Q1 US GDP Growth Revised Up To A Still Weak 1.2% – Forbes

Q1 US GDP Growth Revised Up To A Still Weak 1.2% – Forbes

The gross domestic product of the United States is an important number, it’s a measure of the economic wealth of the polity. Thus the news that the estimate of how fast that GDP grew in the first quarter has been revised up to 1.2% is good news. However, it’s only marginally good news for that’s […]

OPEC’s Weakest Link Is Not Who You Think It Is – Bloomberg

Thanks Vienna, you’ve been wonderful. OPEC and a few associates announced on Thursday they would prolong supply cuts, as we knew they would. OPEC extended its cuts by nine months. It even admitted a new member, Equatorial Guinea, boasting 0.3 percent of global oil production and a ranking of 135th out of 188 on the UN’s Human […]

Fed forecasts rate hike ‘soon,’ details plan to trim balance sheet – Washington Post

Federal Reserve Chair Janet L. Yellen addresses a conference at Brown University in Providence, R.I. (Michael Dwyer/AP) Most members of the Federal Reserve believe they should raise interest rates “soon” as long as the economy continues to rebound from a surprising bout of weakness in the first quarter, minutes from the Federal Reserve’s May 2-3 meeting showed. […]

US House Democrats seek info from Deutsche Bank on Trump accounts – Reuters

Democrats on a U.S. of House of Representatives panel have asked Deutsche Bank (DBKGn.DE) to provide information on whether any accounts connected to President Donald Trump have ties to Russia, adding another dimension to probes into connections between Moscow and Trump. Democrats on the U.S. House Financial Services Committee said on Wednesday they had sent […]

Trump’s budget shows feds little love despite pay hike – Washington Post

President Trump speaks at the Israel Museum, on Tuesday in Jerusalem. (AP Photo/Evan Vucci) Perhaps only the heartlessness the president’s budget demonstrates for the poor, the hungry and the sick exceeds the billionaire’s absence of empathy for the federal employees who serve them. The damage President Trump’s fiscal 2018 spending plan would do to what’s […]

Ford names Hackett as CEO to tackle car rivals, Silicon Valley – Reuters

WASHINGTON/DEARBORN, Mich. Ford Motor Co (F.N) abruptly named James Hackett as chief executive on Monday, responding to investors’ growing unease about the U.S. automaker’s slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley. Ford Chairman Bill Ford Jr., whose family effectively controls the U.S. No. 2 automaker, said he […]

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