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Trade War - SERIES 155 {15 articles}

BlackRock chief warns US 'wins' in trade war have long-term costs

9/20/2018, 6:21:46 PM
Non-American companies wil 'pivot' to China, says Larry Fink ✔ © Reuters NEW YORK -- America looks like the big winner so far in its trade war with China, but short-term gain could lead to long-term pain, BlackRock chief executive Larry Fink warned Thursday ✔ Fink also warned that U.S. government actions are leading more and more non-U.S ✔ Other multinationals have already started filling American corporations' shoes ✔ Try 3 months for $9 Offer ends September 30th


For Americans in China, trade war will make the comforts of home more expensive. And that's just the beginning

9/20/2018, 7:26:19 PM
The U.S.-China trade war is about to hit hard for Americans in China and beyond, with the Trump administration announcing $200 billion in tariffs this week. ✔ While China is unable to match the U.S. dollar amount on tariffs because it imports less from the U.S. than it exports, it has myriad ways to make American companies, consumers and farmers feel pain ✔ There’s a significant concern by many in China’s government that the United States is able to control and hold hostage key links in the supply chain and that only the development of domestic industry and diversifying away from America’s products will allow China’s supply chains to be safe going forward


Dollar Falls on Hopes U.S., China Can Resolve Trade Spat

9/20/2018, 4:01:42 PM
The dollar fell to its lowest level in more than two months Thursday, as fresh hopes that the U.S. and China can avoid an all-out trade war boosted investors’ risk appetite. ✔ At the same time, many investors believe that markets have already factored in two rate increases from the Federal Reserve by the end of the year ✔ In emerging markets, the dollar fell 1.7% against the South African rand and was down 4% against the Argentine peso


Jack Ma scraps his pledge to create a million U.S. jobs. But was it ever serious?

9/20/2018, 4:23:18 PM
Chinese technology titan Jack Ma emerged from a meeting at Trump Tower last year with a bold promise: His e-commerce giant Alibaba would help then-President-elect Trump create a million American jobs. Now Ma has retracted the pledge, saying the escalating U.S.-China trade war has wrecked it. ✔ U.S. exports of goods and services to China would have to jump $206 billion more than doubling in order to create a million American jobs, according to figures from the Commerce Department ✔ Trump has said such retaliation would compel him to slap levies on an additional $267 billion worth of Chinese products, effectively placing higher border taxes on everything the United States buys from China


Jeremy Siegel: The stock market could be headed for a 'little bubble' just like in January

9/20/2018, 5:40:50 PM
"As the market goes into full phase, all the hedge funds and everyone else who were short on anticipation might jump on here," the Wharton professor says. ✔ The Dow took out its February low on March 23, before heading higher in fits and starts ✔ The trade conflict between the U.S. and China heightened Monday evening after the Trump administration announced it will impose 10 percent tariffs on another $200 billion worth of Chinese imports


European shares ride trade relief rally

9/20/2018, 4:11:38 PM
European shares surfed a worldwide rise in stock markets on Thursday as fading c... ✔ Shares in Belgian telecoms company Proximus (PROX.BR) climbed 2.5 percent, with traders saying Citi had upgraded its recommendation on the stock ✔ Lower levels of market volatility, meanwhile, hurt quarterly revenue at trading platform IG Group (IGG.L), sending the stock down 9.8 percent to the bottom of the STOXX ✔ Our Standards:The Thomson Reuters Trust Principles


Caterpillar, Machinery Stocks, May Have Room to Rise

9/20/2018, 7:19:48 PM
Shares of Caterpillar are trading higher on Thursday, following an upgrade from Robert W. Baird. ✔ Baird’s Mircea (Mig) Dobre is now one of the bulls ✔ He upgraded Caterpillar to Outperform from Neutral and raised his price target to $191 from $155 ✔ The Industrial Select Sector SPDR ETF (XLI) is up 0.2% to $79.90 Make the Connection Baird isn’t the only firm bullish on machinery stocks


Wall Street heads towards record high close

9/20/2018, 5:11:24 PM
undefined ✔ The Nasdaq Composite was up 0.9 per cent, but remains 1 per cent below its record high close from late August ✔ Longer-dated bonds have in general sold off this week ahead of an expected rate rise from the Federal Reserve next Wednesday and possibly as demand from pension funds tails off


Mortgage rates jump to four-month high as housing market starts to falter

9/20/2018, 4:05:58 PM
Rates for home loans continued their upward march as the economy continued to heat up, but a lot of air seems to have been sucked out of the housing market. ✔ Builders broke ground on more homes in the most recent month, but applied for far fewer permits a sign that construction activity may soon start to decline ✔ Sales of previously-owned homes are 1.2% lower in the year to date than in the same period last year, just months after finally regaining a post-crisis high ✔ We Want to Hear from You Join the conversation Comment


US stocks hit fresh record on booming economy

9/20/2018, 5:38:21 PM
undefined ✔ The US stock market vaulted to a new record high on Thursday as investors brushed aside fears over the escalating international trade war and instead focused on a booming American economy ✔ Growth is strong, said Jim Caron, a fund manager at Morgan Stanley Investment Management


US orders Chinese state media to register as foreign agents

9/20/2018, 6:12:52 PM
The US government has ordered two Chinese state media outlets to register as foreign agents, according to reports, in a move that could limit their access. ✔ The Foreign Correspondents’ Club of China conducts an annual study on reporting conditions in China, and found the situation had deteriorated in 2017 ✔ The US-China Economic and Security Review Commission, which provides recommendations to US lawmakers, has suggested the law be strengthened to require all staff of Chinese state media to individually register under the act


Abe's next term will set Japan's course for years to come

9/20/2018, 5:54:18 PM
Firm hand with economy and diplomacy needed to navigate uncertain landscape ✔ In such uncertain times, having one of the longest-serving leaders in the Group of Seven at the helm is reassuring to the public ✔ China is moving to expand its interests, while the U.S. puts America first under President Donald Trump ✔ Try 3 months for $9 Offer ends September 30th


U.S. sanctions China for buying Russia war planes, missiles

9/20/2018, 7:52:11 PM
The Trump administration imposed sanctions on the Chinese military on Thursday f... ✔ REUTERS/Sergei Karpukhin/File Photo AIMED AT MOSCOW - OR BEIJING ✔ One U.S. administration official, who briefed reporters on condition of anonymity, said the sanctions imposed on the Chinese agency were aimed at Moscow, not Beijing or its military, despite an escalating trade war between the United States and China ✔ Our Standards:The Thomson Reuters Trust Principles


Fed has to start considering the risk of a recession, former Fed Gov. Larry Meyer says

9/20/2018, 4:41:41 PM
Former Fed Gov. Larry Meyer said in an interview with MarketWatch that the economy is now as good as it gets and the Fed has to start worrying about a recession. ✔ A rewrite of the policy statement won’t happen until March or June, he said ✔ The term premium is extra compensation investors demand for holding a long-term Treasury security such as a 10-year note TMUBMUSD10Y, -0.18% ✔ Greg Robb Greg Robb is a senior reporter for MarketWatch in Washington ✔ We Want to Hear from You Join the conversation Comment


Analysis | Would saving Lehman have saved us from the Great Recession?

9/20/2018, 6:56:25 PM
The downturn — and the politics it engendered — could have been far less severe. ✔ A man leaves Lehman Brothers' New York headquarters in 2008 on the day the 158-year-old company declared bankruptcy ✔ 13, 2008, officials from the Federal Reserve and Treasury Department met with a who’s who of Wall Street to try to figure out a way to save the world ✔ but Greece might have gotten kicked out of the euro ..


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