Business News
U.S., China impose further tariffs, escalating trade war
The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of the other’s goods.
Articles by Editor
Trading Ideas
Alibaba Platform 'Very Strong,' Shares Have Upside, Kim Eng Says
Aug.22 — Mitchell Kim, an analyst at Kim Eng Securities, talks about Alibaba Group, which reports results Thursday. Kim speaks with Yvonne Man, Lulu Chen and Ramy Inocencio on “Bloomberg Daybreak: Asia.” …read more […]
Business News
Asian shares fall as U.S. tariff deadline on China looms
Asian shares slipped on Thursday as a deadline loomed for fresh U.S. tariffs on China and amid speculation U.S. President Donald Trump’s political position could be threatened by the legal woes of two former advisers.
Trading Ideas
CenturyLink Earnings Show the Turnaround Is Underway
The company is hitting and exceeding its post-merger targets, turning more investors into believers. …read more […]
Business News
Saudi energy minister denies Aramco IPO will be called off
Saudi Arabia’s energy minister denied a Reuters report that state oil giant Aramco’s initial public offering will be called off, in a statement issued early on Thursday.
Trading Ideas
Even under indictment, California congressman is favorite
The indictment of U.S. Rep. Duncan Hunter and his wife that alleges they illegally converted his campaign account into a household checkbook reorders his re-election contest, giving Democrats a suddenly stronger hand in a district that for decades has embraced Republican candidates. Two months ago Hunter coasted through the June primary despite the ongoing FBI investigation that produced the 60-count indictment. The 50th Congressional District east of San Diego is the most Republican in Southern California. …read more […]
Business News
Caution creeps into Asian markets as U.S. tariff deadline looms
Asian shares started cautiously on Thursday as a deadline loomed for fresh U.S. tariffs on China and amid speculation U.S. President Donald Trump’s political position could be threatened by the legal woes of two former advisers.
Business News
U.S. economy set to slow from here on, damaged by trade war: Reuters poll
U.S. economic growth will slow steadily over the coming quarters after touching a four-year high in April-June, according to a Reuters poll of economists who expect President Donald Trump’s trade war to inflict damage.
Trading Ideas
MOVES-MetLife names new bosses for its Asia business
U.S. insurer MetLife Inc on Wednesday named Kishore Ponnavolu as president of the company’s Asia region, while Rebecca Tadikonda was named head of strategic growth markets for the region. Ponnavolu is the current head of the insurer’s auto and home business in the United States, while Tadikonda is MetLife’s chief strategy officer. Both appointments are effective on Sept. 1. …read more […]
Trading Ideas
Alibaba (BABA) Stock Dips Ahead of Earnings: What to Watch
Alibaba (BABA) saw its stock price slip marginally during regular trading hours Wednesday as part of a nearly 10% decline over the last three months. BABA’s dip signals that investors are skeptical about the Chinese e-commerce powerhouse. So let’s see what they should really expect from Alibaba’s quarterly results, which are due out before the opening bell Thursday. …read more […]
Business News
U.S. and China officials meet as Thursday tariff deadline looms
U.S. and Chinese officials met for the first time in more than two months to try find a way out of their deepening trade conflict, but there was no evidence that the low-key discussions would halt a new round of U.S. tariffs due on Thursday.
Business News
Bombardier names Danny Di Perna as aerospace COO
Bombardier Inc on Wednesday appointed Danny Di Perna as its aerospace unit’s chief operating officer.
Trading Ideas
Don’t Hit the Buy Button on iQiyi Stock Just Yet
If this is money you could just as easily burn, then go right ahead and buy IQ stock. While it’s true that iQiyi (pronounced eye-CHEE-yee) could become a big winner, little is certain, especially in the China market (IQ also operates in Taiwan). There are important differences between how iQiyi and Netflix operate that you want to keep in mind. …read more […]
Trading Ideas
Intel (INTC) Dips More Than Broader Markets: What You Should Know
Intel (INTC) closed the most recent trading day at $47.05, moving -1.2% from the previous trading session. …read more […]
Trading Ideas
Apple Roundup: Berkshire, $2 Trillion, Teen Hacks, FaceTime
Last week, Berkshire stocked up on Apple (AAPL) shares, a longtime analyst talked about the next trillion dollars in its valuation, an Aussie teen hacked in to its computer and more. …read more […]