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Companies cut spending and idle their drilling rigs despite Donald Trump’s pledge to ‘unleash’ production

The lowest rung of junk bonds are flashing warnings that the economy could face slower growth and higher inflation, as well as the risk of a recession.

This week’s ‘reset’ deal is a welcome return to pragmatism. But both sides must go further in facing up to the new world order

“At the core of the problem is that foreign investors are simply no longer willing to finance US twin deficits at current level of prices.”

“Unless that changes, the dollar will remain on a much longer leash than any currency should rightfully have.”