United States President-elect Donald Trump has not asked former Trade Representative Robert Lighthizer to return to that agency that oversees trade policy in his new administration, contrary to a report from the Financial Times (FT), two sources familiar with the matter said. He FT reported earlier that Lighthizer had been asked to direct Trump’s trade … Read more
U.S. consumer confidence hit a seven-month high in early November, with a measure of households’ future expectations reaching its highest level in more than three years, a survey showed on Friday. The University of Michigan’s consumer confidence index rose to 73.0 this month, the highest level since April, from 70.5 in October. The result exceeded … Read more
The trade policies proposed by Donald Trump, the next president of the United States, such as the application of blanket tariffs on imports, are likely to be more disruptive, increase risks to global growth and could lead to retaliation from trading partners, warned the Moody’s rating agency. In their analysis titled: Trump’s presidency will change … Read more
Washington. U.S. employment data was hit hard by strikes and hurricanes in October, which could weigh on Democrats four days before a particularly tight presidential election, despite a stable unemployment rate at 4.1 percent. Job creation fell sharply, according to Department of Labor data released this Friday. The world’s largest economy added just 12,000 new … Read more