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Amazon dethrones Tesla as the stock short sellers hate the most (TSLA, AMZN)

August 31, 2018 admin Comments Off on Amazon dethrones Tesla as the stock short sellers hate the most (TSLA, AMZN)

The e-commerce giant dethroned Elon Musk’s car company Thursday as the most heavily shorted stock as shares climbed above $2,000 for the first time. Less than one week after Tesla CEO Elon Musk ended his bid to take the electric-car company private, Amazon has passed it as the most-shorted US stock. Short interest in Amazon climbed to $9.97 billion on Friday, according to data from S3 partners, passing the $9.83 billion in bets against Tesla’s stock, which for months has been the most-shorted name in the market. …read more […]

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Trading Ideas

Global shares extend falls on Trump trade threats

August 31, 2018 admin Comments Off on Global shares extend falls on Trump trade threats

Global stocks fell for a second day on Friday as a report that U.S. President Donald Trump was preparing to step up a trade war with Beijing dampened risk appetite and erased some of the gains made in a rally this week. Trump is ready to impose tariffs on $200 billion more in Chinese imports as soon as a public comment period on the plan ends next week, Bloomberg News reported on Thursday. The White House declined comment.. …read more […]

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Trading Ideas

Juncker pledges to boost auto tariffs if Trump reneges on agreement

August 31, 2018 admin Comments Off on Juncker pledges to boost auto tariffs if Trump reneges on agreement

The European Union will respond in kind if U.S. President Donald Trump reneges on his pledge not to impose car tariffs, European Commission President Jean-Claude Juncker said as trade tensions between Europe and the United States rose again. Juncker told German broadcaster ZDF on Friday that the EU would not let anyone determine its trade policies. Trump rejected on Thursday an EU offer to eliminate tariffs on cars and said the EU’s trade policies are “almost as bad as China”, Bloomberg News reported. …read more […]

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Business News

Danger to oil demand from trade wars may offset price boost from Iran: Reuters poll

August 31, 2018 admin Comments Off on Danger to oil demand from trade wars may offset price boost from Iran: Reuters poll

Oil analysts cut their price forecasts for 2018 for the first time in almost a year in August, given growing concern over the impact on crude demand from escalating trade tensions, although falling supply, particularly from Iran, would likely limit losses, a Reuters poll showed on Friday.

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