Here come the tariffs. Is a trade war next?
President Trump signed an order Thursday imposing tariffs on steel and aluminum from nearly all countries, raising fears of a trade war. Trump exempted Mexico and Canada — for now. But if NAFTA talks keep moving at a sluggish pace, Trump warned, those countries could be hit, too. From China to the European Union, the tariffs are expected to....More>>>
Verastem Inc. (NASDAQ: VSTM) shares saw a handy gain on Wednesday after the company set an exclusive licensing agreement with CSPC Pharmaceutical, a leading pharmaceutical company in China. The deal is to develop and commercialize Verastem’s Copiktra (duvelisib).
Copiktra previously received approval from the U.S. Food and Drug Administration (FDA) for the treatment of adult patients with....More>>>
Stocks slumped Wednesday because investors were worried about new tariffs imposed on China by the United States.
But the biggest fear facing US investors shouldn’t be growing global trade tensions. It should be rising interest rates.
“The Fed is more likely to kill the bull market than a trade war,” said Emily Roland, head of capital markets research for John....More>>>
FDx Advisors Inc. increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 82.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,285 shares of the retailer’s stock after purchasing an additional 4,199 shares during the quarter. FDx Advisors Inc.’s holdings in Costco Wholesale were worth $1,891,000 at the....More>>>
The threat of an all-out trade war with China has investors and traders alike on edge. But while a global trade war involving the United States could hurt some stocks, it’s creating a profit opportunity in others. I’ll show you exactly which stocks could benefit as new trade barriers are erected…
It’s not just China that is a concern for the United States, either.
Whether you’re in stocks, trading, or both, this is a market environment with a lot of “loose ends,” to put it mildly.
Most of these loose ends relate to the headlines – or, to put a point on it, tweets – that are roiling the market every day, sometimes several times a day
Just as trade war fears had ebbed thanks to China....More>>>
Rumors about a possible merger between Potash Corp (NYSE:POT) and Agrium (NYSE:AGU) have sent shares of the companies up 13.4% and 7.9%, respectively. The global fertilizer industry is struggling with pricing as slowing demand, particularly from farmers in China and India, has led to a situation of excess potash capacity and weighed on the earnings of fertilizer producers. The merger would make....More>>>
Q2 earnings season is finally starting to wind down, and as many expected, reactions to generally strong EPS and revenue growth have been mixed. Throughout Wall Street’s many sectors and industries, expectations were varied, with many market-moving stocks unable to surpass these expectations to the extent that investors would overlook other potential headwinds, including U.S.-China trade war....More>>>
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JD.com (NASDAQ:JD), the second largest e-commerce player in China, could be returning to Russia soon according to a recent Kommersant report. JD previously entered the Russian market in 2015, but retreated a year later after struggling with cross-border logistics issues, merchant partnerships, and high marketing expenses.
JD’s previous effort featured partnerships with payment providers....More>>>
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Asian markets rose in early trading Friday although trade tensions between the U.S. and China lingered. While China said it welcomed an invitation for new trade talks with the U.S., an editorial in a state-run newspaper Friday warned that China would not cave to pressure.
“The Trump administration should not be mistaken that China will surrender to the U.S. demands. It has enough fuel to....More>>>
US stocks are moving toward all-time highs despite the trade war with China.
That’s because investors are thinking long term, according to Mohamed El-Erian, chief economic adviser at Allianz.
“Ultimately, this is going to be resolved in a way that still leaves a free but fairer trade system,” he told CNN’s Alison Kosik on Wednesday on “Markets Now.”....More>>>
Alibaba has a trio of new partners in Russia.
China’s top e-commerce player will form a joint venture with Russia’s sovereign wealth fund, telecom company MegaFon and internet firm Mail.Ru Group. Alibaba (BABA) will contribute an unspecified amount of cash and its existing business in the country, AliExpress Russia.
The deal was announced in a joint statement during....More>>>
iRobot (NASDAQ:IRBT) is ready for the next phase of its growth strategy. The leading robotic cleaning device giant withstood rising manufacturing costs and a surge of price-based competition to close out a solid fiscal 2018, highlighted by surprisingly strong sales gains and rising profitability.
The company still lost market share as the robotic vacuum industry moved deeper into the mainstream.....More>>>