Trump to China President Xi: ‘You backed out!’
President Donald Trump blamed China’s President Xi Jinping for a trade deal falling apart between the two countries in the final week. Trump said to President Xi “you had a great deal…& you backed out” in a tweet on Monday....
Don’t fear a 10% correction — embrace it, market bull Jack Ablin says
Even if the May pullback lingers until summer, Cresset Capital’s Jack Ablin plans to embrace it. He believes market and economic fundamentals are intact, and a U.S.-China trade deal isn’t essential to keeping the bull market alive. Ablin cites liquidity...
Disney and The New York Times show how the media dinosaurs can stay on top
Bob Iger Stephen Desaulniers | CNBC This week, several large traditional media companies provided us with data points that nicely illustrate today’s confusing media world: Let’s start with Disney, which announced its quarterly earnings on May 8. This week, Sinclair...
Private equity poses big risks for the stock market and its investors in the next recession
Panoramic Images | Getty Images Private equity has taken center stage in active investing, and that means the stock market and its investors could face more challenges — especially in a recession. The transition is already underway and according to...
Bitcoin tops $6,400, up 12% this week
Bitcoin far outperformed major U.S. markets this week.
What to watch in the week ahead: Trade chatter, key economic data and Walmart earnings
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2018. Brendan McDermid | Reuters Important data on the consumer and manufacturing is released in the week ahead, and investors are watching...
US futures higher as traders wait to see if Trump hikes tariffs
U.S. equity futures were higher on Thursday evening as traders awaited a midnight deadline for tariffs to increase.
US trade deficit widens to $50 billion in March
The U.S. goods and services deficit with its global trading partners widened slightly in March as demand for foreign goods buoyed imports, the Commerce Department said Thursday.
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