History

Stocks finish mostly higher after upbeat economic data

8 monthes ago   |   By

Thomson Reuters
Stocks were mostly higher Wednesday as markets turned attention away from trade-war fears and toward upbeat economic data. The dollar slipped, and Treasury yields jumped.
Here's the scoreboard: See the rest of the story at Business Insider NOW WATCH: One bite from this tick could ruin red meat for the rest of your life See Also: There's a 'trap door below the market' - the world's biggest stock bear warns of a recent shift that signals the next big crash is near MORGAN STANLEY: The stock market's favorite tech juggernauts are headed for a rude awakening - here's what...
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Jack Ma said Trump's trade war with China will wreck Alibaba's plans to help create 1 million US jobs

Jack Ma said Trump's trade war with China will wreck Alibaba's plans to help create 1 million US jobs

8 monthes ago   |   By

Alibaba chairman Jack Ma said that the US-China trade war will wreck the company's pledge to help create 1 million US jobs.
The comment, made in an interview with Chinese media outlet Xinhua, comes two days after Trump announced a fresh set of tariffs on $200 billion worth of Chinese goods.
Ma also said that trade should be used as a tool for peace rather than a weapon.
Jack Ma, the recently departed chairman of Chinese retail giant Alibaba, said Wednesday that President Donald Trump's trade war with China will scuttle the company's pledge to bring 1 million jobs to the US.
In an interview...
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Trump's newest strike in the trade war with China will catch US consumers in the crossfire

Trump's newest strike in the trade war with China will catch US consumers in the crossfire

8 monthes ago   |   By

Win McNamee/Getty; Shayanne Gal/Business Insider
President Donald Trump's newest round of tariffs on $200 billion worth of Chinese goods adds a new element to the trade war.
For the first time, consumer goods are going to be directly hit by the new 10% duty, likely causing an immediate increase in prices for US shoppers.
The increase in inflation from the new trade war attack "will be meaningful," economists say.
President Donald Trump's latest round of tariffs added a new dimension to the trade war with China : US consumers are going to get hit directly.
The previous round of tariffs...
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China's state-backed 'National Team' may rescue stocks from trade war woes

China's state-backed 'National Team' may rescue stocks from trade war woes

8 monthes ago   |   By

Reuters
The "National Team" is a group of institutional investors that was formed after a sharp Shanghai Composite index correction in 2015.
The team could step in again soon as the US-China trade war escalates, analysts say.
Follow the Shanghai Composite Index in real time here.
As an escalating trade battle with Washington raises growth concerns in Beijing, Chinese stocks may get a helping hand from state-backed investors.
Deutsche Bank analysts Michael Tong and Luka Zhu wrote in a note to clients out Tuesday that it's increasingly looking like the "National Team" has and will continue...
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