• US stocks sharply higher on US-China trade truce; oil surges

    11 days ago - By Chron

    U.S. stocks surged in early trading Monday after the U.S. and China agreed to a 90-day truce in their escalating trade dispute, sending the Dow Jones Industrial Average up 300 points.
    Technology companies led the rally, which followed gains in overseas markets as investors welcomed news of the trade pact, which was struck over dinner between President Donald Trump and his Chinese counterpart Xi Jinping at the G-20 summit over the weekend.
    The long-running dispute between the world's two largest economies has rattled investors for months, stoking traders' fears that it could begin dragging...
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  • Global markets surge on China-U.S. trade truce, dollar dips, yuan up

    11 days ago - By Reuters

    A temporary ceasefire in the U.S.-China trade war boosted global stocks to their highest in about three weeks on Monday, while sending the dollar lower and the Chinese yuan and several trade-dependent currencies higher.
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  • Markets Right Now: Stocks open sharply higher on Wall Street

    11 days ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    9:35 a.m.
    Stocks are opening sharply higher on Wall Street, following gains in overseas markets after the U.S. and China struck a 90-day truce in their trade dispute.
    The Dow Jones Industrial Average jumped more than 400 points in early trading Monday following the cease-fire.
    The initial agreement to stand down on trade came at a dinner meeting between President Donald Trump and his Chinese counterpart Xi Jinping at the G-20 summit over the weekend.
    Big-name tech companies led U.S. stocks higher. Apple rose 2.2 percent.
    The Dow...
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  • Survey: US manufacturing grew in November

    11 days ago - By Chron

    WASHINGTON - U.S. manufacturers expanded at a faster pace in November as new orders surged, a positive sign for domestic economic growth heading into 2019.
    The Institute for Supply Management, an association of purchasing managers, said Monday its manufacturing index rose to 59.3 last month from 57.7 in October. Readings above 50 point to growth and manufacturers have expanded for the past 27 months.
    New orders jumped in November, while production and employment also saw gains.
    Out of 18 industries, 13 reported growth last month, including computer and electronic products, textiles, food...
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  • One Small Step

    11 days ago - By Economy

    A trade truce has bigger implications for markets than for the U.S. economy.
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  • Auto stocks are surging after Trump says China will 'reduce and remove tariffs' on US cars

    Auto stocks are surging after Trump says China will 'reduce and remove tariffs' on US cars

    11 days ago - By Business Insider

    Auto stocks rallied Monday after Trump tweeted on Sunday that China will cut and remove tariffs on cars imported from the US.
    The tweet came just after the US and China reached a tentative truce on the trade war.
    So far, Trump has posted tariffs on $250 billion goods of Chinese goods coming into the US. And China has targeted $110 billion worth of US imports.
    Earlier this year, China also raised duties on US auto imports to 40%, and slashed auto import tariffs for the broader market to 15% from 25%.
    Auto stocks are surging Monday after President Donald Trump said on Sunday that China will...
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  • Auto stocks are surging after Trump says China will 'reduce and remove tariffs' on US cars

    Auto stocks are surging after Trump says China will 'reduce and remove tariffs' on US cars

    11 days ago - By Business Insider

    Auto stocks rallied Monday after Trump tweeted on Sunday that China will cut and remove tariffs on cars imported from the US.
    The tweet came just after the US and China reached a tentative truce on the trade war.
    So far, Trump has posted tariffs on $250 billion goods of Chinese goods coming into the US. And China has targeted $110 billion worth of US imports.
    Earlier this year, China also raised duties on US auto imports to 40%, and slashed auto import tariffs for the broader market to 15% from 25%.
    Auto stocks are surging Monday after President Donald Trump said on Sunday that China will...
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  • Stocks surge after China-U.S. trade truce

    11 days ago - By Reuters

    A truce between U.S. and Chinese leaders on trade tariffs provided boosted global markets on Monday, fuelling a nearly one percent surge on world stocks and pushing emerging currencies higher against the dollar. Ciara Lee reports
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