WASHINGTON — The Trump administration is planning a series of actions this week targeting China’s trade, cyber and economic policies, bringing together the work of a handful of federal agencies as part of a longer-term strategy to keep pressure on Beijing, according to senior administration officials. The moves, which have been contemplated for months and…
WASHINGTON — President Trump on Tuesday said the United States and China were having “very productive conversations” as top American and Chinese officials held their first talks since the two countries agreed to a 90-day trade truce earlier this month. The Chinese Commerce Ministry announced that Liu He, China’s economic czar, took part in a…
WASHINGTON — President Trump is expected to nominate Mark Calabria, the chief economist for Vice President Mike Pence, to run the government agency overseeing the mortgage giants Fannie Mae and Freddie Mac, according to two White House officials. Mr. Calabria, who is being eyed to run the Federal Housing Finance Agency, is a longtime critic…
4. China You know who has racked up even more debt than hopeful 20-something ceramics-studies grads in the United States? Here’s a hint: It’s a not-exactly-Communist country in Asia that has been on such a wild debt-fueled building spree that it somehow used more cement in just three years earlier this decade than the United…
Days after the Canadian authorities arrested one of China’s leading technology executives at the behest of Washington, Cisco warned some employees that China might return the favor. In an email with the subject line “Travel Restriction to China,” the Silicon Valley networking giant cautioned employees against nonessential travel to China “due to recent events.” Cisco…
The stock market has mirrored those concerns since the summer. Shares of carmakers and auto-parts manufacturers are down more than 25 percent this year. Shares of homebuilders have slumped nearly 30 percent. And investors are growing more concerned about the outlook for corporate profits next year, despite third-quarter results that showed that profits at S&P…
When a trade war broke out between the world’s two largest economies in June, investors barely blinked. After the Federal Reserve raised interest rates — often a reason for investors to sell stocks — the markets kept climbing. As some of the world’s largest economies began to slow down, American markets largely shrugged it off.…
When a trade war broke out between the world’s two largest economies in June, investors barely blinked. After the Federal Reserve raised interest rates — often a reason for investors to sell stocks — the markets kept climbing. As some of the world’s largest economies began to slow down, American markets largely shrugged it off.…
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After another week of exceptional volatility on Wall Street that has pummeled stock portfolios, there are two closely related questions worth asking. First, why is this happening when the economy is so strong? The November jobs numbers released Friday showed the unemployment rate remains at a rock-bottom 3.7 percent amid healthy job creation, just the…