Tag Archives: trade

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US Treasury Labels China a Currency Manipulator; Dow Futures Resume Plunge

The U.S. Treasury Department declared China to be manipulating its currency to gain unfair advantage in international trade late Monday, a move that will trigger formal action from Washington that could accelerate tensions between the world’s two biggest economies. Treasury Secretary Steve Mnuchin will “engage with the International Monetary Fund” to eliminate what the department said was

Streetcar Maker Aided By Buy-America Laws EU Firms Want Relaxed

Union Pacific Rallies 6.2% After Earnings Beat, But Freight Volumes Slide

Union Pacific (UNP)  posted stronger-than-expected second quarter earnings Thursday, even as freight revenue declined, easing investor concern over a trade-related slump in the U.S. transport sector. Union Pacific said earnings for the three months ending in June came in at $2.22 per share, up 12.1% from the same period last year and well ahead of

Dow Futures Dip, Dollar Slides as Trade Concerns Trim Risk Appetite Ahead of G20

The Tuesday Market Minute U.S. stock futures retreat, dollar wanes as investors peel back from recent equity market highs and take a defensive stance on risk ahead of this weekend’s G20 Summit in Japan. The U.S. dollar slumps to a fresh 3-month low as investors aggressively price in rate cut bets ahead of five Fed

Nvidia, Lumentum Among Beaten Down Gems, Providing the Market Will Cooperate

Are we at the beginning of a slump in enterprise tech demand? It’s a worthwhile question, because it determines whether or not one should dip a hand into several beaten-down tech stocks of companies that are real gems. Nvidia (NVDA) , Intel (INTC) , Micron Technology (MU) , Lumentum Holdings (LITE) are four names that

Costco Shares Slip After Solid Q3 Earnings as Tariff Threat Pressures Prices

Costco Wholesale Corp. (COST) shares traded lower Friday after the wholesale shopping club group said it may have to raise prices in order to offset potential tariffs on China imports even as it posted stronger-than-expected third quarter earnings. Costco said diluted earnings for the three months ending on May 12, the company’s fiscal third quarter, came in

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S&P 500 Moves Back Toward Record Levels Even With Trade War Heating Up

The return of the records. The last time the Standard & Poor’s 500 Index set a record was back on January 26, culminating an equities rally fueled by optimism about the lower corporate taxes and relaxed regulatory environment ushered in by the Trump administration. Since then though, investors have declined to bid the benchmark any

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