Report: Companies ‘Squirm a Bit’ Over Trump Endorsement

President Donald Trump’s corporate endorsements make some companies “squirm a bit,” The Washington Post reported. The companies behind some of the president’s favorite products, including Sharpies, Big Macs, and Diet Cokes – and White House fast-food faves like Burger King, McDonald’s, Chick-fil-A and Wendy’s – have mostly kept the brand-conscious president at arms length, the […]

Read More

Fed’s Brainard Sees Fewer Rate Hikes

The U.S. Federal Reserve should lower its expectations for rate hikes even if its economic forecasts have not changed, because of signs of a slowdown in spending and other risks, Governor Lael Brainard said on Thursday. “Our policy goal now is to preserve the progress we have made on maximum employment and target inflation,” Brainard […]

Read More

China’s GDP Has Been Overstated by 12% Since 2008, New Report Reveals

New research released on Thursday of this week revealed that China’s economy is likely about 12% smaller than the government’s official figures indicate, validating long-standing skepticism about macroeconomic numbers coming out of Beijing. The paper, called “A forensic examination of China’s national accounts” by the Brookings Institute, was highlighted in a new FT article. The […]

Read More