President-elect Donald Trump said he will appoint billionaire Carl Icahn to advise him on how to do away with certain federal regulations. Icahn, whose net worth is estimated to be about $20 billion, was previously […]
Foreign investors are hindered in obtainment of dollar funding to buy US high-yield corporate bonds because of the rising cost of currency hedges, data from Bank of America Merrill Lynch suggest. Purchases abroad have declined […]
Mortgage rates are rising after the presidential election and Federal Reserve’s interest-rate hike, signaling a shift to higher borrowing costs for consumers. Mortgage lenders expect refinance volumes to reach half their previously anticipated levels next […]
When the Federal Reserve announced its rate hike this week, the news sent Chinese bond futures, the value of the yuan and mainland stock markets falling. A strengthening US currency and higher dollar-denominated interest rates […]
The U.S. has launched a challenge to China’s use of tariff-rate quotas for rice, wheat and corn at the WTO, charging that China’s administration of the program breached its WTO commitments and hurt U.S. farm […]
Japan has overtaken China as the biggest holder of U.S. government bonds, as figures for foreign ownership of U.S. Treasurys in October show that China’s holdings declined to the lowest in more than six years […]
US homebuilder confidence in December reached the highest level since July 2005, according to an index from the National Association of Home Builders. “Though this significant increase in builder confidence could be considered an outlier, […]
Noting discussion took place on the following topics – job creation for U.S. workers, removal of barriers preventing U.S. companies from doing business in other countries, U.S.-China trade dynamic and market access, tax cuts and […]
Total household wealth reached $90.2 trillion in the third quarter, a 1.8% increase, according to the Federal Reserve. The gain was driven by real estate values, which increased $554 billion, and stock and mutual fund […]
First-time jobless claims in the US dropped by 10,000 last week, to 258,000, reversing the trend that sent the previous week’s total to its highest level in five months. Initial claims have remained below the […]
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