Micron outperforms, but trade war costs emerge
9/21/2018, 12:36:46 PMBOISE, Idaho (AP) — Micron's stock is down nearly 6 percent ahead of the opening bell with collateral damage from the U.S.-China trade war overshadowing a strong performance from ✔ The U.S. says Beijing pilfers foreign trade secrets and forces U.S. companies to hand over technology in return for access to the Chinese market ✔ FILE - This Feb. 3, 2012 file photo shows the exterior view of memory chip maker Micron offices in San Jose, Calif
China refuses to back down in escalating U.S. trade war
9/21/2018, 3:03:28 PMThe trade war between the U.S. and China has escalated with new tariffs imposed by both sides. CBSN contributor and Signal newsletter writer for GZERO Media, Willis Sparks, explains why China isn't backing down.
Fitch slashes global economic growth forecast over US-China trade war
9/21/2018, 1:48:30 PMInternational rating agency Fitch has downgraded its 2019 global GDP forecast. The worsening trade conflict between Washington and Beijing is behind the decision, it said. ✔ With the four QE central banks having purchased over $1trillion of assets per annum on average since 2009, the prospect of an outright decline in central bank liquidity is likely to have significant ramifications ✔ For more stories on economy & finance visit RT's business section
In a Small-Fry Trade War, Catfish Gets Tangled in Red Tape
9/21/2018, 12:25:51 PMIn the standoff between American catfish and a Vietnamese cousin, a new food inspection program has tangled everyone in red tape, showing how measures intended to help U.S. businesses can backfire. ✔ The stated impetus for the program, a 1979 salmonella outbreak, was never tied to catfish, the agency said ✔ The program places federal inspectors in every processing facility and import terminal in the country ✔ You can never get anyone to tell you exactly what about the label needs fixing, said Ms. Crappell
Weekend roundup: Marijuana becomes bitcoin | How investing fads work | Short squeeze candidates
9/21/2018, 3:45:59 PMOpportunities for tremendous gains and losses, investor psychology and trade-war developments. ✔ trade war will last for ‘maybe 20 years,’ says China’s best-known executive • Wilbur Ross says nobody will notice price hikes from new China tariffs • Trade war’s ‘nuclear option’ could be bad for Apple, Amazon: strategist • Remanufacturing is a smarter way Trump can reduce the trade deficit 5
Dollar bounces but still set for biggest weekly drop in seven months
9/21/2018, 12:31:51 PMllar rebounded from early lows and edged higher against most of its rivals on Fr... ✔ A sell-off in the dollar that began in the late European session on Thursday gathered steam overnight as investors ramped up bets that the U.S. Federal Reserve will be near the end of its rate-rise cycle after an expected increase next week ✔ Our Standards:The Thomson Reuters Trust Principles
Wall Street to inch higher as oil gains
9/21/2018, 1:13:30 PMHigher oil prices looked set to help U.S. stock markets add to a week of gains o... ✔ If a chipmaker like Micron warns about tariffs then it could certainly be impacting the semiconductors on the same worry, Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas ✔ Our Standards:The Thomson Reuters Trust Principles
'I hope there'll be no sanctions’ over S-400 purchase plan, Saudi envoy tells Russia
9/21/2018, 3:11:28 PMAfter the US imposed sanctions on China for buying a Russian air defense system, Saudi Arabia, which is in talks to purchase it as well, hopes it won't suffer the same fate. It is, after all, one of Washington's best friends. ✔ Qatar and Egypt are also on the list of prospective clients ✔ Anyone buying Russian systems is a potential target for secondary US sanctions under the Countering America's Adversaries Through Sanctions Act (CAATSA) ✔ In that regard, Ambassador Krimli's hopes appear to be justified
Europe stocks poised for best week since July, lifted by global rally
9/21/2018, 1:56:00 PMEurope stocks are poised for the best week since the summer with another positive session on Friday as financials and major oil companies do the heavy lifting. ✔ Investors have shaken off trade worries, choosing instead to focus on a positive U.S. growth picture ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ Barbara Kollmeyer Barbara Kollmeyer is an editor for MarketWatch in Madrid ✔ We Want to Hear from You Join the conversation Comment
What is driving Wall Street as S&P 500 and Dow Jones hit highs?
9/21/2018, 3:29:48 PMundefined ✔ S&P 500 The benchmark racked up its 19th record closing high of the year by taking out its previous peak in late August ✔ Its shares are down 14.5 per cent in the quarter to date, propelled by a $120bn market-cap wipeout in July when it warned of slowing user and sales growth
Wang Qishan, China’s philosopher king
9/21/2018, 1:09:22 PMundefined ✔ He is coming out of the shadows, says Chris Johnson, an Asian affairs expert at the Center for Strategic and International Studies and a former CIA China analyst ✔ But it appears that China’s vice-president does not know where else to turn, other than the movies
Opinion | China’s interference in U.S. politics is just beginning
9/21/2018, 1:44:46 PMBeijing may soon be following in Moscow’s footsteps. ✔ Finally, Beijing interferes through co-opting American elites and persuading them to push Chinese Communist Party messages ✔ The Post’s View: China’s Orwellian tools of high-tech repression David Von Drehle: China is buying a world of headaches David Ignatius: Trump’s friends overseas are very, very nervous about the midterms
Energy Gets a Reprieve in China’s Latest Tariffs
9/21/2018, 12:25:43 PMIn the U.S.-China trade battle that’s targeted everything from soybeans to SUVs, energy has gotten off somewhat easy. ✔ Barclays data shows China’s imports of U.S. LNG have fallen 60% from their peak in December 2017 through July ✔ But while U.S. LNG is poised to become more expensive for Chinese buyers, the immediate effects on the market should be minimal, with U.S. prices still relatively competitive, analysts said ✔ To receive our Markets newsletter every morning in your inbox, click here
Wall St aims for new record but tech under pressure
9/21/2018, 3:06:57 PMundefined ✔ The company on Thursday afternoon reported a record fourth quarter result, which initially drew a positive reaction in after-hours trade, but investors gradually soured on the company’s predictions for the current quarter and its comments about growth rates
'It's a Huge Day.' Stock Traders Buckle Up for Market Turbulence
9/21/2018, 2:31:49 PMTwo major market events are colliding. ✔ The S&P 500 has swung 0.5 percent a day this week, almost double the average in the previous month ✔ Our sense is that the price action was exacerbated/amplified by the fact that this week is a ‘quadruple witching’ week and not the beginning of a major swoon in U.S. equities, Visch wrote in a note to clients earlier this week
Sterling plummets on Brexit fears, lifting dollar
9/21/2018, 3:18:49 PM- Sterling plummeted on Friday, driving the U.S. dollar up, after British Prime ... ✔ Antara Foto/Hafidz Mubarak/via REUTERS The dollar index rose 0.36 percent .DXY to 94.229 as investors consolidated positions before the weekend, but the greenback was still set for its biggest weekly drop since February ✔ Our Standards:The Thomson Reuters Trust Principles
Global stocks buoyed by Wall Street optimism
9/21/2018, 12:21:49 PMBEIJING (AP) — Global stocks rose Friday as a record high on Wall Street buoyed investor sentiment despite global trade tensions. KEEPING SCORE: In Europe, London's ✔ BEIJING (AP) Global stocks rose Friday as a record high on Wall Street buoyed investor sentiment despite global trade tensions ✔ Cautiousness in the form of stop losses may be ever so important with the uncertainty in post-tariffs exchanges lingering into next week
Stock records aren’t enough to make investors feel bullish on the market
9/21/2018, 1:27:14 PMThe U.S. stock market is back at record levels, but investors aren’t in a celebratory mood. ✔ However, the uptrend in stocks started before the survey was conducted ✔ The S&P 500 has risen in eight of the past nine sessions, as of Thursday’s close, while the Dow has risen in seven of the past eight ✔ We Want to Hear from You Join the conversation Comment
EU crafts Asia infrastructure plan as Belt and Road makes inroads
9/21/2018, 2:21:58 PMChina cautiously welcomes proposal that may rival Beijing's ambitions in Europe ✔ Eastern European countries mostly disagree with the screening proposal, and several are in conflict with the EU over issues such as migration and corruption.The EU's biggest internal critic, Hungarian Prime Minister Viktor Orban, said in January that if the European Union cannot provide financial support, we will turn to China
World War 3 fears: Russia slams ‘FOE’ US over military sanctions as tensions ESCALATE
9/21/2018, 3:21:44 PMRUSSIA has accused the US of “undermining” global economic stability, branding the new US-imposed military sanctions as ‘misguided’. ✔ The offshore pipeline from Vyborg in Russia to Greifswald in Germany will double the amount of Russian gas arriving in Germany ✔ The offshore pipeline from Vyborg in Russia to Greifswald in Germany will double the amount of Russian gas arriving in Germany
Analysis | The Finance 202: America is richer than ever but most Americans aren't. It's the GOP's economic quandary.
9/21/2018, 12:20:33 PMA tale of two economies ahead of the midterms. ✔ Business ‘This could be catastrophic’: Small businesses say new tariffs will make it even harder to compete Small businesses around the country say they are bracing for the latest round of tariffs, which could cut into already-thin profits and leave them with little recourse but to pass on additional costs to consumers beginning this holiday season
Take Five: World markets themes for the week ahead
9/21/2018, 2:20:58 PMFollowing are five big themes likely to dominate thinking of investors and trade... ✔ And finally, new U.S. tariffs of 10 percent on about $200 billion of Chinese products will kick in on Sept ✔ China’s retaliatory tariffs on 5,207 U.S. products also enter into force in the coming week ✔ - reut.rs/2prEgQF Our Standards:The Thomson Reuters Trust Principles
This outperforming fund manager is ‘massively overweight’ emerging-markets stocks
9/21/2018, 3:00:12 PMAlex Umansky of the Baron Global Advantage Fund says growth in China and Brazil still trumps that of the U.S. ✔ Given exposure to this kind of growth, and considering that over 90% of Alibaba sales come from inside China, it doesn’t make a lot of sense that investors are selling Alibaba shares because of worries about U.S. tariffs on Chinese goods ✔ We Want to Hear from You Join the conversation Comment
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