Twitter confirmed on Thursday that it has recorded a bigger than expected decline in the number of active monthly users during the third quarter of 2018. Despite this, Twitter’s ad revenue was up by 29% surpassing Wall Street’s expectations for the period under review.
The escalating trade war between the US and China as well as tightening monetary policies have been cited as two of the biggest risks to long-term growth according to economists.
Sears, one of America’s most renowned retailers, has filed for Chapter 11 bankruptcy. It seems the staggering losses suffered in recent years and the crashing debt have finally taken their toll.
The trade surplus that China has over the United States has reached a record high.
The US has reached a last-minute agreement with Canada to save NAFTA. The deal was agreed on before midnight on Sunday while sharp divisions between the two countries threatened to undermine the trade treaty that has stood for 25 years.
The US Federal Reserve has once again raised the short-term interest rates in a move confirmed on Wednesday. This is now the 8th time since 2015 that the Fed raises the rates after years of historical lows.
