Japan’s Sharp Contraction Sends Global Warning About Tax Hikes
The Japanese government hiked its consumption tax in October. The drag on the economy was much larger than expected.
The Japanese government hiked its consumption tax in October. The drag on the economy was much larger than expected.
President Donald Trump has entered 2020 with one of the best allies an incumbent president can have in an election year: a strong economy.
In a wide-ranging interview with CNBC’s John Harwood, 2020 Democratic presidential hopeful Joe Biden predicted the next president to take office is “likely to inherit a recession.” The former vice president told Harwood in the sit-down interview in New Hampton,
German factory orders, an important indicator for Europe’s biggest economy, dropped for the second consecutive month in August – led by lower demand from domestic customers.
Senator Pat Toomey (R-PA) said Thursday he does not think the United States is “heading to a recession any time soon.” In his interview on CNBC’s “Squawk Box,” Toomey voiced his concern with beginning a new trade war, saying the
Although the manufacturing sector appears to be contracting, economic growth is well above stall speed
The economy is strong and growing. But nearly three-quarters of Democrats see a recession coming.
There were fewer people unemployed in America in August 2019 than there were in August 1975 when we were just shy of 69 million fewer people in the economy.
Thursday on CNBC’s “Squawk Box,” network host Jim Cramer argued the U.S. economy gave it leverage over China in the trade dispute between the two nations. Cramer told host Joe Kernan that the only ones talking about a recession as
Alfredo Ortiz of Job Creators Network writes in Townhall that, rather than celebrating our current prosperity and booming economy, the left is proposing to destroy it by instituting a “Green New Deal.”
Elaine Parker of Job Creators Network writes in the Washington Times that the broad scope of economic indicators offset the concern that the inverted yield curve suggests a recession is imminent.
Alfredo Ortiz of Job Creators Network writes in The Hill that Democrats’ “the sky is falling” rhetoric about impending recession is merely a desperate attempt to take back the reins of power:
Former Rep. John Delaney (D-MD) told the Associated Press in Iowa on Wednesday that fellow Democratic presidential candidates were guilty of “cheering on a recession because they want to stick it to Trump.”
While speaking to reporters on Wednesday, 2020 presidential candidate former Representative John Delaney (D-MD) stated, “It feels like some Democrats are cheering on a recession because they want to stick it to Trump.” Delaney said, “It feels like some Democrats
The market appeared to take Wednesday’s inversion in stride. The major stock indexes ended the day in the green.
“I think the word ‘recession’ is inappropriate because it’s just a word that certain people, I’m going to be kind, certain people in the media are trying to build up because they’d love to see a recession,” Trump said. “We’re very far from a recession.”
In the face of rising recession fears, the White House is considering a payroll tax cut aimed at boosting consumer spending.
Monday amid rumblings of the United States facing a potential recession, “MSNBC Live” commentator Stephanie Ruhle defended recessions, calling them “a normal part of economic activity.” While the White House is shooting down the notion of an upcoming recession, Ruhle
In a Monday interview with reporters, White House counselor Kellyanne Conway responded to a question about the possibility of a recession by saying it is nice to have the mainstream media finally covering the economy under President Donald Trump, even though
During an interview with “Fox News Sunday,” White House economic adviser Larry Kudlow shot down the rumors of a potential recession on the horizon. According to Kudlow, the United States economy is “in pretty good shape.” “Well, first of all,
Long term bond yields have sunk below short term yields, often a signal of economic woes in the future.|
HBO talk show host Bill Maher has once again expressed his desire to see the United States fall into an economic recession in the coming year, arguing it would reduce the chances of President Donald Trump winning the 2020 presidential election.
The Iranian government published a report on Sunday showing the national Gross Domestic Product (GDP) contracted by 4.9 percent over the fiscal year ending March 21. The announcement revealed Iran’s economy contracted much more sharply than anticipated after U.S. sanctions were reimposed by President Donald Trump.
Recessions are inevitable but that does not mean one is on the horizon, despite dire headlines in the media.
Monday during an appearance on CNBC’s “Squawk Boc,” outgoing White House Council of Economic Advisers chairman Kevin Hassett predicted there will not be a recession in 2019 despite the European economic slowdown. Hassett said in looking at the data, the
The most closely watched part of the yield curve inverted, an indicator that a recession could arrive in the next few years.
Polls asking American households and businesses about the health of the American economy reveal sharp political divisions.
American consumers helped the 2018 holiday shopping season be bright as they spent more than $850 billion online and in stores.
Not quite the season to be jolly, according to CNBC’s latest survey.
The stock market seems to have shattered CEO confidence in the American economy.
CFOs suddenly have a very dire outlook for the U.S. economy over the next two years.
Another indication that the Federal Reserve may be moving rates up too far.
South Africa slid into an official recession Tuesday. The main culprit was a sharp contraction in the agricultural sector, which has been under political assault this year as the ruling African National Congress has pledged “expropriation without compensation.”
California Governor Jerry Brown warned on Monday — again — about the “inevitable recession” he has predicted for years.
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher responded to the controversy over his earlier comments that a recession would be worth going through if it undermined President Trump’s popularity by stating his critics should “take a course in
Friday on HBO’s “Real Time,” host Bill Maher admitted he was hoping for the American economy to falter because he said that was the one way to “get rid” of President Donald Trump.
California’s birth rate fell in 2016 to its lowest level in history in 2016, according to a new report by the California Department of Finance.
Gov. Jerry Brown vetoed $300 million of “feminist” tax breaks on Tuesday, thanks in part to worries about falling stock prices wiping out up to $10 billion of California’s capital gains tax revenue.
As if the immigration crisis and ever more strained relationship with Brussels weren’t enough, now Italians have to face the specter of a major bank failure that analysts say could utterly cripple Italy’s financial structure.
Despite the U.S. trade deficit jumping by 10 percent in May, American manufacturing indicators saw a big jump in June that suggest there should be no recession in the 2016 election year.