Economist Robert Shiller told the Financial News he believes there’s less than 50% chance of recession in 2020. Many economists predict a downturn
Author: Paul Davidson, USA TODAY
Powell: Fed is not ‘at all’ expecting a recession, saying economy continues to ‘perform well’
Federal Reserve Chairman Jerome Powell said Friday he doesn’t ‘at all’ expect the U.S. to enter a recession.
Economy added disappointing 130,000 jobs in August, giving Fed another reason to cut rates
Employers added just 130,000 jobs in August. Economists expected 160,000 payroll gains.
Trade war: How tariffs on clothing, TVs and school supplies could affect you next week
President Trump’s tariffs are aimed more Chinese consumer goods starting Sunday. Clothing, TVs, lamb, pasta, glasses and pens are among products hit
Tesla offers discount car insurance to California owners, citing advanced safety features
Tesla Wednesday started offering discounted car insurance to California customers. The company cited its knowledge of Tesla’s advanced safety features
Powell hints the Fed will cut interest rates again as soon as next month
Fed Chairman Jerome Powell hinted the Fed will cut rates again as soon as next month. He cited the US trade war with China and global turbulence
US has half a million fewer jobs than believed after big government revision
There were 501,000 fewer jobs created from April 2018 to March 2019. Jobs in retail, hospitality and professional services were revised down sharply.
Like clockwork, the dog days of August bring anxiety for stock market investors
August is worst month for stocks the past 10 years, with an average 0.78% loss. Blame light trading, global events and markets that run out of steam
Fed rate cut should goose stock market, history shows
The Fed is expected to cut its key interest rate by a quarter percentage point Wednesday. Fed cuts when there’s no recession typically lift stocks
Trump tweets Fed interest rate cut “will do very little” compared to Europe and China
President Trump tweeted that the Fed’s expected quarter point rate cut “will do very little” compared to more aggressive steps by Europe and China.