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Trade War - SERIES 236 {21 articles}

Mnuchin watching China's currency as trade war escalates

10/11/2018, 7:09:25 PM
US Treasury Secretary Steven Mnuchin is keeping a close eye China's currency as the trade war between the two countries escalates. ✔ It is seeking to gain an edge by upping pressure on China as it struggles with slowing economic growth and sharp declines in the country's stock markets ✔ If it were to do so this month, the move wouldn't immediately trigger any US penalties, but it would further inflame the tensions between the world's two largest economies



Smartphone supply chain foresees cheerless holiday

10/11/2018, 6:16:10 PM
US-China trade war threatens to spoil all-important Christmas season ✔ Customers try out the new iPhone Xs Max at the Apple Store in Manhattan ✔ The overall smartphone industry is expected to face a difficult season this quarter, given the latest message delivered by Largan's executive, said Nicole Tu, a tech analyst at Yuanta Securities Investment Consulting



Stock market craters for a second day in a row

10/11/2018, 7:20:14 PM
Major U.S. indexes continue tailspin amid mounting fears over rising interest rates and trade war risks ✔ Technology stocks have taken the brunt of the losses ✔ Adding to potential U.S.-China tensions, the Justice Department announced Wednesday it arrested an official of China's Ministry of State Security on charges of trying to steal trade secrets from U.S. aerospace companies



BMW raises China venture stake to 75% in $4.2bn deal

10/11/2018, 6:35:03 PM
German automaker will be first to seize on Beijing's easing of ownership rules ✔ Inside the BMW factory in Shenyang, Liaoning province ✔ Last year, BMW exported roughly 80,000 sport utility vehicles made in American factories to China, and was forced to raise prices after the Chinese government slapped additional tariffs on U.S.-made vehicles



Stocks lose ground amid investor wariness over interest rates

10/11/2018, 4:04:13 PM
Fears are rising over the impact of President Trump's aggressive trade policy and the repercussions of rate hikes ✔ The -4.2 percent drop in the S&P 500 over the past five days has been triggered in part by fears over corporate earnings as trade uncertainties, rising input costs and higher interest costs start to bite, said economist Louis Gave of Gavekal Research in a report



Deepening bear market sees $1 trillion wiped off emerging equities...

10/11/2018, 4:33:12 PM
A selloff in global stocks tore like a wrecking ball through emerging equities o... ✔ The sharp correction in global equity markets is the inevitable culmination of a number of different factors, but the most significant is the increasingly precarious position of the Chinese economy and financial markets, said John-Paul Smith, of emerging market consultancy Ecstrat, known for predicting the 1998 Russian crisis and correctly calling the underperformance of emerging market stocks from the end of 2010



Instant View: U.S. share tumble continues, Nasdaq flirts with...

10/11/2018, 7:28:54 PM
Wall Street indexes continued their decline on Thursday as investors continued t... ✔ NEW YORK (Reuters) - Wall Street indexes continued their decline on Thursday as investors continued to shun risky investments, and Nasdaq looked like it could confirm a correction ✔ You see more companies giving weaker guidance going forward ✔ If anything, multinationals were benefiting from doing things offshore



Micron Stock Is Rising on Optimism for Its AI Opportunities

10/11/2018, 5:26:55 PM
The chip maker is seeing a stream of upbeat analyst comments a day after a presentation on the role memory plays in artificial intelligence. ✔ Text size Micron Technology (MU) shares are getting a lift Thursday, after analysts highlighted the company’s opportunities in artificial intelligence ✔ Cowen analyst Karl Ackerman commented that Micron appears uniquely positioned to capitalize on the trend because of it touches all types of memory technologies, including DRAM, NAND, NOR, and storage-class memory



A Chinese Operative Was Extradited to the U.S. for Attempted Theft of Trade Secrets—a National First

10/11/2018, 5:09:56 PM
The government spy has allegedly been targeting U.S. aviation corporations since at least December 2013. ✔ He was arrested in Belgium in April, according to the Department of Justice, and brought to the United States this week to face trial in Cincinnati ✔ This case is not an isolated incident, said Assistant Attorney General for National Security John C ✔ Last week, Vice President Mike Pence accused China of trying to orchestrate the wholesale theft of American technology, NPR reports



Stocks Are Lower, but It Could Be a Lot Worse

10/11/2018, 5:26:53 PM
Stocks fell again on Thursday, following a big selloff, as weakness spread overseas and boomeranged back. ✔ Then there’s the fact that at least a little of that uncertainty should dissipate next month ✔ Sage Therapeutics (SAGE) was up 1.4% to $121.94 after Oppenheimer initiated coverage with an Outperform rating ✔ ServiceNow (NOW) was up 2% to $175.51 after saying it will acquire the technology of FriendlyData, for undisclosed terms



Tech stocks got routed

10/11/2018, 4:56:44 PM
Tech stocks have led the market higher for the past few years. Now they are taking a big tumble as the broader market pulls back. Are the best days behind Apple and FANG stocks Facebook, Amazon, Netflix and Google? ✔ MUST WATCH New York (CNN Business)What goes up must come down, and investors are learning that the hard way ✔ Netflix (NFLX), for example, plunged more than 8% Wednesday ✔ That could slow the economy and start to hurt profit growth of high-flying techs



Wall St. extends slide as Nasdaq flirts with correction

10/11/2018, 7:23:27 PM
Wall Street indexes extended their decline on Thursday as volatility spiked and ... ✔ There are still short-term negatives that will continue to put pressure on the market ✔ We got relief on one of those negatives today with the Consumer Price Index (CPI) number, which suggests the Fed will be less aggressive than the market was concerned it will be, said Robert Phipps, a director at Per Stirling Capital Management in Austin, Texas ✔ Our Standards:The Thomson Reuters Trust Principles



Crude slumps on demand uncertainty and market sell-off

10/11/2018, 6:55:10 PM
undefined ✔ Prices were already reacting to data from the US energy department’s statistics arm that raised its forecast for domestic production to a record 11.8m barrels a day for next year ✔ He added that Opec countries and their allies, namely Saudi Arabia and Russia, had expressed willingness to ensure the oil market remained well-supplied, even as he admitted there were concerns about global spare production capacity



Trump says 800-point market drop is 'a correction'

10/11/2018, 7:09:23 PM
President Donald Trump blamed the Federal Reserve for Wednesday's 832-point stock dive. ✔ I mean, I don't know what their problem is but they're raising interest rates and it's ridiculous ✔ The Nasdaq dropped more than 4% in the worst percentage decline since June 2016 ✔ Stocks are in the midst of a scary October slump, sliding sharply because investors are worried about rising interest rates



Dollar slips on stock losses, lower bond yields

10/11/2018, 4:28:30 PM
The dollar fell to a near two-week low on Thursday against a basket of currencie... ✔ This added to the safe-haven bid for Treasuries stemming from a dramatic sell-off in overseas stock markets that followed big losses in the S&P 500 .SPX and Dow Jones .DJI indexes on Wednesday ✔ An index that tracks the dollar versus six currencies .DXY fell to 94.987, the lowest since Sept ✔ Our Standards:The Thomson Reuters Trust Principles



China says US fabricated spy case 'out of thin air'

10/11/2018, 4:54:03 PM
China has rejected US espionage claims against a Chinese national arrested in Belgium and extradited to America as mere fabrications plucked “out of thin air,” adding further pressure between Beijing and Washington. ✔ For years, the US has indicted in absentia alleged Chinese spies amid growing allegations and evidence that Beijing has been using espionage and hacking to modernise its country ✔ Another Chinese national was arrested last month for allegedly providing information about American defence contractor employees in efforts to recruit them as informants



U.S. banks need more than in-line third quarter to boost shares

10/11/2018, 6:39:59 PM
Major U.S. banks, beginning on Friday, are expected to report earnings growth th... ✔ On top of this, credit costs are so low that analysts worry they will increase if the economy deteriorates because they can’t get much better from where they are right now, according to Cronin ✔ Many investors had started out the year with high hopes for bank stocks as they had expected the Trump administration’s slashing of corporate taxes to boost loan growth with the broader economy ✔ Our Standards:The Thomson Reuters Trust Principles



Stocks couldn't rise forever

10/11/2018, 7:09:46 PM
Neither the stock market nor President Donald Trump are pleased with the Federal Reserve right now. ✔ The higher rate environment is a sudden shift for an economy and stock market that grew accustomed to unbelievably low rates over the past decade ✔ I don't see an end do it...I don't think this is anything resembling a sugar high ✔ The real day of reckoning will come early next decade, around 2020



IMF readies for further danger signals in emerging markets

10/11/2018, 4:25:10 PM
undefined ✔ With Asian equity markets tumbling on Thursday morning, Christine Lagarde, the head of the IMF, used her pulpit at a Balinese beachside conference centre to deliver some marching orders to economic policymakers in emerging markets ✔ Sri Mulyani Indrawati, the finance minister, issued a full-throated defence of her country’s economic and financial position on Monday



Markets Just Dived. Democrats Shouldn’t Get Too Excited.

10/11/2018, 7:40:24 PM
The conventional wisdom is that a strong economy and stock markets help the incumbent party in midterm elections. Research doesn’t bear that out. ✔ In 2002, when the bursting technology bubble caused the S. & P ✔ A Driller Tries Again 7 Years After Triggering Earthquakes Made and Distributed in the U.S.A.: Online Disinformation Lelanie Foster for The New York Times In Battle With Amazon, Walmart Pushes Deeper Into Entertainment Ben Nelms/Reuters Interest Rates Are Rising for All the Right Reasons White Americans Gain the Most From Trump’s Tax Cuts, a Report Finds Trending Hurricane Michael Live Updates: A Trail of Destruction in the Florida Panhandle Trapped by the ‘Walmart of Heroin’ This is 18 Around the World Through Girls’ Eyes Made and Distributed in the U.S.A.: Online Disinformation Matthew Shepard Will Be Interred at the Washington National Cathedral, 20 Years After His Death Hurricane Michael in Pictures Opinion: A Lesson for Kavanaugh From Another Tarnished Supreme Court Justice Opinion: White Male Victimization Anxiety Khashoggi’s Disappearance Puts Kushner’s Bet on Saudi Crown Prince at Risk Opinion: Is the Rust Belt Still Trump Country



FTSE 100 tumbles as global stock market rout worsens

10/11/2018, 5:16:08 PM
Sell-off in London follows six days of falls for the S&P 500 on Wall Street - the longest losing streak of Donald Trump’s presidency ✔ The fire was extinguished within eight minutes AP 40/50 31 August 2018 Mourners attend Aretha Franklin's funeral at Greater Grace Temple in Detroit AFP/Getty 41/50 30 August 2018 Firefighters watch on as flames leap from a giant factory fire in the inner Melbourne suburb of West Footscray - More than 120 firefighters are fighting the fire, with 30 trucks and cherry picker aerial appliances on the scene which is sending large plumes of smoke across the city



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