Tag Archives: Trump

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Huawei-Related Stocks Gain on License Extension From Trump Administration

Stocks of companies doing significant business with Huawei rose Monday after the Trump administration extended a key license for the the Chinese telecom giant. The Commerce Department said Huawei could continue to buy U.S. parts for another three months, providing something of an olive branch in the ongoing trade war between the U.S. and China.

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

Trump Tweets Facebook’s Libra ‘Will Have Little Standing or Dependability”

President Donald Trump tweeted late Thursday that Facebook, Inc.’s Libra   (FB)  virtual currency will have “little standing or dependability,” and suggested that the social media giant would have to seek a banking charter to proceed with the project. “If Facebook and other companies want to become a bank, they must seek a new Banking Charter

Fourth of July Gas Prices Creep Higher, But Remain 15 Cents Lower Than 2018

U.S. gas prices are creeping higher this week, owing to an extended rally in global oil markets and a weaker dollar, but drivers are still set to pay some 15 cents less per gallon over the July Fourth holiday and the weekend that follows, adding more than $100 million in extra spending power to the

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

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Gold Hits Fresh Six-Year High as Bond Yields Tumble, Dollar Slides

Gold prices climbed to a fresh six-year high Monday, while the U.S. dollar extended declines and some European government bonds hit new all-time lows, as investors retreated into risk-free assets ahead of this weekend’s G20 Summit in Japan and simmering military tensions in the Gulf Region. Spot gold prices hit $1,438.63 per ounce in overnight

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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