Markets
U.S. stock futures lower after Trump tweet, weak China data
US stocks on Tuesday reclaimed some of the ground lost in the prior day's steep sell-off, with tariff-sensitive technology stocks leading the S&P 500 and the Nasdaq higher as investors were heartened by a tonal shift in U.S. But he added that the deal would only happen when "the time is right". The new penalties also took aim at American farmers, driving down soybean and cotton prices. [Full Article...]
China Says US Has Agreed To Keep Talking Over Trade War
White House economic adviser Larry Kudlow acknowledged to a television interviewer last weekend that "to some extent" USA consumers will bear the brunt of higher costs on Chinese goods after Trump's tariffs have been levied on the imported goods. [Full Article...]
Tesla's Solar Roof Solution Isn't For the United States
But the company must add hundreds more workers in NY to meet next year's target. Tesla has only sporadically purchased solar cells produced by its partner Panasonic Corporation (OTC: PCRFY ), Reuters said in the Wednesday story. Last month, Tesla was said to be cutting the prices of its solar panels by as much as 38 percent below the national average in a bid to regain ground in the solar... [Full Article...]
Coinbase Opens Up XRP Trading for New York Residents
It is assumed that this rapid increase is due to the partnership with Börse Stuttgart as well as Coinbase Pro's open trading service for NY customers. At the time of writing Ripple ( XRP ) is trading up over 22% at its current price of $0.40, up significantly from its daily lows of $0.32. This came after the exchange added trading support for the digital coin on its retail platform in Februa... [Full Article...]
Impossible Foods raises $410m in latest funding, Latest Business News
The Oakland, California-based company plans to employ 50 new workers at its plant, which now has a small squad of some 70 full-time employees. Impossible Burger has raised a total of $750 million since it launched in 2011 with a mission to eliminate the need for animals in the food chain over the next 16 years with a meat substitute that tastes like the real thing. [Full Article...]
China's 'self-destructive nuclear option' in trade war: Selling US Treasury bonds
Have a quick read about that here from the South China Post . Firmer Treasury yields, a slightly better U.S. Dollar and increased demand for higher risk assets is helping to limit gains. The last thing it wants is wild swings in the Yuan. It's quite ingenious and is one of the reasons why China and other exporters have such large sums of treasuries to date. [Full Article...]
Jet Airways slumps after reports of Etihad's non-binding offer
Jet grounded operations on April 17, running out of cash to stay afloat and failing to raise additional funds. Earlier in the day it had similarly announced Agarwal's resignation. "It was long expected that Jet will eventually shut down and I think now that's coming to fruition". They both had resigned from the Jet Airways board on March 25, transferring the control to the lenders led by the State... [Full Article...]
Donald Trump: U.S. in a 'little squabble' with China
On Friday, Trump had issued orders for the tariff increase, asserting that China "broke the deal" by reneging on earlier commitments made during negotiations. There can be some retaliation, but it can't be very very substantial by comparison. "Our farmers will be very happy", said Trump. "We had a deal, 95 percent was there". [Full Article...]