• Retail Sales decreased 0.2% in April

    3 monthes ago - By Calculated Risk

    On a monthly basis, retail sales decreased 0.2 percent from March to April , and sales were up 3.1 percent from April 2018.
    From the Census Bureau report :
    Advance estimates of U.S. retail and food services sales for April 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $513.4 billion, a decrease of 0.2 percent from the previous month, but 3.1 percent above April 2018. Total sales for the February 2019 through April 2019 period were up 3.0 percent from the same period a year ago. The February 2019 to March 2019 percent change...
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  • Latest data show surprise slowing in US, China economies as trade war escalates

    Latest data show surprise slowing in US, China economies as trade war escalates

    3 monthes ago - By CNBC

    Both China and the U.S. reported weaker retails sales and industrial production for April, even before the latest escalation of the trade war.
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  • The Chinese stock market rebounds, closes 1.91% higher

    3 monthes ago - By ETF Daily News

    From Eustance Huang :
    Shares in Asia were higher on Wednesday following an earlier slump this week as trade tensions between the U.S. and China escalated.
    Mainland Chinese shares advanced on the day, with the Shanghai composite adding 1.91% to 2,938.68 and the Shenzhen component rising 1.45% to 9,169.15. The Shenzhen composite also gained 2.325% to 1,577.92.
    In Hong Kong, the Hang Seng index added 0.73%.
    Japan's Nikkei 225 rose 0.58% to close at 21,188.56, while the Topix index added 0.60% to finish its trading day at 1,544.15.
    Japanese automaker Nissan Motor saw its shares plummet 6.47%...
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  • Data Sheet-Why the U.S.-China Trade War Won't Be Ending Anytime Soon

    3 monthes ago - By Fortune

    This is the web version of Data Sheet, Fortune's daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here .
    Good morning, Clay Chandler writing for Adam today. President Trump will sign an executive order this week barring U.S. companies from using telecommunications equipment produced by firms deemed a risk to national security, several wire services report. The measure won't name specific countries or companies, but will effectively ban Chinese telecom giant Huawei Technologies from competing in the U.S. market-ratcheting up trade tensions between the...
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  • White House will not sign on to Christchurch pact to stamp out online extremism amid free speech concerns

    3 monthes ago - By Washington Post

    The White House will not sign an international agreement to combat online extremism brokered between French and New Zealand officials and top social media companies, amid U.S. concerns that the pact clashes with constitutional protections for free speech.
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  • Weak U.S. retail sales, industrial output point to slowing economy

    3 monthes ago - By Reuters

    U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, pointing to a slowdown in economic growth after a temporary boost from exports and inventories in the first quarter.
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  • U.S. business inventories unchanged; sales surge

    3 monthes ago - By Reuters

    U.S. business inventories were unchanged in March as sales increased by the most in more than two years, which could ease concerns of a broad build-up in inventories in the economy.
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  • Wall St. falls as weak economic data triggers growth worries

    3 monthes ago - By Reuters

    U.S. stocks fell on Wednesday, as a clutch of weak economic data from the United States and China sparked worries of slowing global growth against the backdrop of a bitter trade dispute that has roiled financial markets.
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  • Investors May Be Laughing At China's “People's War” Now, But Here Is Why They Won't Be Laughing For Long

    Investors May Be Laughing At China's “People's War” Now, But Here Is Why They Won't Be Laughing For Long

    3 monthes ago - By The Economic Collapse

    Wall Street is still treating this crisis as a temporary trade dispute, but the Chinese see things completely differently. At this point, the narrative in China is that the U.S. has deeply insulted their national honor, and every angry statement from U.S. officials is just digging the knife in a little bit deeper. The Chinese began their retaliation to Trump's new tariffs with some new tariffs of their own, but they won't be stopping there. As I stated yesterday , China literally has hundreds of different ways that they can hurt us, and the longer this crisis goes the more likely it is...
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  • Will Trump's China trade war kill Polestar's plan to take on Tesla in the U.S.?

    Will Trump's China trade war kill Polestar's plan to take on Tesla in the U.S.?

    3 monthes ago - By Stl Today

    The Polestar 2, the first electric car to go straight up against Tesla's Model 3, is due to go on sale in the U.S. by summer 2020. But will it? If the trade war between China and the U.S. gets...
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  • Global Stocks Subdued as Trade Dispute Remains in Focus

    3 monthes ago - By NY Times

    Stock markets mostly turned lower in European trading Wednesday over the trade dispute between the U.S. and China, even though President Donald Trump said a settlement was still possible.
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  • Global Economic Concerns Ratchet Up Amid Disappointing Retail Sales In China, U.S

    3 monthes ago - By Forbes

    Retail news has been a theme this morning, with Alibaba and Macy's reporting solid results but Chinese and U.S. retail data disappointing
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