Opponents of job outsourcing are making a holiday-season appeal to President Trump: Stop U.S. companies from forcing American workers to train the very same cheaper foreign laborers who will soon replace them. Why it matters: […]
(Bloomberg) — Should American investors, $6 trillion richer after the stock market’s best year in six, take shelter now, convinced a reckoning is at hand and the good times won’t last? As far as earnings, […]
One of the most popular sayings in discussion of the finance industry these days is: “the bear case sounds smarter.” It’s true that outlandish predictions about negative outcomes often sound better-informed to people not familiar […]
The construction of physical barriers along America’s southern border has been stymied and slowed due to partisan opposition in Washington, D.C., and legal battles in the federal courts over the last few years, but now […]
(Bloomberg) — Want to receive this post in your inbox every day? Sign up for the Terms of Trade newsletter, and follow Bloomberg Economics on Twitter for more. Fresh off a pair of wins with […]
Oil prices fell on Wednesday after industry data showed an unexpected build in crude inventory in the United States and as investors waited for news on whether a fresh round of U.S. tariffs on Chinese […]
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, hitting their lowest level in seven months, suggesting the labor market remains solid even as the economy is slowing. Initial claims for […]
Tech Data (TECD) – The technology distributor agreed to be bought by private-equity firm Apollo Global (APO) in a sweetened offer worth $5.14 billion excluding debt, or $145 per share. Tech Data had struck a […]
The U.S. economy grew more quickly than expected in the three months through September, according to new figures published by the Commerce Department on Wednesday. Gross domestic product increased at a 2.1 percent annualized rate, […]
Rather than implementing a wealth tax, the U.S. should be focusing its efforts on fixing “income insufficiency,” said Stephen Schwarzman, the billionaire co-founder of investment powerhouse Blackstone. “What we have now is a significant group […]
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