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Trade War - SERIES 250 {15 articles}

China stocks tumble on US trade war concerns

10/15/2018, 3:24:43 PM
undefined ✔ Chinese stocks cemented their position as the world’s worst performing major equity market on Monday, as they missed out on the return of some stability following last week’s global ructions ✔ Although Chinese economic growth slowed in the second quarter to 6.7 per cent, strategists at Citi believe that the full drag from the trade dispute is yet to be felt


McDonald's rises after Evercore upgrades the stock, saying it's a good way to ride out a trade war

10/15/2018, 2:39:03 PM
Evercore ISI upgraded shares of McDonald's to outperform from in-line on Monday. ✔ Getty Images Steve Easterbrook, CEO McDonald, poses with Ronald McDonald ✔ As those shifts in the industry happen, McGinley said restaurant chains will need greater sophistication to plan, execute, and evolve ✔ Evercore does not have a price target on shares of McDonald's but does have a base case of $185 a share


Wall St. drops as Apple slips, Saudi issue flares up

10/15/2018, 2:39:25 PM
U.S. stocks fell on Monday as an increase in tensions between Western powers and... ✔ The clearest picture yet of the impact of the U.S.-China trade war will be the third-quarter earnings season, especially the company forecasts ✔ Profits at S&P companies are expected to have risen 21.5 percent, according to I/B/E/S data from Refinitiv, less than the growth in the past two quarters ✔ Our Standards:The Thomson Reuters Trust Principles


Tech stocks back on the ropes as Wall Street’s slide resumes

10/15/2018, 2:40:28 PM
undefined ✔ On Friday, the tech-focused benchmark bounced back from levels near correction territory and posted only its third advance in the 10 sessions to October 12 ✔ Consumer staples, utilities and telecommunications services were leading the market at the positive end


US futures point to a triple-digit fall amid Saudi Arabia tensions

10/15/2018, 8:36:01 AM
U.S. stock index futures pulled back ahead of Monday's open, as investors kept a close eye on a potential slowdown in the Chinese economy and monitored simmering tensions between Saudi Arabia and the West. ✔ The global sell-off was blamed on a series of factors, including the impact of a U.S.-China trade war, a spike in U.S. bond yields and nervousness ahead of earnings season ✔ Later in the session, Empire State Manufacturing Index data for October and business inventories data for August are both set to be released at around 10:00 a.m. On the earnings front, Bank of America and Charles Schwab are both set to publish their latest figures before the opening bell


Investors pause on stock selloff amid Saudi, oil concerns

10/15/2018, 2:08:03 PM
Shares treaded water on Monday, bucking a downdraft that began last week over rising trade tensions around world ✔ U.S. benchmark crude gained 19 cents to $71.53 ✔ It added 0.5 percent to $71.34 a barrel in New York on Friday ✔ But worries about the increased tariffs the two sides have imposed on each other's goods, a move that tends to dampen growth, are contributing to volatility in financial markets


Spanish oil company Cepsa postpones bumper IPO, blames market rout

10/15/2018, 8:36:02 AM
Cepsa's owner, Abu Dhabi state investor Mubadala, had planned to raise about $2.3 billion. ✔ Luke MacGregor | Bloomberg | Getty Images The Monte Toledo oil tanker delivers a shipment of Iranian crude oil to an offshore pumping station at the Cia ✔ In this scenario, the appetite of international investors has retracted significantly, along with their willingness to participate in stock market listings such as the one being carried out by Cepsa, it said


Global stocks mostly slip on continuing global trade worries

10/15/2018, 12:18:10 PM
Asian stocks slipped Monday, as investor worries continued about global trade tensions and prospects for economic growth. ✔ THE QUOTE: The repercussions of trade tensions that had plagued global equity markets persist, said Jingyi Pan, market strategist at IG in Singapore ✔ ___ Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama On Instagram at https://www.instagram.com/yurikageyama/?hl=en


Jim Renacci and Sherrod Brown, Ohio U.S. Senate candidates, spar over health care, immigration

10/15/2018, 9:59:50 AM
Candidates in Ohio’s U.S. Senate campaign sparred Sunday over health care, approaches to climate change, student loan debt, immigration, tariffs and gun control in the first of three debates. ✔ By contrast, Our state government and our federal government continue to be in the pockets of the fossil fuel industry, Brown said ✔ Renacci said he supports clean air and water, but he said the state can’t walk away from the coal and natural gas industry ✔ The two have debates planned Saturday in Columbus and Oct. 26 in Oxford


Decline of rural US businesses contrasts with prospering cities

10/15/2018, 12:25:26 PM
undefined ✔ Five heavily urban counties Los Angeles, California; Brooklyn, New York; Harris, Texas; Queens, New York; and Miami-Dade, Florida generated a combined 55,500 businesses between 2007 and 2016 ✔ The states with the most residents living in prosperous areas were Utah, where almost half the population is living in a well-off community, followed by Colorado, Minnesota, New Hampshire and Massachusetts


SoftBank Tumble, Sears Bankruptcy, Brexit Stalemate: CEO Daily for October 15, 2018

10/15/2018, 10:15:05 AM
Must-read business news, delivered every morning. ✔ Turkish officials believe he was murdered and dismembered ✔ Forty-five percent of SoftBank’s big vision fund comes from the Saudi sovereign wealth fund ✔ and the EU on the issue of the border between Ireland and Northern Ireland ✔ Find previous editions here, and sign up for other Fortune newsletters here


'I’m President and You’re Not’: Trump Mocks CBS Anchor in Tense 60 Minutes Interview

10/15/2018, 12:11:09 PM
US President Donald Trump stuck his executive privilege in the face of CBS anchor Lesley Stahl during a tug-of-war moment in his interview with CBS, reminding her who was in charge and refusing to make a pledge she demanded. ✔ Trump's response was both condescending and assertive ✔ via GIPHY Trump’s patience ran out on Stahl as she was grilling him on the same topics that the mainstream media's attention has been nailed to lately ✔ We shouldn't be paying almost the entire cost of NATO to protect Europe ✔ And then on top of that, they take advantage of us on trade


Another Victim of the Trade Spat: U.S. Oil to China

10/15/2018, 12:15:12 PM
U.S. oil exports to China have slowed to a trickle amid the continuing trade spat between Washington and Beijing, in an abrupt reversal that is upending global crude trade flows and forcing American producers to find new buyers. ✔ But much of that lost trade has now gone to countries like Argentina and Brazil ✔ The tanker shipping industry is hurt when distant U.S. crude oil export destinations like China, are swapped for much shorter hauls into the Caribbean and South, North and Central America, said Peter Sand, chief shipping analyst at shipowners association Bimco


Fortune's Global Forum Kicks Off In Toronto With Justin Trudeau

10/15/2018, 1:00:28 PM
Canadian PM may have a lot to say about trade ✔ Advertisement FOOD FOR THOUGHT Whether it succeeds or fails, some day, books will be written about Google’s self-driving car efforts ✔ Was it the break up of pop star Ariana Grande and SNL actor Pete Davidson ✔ Find past issues, and sign up for other Fortune newsletters


Analysis | The Finance 202: Wall Street, Trump forced to confront Saudi ties

10/15/2018, 12:40:17 PM
Neither camp may be able to resist a reckoning with the oil giant. ✔ The factors that helped U.S. stocks to solidly outperform other global equity markets this year a booming tech sector, and seemingly little concern for the pace of the Federal Reserve’s interest rate increases faded sharply last week, when a sudden selloff left the S&P 500 down 5% for the month


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