USA Archives - Page 17 of 35

In 2025, the US economy is expected to surpass forecasts.

20Nov

By Walter ParezNo Comments

Asia, Market, USA, World

In 2025, the US economy is expected to surpass forecasts.

The world’s largest economy is forecast to outperform economist expectations again next year, according to Goldman Sachs Research. “The US economy is in a good place,” writes David Mericle, chief US economist in Goldman Sachs Research. “Recession fears have diminished, inflation is trending back toward 2%, and the labor market has rebalanced but remains strong.” Goldman Sachs Research predicts US GDP will grow 2.5% on a full-year basis. That compares with 1.9% for the consensus forecast of economists surveyed by Bloomberg. Three key policy changes following the Republican sweep in Washington are expected to affect the economy, Mericle writes in the team’s report, which is titled “2025 US Economic Outlook: New Policies, Similar Path.” Tariff increases on imports from...

Ahead of more US technology and trade restrictions, China targets vital metal exports.

18Nov

By Joe RodriguezNo Comments

Asia, China, Market, USA, World

Ahead of more US technology and trade restrictions, China targets vital metal exports.

Beijing will expand export controls on critical minerals like tungsten, graphite, and magnesium needed to make electronics, a move analysts say is in anticipation of expected sweeping US tariffs on Chinese goods and increased curbs on advanced semiconductor chips and AI technology to China following the re-election of US President Donald Trump. The restrictions also apply to specific technologies that can be used for both civilian and military purposes. China controls more than 80% of the world’s supply of tungsten and about 90% of global magnesium production, according to one official estimate; the minerals are indispensable in building defense technology, weapons, aviation equipment, and spacecraft. Washington has pushed to delink the supply chain from China ...

Malaysia and other Asian economies prepare for the effects of the Trump trade war as tariffs present both opportunities and risks.

11Nov

By Brian ThompsonNo Comments

Asia, China, Market, Singapore, USA, World

Malaysia and other Asian economies prepare for the effects of the Trump trade war as tariffs present both opportunities and risks.

Some Asian countries stand to gain if US president-elect Donald Trump pushes ahead with his promised massive tariffs on China and triggers a new wave of factory relocations to the rest of the region. But a trade war between the world’s biggest economies would also destabilise markets everywhere, with Asia — which contributes the largest share of global growth — the most affected. Trump, who won a crushing presidential victory this week, vowed during his campaign to slap 60 per cent tariffs on all Chinese goods entering the United States in an attempt to balance trade between the two nations. Analysts however question whether the new president will stick to such a high figure, and dispute the blow such tariffs could inflect on the Chinese economy, estimating GDP could be lowered b...

Asian Financial Institutions Are at Risk Due to AI Adoption Lag in the Face of Increasing Financial Crime

11Nov

By Brian ThompsonNo Comments

Asia, China, Market, Singapore, USA, World

Asian Financial Institutions Are at Risk Due to AI Adoption Lag in the Face of Increasing Financial Crime

AI-based transaction monitoring, sanctions screening, and fraud prevention deliver proven benefits as adoption gains traction New research from SymphonyAI and Regulation Asia reveals legacy systems, data quality, model explainability, data privacy, and regulatory uncertainty hinder AI adoption in financial crime compliance. Only 15% of Asian FIs report "advanced" AI integration in their compliance functions, leaving significant untapped potential. Financial crime, particularly money laundering, represents an escalating threat, accounting for up to 6.7% of global GDP. Palo Alto, Calif., (ANTARA/PRNewswire)- SymphonyAI, a leader in predictive and generative artificial intelligence (GenAI) SaaS products for the enterprise, today launched a new report with Regulation Asia, revea...

The whole economy is anticipating the outcome of the US election, along with other economic news this week.

5Nov

By Michael SmithNo Comments

Asia, Market, USA, World

The whole economy is anticipating the outcome of the US election, along with other economic news this week.

1. US election: Global economic impact in focus One story dominates the financial pages: the United States will choose its next president in a closely watched election on Tuesday, 4 November, featuring a tight race between Republican Donald Trump and Democrat Kamala Harris. The election outcome will have far-reaching consequences for global markets, economic policy and central bank strategies, with investors hoping for a decisive result to mitigate prolonged uncertainty. Reuters highlights the key events that underscore the stakes next week, including Federal Reserve interest rate decisions and China’s trade data release. Election impact: Markets seek clarity as traders brace for volatility. A Trump win could support recent Treasury yield and dollar gains; a Harris ...

<strong>China’s relentless pursuit of U.S. technology</strong>

29Oct

By Joe RodriguezNo Comments

China, USA

China’s relentless pursuit of U.S. technology

In recent years, the United States has faced an unprecedented challenge in safeguarding its technological advancements and intellectual property from a persistent and resourceful adversary: China. A series of high-profile cases have highlighted the extent of China's efforts to acquire sensitive U.S. technology, often through illegal means. These incidents not only threaten America's economic interests but also pose significant risks to national security. The case of Chen Lin, a 65-year-old Chinese national who recently pleaded guilty to illegally exporting U.S. semiconductor equipment, exemplifies the ongoing struggle to protect critical technologies. Chen's attempt to procure a wafer-cutting machine for Chengdu GaStone Technology, a company on the U.S. Entity List, underscores the...

Uncertainty around the election is hardly a cause to sell.

21Oct

By Walter ParezNo Comments

USA, World

Uncertainty around the election is hardly a cause to sell.

As neither party holds a clear advantage in any of the key swing states that could decide the outcome, the race remains too close to call, and we expect volatility to pick up in the coming weeks amid elevated uncertainty. But we also think the potential volatility is unlikely to derail positive equity fundamentals, and remind investors not to make dramatic portfolio changes based on expected election outcomes. The election is taking place against a backdrop of healthy earnings growth and solid economic momentum. Companies that represent about 15% of the S&P 500 market capitalization have reported their third quarter results so far, with nearly 80% of them beating earnings estimates and more than 60% beating sales estimates. Bank management teams are optimistic about the broade...

Trump says if China assaults Taiwan, he would impose heavy tariffs.

19Oct

By Joe RodriguezNo Comments

Asia, China, USA, World

Trump says if China assaults Taiwan, he would impose heavy tariffs.

US Republican presidential candidate and former US President Donald Trump said he would impose additional tariffs at “150% to 200%” on China if it were to "go into Taiwan," the Wall Street Journal reported Friday (Oct. 18). When asked whether he would use military force in response to a potential Chinese blockade of Taiwan, Trump said it wouldn’t be necessary because Chinese President Xi Jinping (習近平) respects him. “I wouldn’t have to, because he respects me and he knows I’m f— crazy,” Trump stated. During his presidency from 2017 to 2021, Trump took an aggressive stance on China. He imposed multiple rounds of tariffs that triggered a trade war and affected the global economy, according to Reuters. Trump also addressed Russia’s invasion of Ukraine in the interview,...

Technical Analysis of Oil, Natural Gas, and the US Dollar Under Pressure from the World Market

17Oct

By Michael SmithNo Comments

Market, USA, World

Technical Analysis of Oil, Natural Gas, and the US Dollar Under Pressure from the World Market

continues to face downward pressure due to uncertainties stemming from tensions in the Middle East. These uncertainties revolve around the future of the Middle East conflict and the impact of the ongoing output cuts enforced by OPEC. OPEC and the IEA have lowered their global growth forecasts 2024, further affecting the oil market. These global pressures include geopolitical tensions, economic uncertainties, and central bank policies impacting energy and currency markets. The uncertainty in the oil market has also impacted natural gas (NG) prices, which remain under pressure. The escalation of the Middle East crisis on a global scale has also impacted the US dollar index (DXY), along with a basket of major currencies. The US dollar has strengthened as a safe-haven currency. T...

The only source of labor force growth in America will be immigrants.

16Oct

By Michael SmithNo Comments

Market, USA

The only source of labor force growth in America will be immigrants.

Immigrant workers will be the only source of U.S. labor force growth in the economy after 2052, according to new research by the National Foundation For American Policy. Long before then, this report states the number of Americans of prime working age will stagnate. The findings represent the latest evidence that U.S. economic growth and living standards will languish without immigrant workers entering the U.S. labor force. Economists like Pia Orrenius and Chloe Smith of the Federal Reserve Bank of Dallas noted in a public statement that a country achieves economic growth with “growth in the labor force and its productivity.” As such, businesses cannot expand without finding people to hire, and American consumers suffer when companies cannot provide goods and services ...

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