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| July 18, 2018

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economy Archives -

Federal Reserve says U.S. economy is in a sweet spot despite the trade war

July 14, 2018 |

The U.S. economy is in a sweet spot where it’s growing but not overheating, the Federal Reserve said Friday in its latest official report to Congress.

Growth is solid, unemployment is low and price increases are modest, the Fed said. The only real notes of caution in the 63-page report were sharply…

L.A. Times – Business

Businesses hiked spending after the tax bill, but the U.S. economy still awaits that promised big boost

June 11, 2018 |

Southern California biotech giant Amgen Inc. opened its first state-of-the-art factory in Singapore in 2014 and executives were preparing late last year to pick the spot for a second one.

Then they hit the pause button.

Congress was closing in on a sweeping $ 1.5-trillion Republican tax bill with…

L.A. Times – Business

What’s a stock worth? In the new economy, traditional accounting has its critics

June 10, 2018 |

On paper, Autodesk Inc. is a bit of a mess. It’s been losing money for almost three years, and its book value — what’s left if you sell off the assets and repay debt — is negative. Yet over the last year, the stock has gained 23%, almost double the S&P 500.

With its sky-high valuation, the software…

L.A. Times – Business

Fed on track to raise interest rates in June on belief economy remains in good shape

May 23, 2018 |

Federal Reserve officials believe the economic outlook warrants another interest rate hike “soon” but signaled they would allow inflation to go modestly above their 2% target — indicating they’re in no rush to raise rates more aggressively.

That was the takeaway from the minutes released Wednesday…

L.A. Times – Business

German Economy Loses Luster as Global Tensions Bite

May 16, 2018 |

Europe’s largest economy cooled sharply in the first quarter amid a drop in government spending and weak exports – a sign that a stronger euro and global tensions are beginning to leave a mark on the German economy. What’s News Europe