Month: June 2019

The economic relationship between the United States and China needs to change, Tony Ressler, a billionaire veteran of Wall Street, said Friday. “The Trump administration is making some very important points about how we do business with China,” said Ressler, co-founder of private equity giants Apollo Global Management and Ares Management. President Donald Trump, through
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China’s President Xi Jinping has stifling dissent about his trade war strategy. Meanwhile, the U.S. has plans to challenge China’s Silk Road development initiative in Asia. (Photo by GULSHAN KHAN / AFP) If you want to know the endgame in this China trade war, it is probably this: redirect supply chains to favor American manufacturers;
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U.S. President Donald Trump answers questions on the comments of special counsel Robert Mueller while departing the White House May 30, 2019 in Washington, DC. Win McNamee | Getty Images Tariffs that the U.S. is threatening to impose against Mexican goods could have steep costs, both economically and politically, while also impacting important policy decisions.
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After the Trump tax cut in 2017, it was easy to see that big corporations were the big winners. They could extend their massive stock buyback programs into 2018 and keep earnings growing until the economy got back up to speed. But it also helped the banks, especially regional bank stocks. They were able to
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Corona beer, owned by Constellation Brands. Getty Images Check out the companies making headlines midday Friday: Constellation Brands, Calavo Growers, Chipotle Mexican Grill — Shares of the Corona and Modelo beer marker fell more than 6% as investors worried tariffs on Mexican goods would increase Constellation Brands’ import costs. Calavo Growers and Chipotle, meanwhile fell
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Shares of Chinese electric vehicle (EV) manufacturer NIO (NYSE:NIO) have been under serious pressure for most of 2019. Early in the year, NIO stock got a huge bump from favorable coverage in a “60 Minutes” special. Source: Shutterstock That rally was ultimately short-circuited by an announcement from management that early 2019 deliveries were trending below
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