US Stock Markets Crashed And Eventually Lost Up To 3%
Markets Friday’s trading session was long earmarked to be all about Fed Chair Powell’s key note address at the Jackson Hole symposium. Eventually, it was again US President Trump who made all the headlines. The Chinese Ministry of Finance started...
Yen Jumps on Trade War Escalation, Yuan Tumbles
Yen surges broadly as Asian markets tumble sharply on US-China trade war escalation. Gold also resumed recent up trend and hit as high as 1555. But traders turn a bit more cautious as mixed messages came out of China. A...
Trump wants US companies to leave China. Here’s what it could mean for Chinese businesses
A Chinese denim factory STR | AFP | Getty Images BEIJING — As trade tensions rise, American firms are facing an increasingly complex environment in China, while Chinese companies are looking for ways to adapt — all that may present...
Poker players don’t take home the stacks of cash you see on TV — here’s who does
In the early 2000s, professional poker reached new heights in popularity. Between ESPN, the 1998 movie “Rounders,” and Chris Moneymaker’s out-of-nowhere win at the 2003 World Series of Poker, the lure of turning professional and earning millions brought many to...
Sentiments Sank as Abrupt US-China Trade War Escalation Raises Risk of Cold War
Last week started with anticipation of Fed Chair Jerome Powell’s Jackson Hole speech, but ended with shocked escalation of US-China trade war. Risk aversion should continue to dominate the markets this week, as hard-line rhetorics are expected from both sides....
How Goldman Sachs nabbed the top three tech deals of 2019 and took a big lead in M&A
Sam Britton, head of tech, media and telecom M&A at Goldman Sachs Source: Goldman Sachs In the perpetual battle for tech investment banking supremacy, Goldman Sachs has taken a commanding lead this year over its Wall Street rivals, thanks to...
Solar drives Fifth Third to add investment bankers
Conditions are proving attractive for regional investment banks in the US to build organically or through acquisitions – and sometimes via the middle ground of bringing in a team from another firm. The last few months have seen Capital One...
HSBC needs balance and guile in Hong Kong and China
It’s irresistible to join dots. It’s natural, and just a bit exhilarating, to see patterns, messages, truths. Observers of HSBC are seeing a lot of dots and are pondering how many of them to connect. Among them: the ousting of...
Weekly Economic and Financial Commentary: Trade Tensions Escalate; PMIs Send Mixed Messages
U.S. Review Powell Promises to “Act as Appropriate” Fed Chair Powell emphasized that the FOMC would “act as appropriate” in the face of slower global growth and an ongoing trade war, which escalated further as China announced plans to impose...
The Weekly Bottom Line: More Fed Cuts Ahead As Trade Risks Loom
U.S. Highlights This week may have been short on economic data, but the fireworks were lit on Friday as the President lashed out against China’s decision to impose tariffs on $75 billion of U.S. imports, sending stock markets into a...
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