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Business News

Trump’s tariffs cost U.S. companies $46 billion to date, data shows

Tariffs imposed by President Donald Trump to restructure the United States’s top trade relationships have cost American companies $46 billion since February 2018, and U.S. exports of goods hit by retaliatory tariffs have fallen sharply, according to an analysis of Commerce Department data.

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Business News

NY Fed’s Williams says central bank can avert ‘downward trend’ in inflation expectations

U.S. central bank officials need to hold themselves accountable and boost communication of their strategy as they grapple with the challenge of preventing inflation – and inflation expectations – from falling too low, a senior Fed official said Thursday.

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Trading Ideas

World’s Most Bearish Fund Hates Tesla, Apple But Likes This Stock

We recently came across an Australian publicly traded investment fund’s investor letter. East 72 is one of the most bearish fund’s in the world at the moment with a net exposure greater than -100%. That means they are more than short the entire market. Obviously being short didn’t help with generating positive returns as the […] …read more […]

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Boeing Shares Rise on Speculation Missile Downed Ukrainian Jet

(Bloomberg) — Boeing Co. shares rose on reports that an accidental missile strike or terrorist bomb, rather than mechanical mishap, may be responsible for the crash of Ukrainian jet near Tehran on Wednesday.Ukraine International Airlines Flight 752 disappeared from radar screens at 8,000 feet, and witnesses said they saw it on fire in the air, according to Iran’s Civil Aviation Organization. The flight-data and cockpit-voice recorders were damaged but their core memory appears to be accessible, a report by the aviation organization said.The findings are the first officially released from a probe fraught with difficulty amid heightened U.S.-Iranian tensions. Ukraine …read more […]

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Trading Ideas

Lessons From the “China Miracle”

In the mid-2000s, investing in China was all the rage. But what happened to all the hype?
Today, Nicholas Vardy shares some lessons from the “China miracle” along with his predictions about China’s future impact on global wealth.

Back in the mid-2000s, investing in China was all the rage.
Memories of the dot-com bust faded. U.S. investors piled into Chinese stocks, looking to make their next fortune.
At the MoneyShow conferences, editors of China newsletters attracted thousands of investors to their talks.
Hundreds of others took cruises to China to witness Shanghai’s modern skyline in person.
Even Warren Buffett entered the fray, buying $488 million worth …read more […]

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SECURE Act Retirement Bill Makes Important Changes for Better or for Worse

The SECURE act retirement bill is now in effect after President Trump signed off before Christmas. The new retirement legislation is part of the spending bill and it will affect everyone in some way or another.
The SECURE Act stands for “Setting Every Community Up For Retirement Enhancement.” It originally passed through the House in July and Senate approved it in mid-December. President Trump made it official on December 20th, by signing the new bill into law.

What is the SECURE Act Retirement Bill?
This bill aims to prevent older Americans from outliving their assets. It also includes other crucial provisions with big …read more […]