Financial News Network - Economic News

US import prices fall; year-on-year drop largest since 2016

U.S. import prices fell for a second straight month in December as the cost of petroleum products tumbled and a strong dollar curbed prices of other goods, leading to the largest annual drop in more than two years.

Read more: https://www.cnbc.com/2019/01/16/import-export-prices-december-2018.html

Economist Ed Lazear: The stock market is the best economic indicator and it's signaling caution

"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed on interest rates.

Read more: https://www.cnbc.com/2019/01/15/ed-lazear-stock-market-best-economic-indicator-and-signals-caution.html

Trump administration doubles estimate of shutdown cost to economy: Source

The original estimate that the partial shutdown would subtract 0.1 percentage point from growth every two weeks has now been doubled.

Read more: https://www.cnbc.com/2019/01/15/source-white-house-believes-shutdown-will-be-twice-as-costly.html

'Not your grandmother's economy' — Cantor CEO Howard Lutnick says growth still has 2 years to run

The U.S. economy "feels good" and shows no sign of a recession in the next 12 months, says Lutnick, also CEO of Cantor spinoff BGC Partners.

Read more: https://www.cnbc.com/2019/01/14/cantor-ceo-howard-lutnick-says-growth-still-has-2-years-to-run.html

Gundlach's warning on 'ocean of debt' adds to worries over corporate bonds

Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem.

Read more: https://www.cnbc.com/2019/01/14/gundlachs-warning-on-ocean-of-debt-adds-to-worries-over-corporate-bonds.html

Yellen says economic uncertainty has prompted some retailers to put plans on hold

Janet Yellen, former chair of the Federal Reserve, made the comments Monday during the National Retail Federation's annual Big Show in New York.

Read more: https://www.cnbc.com/2019/01/14/some-retailers-put-plans-on-hold-amid-economic-uncertainty-yellen-says.html

OppenheimerFunds CIO: There won't be an economic recession for at least 5 years

Growing positive sentiment between the U.S. and China recently bodes well for stocks, says OppenheimerFunds' Krishna Memani.

Read more: https://www.cnbc.com/2019/01/14/oppenheimerfunds-cio-krishna-memani-no-recession-for-at-least-5-years.html

If the shutdown lasts two more weeks, the cost to the economy will exceed price of Trump's wall

It will only take another two weeks to cost the economy more than the $5.7 billion Trump demanded for the border wall.

Read more: https://www.cnbc.com/2019/01/11/shutdown-cou-mean-2-billion-less-consumer-spending-a-week-hitting-these-retailers-the-most.html

US consumer prices drop for the first time in nine months

U.S. consumer prices fell for the first time in nine months in December amid a plunge in the cost of gasoline.

Read more: https://www.cnbc.com/2019/01/10/consumer-price-index-december-2018.html

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