• Stocks erase gains as trade tensions drag on tech

    4 monthes ago - By Business Insider

    Stocks erased earlier gains Wednesday after temporarily rising on the prospect of cooling trade tensions between the US and China. The dollar rallied against a basket of peers, and Treasury yields fell.
    Here is the scoreboard:
    Dow Jones industrial average : 24,122.81 −160.30
    S&P 500 : 2,710.99 −12.07
    The Trump administration softened its tone on trade with China. Officials said any investment restrictions imposed on Beijing will happen through existing laws, as opposed to executive action.
    President Donald Trump and Russian President Vladimir Putin will likely meet soon, the Kremlin...
    Read more ...

     

  • Chinese yuan fall sparks fear a trade war could turn into a currency war

    Chinese yuan fall sparks fear a trade war could turn into a currency war

    4 monthes ago - By CNBC

    China's currency slid to a fresh six-month low against the dollar Wednesday, sparking speculation China could use a weakened yuan as a weapon if tensions with the U.S. turn into an out-and-out trade war.
    Read more ...