Orders for long-lasting U.S. factory goods declined for the second straight month in May, as demand for cars, metal products and aircraft fell. The Commerce Department said Wednesday durable goods orders—items meant to last at least three years, from washing machines to tractors—dropped 0.6% last month. That followed a steeper drop of 1% in April. […]
As trade tensions continue to heat up, now is the time for investors to carefully consider whether their portfolios are well-positioned. Read: Are your clients at risk from protectionism? Experts weigh in “There really hasn’t been any major asset class or any part of the world [that U.S. President Donald] Trump hasn’t spoken out against […]
Hey Alexa, what’s my bank account balance? Big banks and financial companies in the U.S. have started to offer banking through virtual assistants—Amazon’s Alexa, Apple’s Siri and Google’s Assistant—in a way that will allow customers to check their balances, pay bills and, in the near future, send money just with their voices. And with the […]
"It’s getting a lot more complicated on the geopolitical front," the bank says
What to expect from the Fed, BoE and ECB
Forecast increases from 3 rate hikes previously. Find out why
U.S. consumer prices rose 0.2% in May, with surging gasoline costs driving much of the increase. The Labor Department said Thursday that the consumer price index climbed 2.8% last month from a year earlier, putting inflation on its fastest annual pace since February 2012. But core prices—which exclude the volatile food and energy categories—have risen […]
As a result of rising exports and declining imports, Canada’s merchandise trade deficit with the world narrowed to $1.9 billion in April from $3.9 billion in March, reports StatsCan. The deficit was lower than economists had expected. Canada’s exports rose 1.6% to a record $48.6 billion in April. Imports were down 2.5% to $50.5 billion, […]
U.S. employers extended a streak of solid hiring in May, adding 223,000 jobs
The U.S. economy grew at a weaker 2.2% annual rate in the first three months of the year, as consumers and businesses slowed their spending. But given the economy’s recent performance, analysts are still looking for a solid rebound in the current quarter. Growth in the gross domestic product, the economy’s total output of goods […]