Republicans seek to alarm Trump’s base in midterm campaign ads

Bill Clark | CQ-Roll Call Group | Getty Images Rep. Duncan Hunter, R-Calif., arrives for the House Republican Conference meeting on Wednesday, Sept. 26, 2018.  If you believed 2016 candidate Donald Trump, you could hardly have expected what you're hearing in 2018 campaigns – from fellow Republicans or the president himself. Candidate Trump promised to…

DowDuPont tumbles after reporting $4.6 billion impairment charge

DowDuPont shares fell more than 6 percent during after-hours trading Thursday as the company faces a $4.6 billion impairment charge. The chemical company's $4.6 billion charge is related to goodwill and other assets of its agriculture reporting unit, Reuters reported Thursday. Decreases in commodity prices and higher-than-anticipated industry grain inventories are expected to impact farmers'…

PayPal earnings beat: 58 cents per share, vs 54 cents expected EPS

PayPal reported third-quarter earnings and revenue that topped Wall Street estimates on Thursday, and saw a surge in payment volume for its peer-to-peer payment app Venmo. Here's how the company did compared with what Wall Street expected: Earnings: 58 cents vs. 54 cents per share, forecast by Refinitiv. Revenue: $3.68 billion vs. $3.66 billion, forecast…

Goldman CEO Solomon says part of October’s market sell-off driven by programmatic trading

Goldman Sachs CEO David Solomon said Thursday that he believes part of October's steep stock sell-off was the result of programmatic trading. "There's no question when you look at last week, some of the selling is the result of programmatic selling because as volatility goes up, some of these algorithms force people to sell," Solomon…

Larry Kudlow: China ‘has not responded positively to any of our asks’ in US...

Larry Kudlow, the director of the National Economic Council, went after China on Thursday for digging in its heels in trade talks with the U.S. "They are unfair traders. They are illegal traders. They have stolen our intellectual property," Kudlow said at the Detroit Economic Club on Thursday. "China has not responded positively to any…

China’s stock market is getting pummeled and history shows that is bad news for...

When China's stock market falls sharply, there's a good chance U.S. stocks — and some big blue chip names like Goldman Sachs and Caterpillar — go down with it. The Shanghai Composite Index plunged 2.9 percent Tuesday, sending negative ripples through world markets. China stocks are now down 12 percent in October and 26 percent…

Gary Cohn: President Trump shouldn’t comment on independent agencies like the Fed

President Donald Trump shouldn't be criticizing independent federal agencies like the Federal Reserve, his former top economic advisor said Thursday. As the latest former official to speak about Trump's verbal barrage against the central bank, Gary Cohn said the president's job is to appoint the officials who make policy and then let them do their…

Dow drops 350 points on fears about rising rates, slowing China economy

Stocks fell sharply on Thursday, continuing its October struggles. The Dow Jones Industrial Average dropped 360 points, led by declines in Caterpillar and Apple. The S&P 500 fell 1.5 percent as the communications and tech sectors lagged. The Nasdaq Composite pulled back 2 percent. Overseas, China's Shanghai Composite dropped fell sharply. Among the reasons for…

Two-year Treasury yield jumps above 2.9% to highest since June 2008

Bond investors have underscored robust economic data, moderate inflation and a glut of debt issuance as reasons for the rising rates in recent weeks. Recent jobs reports, for example, suggest that the labor market is near or beyond full employment and show that average hourly earnings are starting to trend higher. That could be a…

Greenspan says that before Trump other presidents criticized Fed policy ‘all the time’

President Donald Trump's emphatic criticism of the Federal Reserve's interest rate actions really aren't so different from what his other recent predecessors have done, according to remarks Thursday from former central bank Chairman Alan Greenspan. Asked if he ever received input from any of the four presidents under whom he served, Greenspan said it happened…

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