Global semiconductor sales dropped 14.6% in April from April last year, to $32.1 billion, on a three-month moving average basis, the World Semiconductor Trade Statistics (WSTS) organization reported Tuesday afternoon. The three-month moving average in...
The US announcement to lay a 5% tariff on all goods coming from Mexico (starting June 10) until it stops the flow of “illegal migrants” spurred sharp losses in the Mexican peso and general risk-off...
US special counsel Mueller has said his office did not determine whether President Trump committed a crime. Mueller did say there had been a systematic attempt to interfere in the 2016 US presidential election. US...
In the first quarter, the credit-card “charge-off” rate at the 4,650 or so smaller US commercial banks – all banks other than the largest 100 banks – ticked down to 7.37%, the sixth quarter in...
Chinese exports to the US have been subject to the Trump tariffs since last July. According to the US President, this is wrecking the Chinese economy but does the Asian power ultimately have more stomach...
It looks so easy on paper. China can sell its holding of US Treasuries and/or weaken the yuan to offset the tariffs and boost exports. It is the first and easy answers from strategists, journalists,...
There were only a few formal disputes under NAFTA 1.0. It says more about the adjudication process than the underlying issues. It was not binding. The Democrats want stronger enforcement provisions in what the NAFTA...
Activity in the global capital markets is subdued as investors await fresh developments. New wording for the Irish backstop apparently is being drafted. US-China trade talks resume. No decision has been made on US auto...
A month ago, mortgages reappeared in the housing-hype circus, when it was widely reported that mortgage applications “soared” and “jumped.” Both types of mortgage applications did so: those used to purchase a home (purchase mortgages)...
Scientists were set to release a new World Magnetic Model after accelerating changes in earth’s magnetic field, but the US government shutdown has stopped them for now. Navigation as we know it could be in...
There is an eerie calm over in the capital market through the European morning today despite some ostensibly worrisome developments. While many, like ourselves, expect UK Prime Minister May to survive a vote of confidence, it...
The year 2018 was a banner year for the movie theater industry in the US. The number of movie tickets sold jumped 9.8% from the prior year to 1.35 billion tickets, according to movie data...