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Billionaire industrialist and conservative donor David Koch dies at age 79

Billionaire industrialist David Koch, a driving force behind conglomerate Koch Industries who as one of the world's richest people became a major financier of conservative causes and political candidates, has died at age 79, his brother said on Friday.



4 years ago

Wall St. opens lower on China tariff blow

Wall Street opened lower on Friday, as China revealed retaliatory tariffs against about $75 billion worth of U.S. goods that intensified trade tensions ahead of a much-anticipated speech by Federal Reserve Chair Jerome Powell.



4 years ago

China strikes back in trade dispute with U.S. with new tariffs

China unveiled on Friday retaliatory tariffs against about $75 billion worth of U.S. goods, putting an additional 10% on top of existing rates in the latest tit-for-tat exchange in a protracted dispute between the world's top two economies.



4 years ago

Navarro says China talks to continue, trade war won't slow U.S. economy

White House trade adviser Peter Navarro said on Friday he does not believe the trade war in China will cause higher prices or a slower economy in the United States.



4 years ago

China to impose extra tariffs on U.S. soy, beef and pork

China will impose an extra 5% tariff on U.S. soybeans from Sept 1, as well as additional 10% duties on U.S. wheat, corn and sorghum from Dec. 15, the Ministry of Finance said on Friday in Beijing's latest retaliatory trade measures against Washington.



4 years ago

Paul Schulte, Founder and Managing Editor, Shulte Research, Joins the National Crowdfunding & Fintech Association of Canada’s Advisory Board

About NCFA Canada | C. Asano | August 23, 2019 TORONTO, Aug 23, 2019 – The National Crowdfunding & Fintech Association of Canada (NCFA) today announced that Paul Schulte, Founder and Managing Editor of Shulte Research in Singapore, has joined the Association`s international Advisory Board to advise in the areas of Banking and Financial Services

4 years ago

Want a budget-friendly trip this fall? Follow these 10 tips

Autumn is a good time to get away. Here is some advice from experts on how to find the best deals.

4 years ago

Here's why you might want to rethink getting an adjustable rate mortgage

With recessionary fears causing longer-term interest rates to hover near or below short-term rates, the advantage that typically comes with adjustable-rate mortgages has shrunk — or entirely disappeared — at some lenders.

4 years ago

Powell says Fed will 'act as appropriate' but offers little more guidance

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.



4 years ago

China strikes back at U.S. with new tariffs on $75 billion in goods

China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world's top two economies.



4 years ago

Powell: Fed to act as appropriate to keep expansion going

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.



4 years ago

For world's central banks, a call to hang together

Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world's major economies grew closer together.



4 years ago

China's tariff blow weighs on Wall Street, Powell speech in focus

U.S. stocks fell on Friday after China threatened to impose additional tariffs on $75 billion worth of U.S. goods, ahead of a highly anticipated speech from Federal Reserve Chair Jerome Powell.



4 years ago

U.S. new home sales drop sharply, point to more housing weakness

Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market.



4 years ago

Renewed Chinese auto tariffs would cost U.S. jobs, industry coalition warns

The head of a broad coalition of Japanese, German and South Korean automakers warned on Friday that renewed punitive Chinese tariffs on U.S. autos would hurt U.S. vehicle exports to China and put U.S. jobs at risk.



4 years ago