Navarro says US will take strong action against China if it devalues yuan to ‘neutralize tariffs’
Peter Navarro, director of the National Trade Council. Andrew Harrer | Bloomberg | Getty Images White House trade advisor Peter Navarro said Beijing plans to devalue its currency — and if it does, the U.S. will respond forcefully. “Clearly, they...
IMF says trade war threatens China’s growth, pushes for an equitable resolution
Chinese President Xi Jinping stands by national flags. Johannes Eisele | AFP | Getty Images The International Monetary Fund is urging the world’s two largest economies to resolve the escalating trade war quickly and fairly. In a new report published...
Stocks making the biggest moves after hours: Uber, Yelp, and Farfetch
A man checks his smartphone while standing among illuminated screens bearing the Uber logo. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Uber plummeted 12% before settling 4% below its...
JP Morgan’s top stock market analysts say hold on tight and buy this market dip
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters For investors fearful of more trade-war bombshells, the worst is over and it’s go time, according to J.P. Morgan. That’s the joint view of Marko...
Robinhood gets approval to launch its popular investing app in the UK
In this photo illustration a Robinhood Markets logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Robinhood is set to bring its popular zero-fee stock trading app to Britain. The company announced Thursday...
Tumbling bond yields ramp up the pressure for the Fed to cut rates
The Federal Reserve’s “midcycle adjustment” to interest rates could be morphing into something considerably more serious, judging by recent market action. After the rate cut approved last week, Fed Chairman Jerome Powell quickly doused market expectations that the move was...
Stocks making the biggest moves after hours: Disney, Hertz, Weight Watchers and more
CEO of the Walt Disney Company, Bob Iger. Michael Kovac | Getty Images Check out the companies making headlines after the bell: Shares of Walt Disney fell more than 4% in after-hours trading after the entertainment giant’s third-quarter earnings missed...
This will be Wall Street’s new obsession as the trade war intensifies
A Chinese bank staff member counting stacks of 100-yuan notes at a bank in Huaibei, China. AFP | Getty Images Following Monday’s market meltdown traders will take their cues from the Chinese central bank and where it sets the midpoint...
Trade war turns into ‘nasty’ currency war as US calls China manipulator for first time since ’90s
The Trump administration took the trade war up another notch, calling China a currency manipulator and ratcheting up expectations that the White House has other moves it could make to retaliate against China. Last used in the 1990s, the designation...
Stocks making the biggest moves midday: Tyson Foods, Apple, Macy’s, ON Semiconductor & more
NEW YORK, NY – OCTOBER 26: Traders and financial professionals work ahead of the closing bell on the floor on the New York Stock Exchange (NYSE), October 26, 2018 in New York City. Drew Angerer | Getty Images News |...
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