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How we avoided big losses from tariffs, US-China trade war

How we avoided big losses from tariffs, US-China trade war

Agriculture is a sector of the American economy that has been impacted heavily by the U.S.-China trade war, but Agco has been able to avoid a lot of those side effects, CEO Martin Richenhagen told CNBC’s Jim Cramer on Wednesday. That’s because the Georgia-based manufacturer of farming equipment has strategically established large international exposure, Richenhagen […]

The problem with a miles-per-gallon standard

The problem with a miles-per-gallon standard

Cars drive over the Golden Gate Bridge in Sausalito, California. Justin Sullivan | Getty Images The Trump administration moved Wednesday to rescind a waiver allowing California to set its own standards for car emissions. Critics understandably called foul. But emissions activists should keep in mind that improvement in fuel efficiency makes a bigger difference at […]

What changed in the new statement

What changed in the new statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued on July 31 after the Fed’s previous policymaking meeting. Text removed from the July statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. […]

Jeff Gundlach says recession odds before the 2020 election are rising

Jeff Gundlach says recession odds before the 2020 election are rising

DoubleLine Capital CEO and longtime bond investor Jeffrey Gundlach said Wednesday that the odds of a recession before the 2020 presidential election are rising.  “I think the economic data has gotten a little bit better, yet I still think, when we put it all together … it seems that there is an increasing probability of a recession […]

Here’s what it’s like on the 123rd floor of the world’s tallest condo

Here’s what it’s like on the 123rd floor of the world’s tallest condo

Like vast wealth, the view from the 123rd floor of the tallest apartment building in the world can quickly warp your perspective on life. At nearly 1,400 feet, looking down on the Empire State Building, you aren’t just above New York City – you lord over it. Cars become toys and people become dots. Central […]

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