Business Maverick: Friday: Five Things You Need to Know to Start Your Day

The Trump administration is prepared to keep negotiating with China for weeks or even months to reach a trade deal that will ensure the world’s second-largest economy improves market access and intellectual-property policies for U.S. companies, White House economic adviser Larry Kudlow said in a speech in Washington on Thursday. U.S.

May Gambles on Last-Ditch VoteTheresa May is making a desperate push to get her Brexit deal approved in Parliament to avoid a huge delay to Britain’s divorce from the EU, even though she’s facing what seem to be impossible odds. British members of Parliament, who have twice rejected May’s deal, will be asked to approve the Withdrawal Agreement in a vote Friday, House Leader Andrea Leadsom said. But the British prime minister has so far failed to win over enough of her allies to support the deal.

U.S. Growth CoolsU.S. economic growth cooled by more than initially reported in the last quarter of 2018, signaling mounting challenges to expansion. Gross domestic product grew at a 2.2 percent annualized rate, Commerce Department data showed Thursday, less than the initial 2.6 percent reading and projections for a revision of 2.3 percent. Consumer spending, the biggest part of the economy, grew at a downwardly revised 2.5 percent pace that also missed projections.

Stocks Rise, Dollar ClimbsAsian stocks looked set to edge higher at the open in the wake of gains in the U.S. The S&P 500 Index remained on track for its best quarter since 2009, with commodity and financial shares leading the advance on Thursday. The gauge briefly fell after White House economic adviser Larry Kudlow said the Trump administration is prepared to keep negotiating with Beijing for weeks or even months.

China’s $13 Trillion Debt Market Goes GlobalFrom next week, China’s domestic bond market will see some of its securities included in benchmark global indexes for the first time. And global investors in the $13 trillion market will be a powerful new ally for China’s central bank chief, who spoke recently about the limits to support in his nation for financial liberalization.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Five Things You Need to Know to Start Your DayAll Brexit models rejected, Facebook tackles racism and things are looking up for China's economy. Here are some of the things people in markets are talking about.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business: Five Things You Need to Know to Start Your DayBrexit’s path keeps getting muddier, Trump’s fiasco over North Korean sanctions, Apple loses patent ruling. Here are some of the things people in markets are talking about.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick Friday Cartoon: Good Moody, Bad Moody
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK ANALYSIS: US Federal Reserve and a new normal for global monetary policyBUSINESS MAVERICK ANALYSIS: US Federal Reserve and a new normal for global monetary policy By Sharon Wood
Source: dailymaverick - 🏆 3. / 84 Read more »

MAVERICK BUSINESS ANALYSIS: South Africa’s enterprise sector critically illThe parlous state of the enterprise sector in SA can be seen in dismal company income tax receipts over the past five years, which are declining and very heavily weighted in favour of large companies. The decline in profitability means 74% of all companies pay no tax at all and the vast majority of company tax receipts come from just 0.09% of SA’s corporates.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK OP-ED: Why do financial markets overreact to bad news?We live in the era of the 24-hour news cycle. Corporate issues make the headlines and then rumbleon and on, taking new turns and causing more damage as company responses are analysed in minute detail. Sometimes, major incidents beget huge crises where significant investor responses are justified. In others, we often get the feeling that markets go over the top.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK : China and the US: Xi and Trump miss their chance for meaningful trade reformsWhile Chinese President Xi Jinping appears to care only about maintaining political control, US President Donald Trump seems to care only about himself.
Source: dailymaverick - 🏆 3. / 84 Read more »