‘Whiff of U.S. recession’? It’s in the air again amid China trade fallout

The debacle is the latest fallout in the intensifying battle over US trade. China Central Television’s (CCTV-6) was supposed to air a red carpet gala, a Chinese sci-fi film, and a Chinese comedy.

Blue Horizon’s Lienhard Thinks Chicken Is Going to Be Replaced Next Million Pounds of Rat Meat Being Sold As Boneless Chicken Wings in U.S Health Important Info At the Port of San Francisco, the Food and Drug Administration (FDA) has seized and destroyed numerous illegal containers from China that contained rat meat.

‘Whiff of a U.S. recession?’ It’s in the air again, but a healthy labor market is the antidote. The Federal Reserve Beige Book, released June 5th, reports moderate economic growth in late Spring as firms largely shook off the impact of a U.S.-China trade war.

The U.S. economy hasn’t fallen into a ditch, but sinkholes are opening up as the trade war with China drags on. The U.S. economy has taken a turn for the worse – and it doesn’t look as if things will get much better anytime soon. A mountain of evidence in the past two weeks shows that key segments of the economy have slackened.

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The U.S. economy has taken a turn for the worse – and it doesn’t look like things will get much better anytime soon. Here’s why. Read Full Story

The Bitcoin price dove below $9,700 on Thursday following reports that India may take a hard line against cryptocurrency usage to combat its use in "illegitimate" enterprises. As CCN reported , Arun Jaitley, India’s finance minister, criticized cryptocurrencies during a speech before the country’s parliament.

Big picture: The U.S. is going through a turbulent stretch marked by increasingly tough policies or threats of action against China and Mexico, two of the country’s three largest trading partners. Auto sales have also tapered off after a long boom following the end of the 2007-2009 recession.

The trade deficit is likely to widen, consumer confidence could decline and household spending was probably tepid in April. "Call it scare-mongering if you like, but many of the data releases [last] week had the unmistakable whiff of a recession," said chief U.S. economist Paul Ashworth of Capital Economics.

Tencent. Why Alibaba and Tencent may not have the same Trump problems that Huawei has. CNBC – Saheli Roy Choudhury. Chinese internet giants like Alibaba and Tencent are unlikely to be targeted in the same manner as telecommunications giant Huawei amid escalating.

Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years Rs 5 lakh crore equity to hit the market, but where are buyers? demand gap To Be Bridged. Over 12.76 lakh houses are lying unsold in India's top 30 cities, compounding. The inventory overhang is as high as 80 months in Kochi, years for developers in these cities to get rid of the present housing stock.