The self-proclaimed Democrat-socialist unseated a well established Democrat in a shocking primary upset previous year. Newly elected Rep. Alexandria Ocasio-Cortez (D-N.Y.) tried to claim this week that her infamous suggestion in 2018 that Israelis are occupying Palestine was "doctored".
Asked what would prompt another rate hike, Powell said: "I would want to see a need for further rate increases, and for me, a big part of that would be inflation". After nine increases since the end of 2015, its target for the federal funds rate - the basis for the cost of credit card borrowing and auto loans - stood at 2.25 percent to 2.5 percent, compared with 0.5 percent three years ago.
USA and Chinese negotiators start two days of high-level talks Wednesday aimed at settling a six-month trade war that has weakened both sides, shaken financial markets and clouded the outlook for the global economy. "Those are separate issues", Treasury Secretary Steve Mnuchin told U.S. media ahead of the talks. However, China can make some meaningful progress immediately to break the ice, he wrote in a report.
Niti Aayog vice chairman Rajiv Kumar , who mounted the government's defence on the jobs numbers on Friday, seemed to suggest that the numbers have to be approved by the Cabinet. And critics say the government's claims of economic success have sounded increasingly hollow. The survey is the first solid assessment of the country's employment status since November 2016, when Modi jolted the nation with demonetisation , the report stated.
Last quarter, the revenue of Alibaba , the Chinese e-commerce giant, grew at its slowest pace in a period of three years. Bloomberg analysts expected revenue of Dollars 17.77 Billion and earnings of USD 1.68 per share. E-commerce giant Alibaba reported quarterly profit far above market expectations, sending its shares up 6 percent. "Our resilient operating and financial performance is a direct reflection of our persistent focus on better serving our growing base of almost 700 million ...
They now see fourth quarter revenue at $2.20 billion compared to $2.70 billion previously. Additionally, Caterpillar shares fell almost 10% after the company reported lower-than-expected earnings for the Q4 and pointed out to weak demand from China as the primary reason.