• Dow set for longest negative streak in over a year on latest tariff threats

    3 monthes ago - By eFinancial News

    President Donald Trump threatens to slap up to $400bn more in tariffs on China goods
    Read more ...

     

  • Soybeans are tumbling as Trump ratchets up trade fight with Beijing

    Soybeans are tumbling as Trump ratchets up trade fight with Beijing

    3 monthes ago - By Business Insider

    Soybeans were down more than 2% Tuesday.
    China promised to retaliate if the Trump administration imposed additional tariffs on the country.
    Follow soybeans in real time here.
    Soybeans tumbled Tuesday after President Donald Trump threatened additional tariffs on the world's largest soy importer, raising concerns of retaliatory import taxes that could further target American agricultural products.
    Soybeans were down 2.20% to $8.86 a bushel at 9:15 a.m. ET. Prices have fallen nearly 8% over the last week as import taxes get slapped on the legume.
    Trump said Monday his administration could...
    Read more ...

     

  • Wall Street set to slide as China-U.S. trade spat escalates

    3 monthes ago - By Reuters

    Wall Street was set to open sharply lower on Tuesday as President Donald Trump's latest threat to impose duties on additional Chinese goods heightened concerns that tit-for-tat tariffs could spiral into a trade war.
    Read more ...

     

  • Stocks are getting whacked as Trump moves toward an all-out trade war with China

    Stocks are getting whacked as Trump moves toward an all-out trade war with China

    3 monthes ago - By Business Insider

    President Donald Trump on Monday threatened an all-out trade war with China by announcing the possibility of tariffs on an additional $200 billion worth of Chinese goods.
    The S&P 500 was set to open lower by about 1% on Tuesday.
    Traders are moving into the safety of the US dollar and US Treasurys.
    Watch the S&P 500 and Dow Jones industrial average in real time here.
    US stocks were set to tumble at Tuesday's open the morning after President Donald Trump threatened an all-out trade war with China. The S&P 500 was set to open lower by about 1% after heavy overnight selling dropped China's...
    Read more ...

     

  • Stocks are getting whacked as Trump moves toward an all-out trade war with China

    3 monthes ago - By Chron

    Reuters/Brendan McDermid
    President Donald Trump on Monday threatened an all-out trade war with China by announcing the possibility of tariffs on an additional $200 billion worth of Chinese goods.
    The S&P 500 was set to open lower by about 1% on Tuesday.
    Traders are moving into the safety of the US dollar and US Treasurys.
    US stocks were set to tumble at Tuesday's open the morning after President Donald Trump threatened an all-out trade war with China. The S&P 500 was set to open lower by about 1% after heavy overnight selling dropped China's Shanghai Composite to its lowest level in two years.
    Read more ...

     

  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    3 monthes ago - By Business Insider

    Here is what you need to know.
    Trump threatens China with tariffs on $200 billion worth of goods. President Donald Trump said the new tariffs would take effect if Beijing did not lower recently announced tariffs on US goods and failed to address the theft of US intellectual property by Chinese companies.
    Stocks are getting slammed. China's Shanghai Composite led Asia lower, and Germany's DAX trails in Europe. The S&P 500 is set to open down 1% near 2,746.
    The dollar hits an 11-month high. The US dollar index hit a high of 95.27 on Tuesday, its best since July.
    OPEC sees a strong oil market...
    Read more ...

     

  • Auto stocks slide as Trump threatens even more taxes on Chinese imports

    Auto stocks slide as Trump threatens even more taxes on Chinese imports

    3 monthes ago - By Business Insider

    President Donald Trump asked his administration to draft a new list of $200 billion worth of Chinese imports to tax.
    The potential new tariffs come less than a week after the White House placed them on $50 billion worth of raw materials, machinery, autos, and more.
    Major US automakers fell in early trading Tuesday following the announcement.
    Shares of major US automakers fell in early trading Tuesday morning after President Donald Trump asked his administration to draw up a new list of $200 billion worth of Chinese imports to hit with a 10% tax .
    Here's how the company's stocks were...
    Read more ...

     

  • Auto stocks slide as Trump threatens even more taxes on Chinese imports

    Auto stocks slide as Trump threatens even more taxes on Chinese imports

    3 monthes ago - By Business Insider

    President Donald Trump asked his administration to draft a new list of $200 billion worth of Chinese imports to tax.
    The potential new tariffs come less than a week after the White House placed them on $50 billion worth of raw materials, machinery, autos, and more.
    Major US automakers fell in early trading Tuesday following the announcement.
    Shares of major US automakers fell in early trading Tuesday morning after President Donald Trump asked his administration to draw up a new list of $200 billion worth of Chinese imports to hit with a 10% tax .
    Here's how the company's stocks were...
    Read more ...

     

  • The Trump administration promised Apple it would not place tariffs on iPhones

    3 monthes ago - By Fast Company

    Major tech companies, including Apple, fear the looming trade war.
    Administration officials have promised Apple CEO Tim Cook that import tariffs would not be placed on iPhones made in China, reports the New York Times. The reassurance from the White House comes at a time when the administration has already placed tariffs on $50 billion worth of imports from China and is threatening to hit the country with another $200 billion worth of tariffs.
    Read more ...

     

  • CEO Time Management, iPhone China Tariffs, Microsoft ICE: CEO Daily for June 19, 2018

    3 monthes ago - By Fortune

    Good morning.
    Electronic communications have taken over most people's lives, but for CEOs, face time still rules. A study of how CEOs spend their time , by Harvard's Michael Porter and Nitin Nohria, found 61% of it is in face-face-meetings. "Face-to-face time is viewed as a signal of what or who is important," Porter and Nohria write. While some CEOs have begun to use videoconferencing as an alternative, they "must never forget that at its core their job is a face-to-face one."
    The two professors collected data on 27 big-company CEOs over a three month period, asking their executive...
    Read more ...

     

  • The Trump Administration Told Apple CEO Tim Cook the iPhone Would Be Spared From China Tariffs

    3 monthes ago - By Fortune

    President Trump isn't going to punish the iPhone in his escalating trade war with China.
    The New York Times reported on Monday that the Trump administration assured Apple CEO Tim Cook that the iPhone would not be on the list of tariffed goods, citing a person familiar with the matter. Cook met with Trump earlier this year to dissuade him from levying tariffs against goods manufactured in China, citing the damage such a trade war would do to American companies. It's not clear whether he specifically asked for an exemption for the iPhone or when the administration assured him it wouldn't be...
    Read more ...