With the S&P 500 back in correction territory on Tuesday, one trader says this could be a sign of trouble to come for the market. Todd Gordon of TradingAnalysis.com said that while stocks have seen a “nice bounce” off the December lows — the S&P is up 12 percent since […]
FAN Editor
Economy may be at slowest pace of Trump term, but recession is not likely this year — economists
The U.S. economy is likely growing at the slowest pace since President Donald Trump took office, but it is not yet heading for a recession as some fear, economists said Worries about a global recession were fed this week by the 2018 GDP report from China, showing the slowest annual […]
Stocks making the biggest moves after hours: IBM, Capital One and more
Check out the companies making headlines after the bell: Shares of IBM jumped as much as 7 percent in after hours trading following the release of their better-than-expected fourth-quarter earnings on Tuesday. The company beat on its top and bottom lines. Quarterly revenue was $21.76 billion vs. the $21.71 billion […]
GM acknowledges shockingly racist incidents at Ohio plant
Chicago — General Motors said it is urgently working to identify which of its employees turned a Toledo plant into a cesspool of racism. African American workers allege they were routinely disparaged, not only with the n-word but with nooses, swastikas and “whites only” signs on bathroom doors. GM’s admission […]
USDA calls 9,700 workers back from furlough without regular pay amid shutdown
The U.S. Department of Agriculture announced Tuesday that it will reopen all Farm Service Agency offices nationwide, temporarily calling nearly 10,000 furloughed federal employees back to work even as the longest-ever government shutdown dragged on. The employees, whose local and state offices had been largely shuttered when a quarter of […]
Trump aide Kudlow says GDP damage from shutdown is temporary: ‘You will see a snapback’
The Trump administration expects the partial government shutdown to hit gross domestic product growth, but thinks the economy will bounce back quickly after it ends, White House economic advisor Larry Kudlow said Tuesday. The closure, which started on Dec. 22, is in its 32nd day. About 800,000 federal workers have […]
Trump aide Kudlow says GDP damage from shutdown is temporary: ‘You will see a snapback right away’
The Trump administration expects the partial government shutdown to hit gross domestic product growth, but thinks the economy will bounce back quickly after it ends, White House economic advisor Larry Kudlow said Tuesday. The closure, which started on Dec. 22, is in its 32nd day. About 800,000 federal workers have […]
Could the fate of Brexit could come down to a “people’s vote”?
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Senate will vote Thursday on competing GOP and Democratic bills to end shutdown
The nation returned on Tuesday from a holiday weekend to a government still partially shut down, 32 days after the costly political impasse began. But there will be movement in the Senate in the coming days following an announcement by President Donald Trump over the weekend that would trade protections […]
Trump preparing two State of the Union speeches for different audiences: Sources
President Donald Trump is preparing for two different State of the Union speeches – one a more traditional address delivered to Congress in the House chamber or some other location in D.C., the other prepared for a political rally at a location outside of Washington, D.C. that has yet to […]