Fed Beige Book says contacts report ‘solid’ holiday sales and have ‘modestly favorable’ expectations about 2020

2020-01-15

Getty Images People with shopping bags walk down the sidewalk during the Christmas holiday season last month. The outlook: Economic activity continued to expand “modestly” over the last six weeks of 2019, according to the Federal Reserve’s Beige Book, released Wednesday. Two districts: Richmond and Dallas, reported growth at above-averageRead More →

Why UBS thinks Amazon shares are headed to $2,100

2019-12-19

The headlines are all about President Donald Trump’s impeachment, but the stock markets don’t care. And unless investors begin to think a Republican-controlled Senate will vote to remove him, that attitude won’t change. With just eight trading days left to go in the year, it’s tough to get markets excitedRead More →

USMCA trade deal is ‘within range,’ Pelosi says

2019-12-09

Associated Press House Speaker Nancy Pelosi said Monday night that great progress has been made on a new North American trade pact. House Speaker Nancy Pelosi said great progress has been made on reaching a deal over the U.S.-Mexico-Canada Agreement, but final details for the trade pact were still beingRead More →