U.S. stock futures on Thursday were bouncing around as Wall Street digests the second successive rate cut of 2019 by the Federal Reserve that is intended to forestall sluggish global growth and harmful trade clashes. However, the central bank failed to signal a commitment to further interest-rate reductions or kickRead More →
Bloomberg Mark Carney, governor of the Bank of England, walks with Jerome Powell, chairman of the Federal Reserve, during the Fed’s summer retreat in Jackson Hole, Wyo. The Federal Reserve Wednesday lowered its benchmark interest rate by a quarter-point, and many of the central bank’s monetary-policy makers said they believedRead More →
Shares of Air France-KLM on Monday nosedived on a warning over bookings, and other airlines weakened, in mostly listless European stock markets on Monday. Air France-KLM shares AF, -8.13% plunged 9% as the airline said “close-in bookings in the peak travel period are weaker than foreseen in view of softeningRead More →
Getty Images Dollar General has managed tariffs so far, but the trade war between the U.S. and China presses on Dollar General Inc., PVH Corp. and other retailers used their earnings releases this season to highlight efforts to manage increased tariffs, showing just how close the trade war between theRead More →
Gold prices headed lower for a second straight session Thursday, pulling back from the more-than-six year highs seen earlier this week, as China calmed some fears over trade tensions, prompting gains in the stock market and dulling haven demand for the yellow metal. Geopolitical worries were soothed after a spokesmanRead More →
There appears to be something wrong with the American consumer. While recent stock-market volatility, uncertainty over the U.S.-China trade war and the yield-curve inversion have fueled worries of an impending recession, many on Wall Street, in the White House and in the Federal Reserve have remained fairly upbeat on theRead More →
Bloomberg Forrmer Fed Vice Chairman Alan Blinder talks at Jackson Hole President Donald Trump’s trade war with China is likely to generate a supply shock for the U.S. economy similar to the stagflation that hamstrung the U.S. economy after the 1973-1974 OPEC oil embargo, a former top Federal Reserve officialRead More →
Getty Images A great wall evidently separates the U.S. and China on trade, with potentially ominous implications for the global economy. Investors and businesses, goes a Wall Street truism, hate uncertainty and don’t react very well to it. Well, get used to uncertain times: The Chinese trade fight isn’t endingRead More →
Getty Chinese President Xi Jinping and President Donald Trump are locked in an impasse over trade. China and the United States on Friday announced they would raise tariffs on each other, marking the latest volley in a widening trade war that has damaged the global economy and could pose aRead More →
Markets are gearing up for more volatility Are you tired of being told to fasten your seat belt? The next few weeks are chock-full of big events that could spell heartburn for global financial markets. Investors will need a strong stomach to get through international trade disputes, Britain’s march towardRead More →
Escalating trade war tensions and recession fears have hammered stocks in recent weeks but things may not be as bad as they seem. Last Monday was the worst day of the year for U.S. stocks as the Chinese yuan fell below a key level in retaliation to President Donald Trump’sRead More →
A rally in stocks on Tuesday may take shape after an ugly Monday selloff, but any rebound ought to be treated with a heavy dose of skepticism, and as preparation for the next wave of selling, warns one quantitative analyst at Nomura. Macro strategist Masanari Takada, in a note onRead More →
Bloomberg News Members of the People’s Armed Police walk past the National Museum of China at Tiananmen Square in Beijing. Looking for an investing strategy as the U.S.-China trade war rolls on? There may be an ETF for that, whether you feel most comfortable with as little risk as possible,Read More →
Europe stocks dropped sharply on Monday on concerns about being caught up in escalating U.S.-China trade tensions. The Stoxx Europe 600 SXXP, -1.84% index slumped 2.06% to 370.37, in broad-based selling. The U.K. FTSE 100 index UKX, -2.10% slumped 2.24% to 7241.13, the German DAX DAX, -1.49% skidded 1.81%Read More →
Maybe investors got a little too relaxed about the U.S.-China trade war. After the stock market’s worst week of 2019, that’s not the case any more. And if history is a guide, they should probably remain on their toes, analysts said. “I think the U.S. market, having been recently atRead More →
Qualcomm Inc. is getting hurt by the U.S.-China trade war, just as the world’s biggest economies move to the next generation of cell-phone-network technology. Qualcomm QCOM, -2.21% gave a disappointing outlook for its fourth quarter Wednesday, with much of the disappointment coming from two big issues related to China: tradeRead More →
Personal computer shipments grew in the spring after two consecutive quarters of decline, which could be good for the coming results from chip makers and PC manufacturers, but brings up questions about the second half. Two analyses of second-quarter PC shipments said Thursday that PC shipments grew: Gartner Inc. reportedRead More →
London markets edged up on a quiet morning’s trading as Independence Day put the brakes on the FTSE 100. The U.K.’s blue-chip index was subdued on Thursday with U.S. markets closed for Fourth of July celebrations. The holiday stopped the FTSE 100’s momentum after strong gains earlier this week followingRead More →
Treasury yields rose Monday after a meeting between President Donald Trump and Chinese leader Xi Jinping over the weekend led to a temporary cessation of trade hostilities between the two parties. What’s driving Treasurys? The 10-year Treasury note yield TMUBMUSD10Y, +1.03% rose 3.2 basis points to 2.033%, while the two-yearRead More →
President Donald Trump says the alternative to a trade pact with China is simple: collect tariffs and do less business with the second-largest economy. ‘PLAN B’ In a wide-ranging interview with Fox Business’s Maria Bartiromo Wednesday morning, Trump suggested that he’s happy to receive import duties from China if effortsRead More →
One of the critiques of the Trump administration’s tariff policy on China is that while it raises the cost of doing business in one low-cost country, it just pushes multinationals to do business in another. Some evidence has emerged that companies have taken business elsewhere after the 25% tariffs imposedRead More →
Investors are laser-focused on this weekend’s G-20 meeting in Japan, but famed hedge-fund manager Kyle Bass predicted that nothing of importance will be achieved there, and that investors should prepare for President Donald Trump to slap tariffs on every last dollar of Chinese imports. President Donald Trump and Chinese PresidentRead More →
Investors who own Axon Enterprise Inc. should brace for the stock to lose half its value, according to well-known short seller Spruce Point Capital Management, which issued a “strong sell” opinion on the law-enforcement technology company, that was formerly known as Taser International. In a research report released publicly onRead More →
Getty Images Kenneth Cole shoes may be about to get more expensive. President Donald Trump may not have a deadline for a trade deal that averts fresh duties on Chinese products coming into the U.S., but for people like Karen Giberson, the sooner, the better. Trump, when asked last weekRead More →
Asian shares were mostly higher Monday amid a wait-and-see attitude about the direction of interest rates and the trade dispute between the U.S. and China. Japan’s benchmark Nikkei 225 NIK, +0.09% gained 0.1% in morning trading. Australia’s S&P/ASX 200 XJO, -0.22% lost 0.s%, while South Korea’s Kospi 180721,Read More →
