Markets

S&P 500, Nasdaq extend records as traders look ahead to further stimulus

The S&P 500 and Nasdaq composite indexes extended records on Wednesday after closing at all-time highs on Tuesday. Traders are still watching for signs that Congress will reach a deal on another coronavirus pandemic stimulus bill soon. The August ADP employment report showed that US companies added 428,000 jobs last […]
S&P 500, Nasdaq extend records as traders look ahead to further stimulus
Markets

US economic activity improved slightly through early July but remained well below pre-crisis levels, according to Fed’s Beige Book

The US economy improved slightly from the end of May through early July as states reopened their economies from sweeping coronavirus-induced lockdowns, according to the Federal Reserve’s Beige Book report released Wednesday. Still, the Fed noted that activity remains far below its pre-crisis levels. In addition, “outlooks remained highly uncertain,” […]
US economic activity improved slightly through early July but remained well below pre-crisis levels, according to Fed’s Beige Book
News

Trump’s trade war with China is starting to get nasty for US companies

President Donald Trump’s trade war with China has dragged on for nearly four months, and American businesses are starting to feel the pain. Surveys from Markit and the Federal Reserve found that businesses face increasing costs that are in some cases being passed on to consumers because of Trump’s tariffs. […]
Trump’s trade war with China is starting to get nasty for US companies
Markets

The Fed says US manufacturers are worried about Trump’s tariffs

Manufacturers in all the Federal Reserve’s 12 districts are concerned about tariffs. The Fed’s Beige Book, with anecdotes from businesses across the country, showed companies that rely on steel and aluminium for production are grappling with higher costs. On Tuesday, Fed Chairman Jerome Powell said in Senate testimony that a […]
The Fed says US manufacturers are worried about Trump’s tariffs
News

American businesses are already freaking out about Trump’s tariffs

The Federal Reserve reported in its latest Beige Book that US businesses are wary of President Donald Trump’s new trade policies. In particular, manufacturers were concerned about the sudden spike in the price of steel and aluminium. The businesses said the new tariffs were not a drag on activity yet, […]
American businesses are already freaking out about Trump’s tariffs