US trade representative says phase-one trade deal is ‘totally done’ and will double exports to China in two years
Economy

US trade representative says phase-one trade deal is ‘totally done’ and will double exports to China in two years

U.S. Trade Representative Robert Lighthizer said on Sunday that the phase one U.S.-China trade deal reached on Friday is “totally done,” and it will nearly double U.S. exports to China over the next two years. U.S. and Chinese officials announced on Friday that the U.S. and China had finally agreed to the phase one agreement […]

US import prices rebound, but the underlying trend remains weak
Economy

US import prices rebound, but the underlying trend remains weak

U.S. import prices rebounded modestly in November and the underlying trend remained soft, consistent with subdued imported inflation pressures. The Labor Department said on Friday import prices increased 0.2% last month, lifted by higher prices for petroleum products, after an unrevised 0.5% decline in October. Import prices exclude tariffs. Last month’s increase in import prices […]

JP Morgan sees S&P 500 rising 8% in 2020 as economy ‘reaccelerates’
Economy

JP Morgan sees S&P 500 rising 8% in 2020 as economy ‘reaccelerates’

The record-setting stock market rally will gain steam in 2020 as the stage is set for the global economy to recover, according to J.P. Morgan. Dubravko Lakos-Bujas, the bank’s chief U.S. equity strategist, set his 2020 price target for the S&P 500 at 3,400, a roughly 8% gain from here. Betting on a limited U.S.-China trade deal […]

China exports fall again as US trade war continues
Economy

China exports fall again as US trade war continues

China’s exports fell in November as shipments to the US slowed sharply, adding to concerns about the effects of the two nations’ trade war. November exports from the world’s second largest economy fell 1.1% from a year earlier, the fourth straight fall. Exports to the US were down 23%, the worst such result since February and […]

Big money investors predict Trump will ride strong US economy
Economy

Big money investors predict Trump will ride strong US economy to 2020 victory

Big money investors believe President Trump will ride the strong U.S. economy to a 2020 election win. Most people on Wall Street “would probably say that the chances are pretty good that he’ll get reelected,” David Rubenstein, co-founder of the private-equity firm The Carlyle Group, which has $201 billion in assets under management, told FOX Business’ Neil Cavuto. Trump […]

Two of the world's biggest economies are at risk of recession
Economy

Two of the world’s biggest economies are at risk of recession

Investors have recently left worries about the pace of global growth aside, opting for optimism on a “phase one” US-China trade deal. But muted economic data expected out of Europe this week could change the mood. Germany may post data Thursday indicating that it’s in recession. Economists surveyed by Reuters believe the world’s fourth largest economy […]

U.S. consumer sentiment improves
Economy

U.S. consumer sentiment improves slightly in November

A survey on U.S. consumer sentiment rose to 95.7 this month from 95.5 in October, the University of Michigan said Friday. As per the University of Michigan, a degree of consumers’ opinions on current conditions fell to 110.9 in November from 113.2 in October, while the measure of their expectations increased to 85.9 from 84. […]

Trump says he has not agreed to roll back tariffs on China, after week of trade optimism
Economy

Trump says he has not agreed to roll back tariffs on China, after week of trade optimism

President Donald Trump said Friday he has not agreed to scrap tariffs on Chinese goods, dampening hopes about a coming resolution to a jarring trade conflict. “They’d like to have a rollback. I haven’t agreed to anything,” he told reporters before departing the White House on his way to Georgia. “China would like to get […]

Economy

5 reasons why your mutual fund investment should be long term

Mutual fund investments refer to a financial investment scheme that collects money from a variety of people and then this entire amount of money is invested in bonds, debt funds and stocks. Individuals can choose to invest money in mutual funds in India in a lump sum way or through Systematic Investment Plan or SIP […]