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News & Updates

June 20, 2019 China’s economic census uncovers more fake data as officials promise ‘zero tolerance’ to data manipulation

Source: South China Morning Post

Officials in the central Chinese city of Guanghan have been found to have gone to extraordinary lengths to manipulate raw data to obscure the real picture of the health of the economy, according to the National Bureau of...

June 20, 2019 U.S. consumer debt is now breaching levels last reached during the 2008 financial crisis

Source: MarketWatch

Ben Mohr ....calculated that total U.S. consumer debt hit $14 trillion in the first quarter of 2019, surpassing the roughly $13 trillion of leverage accumulated in credit cards, auto loans and mortgages and other debt back in...

June 20, 2019 Is China’s concern over a possible US dollar shortage risk forcing companies to sell overseas assets?

Source: South China Morning Post

China’s need for US dollars to repay debts, pay for imports and fund Belt and Road initiative projects may exceed its US$3.1 trillion in foreign exchange reserves

June 20, 2019 Senior U.S.-China trade negotiators to confer before Trump-Xi G20 meeting

Source: Reuters

WASHINGTON/BEIJING - Aiming to jumpstart dormant talks, the top U.S. trade negotiator said on Wednesday he will confer with his Chinese counterpart before next week’s meeting between President Donald Trump and Chinese President...

June 20, 2019 Fed holds rates steady, but opens the door for a rate cut in the future

Source: CNBC

A divided Federal Reserve held the line on interest rates Wednesday and indicated formally that no cuts are coming in 2019. The decision came amid divisions over what is ahead and still leaves open the possibility that policy...

June 19, 2019 Facebook's cryptocurrency could be more widely adopted than bitcoin, says analyst - video only

Source: You Tube/CNBC

Michael Levine of Pivotal Research joins CNBC's "Closing Bell" to discuss Facebook's new cryptocurrency initiative.

June 19, 2019 Why The American Shoe Disappeared And Why It's So Hard To Bring It Back

Source: NPR

For Douglas Clark, the darkest part of working for Nike in the 1980s was watching American shoe manufacturing "evaporate" in the Northeast in a mass exodus to Asia in pursuit of cheaper labor.

June 19, 2019 Why Jaguar And Land Rover Face Uncertain Futures

Source: You Tube/CNBC

Jaguar and Land Rover are two iconic automotive brands with rich heritages. They also have rocky histories of being passed between owners, with BMW owning Land Rover and Ford owning Jaguar in the 1980s. On the verge of...

June 19, 2019 Oil Prices Jump On Hopes Of End To U.S.-China Trade War

Source: Oil Price

Oil prices erased earlier losses and surged on Tuesday morning after U.S. President Donald Trump said that he would meet his Chinese counterpart next week to discuss the ongoing trade dispute, lending hope to the oil market that...

June 19, 2019 A Fed rate cut would ‘kick-start’ economic growth and lead to new market highs, Wall Street bull Tony Dwyer says

Source: CNBC

If the Federal Reserve fails to signal on Wednesday a rate cut, the June rally could hit the skids,Wall Street bull Tony Dwyer warns.

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