Monday, October 1, 2018

Canada Says New Trade Pact Removes Uncertainty

The revised North American Free Trade Agreement will remove uncertainty for Canadian manufacturers and investors that has held back growth and ultimately benefit the country’s economy, Prime Minister Justin Trudeau said Monday.

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Fed's Rosengren Calls for More Rate Hikes

The President of the Boston Federal Reserve, Eric Rosengren, said the central bank will likely need ‘mildly restrictive’ monetary policy to ward off imbalances in the economy.

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Texas Hospital Giants Baylor Scott & White and Memorial Hermann in Merger Talks

Two Texas hospital giants said they are in merger talks that would combine dominant hospital systems in two of the nation’s largest metropolitan markets, one of the latest signs of the consolidation reshaping the health-care industry.

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IMF Appoints Harvard's Gita Gopinath as Chief Economist

The International Monetary Fund appointed Harvard University’s Gita Gopinath, one of the leading scholars in exchange rates, sovereign debt and capital flows, as its new chief economist.

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Tesla Shares Surge Following Musk-SEC Settlement

Tesla shares soared after Elon Musk reversed course and settled with U.S. securities regulators over the weekend, a surprising decision that put to rest the threat of his removal from a company inseparable from his name.

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U.S. Factory-Sector Growth Pulled Back in September

American factory activity decelerated in September, pulling back from a 14-year high in August.

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U.S. Auto Makers Get Big Win From New Trade Pact

The new trade agreement between the U.S. and Canada eases uncertainty in the U.S. auto industry about the Trump administration’s trade policies in North America, helping car manufacturers to move forward with factory investments with greater clarity.

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