Traders believe the risk of fast-rising interest rates hurting the USA economy and the stock market is now on the downside after Powell said monetary policy rate is now "just below" estimates of a level that neither brakes nor boosts a healthy economy.
Volvo recently announced a reduction to its hiring plans and scaling back on the auto company's new assembly plant near Charleston, South Carolina, as a result of the impending higher auto tariffs. This week, the motor vehicle manufacturer announced its plans to lay off 15 percent of its salaried workforce (up to 14,000 employees) and close five plants in the United States and Canada.
Prices are not so high that they are a burdensome tax on consumers and businesses and not so low as to bankrupt energy companies. The price of oil has fallen by just over a fifth since the end of October and by almost a third over the past two months, in declines not seen since 2008.
Money obtained illegally may have been transferred to accounts at Deutsche Bank , which failed to report the suspicions that the accounts may have been used to launder money, Frankfurt prosecutors said . Denmark's state prosecutor on November 28 filed preliminary charges against Danske for alleged violations of the country's anti-money laundering act in relation to its Estonian branch.
Trump and Chinese President Xi Jinping will meet for the first time since Washington imposed tariffs on $250 billion in Chinese imports and China retaliated with its own measures. In that interview , he suggested, as he has previously, that China is desperate to make a deal while the United States has little incentive to do so: "I think that China wants to make a deal very badly".
A first: HoloLens is used for training by the United States and Israeli military already, but this would be the first time it's been used for live combat. The Department of Defense expects Microsoft to deliver at least 2,500 units within the next two years along with a promise for full-scale production.