• 'What kind of people are we, for God's sakes?:' James Comey said Trump's border policy 'adds to the pain' that he helped him get elected

    7 monthes ago - By Chron

    Win McNamee/Getty
    Former FBI Director James Comey said it pains him to think his actions helped Trump enter the White House, especially in light of what's happening at the US border.
    He told The Guardian that Trump's immigration policies should force Americans to ask: "What kind of people are we, for God's sakes?"
    He repeated his belief that Trump is doing "great damage" to the US.
    Former FBI director James Comey has said that it is "painful" to think that his actions helped elect Donald Trump, particularly in light of the uproar over his administration's family separation policy at the...
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  • Tit-for-tat: World responds to Trump's tariffs with levies on US goods

    7 monthes ago - By RT

    The trade war that captured the world over recent months has deepened with more countries responding to US tariffs, while others are pledging to toughen already introduced retaliatory measures.
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  • China ETFs To Avoid As Chinese Stocks Fall Most In Two Years

    7 monthes ago - By ETF Daily News

    From Zacks : After multiple rounds of negotiation this year, the United States and China have finally declared an all-out trade war that has shaken up the latter's financial markets.
    On Jun 19, Shanghai stocks tumbled by nearly 4%, which is the worst in two years.
    Chances of a full-blown trade war undermined investors' confidence considerably, which triggered a panic selling in the Chinese markets. The Shanghai Composite relative strength index dropped to 27.5 on the same day to become the worst-performing benchmark globally this year with a 12% decline.
    Trump's Tariff Announcement
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  • Chinese Investment In The U.S. Has Almost Completely Stopped

    Chinese Investment In The U.S. Has Almost Completely Stopped

    7 monthes ago - By ETF Daily News

    From Tyler Durden : Coming amid the escalating trade war between the US and China, many were quick to blame the collapse in Chinese investments in the US on tensions surrounding protectionism.
    And indeed, according to research firm Rhodium Group, China's direct investments in the U.S. plunged in the first half of 2018 as Chinese companies completed acquisitions and greenfield investments worth only $1.8 billion, a 92% drop over the past year , and the lowest level in seven years.
    The reality, however, is that this has little to do with the Chinese trade spat, and everything to do with...
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  • Alibaba v. Tencent, Trump Border Order, Jacinda Ardern Baby: CEO Daily for June 21, 2018

    7 monthes ago - By Fortune

    Good morning.
    While the trade war between the U.S. and China is playing out in tariffs on dishwashers and soybeans, the fight that really matters is the one for technology dominance. And while U.S. tech companies currently have the lead, two men named Ma-Jack and Pony, the heads of Alibaba and Tencent, respectively-are determined, with the help of the Chinese government, to change that.
    Neither company is truly global-Alibaba does 89% of its business within China and Tencent does 95%. Yet both are valued at near a half trillion dollars, and both have developed areas of excellence where...
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  • Is Oil Or China The Main Concern For U.S. Markets?

    Is Oil Or China The Main Concern For U.S. Markets?

    7 monthes ago - By ETF Daily News

    From Steven Vannelli, CFA : Talk of a trade war with China has recently dominated the discussion in financial markets, overshadowing the other major story playing out in the US economy-normalization of the energy markets. I thought I would answer the question of whether trade with China or oil was a bigger economic issue.
    Currently the US consumes about 20.4M barrels oil per day. This works out to about $500B on an annualized basis if we use the current price of WTI multiplied by 365 days.
    Using the most recent monthly trade figures, the 12-month sum of the US trade deficit with China is...
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  • US businesses and consumers could be the 'prisoners' of Trump's trade fight with China

    7 monthes ago - By Chron

    Getty Images/Pool
    A trade war has been brewing between the US and China.
    The White House has said the US would have an edge over China in a trade war.
    But economists think China has more room to negotiate.
    The White House has asserted the US has the whip hand in a tariff fight between the world's largest economies - with a senior economic adviser saying "it's clear China has much more to lose" and the president himself declaring that "trade wars are easy to win" - but economists widely disagree.
    The Trump administration vowed last week to slap a 25% tariff on $50 billion worth of Chinese...
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