How Mnuchin keeps a steady grip in the White House’s tug of war on trade
WASHINGTON — Two weeks ago, Steven Mnuchin, the Treasury secretary, declared that the trade war with China was “on hold” and that the United States would temporarily holster its tariffs. The reassuring comments calmed markets and raised hopes that Mr....
Global growth rate could drop by more than a quarter thanks to tariffs, S&P chief economist forecasts
Global gross domestic product (GDP) growth could take a hit to the order of around one percent if tariff threats escalate into a trade war, S&P Global’s chief economist forecast Monday. It may not be a global recession, but “one...
The European Union will not unravel — only its German-dominated governance will change
Euroskeptics have no chance – not even Brexiters, or Italy’s ascendant Five Star Movement and League parties. The idea of a united Europe is a centuries-old dream come true. It has survived massive butcheries perpetrated by Charlemagne, Napoleon and Hitler...
‘We’re all greedy,’ Citi’s top market watcher says, warning that big gains this year aren’t assured
Citigroup’s top market watcher isn’t letting geopolitical jitters rattle his stock market forecast. In an interview on CNBC’s “Futures Now,” Tobias Levkovich said it’s too premature to make investment decisions on whether a trade war will erupt over Trump tariffs,...
Why one market bull says he ignores geopolitical ‘noise’, and pays attention to earnings instead
Wall Street veteran Edward Yardeni doesn’t expect the uptick in geopolitical concerns will ravage the stock market this year — even though President Donald Trump may not be making it easy to see that right now. “I’ve never seen a...
Summit between Trump and Putin reportedly in early stages, may include talks on Syria and Ukraine
Early discussions for a meeting between U.S. President Donald Trump and Russian President Vladimir Putin are said to be underway, The Wall Street Journal reported Friday, citing sources familiar with the matter. U.S. ambassador to Russia Jon Huntsman has been...
Crypto exchange Bittrex will allow investors buy cryptocurrencies with US dollars
Investors now have a new way to purchase cryptocurrencies using U.S. dollars. Bittrex, a Seattle-based cryptocurrency exchange, has struck an agreement that allows investors to buy digital coins with American dollars. In the past, only coins traded on Coinbase, a...
General Motors stock will double in the next two years, says analyst. Here’s why
Share prices of General Motors could double in the next two years, said Christopher Susanin of Levin Capital Strategies, a New York-based investment management firm. “We think there’s about $30 of hidden value that [is] mispriced in the stock across...
One of the biggest US trade wars of the past had a tragic consequence — here’s what happened
It looks like President Donald Trump is gearing up for a trade war. But in this kind of fight, history seems to indicate there are very few winners. Economists are warning about hypothetical scenarios where Trump takes it too far,...
Investors should take risks in a hot economy: Market expert
The economy is on fire and market watcher Katie Nixon told CNBC that investors should take note. “The jobs report was just an affirmation that the economy continues to grow very well,” Nixon, who is an executive vice president and...
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