JPMorgan: Trade War to Hurt China Stocks
Analysts say a “full-blown trade war” is in the cards for 2019. ✔ Higher tariffs are squeezing Chinese manufacturing’s profit margin, reducing the investment incentive and hiring, which would then drag on consumption via reduced income ✔ Their cautious call comes after similar ones this year from Morgan Stanley , Nomura Holdings Inc
Einhorn's Greenlight exits Apple on U.S.-China trade war fears
David Einhorn's Greenlight Capital sold its remaining shares of Apple Inc o... ✔ FILE PHOTO: David Einhorn, President of Greenlight Capital, Inc., presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018 ✔ The company’s shares were down 2 percent at $223.43 on Friday ✔ Our Standards:The Thomson Reuters Trust Principles
Nasdaq down 2% as tech sell-off intensifies
undefined ✔ The sell-off in technology shares deepened on Friday, with heavy falls for some of the most popular names in the sector pushing the Nasdaq Composite down by as much as 2 per cent ✔ The sharp declines in the tech sector also weighed on the wider stock market
China's cyber-spying 'keeps a lot of US tech CEOs up at night'
A Bloomberg report alleges China slipped tiny spy chips into computer hardware from a firm called Super Micro, which supplied Amazon and Apple. The companies denied the report, but threat of Chinese cyberespionage is keeping tech CEOs up at night. ✔ A report on Thursday that the Chinese government snuck a pencil tip–size spy chip into equipment from an Amazon and Apple component supplier called Super Micro was explosive, but experts say it isn't surprising: U.S. technology CEOs have been concerned about the risk of Chinese cyberespionage for years ✔ Morgan released a report predicting a full-on trade war between the U.S. and China was its base-case scenario for 2019, though it predicted dire consequences for China's stock market
Furious China HITS BACK at Mike Pence allegations as US tensions reach boiling point
CHINA has reacted furiously to allegations it was trying to undermine Donald Trump by meddling in next month’s crunch mid-term elections. ✔ It acknowledged Washington had been critical of aspects of Chinese policies in the past but said this was the first time a senior official had delivered a broadside against China across such an extensive array of issues ✔ The last 30 years we've been living and breathing globalisation as if it's an inevitable force
Why the Australian dollar is the big loser in U.S.-China trade spat
As trade tensions between the U.S. and China escalate, the Australian dollar has become one of the biggest losers. ✔ Australian exports: 2016 Read: 5 things about a U.S.-China trade war that might surprise investors Furthermore, as emerging market currencies tumble to record lows, traders are turning to the Aussie to express bearish emerging-markets views ✔ We Want to Hear from You Join the conversation Comment
China 'spy chips' rattle global data center supply chain
Apple and Amazon reject allegations, but industry on alert for vulnerabilities ✔ These changes could be any tiny tweak to the design and layout of the motherboard, he added ✔ Inventec, a supplier to PC makers Dell and HP, also expanded its capacity for motherboards used in servers in its Taiwan facility to counter the additional tariffs risks
U.S. job growth cools; unemployment rate drops to 3.7 percent
U.S. job growth slowed sharply in September likely as Hurricane Florence depress... ✔ Average hourly earnings increased 0.3 percent in September after a similar rise in August ✔ People wait in line at a stand during the Executive Branch Job Fair hosted by the Conservative Partnership Institute at the Dirksen Senate Office Building in Washington, U.S., June 15, 2018 ✔ The standard measures just don’t reflect those increases well, if at all ✔ Our Standards:The Thomson Reuters Trust Principles
Analysis | Mike Pence, and the Trump administration’s complicity in downplaying Russian election interference
In a speech Thursday, he said China's election interference is worse than Russia's. The administration still hasn't substantiated this claim. ✔ And that impression is always: It wasn’t that big a deal ✔ First, it’s entirely possible there is something the Trump administration and the intelligence community hasn’t told us about alleged Chinese election interference ✔ Absent that, this looks like the latest effort to muddy the waters
Small-Stock Managers Still Top the Charts
Winners’ Circle: Our 12-month winner, Alex Ely of Delaware Smid Cap Fund (up 58.7%), sees opportunities as many industries undergo upheavals. ✔ WINNER: Alex Ely, +58.7% for the 12 months I haven’t been nearly optimistic enoughthat’s been my problem, says Alex Ely ✔ He also notes that small stocks have already endured one bear market, at least on a relative basis, lagging far behind the S&P 500 in 2015 and 2016
What China Should Learn From NAFTA
The outcome of new negotiations for America’s most significant trade deals – now known as USMCA – yields deep lessons for Beijing. ✔ The successful renegotiation the U.S., Canada and Mexico will affect how Washington and Beijing approach new economic relationships.(AFP/Getty Images) Now that the White House has claimed a victory in renegotiating NAFTA – rebranded as the U.S.-Mexico-Canada Agreement, or USMCA –President Donald Trump is once again eyeing China, ramping up his rhetoric about tariffs and trade as the two countries prepare to forge new economic relationships ✔ And it comes down to whether China is competing with the U.S. unfairly and putting undue influence on either our political system or making the Asia-Pacific region less secure through its military actions and rhetorical policy
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