Near Goldilocks Economy Gives Trump an Edge in 2020, Suggests Wall Street Firm
By CCN: Brace yourselves for six more years of MAGA. One of Wall Street’s oldest investment banks, Goldman Sachs, is betting on Donald Trump in 2020. Goldman economists have predicted that President Trump has the advantage, albeit a narrow one, over any Democratic candidate. While the Dow Jones Industrial Average was down fractionally today, More...
Pakistan PM’s attempt to woo western audience to boost economy in despair
Pakistani Prime Minister Imran Khan’s “peace missive” suggesting PM Narendra Modi as the best bet is an outreach to the Western audience and big powers amid the precarious state of the country’s More...
The Trump economy is going gangbusters (and even liberal economists are starting to admit it)
Last week it was reported that the U.S. economy expanded by 2.9 percent in 2018, when measured from the 2017 annual level to the 2018 annual level. By a different metric, one that measures from the fourth quarter More...
Beware of groupthink on why the economy’s so weak
According to our top econocrats, the underlying cause of the economy’s greatest vulnerability – weak real wage growth – is obvious: weak improvement in productivity. But I fear they’ve got that the wrong More...
US economy now growing at less than 2 percent due to shutdown, JP Morgan says
J.P. Morgan economists said the government shutdown is beginning to take a bigger toll on the U.S. economy, and growth is now below 2 percent, despite resilience in the private sector. The economists slashed their More...
Government shutdown bites US economy
Emily Hunt, a flight attendant for Southwest Airlines, drops off a donation of food for TSA workers at Orlando International Airport on Jan. 15. Florida airports are helping federal workers who aren’t getting More...
Playing catch-up in the digital economy
The increasing diffusion of ICT in developing countries including India and the greater ICT-led convergence across sectors that we are witnessing now follows the emergence of the inter-related digital technology More...
India to retain status as fastest growing major economy in 2019-20: World Bank
Fuelled by policy reforms and rebound in credit, India’s economy is forecast to expand by 7.5 per cent during the 2019-20 fiscal year and retain its position as the fastest growing major economy in a world More...
Complex web of international banks, shell companies, helps North Korea gain access to funds, WSJ reports
News1-Dong-A Ilbo | Getty Images News | Getty Images In this handout image provided by the News1-Dong-A Ilbo, North Korean officials watch the demolition of the Punggye-ri nuclear test site on May 24, More...
Goldman Sachs: As long as consumers keep shopping, there’s hope for the economy
David Goldman | Getty Images Shoppers carrying bags walk up Fifth Avenue in New York City. For a market that’s become increasingly jittery over the U.S. economy, Goldman Sachs has a message: All is More...