US trade deficit a focus of Trump-Xi meeting
The US trade deficit with China is expected to be a key topic during Chinese President Xi Jinping’s visit to US President Donald Trump’s Mar-a-Lago retreat. “The meeting next week with China will be a […]
US
US corporate-tax rate could be 28%
The Trump administration’s target corporate-tax rate has nudged up since before the election. When then-candidate Donald Trump pledged to cut the rate to 15% from 35%. After a failed attempt to repeal the Affordable Care […]
Mnuchin wins confirmation as treasury secretary
The Senate has confirmed former Wall Street executive Steven Mnuchin to be treasury secretary by a 53-47 vote, one of the narrowest margins ever for the post. During the debate, Democrats criticized Mnuchin for his […]
Foreign bond investors accelerate sales of US Treasurys
Countries that have traditionally been the biggest foreign holders of US government debt are selling their Treasurys. If foreign demand for US bonds continues to fall, it could make borrowing more expensive and create obstacles […]
Gold prices, bond yields may signal crash
As gold prices and bond yields continue to rise at the same time, a new report suggests trouble for equities. A study by Bank of America Merrill Lynch says conditions in the gold and bond […]
Ex-Goldman chief has key role shaping Trump’s policies
Gary Cohn, who resigned as president of Goldman Sachs to work for the Trump administration, is emerging as a powerful voice on economic policy in the White House. At a time when most of the […]
Regulatory lag in US proving a drag on fintech development
US regulators appear to be a step behind when it comes to regulating fintech, a factor that is holding back fintech innovations. A new report by BI Intelligence highlights this regulatory lag’s impact on fintech. […]
Fed QE wind-down expected to hit mortgage bonds
Analysts are raising concerns about the US housing market as the Federal Reserve (FED) prepares to reduce its bond holdings, particularly $1.75 trillion in mortgage-backed securities. The Fed owns a third of all government-backed mortgage […]
Tech leaders join opposition to immigrant order
Apple, Google and Microsoft are among the 97 companies backing the state of Washington’s opposition to President Donald Trump’s executive order restricting immigration. The amicus brief filed by the companies states that Trump’s executive order […]
Sales of existing homes jump in US
Sales of previously owned homes in the US shot up in November to their highest level in almost 10 years, according to the National Association of Realtors. The size of the increase suggests home sales, […]