Medley Global Advisors: Biggest risk to the US market is a surprise Fed rate hike as economy improves
Economy

Medley Global Advisors: Biggest risk to the US market is a surprise Fed rate hike as economy improves

According to a major Wall Street firm, the best investment opportunities may be thousands of miles away. Medley Global Advisors’ Ben Emons said, the upside potential is larger in Europe and Asia than in the United States. This assessment is not coming because he sees the American economy barreling toward trouble as a sluggish earnings […]

In a Rare Move, Draghi Sounds Concern Over Fed's Independence
Economy

In a Rare Move, Draghi Sounds Concern Over Fed’s Independence

In a very rare step, Mario Draghi, President of the European Central Bank, commented on the debate over whether President Donald Trump is undermining the independence of the Federal Reserve. Speaking at the International Monetary Fund meetings in Washington on Saturday, Draghi said that he is worried about central bank independence and that too in […]

Economy

Trade Delegation from U.S. to travel to China next month.

A U.S. government delegation will travel to Beijing in the second week of 2019 to hold talks with Chinese officials. Deputy U.S. Trade Representative Jeffrey Gerrish will lead the Trump administration’s team which will also include Treasury Under Secretary for International Affairs David Malpass, Bloomberg said. In recent weeks, U.S. and Chinese officials have spoken […]

Strong American Economy Pushed Holiday Sales Growth To A Six Year High
Economy

Strong American Economy Pushed Holiday Sales Growth To A Six Year High

America’s strong economy translated into big sales this holiday, pushed holiday sales growth to a six-year high. Total sales topped $850 billion for Mastercard this year. According to Mastercard SpendingPulse, retail sales rose 5.1 percent between Nov. 1 and Dec. 24 from a year ago, which tracked spending online and in stores across all payment types, […]

Policy Makers faces stern test to form plan for 2019 as China's Economy is still on a decline
Economy

Policy Makers faces stern test to form plan for 2019 as China’s Economy is still on a decline

Policy makers in China is facing a challenging backdrop who gather next week to set the tone for the year at their annual Economic Work Conference in Beijing as China’s economy slowed again in November as retail sales and industrial production weakened. Retail sales — formerly a pillar of support for the economy — posted […]