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Trump's 'Space Force' could fuel a new $1 trillion economy, Morgan Stanley says

President Donald Trump’s proposed “Space Force” could help fuel the $1 trillion intergalactic economy, Morgan Stanley says. If President Donald Trump successfully organizes his so-called Space Force, it could speed up investment in what Morgan Stanley sees as the next trillion-dollar economy. Morgan Stanley has already identified 20 stocks staking their place in the space race, and says it’s monitoring 100 other private companies across sectors including satellite internet, rockets, space tourism, and asteroid mining as the push to pioneer this new frontier heats up. …read more […]

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BIS warns of trade war threat but says rates should keep rising

The Bank for International Settlements (BIS) urged the world’s top central banks to keep lifting interest rates on Sunday, but warned escalating trade tensions between the United States and China could turn into a dangerous downward spiral. The new head of the BIS, former Mexican central bank chief Agustin Carstens, spoke to Reuters as the central bank umbrella group delivered its first annual report under his watch. …read more […]