Economist says US recession not on immediate horizon

Americans like to spend money, which helps the economy William Foster, Moody’s Vice President, says 70 percent of the economy is based on consumption. Recession fears continue to grow as economic indicators appear to be pointing to a slowing global economy. Continue Reading Below While the U.S. economy remains relatively healthy, there are worries over the news earlier this week that the […]

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These homeowners are putting a floor under house prices

Don’t miss these top money and investing features: Stories resonating with MarketWatch readers this week include a look at what’s been keeping the U.S. housing market afloat. Unlike the real-estate bubble in the mid-2000s, price gains nowadays are largely due to yield-seeking investors buying homes they can rent. This is putting a floor under home prices — for now. Also, […]

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Dow rises 300 points after bruising week

Hopes of more official stimulus for the economy and the easing of a bond market rally drove a broad rise in stocks on Friday, as a bruising week for markets drew to a close. Wall Street’s three main indexes are down at least 1.5 percent since last Friday, on track to rack up their third consecutive week of losses, as […]

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Brazil's government considers intervention in Oi -report

SAO PAULO, Aug 16 (Reuters) – The Brazilian government is considering intervention in telecommunications carrier Oi SA , as the company struggles to recover since it filed for bankruptcy protection in June 2016, newspaper O Estado de S. Paulo reported on Friday. Brazilian telecoms regulator Anatel fears an interruption of Oi services next year, Estado reported, without saying how it […]

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Thailand deliberating billions of dollars in stimulus package

BANGKOK – The new Thai government is lining up a $14 billion stimulus package to boost the sluggish economy. The package includes 57 billion baht (S$2.56 billion) in agricultural subsidies, welfare and cash benefits for low-income earners and a 1,500 baht handout to every domestic tourist, said Finance Minister Dr Uttama Savayana in a Facebook post. Thailand’s four million rice-farming […]

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Investors who want to buy sports teams look to Europe, not the U.S.

Former Microsoft CEO Steve Ballmer made waves in 2014 when he jumped out of retirement and purchased the NBA’s Los Angeles Clippers for a reported $2 billion. Since then, he’s probably best known for jumping up and down on the sidelines at Clippers games and telling reporters that he doesn’t expect the team to make a lot of money. Financier […]

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JGB rally stalls as risk aversion lessens

TOKYO, Aug 16 (Reuters) – Japanese government bond prices were flat to a touch lower on Friday, with the safe-haven debt market’s rally stalling as risk aversion in the broader markets ebbed, allowing equities to bounce back. The benchmark 10-year JGB yield was unchanged at minus 0.240%. It dropped earlier in the day to minus 0.255%, its lowest since July […]

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U.S. Homebuilder Confidence Unexpectedly Improves In August

Despite rising construction costs, a chronic shortage of workers and a lack of buildable lots, the National Association of Home Builders released a report on Thursday showing an unexpected uptick in U.S. homebuilder confidence in the month of August. The report said the NAHB/Wells Fargo Housing Market Index inched up to 66 in August after ticking up to 65 in […]

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Public-private partnership needed to address infrastructure financing challenges: Indranee

SINGAPORE – The current rate of public sector financing for infrastructure projects is insufficient and unsustainable for Asia’s significant growing infrastructure needs, said Minister in the Prime Minister’s Office Indranee Rajah on Friday (Aug 16). Government financing accounts for 90 per cent of infrastructure expenditure in Asia, compared to 70 per cent in emerging markets and 40 per cent worldwide, […]

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