Focus Washington - Page 25 of 49 from

Saudi Crown Prince Barrels Ahead With Big Projects to Boost Economy

August 27, 2020 Focus Washington

Saudi Arabia is pushing ahead with multibillion-dollar plans to build a spate of new cities despite the coronavirus pandemic and depressed oil prices, betting that projects closely associated with the crown prince will kick-start its […]

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Economists Offer Bleak View of Trump’s First Term, Citing Deglobalization Trends and ‘Protectionism’

August 25, 2020 Focus Washington

The Republican National Convention kicked off on Monday, giving party leaders a chance to showcase what they see as the biggest victories of President Donald Trump’s first term, CNBC writes. CNBC sat down with several […]

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Powell Set to Deliver ‘Profoundly Consequential’ Speech, Changing How the Fed Views Inflation

August 25, 2020 Focus Washington

History will remember Paul Volcker and Jerome Powell as standing on the opposite ends of the inflation canyon, with the former taking desperate actions to try to tamp it down and the latter expected this […]

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TikTok to Challenge Trump’s Executive Order

August 24, 2020 Focus Washington

TikTok said on Saturday it plans to file a lawsuit on Monday against President Donald Trump’s executive order prohibiting transactions with the popular short video app and its Chinese parent ByteDance, confirming an earlier Reuters […]

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U.S. Stock Futures Rise as Wall Street Tries to End a Record-Setting Week on a High Note

August 21, 2020 Focus Washington

U.S. stock futures rose early Friday morning as traders were set to end a week which saw the broader market reach a record level, CNBC reported. Dow Jones Industrial Average futures traded 36 points higher. […]

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US and China will meet for the first time at a high level since Russia's attack on Ukraine as Biden tries to get Beijing's help with the war.

China Offers Glimpse Into Post-Coronavirus Retail Industry, Report Shows

August 20, 2020 Focus Washington

The post-coronavirus retail industry will draw heavily from the online shopping trends already seen in China, analysts from consulting firm Bain said in a report released Thursday, CNBC writes. Asia Pacific generates about three quarters […]

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Fed Officials Expect That Coronavirus Will ‘Weigh Heavily’ on the Economy

August 20, 2020 Focus Washington

Federal Open Market Committee members expressed concern at their latest meeting over the future of the economy, saying that the coronavirus likely would continue to stunt growth and potentially pose dangers to the financial system, […]

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American, European Companies Face $1 Trillion in Costs to Relocate Their Chinese Supply Chains

August 18, 2020 Focus Washington

Foreign firms looking to move their manufacturing processes outside of China in the wake of coronavirus could face $1 trillion in costs over five years, according to new Bank of America research, CNBC reports. However, […]

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World Shares Mixed as Investors Watch Talks on U.S. Stimulus

August 6, 2020 Focus Washington

Stocks were mixed in Europe and Asia on Thursday as investors watched to see if lawmakers will come ahead with fresh stimulus for a U.S. economy struggling with shutdowns as new coronavirus outbreaks flare, The […]

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The Fed Is Expected to Make a Major Commitment to Ramping up Inflation Soon

August 5, 2020 Focus Washington

In the next few months, the Federal Reserve will be solidifying a policy outline that would commit it to low rates for years as it pursues an agenda of higher inflation and a return to […]

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U.S. Coronavirus Fraud Losses Near $100 Million as COVID Scams Double

August 5, 2020 Focus Washington

U.S. losses from coronavirus-related fraud and identity theft have reached nearly $100 million since the pandemic emerged in March, while complaints of COVID-19 scams have at least doubled in most states, a consumer protection group […]

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Trump’s Bid for a Cut of Microsoft-Tiktok Deal Could Spur Legal Action

August 5, 2020 Focus Washington

President Donald Trump’s unprecedented demand that the United States get a cut of the proceeds from the forced sale of Chinese internet giant ByteDance’s short-video app TikTok is based on an interpretation of U.S law […]

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Trump Gives Microsoft 45 Days to Clinch TikTok Deal

August 3, 2020 Focus Washington

President Donald Trump only agreed to allow Microsoft Corp (MSFT.O) to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said […]

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TikTok’s Chinese Owner Offers to Forego Stake to Clinch U.S. Deal

August 3, 2020 Focus Washington

China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban […]

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Oil Rises Further From Three-Week Lows, but Headwinds Loom

July 31, 2020 Focus Washington

Oil prices rose on Friday, after touching three-week lows in the previous session, responding to a record decline in U.S. growth as the coronavirus ravaged the world’s biggest economy and oil consumer, Reuters informed. Brent […]

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Apple’s Stock Split May Not Be Good for the Dow

July 31, 2020 Focus Washington

Apple announced a stock split on Thursday and it may not bode well for future gains in the Dow Jones Industrial Average, Reuters reported. The iPhone maker made the surprise announcement in its quarterly report, […]

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Huawei Overtakes Samsung to Be Number One Smartphone Player in the World

July 30, 2020 Focus Washington

Huawei became the biggest smartphone player in the world in the second quarter for the first time, a new report by Canalys shows, CNBC reported. The majority of sales came from China as its international […]

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China Needs ‘Explosive’ Buying to Meet U.S. Farm Import Target

July 30, 2020 Focus Washington

With nearly seven months gone, an ambitious $36.5 billion target for Chinese imports of U.S. farm goods this year may not be quite out of reach, but it’s looking like a big, big stretch, Reuters […]

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U.S. Economy Likely Suffered Historic Plunge in Second Quarter

July 30, 2020 Focus Washington

The U.S. economy likely contracted at its steepest pace since the Great Depression in the second quarter as the COVID-19 pandemic destroyed consumer and business spending, potentially wiping out more than five years of growth, […]

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Gold Prices Could Hit $3,500 in Two Years, Analyst Says

July 29, 2020 Focus Washington

The gold market is “very strong” and could hit $3,500 in two years, one analyst told CNBC. Prices have surged and reached record highs on Monday amid worries over the coronavirus pandemic and tensions between […]

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Mackenzie Scott Donates $1.7bn of Her Wealth Since Split With Jeff Bezos

July 29, 2020 Focus Washington

MacKenzie Scott, ex-wife of Amazon’s billionaire Chief Executive Jeff Bezos, has donated $1.7 billion of her wealth in the past year to causes including racial equality, LGBTQ rights, public health and climate change, she said […]

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Gold Prices Surge to Record High Amid Coronavirus Worries, U.S.-China Tensions

July 27, 2020 Focus Washington

Gold touched record prices as worries over issues such as the coronavirus pandemic as well as U.S.-China tensions weighed on investor sentiment, CNBC reported. Spot gold traded up more than 2% at about $1,941.11 per […]

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Fed Meeting Expected to Leave U.S. Bond-Stock Relationship Out of Whack

July 27, 2020 Focus Washington

The Federal Reserve’s whatever-it-takes approach to stave off economic calamity has kept interest rates near zero and helped drive U.S. stocks back to pre-pandemic record levels, while weakening the usual dynamic between safe-haven U.S. Treasuries […]

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Coronavirus Could Have Bigger Impact on Markets in Short Term Than U.S.-China Tensions

July 24, 2020 Focus Washington

The economic impact of the coronavirus matters more for the markets than the bilateral tensions between the U.S. and China, a portfolio manager said on Friday, CNBC reported. The relationship between the world’s top two […]

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Market Risks Are Rising as U.S., China Tensions Escalate Toward New Cold War

July 23, 2020 Focus Washington

The growing divide between China and the U.S. is expected to accelerate, disrupting long-running economic ties and forcing investors to reassess their view of global markets, CNBC reported. Tensions escalated this week after the U.S. […]

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U.S. Dollar ‘Hanging by a Thread’ as Coronavirus Cases Grow

July 23, 2020 Focus Washington

A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency, Reuters informed. The buck is […]

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Saudi Arabia Rules Out Austerity Measures to Fight Virus

July 23, 2020 Focus Washington

Saudi Arabia will not enter a new “age of austerity” because of the twin hits to its economy from the COVID-19 pandemic and the fall in oil prices, Finance Minister Mohammed Al-Jadaan pledged on Wednesday, […]

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Stock Futures Jump After a Strong Tech Rally on Wall Street

July 21, 2020 Focus Washington

Stock futures pointed to opening gains on Tuesday after a strong performance in technology shares pushed the S&P 500 in positive territory for the year, CNBC writes. Dow Jones Industrial Average futures implied a gain […]

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Saudi Arabia Leads G20 Drive to Bounce Back From Virus

July 19, 2020 Focus Washington

Saudi Arabia led the major economies of the G20 on Saturday in pledging to use “all available policy tools” to combat the coronavirus pandemic and boost the global economy, Arab News reported. After a virtual […]

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China’s Banks Brace for More Bad Loans as Coronavirus-Hit Economy Slows

July 17, 2020 Focus Washington

Chinese banks have so far emerged relatively unscathed as the coronavirus pandemic hit economies around the world — but that could change in the coming months. Rising bad loans are set to squeeze margins and […]

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