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Powell rains on bulls’ parade. What investors and economists are saying

Powell rains on bulls’ parade. What investors and economists are saying

Federal Reserve Chair Jerome Powell put a damper on the bull rally, after saying that a December rate cut isn’t a “foregone conclusion” as a divided central bank tries to operate on limited visibility. Stocks came off their highs Wednesday following the start of Powell’s post-meeting news conference. The Dow Jones Industrial Average was closed…

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UK backs innovation hub Cambridge — expansion tests city’s limit

UK backs innovation hub Cambridge — expansion tests city’s limit

This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch The U.K. economy, along with many continental European peers, faces well-established challenges. These include a high debt-to-GDP ratio, a high deficit-to-GDP ratio and an ageing population making increasing demands on the state, just as growth is…

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Trump-Xi meeting nears with high stakes and hopes, but few details

Trump-Xi meeting nears with high stakes and hopes, but few details

Chinese President Xi Jinping and U.S. President Donald Trump Sergey Bobylev | Kent Nishimura | Reuters A high-stakes meeting between President Donald Trump and Chinese President Xi Jinping could yield a breakthrough in the quarrelsome trade relationship between the two economic superpowers. But while both the Trump administration and Beijing are projecting optimism ahead of…

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