U.S. stocks surged more than 1.5% on Tuesday after the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 4% rally in shares of iPhone maker Apple Inc.
The U.S.-China trade war is heating up with recently announced tariffs and retaliations.
Today, Alexander Green explains how the trade war has affected the economy and what the impact could mean for Trump’s reelection.
The trade war between the U.S. and China is heating up.
And while both sides are suffering, American businesspeople, investors and consumers – as well as President Trump – stand to lose a lot.
A quick recap of what’s happened lately…
Unhappy with the lack of progress in trade negotiations, Trump threatened a 10% tariff on $300 billion worth of Chinese goods beginning September 1.
(The previous tariffs primarily hit American farmers …read more […]
Pot stocks are volatile. Though I’m sure you don’t need to be told that.
And even though the sector is getting some mainstream momentum, it remains a speculative area of the market… at least for now.
But that doesn’t mean we can’t apply traditional metrics to cannabis companies.
Besides revenue growth, we’ve looked at price-to-sales ratio, price-to-book ratio and other ways to identify whether these young companies are overvalued or undervalued.
Well, today, we’re going to the extreme. We’re looking at weed stocks using one of the most conservative valuation metrics there is: price to tangible book value (PTBV).
PTBV represents the price of shares …read more […]
U.S. President Donald Trump said on Tuesday his administration decided to delay tariffs on some Chinese imports until mid-December to avoid hurting U.S. shoppers heading into the Christmas holiday.
Boeing Co delivered 38% fewer planes in the first seven months of 2019 than the same period a year earlier, as the grounding and doubts around the future of its best-selling 737 MAX jets hurt operations.
U.S. consumer prices increased broadly in July, but the signs of an acceleration in inflation will likely do little to change market expectations that the Federal Reserve will cut interest rates again next month amid worsening trade tensions.
A protracted trade war between China and the United States, the world’s largest economies, and a deteriorating global growth outlook has left investors apprehensive about the end to the longest expansion in American history.
Some consumer electronics items spared from previous U.S. tariffs on Chinese goods, including smart watches, fitness trackers, smart speakers and Bluetooth headphones, were not given a reprieve by the Trump administration’s delays in some tariffs on Tuesday.
U.S. stocks surged more than 1.5% on Tuesday after the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 4% rally in shares of iPhone maker Apple Inc.
Oil prices rose over 3% on Tuesday after the United States said it will delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummelled the market in recent months.
More people in the United States appear to be struggling to keep up with their credit card and student loan debt, which could put pressure on one of the strongest drivers of economic growth.
The Trump administration on Tuesday delayed imposing a 10% import tariff on laptops, cell phones, video game consoles and some other products made in China that had been scheduled to start next month, in an abrupt pull-back from a hardline stance on Chinese trade.
The Trump administration on Tuesday released a 21-page list detailing an extensive array of Chinese imports for which it has decided to delay a new 10% tariff from Sept. 1 to Dec. 15, ranging from frozen fish to fireworks, sports equipment and baby gear.
U.S. stocks surged almost 2% on Tuesday as the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 5% surge in shares in iPhone maker Apple Inc.
Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S. sanctions against parent Petroleos de Venezuela (PDVSA).
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