Business News
Macron says France and U.S. reached digital tax deal
France and the United States have reached a deal to end a standoff over a French tax on big internet companies, French President Emmanuel Macron said on Monday.
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Business News
Trump sees possible U.S.-EU trade deal that would avert car tariffs
U.S. President Donald Trump on Monday said he thinks the United States will be able to reach a fair trade agreement with the European Union without imposing threatened tariffs on car imports, offering a potential lifeline to German carmakers.
Business News
Wall Street rises after Trump’s softer stance on trade
Wall Street’s main indexes rose 1% on Monday as U.S. President Donald Trump eased his stance on trade with China, calming investor nerves after an intense feud between the world’s top two economies last week sent stocks tumbling.
Business News
Oil falls as U.S.-Iran optimism faces U.S.-China trade deal hopes
Oil prices edged lower on Monday on the outlook for increased supply of Iranian crude after France’s president lifted hopes for a deal between Washington and Tehran, but losses were limited by growing hopes that the United States and China could make a deal to end their trade war.
Business News
Oklahoma judge to rule in $17 billion opioid lawsuit against J&J
An Oklahoma judge on Monday will decide whether Johnson & Johnson should be held liable in a $17 billion lawsuit alleging the drugmaker’s marketing practices fueled the opioid epidemic by flooding the market with painkillers.
Trading Ideas
Earnings Season Rocks North American Marijuana Market
Summer is coming to an end. The colder seasons are approaching. And if you enjoy downhill skiing, the three-month chart of the North American Marijuana Index probably looks like a lot fun…
But for pot stock investors, this isn’t the type of slope we want to see.
The index has fallen 9.7% so far in the month of August. But since May 23, it’s down 28.3%.
The sector has been rocked by scandal, then kicked while it was down by a series of earnings misses from Canadian producers in recent weeks.
But there’s another specter besides earnings haunting the cannabis sector…
Fed Up With the …read more […]
Business News
Trump says China trade deal coming, Beijing calls for resolution of dispute
U.S. President Donald Trump on Monday predicted a trade deal with China after positive gestures by Beijing, calming global markets that have been roiled by new tariffs from the world’s two largest economies.
Business News
Global stocks, dollar rise as Trump remarks ease China trade tensions
A global gauge of equities rose on Monday and the dollar recovered from earlier losses as U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations, after signs of escalation in the U.S.-China trade dispute had roiled markets earlier in the day.
Business News
U.S. business investment appears to struggle in third quarter
New orders for key U.S.-made capital goods rose modestly in July while shipments fell by the most in nearly three years, pointing to continued weakness in business investment and a slowdown in economic growth early in the third quarter.
Business News
Trump’s softer stance on trade pushes Wall Street higher
Wall Street’s main indexes rose on Monday as U.S. President Donald Trump eased his stance on trade with China, calming investor nerves after an intense feud between the world’s top two economies last week sent stocks tumbling.
Business News
Oil steadies as U.S.-Iran optimism faces U.S.-China trade deal hopes
Oil prices steadied on Monday after France’s president lifted hopes for a deal between the United States and Iran, while optimism for easing U.S.-China trade tensions supported prices.
Business News
Japan PM Abe: Stable U.S.-China relations crucial for global economy
Japanese Prime Minister Shinzo Abe said on Monday stable relations between the United States and China are “very important” not just for these economies, but for the sake of the global economy.
Trading Ideas
Economic Inequality: Why It’s Not a Bad Thing
Many people think that economic inequality is a huge problem in America, but that’s not true.
Today, Alexander Green explains how inequality shows that our free market system is working.
In my last column, I argued that – contrary to many voices on the far left and far right – capitalism doesn’t need to be reformed.
Those who claim that it does generally cite the same reason: economic inequality.
In particular, many politicians hope to garner enough votes to gain (or regain) elected office by promising to fix the problem with massive income redistribution.
Some agree, arguing that it is wrong for some Americans to …read more […]
Business News
Kraft Heinz brings back former CFO after accounting missteps
Kraft Heinz Co’s newly-appointed chief executive officer replaced finance chief David Knopf on Monday in what he said was a strategic decision, naming the more “seasoned” Paulo Basilio, after the company was forced to restate three years of results.
Business News
Trump says confident China sincere about wanting a trade deal
U.S. President Donald Trump said on Monday he was confident that China was sincere about wanting a trade deal with the United States because it had taken “a very large hit” in recent months.