Markets

Powerful deadly natural disaster strikes Bali

Powerful deadly natural disaster strikes Bali Some guests at the hotel in Nusa Dua, south of Bali's main worldwide airport, briefly fled outside after the strong tremor shook the building. Another resident, Ni Komang Sudiani, told AFP: "The quake was very big". The tremor jolted many residents awake and sent them rushing into the streets. "We stayed outside until dawn", he told AFP. The magnitude 6.0 natural disaster occurred at a depth... [Full Article...]

China Tells the US to Stop Criticizing Beijing's Policies

China Tells the US to Stop Criticizing Beijing's Policies Some economists say a new round of tariffs would add to the existing duties on $200 billion of China trade, meaning all Chinese exports into the USA would be taxed at the border. The two diplomats had warmer words regarding efforts to curb North Korea's nuclear ambitions. Pompeo, who briefed Chinese Foreign Minister Wang Yi a day after meeting with North Korean leader Kim Jong Un , told him t... [Full Article...]

How Badly Is Trump's Trade War Hurting China?

How Badly Is Trump's Trade War Hurting China? We've got to make it a two way street. "Recently, as the United States side has been constantly escalating trade friction toward China , it has also adopted a series of actions on the Taiwan issue that harm China's rights and interests, and has made groundless criticism of China's domestic and foreign policies", Wang said at a press conference. [Full Article...]

Longest long-haul flight to NY draws curious flyers

Longest long-haul flight to NY draws curious flyers The route was later abandoned due to rising fuel costs - an issue the airline has countered this time around with their fancy new fuel-efficient A350-900 ULR plane. The route, combined with the airline's plans to restart non-stop services to Los Angeles and add more non-stop flights to San Francisco next month, will give the premium Asian carrier its biggest-ever USA presence. [Full Article...]

I don't like Fed raising interest rates so quickly, says Trump

I don't like Fed raising interest rates so quickly, says Trump I think the Fed has gone insane", Trump told reporters shortly after markets closed, as he arrived in Erie, Pennsylvania for a rally. "I think the Fed has gone insane". "Clearly stocks are spooked by higher rates and maybe some inflation that seems to be creeping in", said Michael Farr, CEO of Farr, Miller & Washington. [Full Article...]

US stock index futures down as trading resumes

US stock index futures down as trading resumes USA stocks plunged to their worst loss in eight months on Wednesday as technology companies continued to drop. The S&P 500 ITI fell by 4.8 percent as a whole and much of that is attributable to the heavyweight stocks that fell today. JPMorgan 's Jason Hunter thinks we may have seen the worst of the news from the bond market, as recent action leaves him "looking for yields to form a bullish re... [Full Article...]

Dow Jones closes down more than 800 points

Wall Street extended its losses Wednesday afternoon as markets continued to skid, with the Nasdaq leading the losses. Although that's largely because the U.S. For example, a yield rise in a month of one standard deviation or less, which would be 20 basis points now, is manageable for stocks, Goldman said in a note last week. [Full Article...]

Dow industrials sink 831 points as tech companies plunge

Dow industrials sink 831 points as tech companies plunge Eastern time. It's on pace for its fifth straight decline. The Dow Jones Industrial Average gave up 831 points, or 3.15 percent, to 25,598. Heavyweights Apple shed 1.6 percent and Amazon .com fell 2.5 percent. Netflix shares fell by 6pc and have now fallen by 12pc in the last five days. Nvidia wasn't spared either as the GPU-manufacturer out of Santa Clara, CA saw a drop of seven-and-a-hal... [Full Article...]


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