China retaliatory tariffs cost billions in lost consumption: study

China retaliatory tariffs cost billions in lost consumption: study
FILE PHOTO: Chinese staff members adjust U.S. and Chinese flags before the opening session of trade negotiations between U.S. and Chinese trade representatives at the Diaoyutai State Guesthouse in Beijing, China February 14, 2019. Mark Schiefelbein/Pool via REUTERS/File Photo WASHINGTON (Reuters) – Tariffs slapped by China on U.S. products cost the most affected communities billions of dollars in lost auto... Read More

U.S. third-quarter labor cost growth slashed; productivity weak

U.S. third-quarter labor cost growth slashed; productivity weak
WASHINGTON (Reuters) – Growth of U.S. labor costs was not as robust as initially thought in the third quarter, suggesting inflation could remain tame in the near term. FILE PHOTO: Work crews construct a new hotel complex on oceanfront property in Encinitas, California, U.S., November 26, 2019. REUTERS/Mike Blake The sharp downward revision to labor costs, reported by the Labor... Read More

‘Symmetric,’ now a Fedspeak staple, may point to endgame for U.S. framework debate

‘Symmetric,’ now a Fedspeak staple, may point to endgame for U.S. framework debate
WASHINGTON (Reuters) – After 14 conferences, a couple dozen research papers and presentations and some very dense math, the Federal Reserve’s hunt for a better way to reach its inflation target may boil down to a single word: symmetric. FILE PHOTO: A screen displays the U.S. Federal Reserve interest rates announcement as traders work on the floor of the New... Read More

Asian shares edge down as tariff deadline hems bets

Asian shares edge down as tariff deadline hems bets
SHANGHAI (Reuters) – Asian equity markets eased slightly on Tuesday, tracking Wall Street declines as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China April 16, 2018. REUTERS/Stringer... Read More

Asian shares ease slightly as tariff deadline looms

Asian shares ease slightly as tariff deadline looms
SHANGHAI (Reuters) – Asian equity markets ticked down on Tuesday, tracking Wall Street losses as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China April 16, 2018. REUTERS/Stringer... Read More

Oil prices slip as weak China exports highlights trade war impact

Oil prices slip as weak China exports highlights trade war impact
TOKYO (Reuters) – Oil prices fell on Monday after data showing China’s overall exports of goods and services shrank for a fourth straight month, sending shivers through a market already concerned about damage being down to global demand by the Sino-U.S. trade war. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17,... Read More

Wall Street advances on strong jobs report, trade optimism

Wall Street advances on strong jobs report, trade optimism
(Reuters) – U.S. stocks jumped on Friday as solid monthly jobs data and upbeat comments from President Donald Trump on trade talks with China spurred riskier bets, putting the benchmark S&P 500 index on track to log its second weekly gain in a row. Wall Street’s main indexes are now close to all-time highs that they hit last week, after... Read More

Bumper jobs data, upbeat trade tone push Wall Street higher

Bumper jobs data, upbeat trade tone push Wall Street higher
(Reuters) – U.S. stocks jumped on Friday as a strong jobs report and upbeat comments from President Donald Trump on trade talks with China breathed new life into markets after a roller-coaster week. Wall Street’s main indexes are inching closer to all-time highs hit last week, after being nudged off by mixed headlines on U.S.-China trade. The S&P 500 index... Read More