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Trading Ideas

1st private moon flight passenger to invite creative guests

LOS ANGELES (AP) — After announcing that he’ll take the first-ever commercial rocket trip around the moon, Yusaku Maezawa said he wants company for the weeklong journey. The Japanese billionaire said he plans to invite six to eight artists, architects, designers and other creative people to join him on board the SpaceX rocket “to inspire the dreamer in all of us.” …read more […]

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Trading Ideas

Asian shares rebound even as Sino-U.S. trade tensions intensify

Asian shares rebounded on Tuesday as Chinese markets proved resilient to a new round of tariffs from the United States although the mood was cautious as investors braced for a further escalation of tensions between the two giants. U.S. stock futures reversed early losses, with E-Minis for the S&P 500 (ESc1) and the Dow (1YMc1) up slightly. Investors were nervous after U.S. President Donald Trump imposed 10 percent tariffs on an additional $200 billion worth of Chinese imports, and warned of duties on more products if China took retaliatory action. …read more […]

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Business News

Trade war impact on China’s economy not big, but stocks, FX need to be watched – central bank adviser

The impact on China’s economy from Beijing’s and Washington’s ongoing trade war is not significant, but the impact on stock and currency markets needs to be watched, an adviser to China’s central bank said on Tuesday.

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Trading Ideas

Trump hits China with fresh tariffs, threatens more if Beijing retaliates

WASHINGTON/TIANJIN (Reuters) – U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations. China is reviewing plans to send a delegation to Washington for fresh talks in light of the U.S. decision, the South China Morning Post reported on Tuesday, citing a government source in Beijing, raising the risk of a prolonged trade battle between the world’s largest economies that could hit global growth. U.S. trade actions against China will not work as China …read more […]

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Trading Ideas

Audi launches electric SUV in Tesla’s backyard, with assist from Amazon

German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc (TSLA.O), and highlighted a deal with Amazon.com Inc (AMZN.O) to make recharging its forthcoming e-tron models easier. The Audi e-tron midsize SUV will be offered in the United States next year at a starting price of $75,795 (£57,656) before a $7,500 tax credit. It is one of a volley of electric vehicles coming from Volkswagen AG (VOWG.DE) brands, as well as other European premium brands including Daimler-owned (DAIGn.DE) Mercedes-Benz, BMW (BMWG.DE), Volvo …read more […]