a lot this year over what he sees as the dire state of the US economy. His main concern in recent months has been the impact of soaring US debt levels and high deficit spending; now, he’s raising red flags about the path of monetary policy….
U.S. and China trade deal discussions The U.S. and China reached a preliminary agreement that would prevent a new round of steep tariffs and keep critical rare earth mineral supplies flowing to the U.S. from China. FOX 13’s Craig Patrick reports. TAMPA – The U.S. and China reached a preliminary agreement that would prevent a…
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…
The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, forecasting only a slight slowing of global growth this year and in 2026. IMF Managing Director Kristalina Georgieva said recent economic data showed a softening in the U.S. economy, but…
SAN FRANCISCO – San Francisco city leaders are working to bring Chinese visitors back to the city. Luring visitors from China What we know: On the mayor’s balcony at San Francisco’s City Hall, Mayor Daniel Lurie and China’s Consul General to San Francisco, Zhang Jianmin raised the Chinese flag to honor Chinese National Day, honoring…
Earnings are strong. The US economy is holding steady. Fed rate cuts are coming. Nothing looks like it could go wrong in the stock market now. That, at least, is what investors seem to think, with major indexes breaking fresh records this week as traders took in tame inflation data and grew more confident in…
Summer is over, and stock investors used to placid markets are getting a wakeup call. Equity markets were sharply lower on Monday, with losses in major indexes hovering around 1%. Traders are responding to further uncertainty around Trump tariffs and a spiking 30-year Treasury yield. The selling comes on the heels of positive August for…
Mark Zandi sees trouble ahead for the US economy. The Moody’s Analytics chief economist recently predicted in a post on X that the US economy is on the brink of recession following some of the latest economic data. While Zandi later noted that he doesn’t think the US economy is in a recession yet, there…
Wholesale prices surged in July: BLS The Bureau of Labor Statistics announced this week that wholesale prices in the month of July rose at the fastest pace in three years. We take a look at how this may impact other areas of the economy. Washington, D.C. – The federal government put out a report on…
It’s been a strong summer for stocks, but investors are about to enter what is historically the worst period of the year for the market. The period from late July to mid-October is a tough stretch, with August and September often seeing the worst of the volatility. The S&P 500 has dipped by an average…