We cover the major U.S. Politics stories to keep you updated on any potential economical shifts in the markets.
By CCN Markets: As we expected, President Trump didn't wait for long before quashing the stock market rout. Rather than a tweet, the president engaged with the media, informing them that rather than spoil Christmas he was going to delay the China tariffs. That was smack in the middle of the trading day, and the major indices too the cue, with the Dow Jones, S&P 500, and Nasdaq all pushing...
Democratic presidential hopeful Andrew Yang received an unexpected, though terse, endorsement on Saturday, scoring the support of none other than Tesla CEO Elon Musk. I support Yang — Elon Musk (@elonmusk) August 10, 2019 That’s right, the con-man extraordinaire himself tweeted out his support for the venture capitalist’s presidential run. Andrew Yang's 2020 Democratic Presidential Primary...
Whether or not the U.S. economy is headed for a recession depends on who you ask. Wall Street firm Bank of America believes that the chances of a recession just went up. Meanwhile, economist Stephen Moore reportedly says that the economy is experiencing "short term pain for long-term gain," according to Fox Business. In the end, the reality probably lies somewhere in the middle, as the U.S...
Bernie Sanders may not be the president you want, but he's absolutely the president you need. That is, if you're holding onto hope that one day soon someone will expose all of Area 51's dirty secrets. President Bernie Sanders Will Tell Us All About the UFOs Sanders went on the wildly popular Joe Rogan Experience podcast yesterday to discuss various topics surrounding his presidential campaign. At...
The US stock market looks set to open in positive territory on Wednesday as Dow futures pump 100 points higher in early trading. Despite the bounce, experts are increasingly nervous about flared tensions between Trump and China. Lawrence Summer, former US Treasury Secretary and White House advisor, said the threat of recession has magnified since May’s trade deal breakdown. “[Chance of recession...
Goldman Sachs is no longer confident that a U.S.-China trade deal will be on the table before the 2020 election. Trade tensions between two of the largest global economies took a devastating turn over the last few days. This came after negotiations between the two countries broke down. This is not good news for President Trump. The Trump administration moved to impose 10% tariffs on $300 billion...
After the Dow shed almost 1,000 points on Monday, stock market futures point to a slight recovery on Wall Street this morning. Tuesday’s bounce, however, is tainted by the Treasury’s recession indicator which plunged to a level not seen since before the 2008 financial crisis. As the trade war between China and the US escalates, the recession alarm is screaming. Dow rebounds after 2019’s worst day...
The United States is still in shock following two deadly mass shootings in Texas and Ohio. A lone shooter, identified by authorities as a 21-year old white male, opened fire inside a Walmart store in El Paso, Texas killing 20 people. Thirteen hours later, another mass shooting was reported in Dayton, Ohio, killing nine. Police are treating the El Paso shooting as an act of "domestic terrorism...