The long-awaited U.S.-China trade deal unveiled on Wednesday touted new wins for U.S. financial firms looking to access China’s $4 trillion financial market, but many of the changes were already in train even before the trade war ignited.
Bernstein lowered its rating of Beyond meat to market perform. Yahoo Finance’s Seana Smith and Heidi Chung discuss on The Ticker. …read more […]
The S&P 500 rose to trade near all-time high on Wednesday after the United States and China signed a Phase 1 trade agreement and pledged to resolve their longstanding tariff dispute that has roiled financial markets in the recent years.
Three summers ago, my brother took me to one of his favorite bars in New York. (He worked for a hedge fund at the time.) Later that evening, there would be live music and a large raucous crowd. Conversation would be impossible. But while it was relatively quiet, my brother discussed a recent investment proposal he turned down.
It was brought to him by a startup that’s now a household name. It wasn’t a well-known company back then. But everyone in the startup investing business knew about it. And everyone wanted a piece of this startup – except for my brother.
His …read more […]
Chinese President Xi Jinping told U.S. President Donald Trump in a letter that he welcomes the Phase 1 trade deal reached with the United States and that he is willing to stay in close touch with the American leader.
Taking the occasional loss comes part and parcel with investing on the stock market. Anyone who held Spectrum… …read more […]
Target Corp fell short of its own expectations for holiday season sales on Wednesday, reporting a drop off in online growth and demand for toys and electronics that sent a shiver through the wider U.S. retail sector.
China has agreed to increase purchase $76.7 billion worth of U.S. goods in the first year of the newly signed Phase 1 trade deal with the United States, with $123.3 billion slated for the second year, according to the text of the agreement released on Wednesday.
It might seem a little incongruous to suggest Roku (ROKU) could be this decade’s Netflix. However, following a breakout year, the claim might not be such an outlandish one to make. Netflix was the 2010s’ most successful stock, and similarly disruptive. So, could Roku have the same impact in the 2020s?Roku’s share price rose by 349% in 2019, bolstered by a series of earnings reports that beat the Street’s estimates. While investors are surely happy with such mighty returns, the big question is whether now is really the time to invest in the streaming player company.According to some on the …read more […]
U.S. President Donald Trump on Wednesday urged Boeing Co to move quickly to resolve issues with the grounded 737 MAX, noting the planemaker’s significant impact on the U.S. economy.
U.S. President Donald Trump and Chinese Vice Premier Liu He signed a deal on Wednesday in the White House that cut some U.S. tariffs on Chinese goods in exchange for Chinese pledges to purchase more of American farm, energy and manufactured goods and address some U.S. complaints about intellectual property practices.
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Tesla Inc. may be the single largest beneficiary of a provision tucked into the trade deal between the U.S. and China.As part of the accord signed Wednesday, China will import more energy storage systems and parts from the U.S. this year and next. Tesla’s Gigafactory in Nevada is by far the largest battery plant in the U.S., representing 42% of nationwide production, according to data from BloombergNEF. No other manufacturer in America comes close to its capacity.While most of Tesla’s …read more […]
Goldman Sachs Group Inc will set an expense target at its investor day later this month, management said on Wednesday, after the bank missed Wall Street profit expectations due to inflated costs.
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark trade deal signed by the world’s two top economic superpowers.The purchases over two years will include liquefied natural gas, crude oil, refined products and coal, the U.S. government said Wednesday in Washington. It didn’t provide additional details on the energy purchases, which comprise about a quarter of the $200 billion total of extra imports that China has committed to.The accord is a promising sign …read more […]
The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world’s two largest economies.
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