The Trump administration is touting the U.S.-China Phase 1 trade deal’s dispute settlement and enforcement mechanism as the major difference between the 86-page agreement unveiled on Tuesday and past pledges by Beijing to change its trade practices.
He listed familiar grievances, praised and criticized his guests, and seemed to blow off some steam.
Oil prices rose on Thursday, propelled higher by the long-anticipated signing of an initial trade deal between Washington and Beijing that sets the stage for a potentially huge increase in energy supplies from the United States to China.
U.S. energy exports to China, mostly crude oil and natural gas, will climb as the world’s two largest economies struck a trade agreement after a more than year-long tariff war, executives and traders said on Wednesday.
Completion of the Phase 1 U.S.-China trade deal and a new North American trade agreement will boost the U.S. gross domestic product (GDP) by a combined 50 to 75 basis points, U.S. Treasury Secretary Steven Mnuchin told Fox News on Wednesday.
China has agreed to buy two types of rare earth metals from the United States as part of an initial trade deal inked on Wednesday, a move likely to boost U.S. production of the strategic minerals.
China’s pledge to buy U.S. farm goods based on “market conditions” during the Phase 1 trade deal signing ceremony on Wednesday added to doubts among farmers and commodity traders over Beijing’s lingering tariffs on U.S. exports.
The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved.
A funny thing happened on the way to the U.S.-China trade deal signing: President Donald Trump may have tipped his next pick for head of the Federal Reserve — if he gets the chance.
The Dow ended above 29,000 for the first time on Wednesday and the S&P 500 also closed at a record high after the United States and China signed a Phase 1 trade agreement and pledged to resolve a tariff dispute that has roiled Wall Street for over a year.
A group of U.S. states suing to block T-Mobile US Inc from merging with Sprint Corp on Wednesday told a federal judge that the deal would raise prices for consumers, while the phone companies pushed back and emphasized they would compete aggressively to push prices down.
XPO Logistics CEO Bradley Jacobs is looking to take shareholder value creation to the next level. …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The biggest U.S. card companies just moved a step closer to gaining access to China’s $27 trillion payments market.China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co., according the text of a landmark trade agreement with the U.S. It should be an especially welcome reprieve for Mastercard and its partner NetsUnion Clearing Corp., which set up a venture in March that is still awaiting …read more […]
New Residential Investment Corp. (NYSE: NRZ) is one of the most requested stocks in the Safety Net column.
That’s not too surprising considering the stock pays a 12.1% dividend yield and has never cut the payout. In fact, it has raised the dividend five times since it began paying one in 2013.
The $0.50 per share quarterly dividend has remained the same since June 2017.
New Residential Investment is a mortgage REIT. It borrows money short term and lends it out long term at higher interest rates.
When I covered the company in this column in May, the dividend safety rating was lowered because …read more […]
Key world equity indexes climbed to new records on Wednesday on hopes a U.S.-China trade deal will reduce harmful tensions, but oil prices slid on doubts the pact will spur world growth and boost crude demand.
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