Michael Dell did not get what he really wanted: All of VMware
Dell swung for the fences and ended up with a single. Maybe a double. After months of anticipation, Dell announced Monday that it’s acquiring its publicly traded tracking stock that mirrors the performance of VMware. This simplifies the shareholding structure...
US manufacturing jumps for a second straight month, construction spending rises
A measure of U.S. manufacturing activity surged in June likely as steel and aluminum tariffs caused disruptions to the supply chains, resulting in factories taking longer to deliver goods. The Institute for Supply Management (ISM) said on Monday its index...
Sell General Electric shares because it is ‘significantly overvalued’: JP Morgan
J.P. Morgan warned General Electric shareholders that the industrial conglomerate’s turnaround strategy will not lead to a higher stock price. The firm reiterated its underweight rating for GE shares, citing the company’s high valuation. Last week the company announced plans...
Commerce Secretary Wilbur Ross: It’s ‘premature’ to say whether Trump’s threatened EU auto tariffs will come to pass
It’s too “premature” to say whether President Donald Trump’s auto tariffs will come to pass, Commerce Secretary Wilbur Ross told CNBC on Monday. Ross also said it’s too early to tell whether the United States will withdrawal from the World...
US Chamber of Commerce, the nation’s largest business group, attacks Trump on tariffs
The U.S. Chamber of Commerce, the nation’s largest business group and customarily a close ally of President Donald Trump’s Republican Party, is launching a campaign on Monday to oppose Trump’s trade tariff policies. With some of America’s tightest trading partners...
Trump’s method for punishing Iran threatens to inflict pain at the US gas pump ahead of elections
The Trump administration’s effort to punish Iran by swiftly curtailing that nation’s energy exports is undermining its goal of preventing oil prices from rising ahead of midterm elections. That policy now threatens to leave the world with a shortage of...
The risk of a global recession has ‘significantly increased,’ strategist warns
A slew of global developments are convening to threaten economic growth, according to one investment manager, who believes that the risks of a recession next year have now “significantly increased.” Global growth stood at 3.8 percent in 2017 and it...
EU reportedly warns of new tariffs worth $300 billion if Trump targets automakers
The United States could get a new round of retaliatory tariffs worth as much as $300 billion, if it moves ahead with new duties on European cars, the Financial Times reported. In a written statement to the U.S. Department of...
The US should quickly restore good and confident relations with Europe
The NATO summit in Brussels on July 11 and 12 is an opportunity for President Donald Trump to get the trans-Atlantic relations back on a constructive path — the place they should have never left. It is absurd to think...
The Trump administration reportedly drafted a bill that abandons WTO rulebook
President Donald Trump’s administration has drafted a bill that allows the White House to unilaterally raise tariffs without congressional consent, Axios reported late on Sunday. If the legislation goes ahead, that means the world’s largest economy would be abandoning the...
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Trading education
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