Hard hitting global and local news
89% of companies taking a stand on Trump’s tariffs are complaining. Consumers are taking it on the chin as well.
October has been a terrible month for equities. Yet, this is only a start of what’s to come.
Despite mounting repercussions of Trump’s misguided trade war, insiders suggest the trade wars are just starting.
The housing data today is downright miserable. Sales plunged a whopping 5.5% from a dramatically revised lower August.
It’s been about 10 years since the last financial crisis. FocusEconomics wants to know if another one is due.
Australia’s biggest housing markets are in trouble. Supply overwhelms buyers in most major markets. Price will follow.
The budget crisis in Italy broke wide open today with a formal, unprecedented rebuke by the EU which Italy dismissed.
A lame duck session in Congress is coming up. Realistically, it will last for the rest of Trump’s term.
Eurozone officials and the ECB are in a quandary over Italy’s deliberate defiance of budget rules.
In response to a reporter’s question, Trump outlined a “major tax cut” prior to November. It’s not going to happen.