Stocks to Suffer, But Forex Steady as Trump Ignores Americans and Fires Another Shot in Trade War
US stocks futures are rocked by the announcement on formalizing the Section 301 tariffs against China. DOW futures point to triple digit loss at open and could threaten 25000 handle. The forex markets are relatively calm though. Euro is paring...
Your first trade for Friday, June 15
The “Fast Money” traders shared their first moves for the market open. Tim Seymour is a buyer of Cemex. David Seaburg is a buyer of Adobe. Brian Kelly is a buyer of the SPDR Gold ETF. Guy Adami is a...
China says tariffs of ‘same scale’ coming immediately, indicates trade talks will need to start over
China’s Commerce Ministry said Friday that it will respond immediately on the same scale to the Trump administration’s new tariffs on Chinese goods worth up to $50 billion. “We will immediately introduce taxation measures of the same scale and the...
Shares of chipmaker NXP on wild ride amid conflicting reports about Chinese approval of Qualcomm bid
Shares of NXP Semiconductors rose in extended trading Friday amid conflicting reports about whether Chinese regulators have approved Qualcomm’s proposal to acquire the smaller chipmaker. NXP shares spiked more than 10 percent in after-hours trading Thursday following reports from South...
Twitter price target raised to $52 by UBS, citing World Cup
Twitter shares could add to strong gains this year as the World Cup spurs engagement and continued strength in ad sales gives the social media company a revenue boost, an analyst at UBS said Thursday. Eric Sheridan raised his price...
Trump to slap 25% tariffs on up to $50 billion of Chinese goods; China retaliates
The Trump administration will impose a 25 percent tariff on up to $50 billion in Chinese goods, a decision that brought swift retribution from Beijing as trade conflicts between the world’s two largest economies escalate. In a statement Friday, President...
Here’s how top investors are preparing for the ECB’s ‘easy-money’ exit
Now that the European Central Bank (ECB) has laid out plans to end its huge stimulus program, money managers are assessing how this affects their investments. Whether in the bond, stock or currency market, there are implications from the latest...
China promises fast response if US hurts its interests
China said on Friday it would respond quickly to protect itself if the United States hurts its interests, as U.S. President Trump gets ready to unveil revisions to his initial tariff list targeting $50 billion of Chinese goods. Chinese foreign...
Tariff standoff probably won’t cause lasting harm — as long as there’s not an all-out bloodletting
The prospect of a full blown trade war between the United States and China — the world’s two biggest economies — sounds scary for sure, but experts say there is little to fear so long as any tit-for-tat doesn’t dramatically...
Dollar Extending Post ECB Gains, Section 301 Tariffs Against China to be Formalized
Dollar is trading as the strongest one as partly helped by the post ECB selloff in Euro. In part, there were delayed reactions to the hawkish Fed announcement too, which indicates it will hike two more times this year. The...
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