Trump Says Dow Would Be 10,000 Points Higher Without Trade War
Donald Trump said his trade war with China has hurt the performance of the U.S. stock market, but that he had to confront the country’s economic practices. “Let me tell you, if I wanted to do nothing with China, our stock market, our stock market would be 10,000 points higher than it is right now […]
Home Markets Need to Know GET EMAIL ALERTS Why Uber and Lyft will ‘fail miserably’ at autonomous driving
Yeah, yeah, autonomous driving is an interesting lab experiment for Uber Technologies and Lyft to be involved in. But it will be “impossible” for them to scale to production. That’s according to Trip Chowdhry of Global Equities Research, who just attended talks on autonomous driving research at Volvo Concept Lab. Related: The Anthony Levandowski criminal charges […]
Asia stocks struggle for direction as investors watch US Treasury yields
POINTS Stocks in Asia were mixed on Wednesday following an overnight inversion of a closely watched U.S. Treasury yield curve to its worst level in more than a decade. The spread between the 10-year Treasury yield and the 2-year rate fell to negative 5 basis points on Tuesday, its lowest level since 2007. Closer to […]
Warren Buffett’s advice during a market crash
6. Avoid Leverage That Amplifies Stress During A Market Crash: Sure, there’s stress during a crash – lots of it. Add margins (meaning loans that you incurred to buy more stocks) and you get more stress. Those loans have to be paid – right in the middle of a market crash. Malo. 7. Don’t Try […]
China retaliates with tariffs on $75 billion of US goods
Beijing (CNN)The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about $75 billion worth of US goods.China will place tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China’s Finance Ministry.The Ministry also announced plans to […]
Dow falls more than 200 points as U.S.-China trade worries and Hong Kong unrest weigh
Stocks traded lower Monday, building on the previous week’s decline on lingering worries over U.S.-China trade tensions and continued unrest in Hong Kong. How are the major benchmarks performing? The Dow Jones Industrial Average DJIA, -1.21% fell 227 points, or 0.9%, to 26,056, while the S&P 500 index SPX, -1.08% shed 22 points, or 0.8%, to 2,896. The Nasdaq Composite Index COMP, -0.96% dropped […]
Disney Goes After Netflix With $13-a-Month Streaming Bundle
Walt Disney Co. is pricing a new bundle of streaming services at a surprisingly low $12.99 a month, challenging Netflix Inc. with a package that includes family programming, live sports and a deep library of television shows. The entertainment giant announced the combined pricing for Disney+, ESPN+ and Hulu on a conference call Tuesday with investors. It will […]
Trump Says Things Going `Well’ With China After New Tariff Shock
President Donald Trump said “things are going along very well with China,” two days after his move to threaten tariffs on hundreds of millions of dollars in additional Chinese imports sent global stock markets tumbling. Trump said that “so far our consumer is paying nothing” from the levies imposed on China, repeating a widely-challenged assertion […]
U.S. Record Debt Sales Continue as Deficits Head to $1 Trillion
The U.S. Treasury Department announced plans to maintain record debt sales as Republicans and Democrats continue a spending frenzy that’s widening the deficit even as economic growth remains solid. President Donald Trump is set to sign legislation to suspend the debt limit and boost domestic and defense spending, pushing the annual budget deficit over $1 […]
Europe Joins U.S. Companies Moving Out Of China
A Marit Maersk cargo ship sets off from the Qingdao Qianwan Container Terminal in China. European manufacturers are following in the footsteps of their American counterparts and sourcing goods elsewhere due to the trade war Make no mistake about it, the trade war is absolutely remapping global supply chains … to the detriment of Chinese […]