Can America’s Solar Power Industry Compete with China’s? One Firm Tries
Battling heavily subsidized manufacturers, First Solar is set to build a new factory in Ohio, a mission that reveals the challenges of trying to “reshore” critical industries that moved offshore.
The Wall Street Journal: EconomyTwo Months That Tore Apart the Food Chain
Grocery demand skyrocketed, restaurants shut their doors and distribution became exponentially more complex, resulting in the most dramatic shift in history. For consumers, it could mean fewer choices, higher prices and an adjustment in the way we shop and stock our pantries.
The Wall Street Journal: Economy
Fed Launches New Lending Facility for Foreign Central Banks
The central bank launched its latest lending program to alleviate market strains by allowing foreign central banks to convert their holdings of Treasurys into dollars.
The Wall Street Journal: EconomyFed Ramps Up Bond Buying, Indicating Much Larger Purchases Are Likely
The Federal Reserve is likely to significantly boost its government-bond purchases beyond the $500 billion minimum it committed Sunday to buy amid market strains that sent interest rates higher in recent days.
The Wall Street Journal: EconomyWhy Argentina Faces an Economic Crisis. Again.
Latin America’s third-biggest economy is repeating a pattern that has dogged it for over 70 years, running out of hard currency while grappling with inflation and contraction. Not for the first time, the Peronists promise to fix it.
The Wall Street Journal: Economy
Powell Faces Challenge Defining Doctrine Around When to Cut Rates
Fed Chairman Jerome Powell’s challenge in the weeks ahead is to articulate clearly why the central bank is likely to continue reducing rates absent obvious signs of economic deterioration.
The Wall Street Journal: EconomyHomeowners Rush to Refinance, Thanks to Falling Yields
Falling bond yields are reviving the U.S. mortgage market. Current rates, which are at their lowest level in almost three years, are prompting borrowers to flood lenders with calls, with much of the activity fueled by refinancings.
The Wall Street Journal: Economy
Fed Cuts Rates by a Quarter Point in Precautionary Move
The Federal Reserve cut interest rates by a quarter-percentage point—the first reduction since 2008—in a pre-emptive strike to cushion the economy from a global slowdown and escalating trade tensions.
The Wall Street Journal: EconomySlow Progress in Trade Talks Is Partly a Result of China’s New Tactic to Wait
Plodding progress in trade negotiations between the U.S. and China this week is partly the result of a new tactic from Beijing, which increasingly thinks waiting may produce a more favorable agreement.
The Wall Street Journal: EconomyGerman Opponents of ECB’s Crisis Strategy Make a Last Stand
In a prosperous corner of southern Germany, opponents of Europe’s economic crisis-fighting strategy are making a last stand, attacking the giant bond-buying program launched 4½ years ago by the European Central Bank.
The Wall Street Journal: EconomyEurope’s Stalling Economy Sounds Alarm for Global Growth
The region’s economy is slowing again as its factories count the cost of increased uncertainty about global trade rules, underpinning worries at the Federal Reserve about the impact of weaker world demand on U.S. growth.
The Wall Street Journal: EconomyTrump to Sign Medicare Order as Part of Attack on Democrats’ Health-Care Message
President Trump is set to sign an executive order to bolster private insurers’ Medicare Advantage plans as it moves ahead with a trial program to authorize imports of cheaper prescription drugs from Canada.
The Wall Street Journal: EconomyConfident Consumers Keep Spending Amid Soft Inflation
U.S. consumers continued to spend and maintained confidence heading into the summer while inflation remained soft, according to data that will likely reinforce the Federal Reserve’s expected decision to lower interest rates.
The Wall Street Journal: EconomyHome-Price Gains Continued to Slow in May
The growth of U.S. home prices slowed again in May, as the housing market continues to moderate during what has been a relatively weak year for sales.
The Wall Street Journal: EconomyWhy the Fed Is Cutting Rates When the Economy Looks Good
Federal Reserve Chairman Jerome Powell is leading his colleagues to cut interest rates this week for the first time since 2008, even though the economy looks healthy, partly because it isn’t behaving as expected.
The Wall Street Journal: EconomyTreasury to Borrow Over $1 Trillion in 2019 for Second Year in a Row
The U.S. government expects to borrow more than $1 trillion in 2019 for the second year in a row, though slightly less than it borrowed the previous year, the Treasury Department said Monday.
The Wall Street Journal: EconomyReal Time Economics: The Fed, Trade Talks and Jobs Day—It’s Going to Be a Fun Week
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The Wall Street Journal: EconomyU.S.-China Trade Talks Set to Resume With Modest Expectations
Negotiators for the U.S. and China will face off in Shanghai this week in another attempt to piece together a trade accord, amid considerably lowered expectations. Modest wins might be obtainable, however.
The Wall Street Journal: EconomyA Key Reason the Fed Struggles to Hit 2% Inflation: Uncooperative Prices
Recent studies show that a large segment of the economy, from healthcare to durable goods, appears insensitive to the rising or falling demand.
The Wall Street Journal: Economy