Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending, despite fears that some shoppers may be pulling back with the threat of another economic recession looming.
Bank of America CEO Brian Moynihan is not worried about a potential U.S. economic slowdown, saying the American consumer is still in a strong place and can keep the economy growing.
Amid rising fears of a recession, Domino’s Pizza CEO Ritch Allison said Tuesday that the U.S. consumer is still strong.
Former Federal Reserve Chair Janet Yellen said the markets may be wrong this time in trusting the yield curve inversion as a recession indicator.
Goldman Sachs has a new battle plan for the trade war: Buy service-providing stocks and avoid goods-producing companies.
Stocks have fallen sharply as a trade war between the world’s two biggest economies ramped up in the past week, and according J.P. Morgan, it’s a good time to start buying.
J.P. Morgan chief Jamie Dimon on Tuesday praised the strength of the U.S. consumer following the largest U.S. bank’s strong quarterly earnings report.
PepsiCo CFO Hugh Johnston said Tuesday that the snack and beverage giant still thinks the consumer economy is strong.
Attached article explains that US debt as a percent of GDP is 141%. This figure does not include entitlement spending which is not currently funded by the US government. If we add in entitlement spending deficits, US debt to GDP is over 500%. This is why entitlement reform is absolutely coming.
Chinese tech giants Huawei and ZTE both present national security risks to the United States but for different reasons, Commerce Secretary Wilbur Ross told CNBC on Tuesday.