Updated 8:49 am PST, Wednesday, December 26, 2018 FILE - In this Dec. 24, 2018, file photo, discount placards stand in the window of a clothing store as last-minute shoppers finish up their Christmas gift lists at the Cherry Creek Mall in Denver. Americans buoyed by a strong economy pushed holiday sales growth to a six-year high. less FILE - In this Dec. 24, 2018, file photo, discount placards stand in the window of a clothing store as last-minute shoppers finish up their Christmas gift lists at the Cherry Creek Mall in Denver. Americans ... more Photo: David Zalubowski, AP Photo: David Zalubowski, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE - In this Dec. 24, 2018, file photo, discount placards stand in the window of a clothing store as last-minute shoppers finish up … [Read more...] about A strong economy translates into big sales this holiday
Economy
Brexit uncertainty and extreme weather cause year of highs and lows for economy
Brexit uncertainty and extreme weather cause year of highs and lows for economy BelfastTelegraph.co.uk Extreme weather and Brexit uncertainty buffeted the UK economy in 2018, with business investment grinding to a halt and consumer spending fizzling out as political storm clouds gathered. https://www.belfasttelegraph.co.uk/business/uk-world/brexit-uncertainty-and-extreme-weather-cause-year-of-highs-and-lows-for-economy-37658188.html https://www.belfasttelegraph.co.uk/business/uk-world/article37658184.ece/94ff6/AUTOCROP/h342/bpanews_42f250c2-6840-4ddb-8f9f-6c4ef2f6ddda_1 Email Extreme weather and Brexit uncertainty buffeted the UK economy in 2018, with business investment grinding to a halt and consumer spending fizzling out as political storm clouds gathered. The year started with a snow-hit first quarter as the Beast from the East took its toll in February and March, only for Britain to find itself melting in a prolonged summer heatwave just a few months later. But … [Read more...] about Brexit uncertainty and extreme weather cause year of highs and lows for economy
Growth looks to be slowing worldwide, but White House denies US economy has peaked
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By David J. Lynch Washington Post December 26, 2018 WASHINGTON — A global economy that until recently was humming has broken down, a sharp contrast to the picture just a year ago, when the world was experiencing its best growth since 2010 and seemed poised to do even better.US builders are erecting fewer single-family homes. German factories are sputtering. In China, retail sales are growing at the slowest pace in 15 years.The sudden slowing has fed into a global financial sell-off that has driven several US stock indexes into or near ‘‘bear market’’ territory with losses of more than 20 percent. Stocks fell sharply Monday near the end of what is shaping up to be Wall Street’s worst December since 1931. Advertisement The turmoil was on President Trump’s mind Christmas Day, when he cast fresh doubt on the record of the … [Read more...] about Growth looks to be slowing worldwide, but White House denies US economy has peaked
Fed is the ‘only problem our economy has,’ Trump declares
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Josh Boak Associated Press December 24, 2018 President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell’s job as Fed chairman was safe.The only problem our economy has is the Fed. They don?t have a feel for the Market, they don?t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can?t score because he has no touch - he can?t putt!— Donald J. Trump (@realDonaldTrump) December 24, 2018 On Wall Street, stocks had already been down but intensified their fall after Trump’s tweet. Markets are facing their worst month in a decade over fears about a U.S. trade war with China, a slowing global economy and chaos in the Trump White House. By the close of … [Read more...] about Fed is the ‘only problem our economy has,’ Trump declares
Strong economy vs. shaky leadership: What does that mean for 2019?
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Neil Irwin New York Times December 25, 2018 NEW YORK — Sometime in the last couple of months, predictions of a major economic downturn or recession in 2019 went from being a crank view to the conventional wisdom.It is true that the global economy is sputtering and that the stock market is in its worst pullback in a decade, with the S&P 500 down more than 19 percent since Sept. 20, as of Monday’s close. But this sense of gloom and pessimism has gotten ahead of the facts on the ground, especially concerning the US economy.The real risk is not that insurmountable challenges knock the economy off course. It is that poor leadership converts moderate economic shocks into a crisis. Advertisement The combination of erratic behavior from the president and a thinly staffed government in the United States, the potential crises facing other major … [Read more...] about Strong economy vs. shaky leadership: What does that mean for 2019?