Tariffs create uncertainty in the automotive industry, says former Toyota exec
The Trump administration’s tariffs might hurt the car and truck industry more than help, auto industry veteran Jim Press told CNBC. “The reality is that tariffs normally don’t go away once they’re enacted,” Jim Press said on “Closing Bell” Friday....
Where investors should hide out during a trade war
Those seeking protection against an intensifying trade war between the United States and its economic allies should buy shares of domestic, consumer-facing companies, according to investors. Utilities — classic defensive plays with domestic-only markets — could also benefit if this...
Red states will lose the most in trade war with China: Citigroup
States won by President Donald Trump in the 2016 election stand to lose the most as a trade war between the U.S. and China kicks off, according to Citigroup research. The U.S. officially implemented tariffs on $34 billion worth of...
Winklevoss cryptocurrency exchange nabs NYSE’s tech chief
Gemini Trust, the cryptocurrency exchange founded by brothers Tyler and Cameron Winklevoss, named NYSE’s top technology executive to be its first chief technology officer, another sign the wild west digital currency sector is moving more mainstream. Robert Cornish was NYSE’s...
Technology companies have bought back $1 trillion worth of their stock since the bull market began
Companies buying massive amounts of their own shares may be a key reason why certain sectors are doing better than others in the nine-year bull market for stocks. On Monday, Yardeni Research said technology companies bought back $1 trillion worth...
US trade deficit drops to smallest since before 2016 election
The monthly trade deficit is at its lowest levels during the Trump presidency. On Friday the Commerce Department revealed that the trade deficit, the gap between what the U.S. exports and what it imports from foreign countries, was $43.1 billion...
Your first trade for Friday, July 6
The “Fast Money” traders shared their first moves for the market open. Pete Najarian is a buyer of KKR & Co Steve Grasso is a buyer of Alibaba Karen Finerman is a buyer of United Rentals Tim Seymour is a...
Steven Cohen is said to lose bid to open Point72 hedge fund to British investors
Steven Cohen is having a tough time getting U.K. financial regulators to give him a second chance in that country. The billionaire recently opened his Point72 hedge fund to outside investors in the U.S., but British securities regulators won’t let...
Biogen shares soar on successful Alzheimer’s drug trial again
Biogen shareholders are rejoicing over a clinical trial’s positive results. Shares of the biotech company were up 19.6 percent Friday, a day after Biogen and Tokyo-based Eisai announced positive results from a Phase II study with BAN2401, an anti-amyloid beta...
China hits back with tariffs, accusing US of launching the ‘largest trade war in history’
China implemented retaliatory tariffs on some imports from the U.S. on Friday, immediately after new U.S. duties had taken effect. The move signals the start of a full-blown trade war between the world’s two largest economies, after President Donald Trump’s...
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