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Trump readies tariffs on $200 billion more Chinese goods despite talks – source

September 14, 2018 admin Comments Off on Trump readies tariffs on $200 billion more Chinese goods despite talks – source

U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion (153.08 billion pounds)of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said on Friday. The green light for the tariffs, first reported by Bloomberg, initially dragged U.S. stocks lower, fuelled drops in the Chinese yuan in offshore trading (CNH=EBS) and gains in the dollar index (.DXY). The Trump administration has demanded that China cut its $375 billion trade surplus with the United States, end policies aimed at acquiring U.S. technologies …read more […]

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Trump readies tariffs on $200 billion more Chinese goods despite talks: source

September 14, 2018 admin Comments Off on Trump readies tariffs on $200 billion more Chinese goods despite talks: source

U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said on Friday. The green light for the tariffs, first reported by Bloomberg, initially dragged U.S. stocks lower, fueled drops in the Chinese yuan in offshore trading (CNH=EBS) and gains in the dollar index (.DXY). The Trump administration has demanded that China cut its $375 billion trade surplus with the United States, end policies aimed at acquiring U.S. technologies and intellectual …read more […]

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Wall Street near flat, Trump gives go ahead on China tariffs

September 14, 2018 admin Comments Off on Wall Street near flat, Trump gives go ahead on China tariffs

U.S. stocks were flat on Friday after President Donald Trump instructed aides to proceed with tariffs on about $200 billion of Chinese products, while financial shares gained with bond yields. A source familiar with the situation confirmed reports initially carried by both Bloomberg and Fox News on the moves by the White House. U.S. Treasury yields rose above 3 percent earlier in the day but were last off those levels. …read more […]

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Space X sending its first passenger to the moon

September 14, 2018 admin Comments Off on Space X sending its first passenger to the moon

Elon Musk’s space transportation company, Space X, is sending the world’s first private passenger to fly around the moon. The company will announce who the lucky passenger is on Monday, September 17. Yahoo Finance’s Seana Smith, Dion Rabouin, Jennifer Rogers and Ethan Wolff-Mann discuss. …read more […]

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Costco Wholesale Corporation (COST) Is a Victim of Its Own Success

September 14, 2018 admin Comments Off on Costco Wholesale Corporation (COST) Is a Victim of Its Own Success

After reporting consistent earnings and same-store sales beats throughout 2018 that have sent its stock up more than 30 percent on the year to new all-time highs, Costco Wholesale Corporation (NYSE: COST) may finally be becoming a victim of its own success. Wells Fargo analyst Edward Kelly downgraded COST stock from “outperform” to “market perform” and says it will be difficult for Costco to impress the market at this point. Kelly says Costco’s performance has been stellar in recent quarters, but it’s unlikely the company will continue to deliver its impressive sales growth in 2019. …read more […]

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Sears sales decline improved in latest quarter; shares soar

September 13, 2018 admin Comments Off on Sears sales decline improved in latest quarter; shares soar

Sears Holdings Corp., the struggling department store operator, said it key sales figure improved and its stock soared in after-hours trading Thursday. The company, which owns both Sears and Kmart, said sales fell 3.9 percent at established stores in its second quarter. Sears has been closing stores, cutting costings and selling brands as it burns through money and sees more customers abandon its often-neglected locations. …read more […]