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U.S. trade deficit hits 10-year high; job growth slowing The U.S. trade deficit jumped to a 10-year high in October as soybean exports dr... REUTERS/Carlo Allegri/File Photo Other data on Thursday showed private employers hired fewer workers than expected in November, pointing to a moderation in the pace of job growth Prices of U.S. Treasuries were trading higher while the dollar .DXY was weaker against a basket of currencies In October, exports of goods and services slipped 0.1 percent to $211.0 billion Our Standards:The Thomson Reuters Trust Principles
US markets down after arrest of Huawei executive Wall Street takes a hit after news broke of Meng Wanzhou's arrest by Canadian authorities acting on a US request. We have made solemn representations to Canada and the US, demanding that both parties immediately clarify the reasons for the detention, and immediately release the detainee to protect the person's legal rights, foreign ministry spokesperson Geng Shuang told reporters
The market is tanking this week: Here's what you need to know U.S. stocks turned sour this week after an early rally dissipated and President Donald Trump declared himself "Tariff Man." Volvo is one of several companies beginning to consider moving auto production and jobs overseas The Dow sank through much of the last two months before a rally in the last week of November brought the benchmark index just barely in the green for the year
US trade deficit climbs to 10-year high amid Trump’s tariffs The trade deficit climbed to $55.5 billion in October. US economy will continue to grow: Investcorp Co-CEO Investcorp Co-CEO Rishi Kapoor on the state of the markets and U.S. economy Washington has also imposed tariffs on steel and aluminum imports from foreign countries this year Although Chinese officials did not weigh in on the specifics of the deal, Trump tweeted on Monday that China had agreed to remove tariffs on American autos
Where Huawei Loses, Scandinavia Will Gain Markets think nobody wins in a trade war. But exceptions are emerging: 5G network builders Ericsson and Nokia. Ms. Meng’s arrest suggests the pressure will intensify, potentially shutting Huawei out of even more markets As Washington-Beijing relations teeter, Chinese tech titan Huawei's chief financial officer has been arrested in Canada and faces extradition to the U.S. But Meng Wanzhou, aka Sabrina Meng, isn’t your garden-variety executive; she’s the company founder’s daughter
The Best Way To Protect Your Portfolio From A Correction In Stocks Is To Not Own Stocks There are no safe haven stocks in a broad based market sell-off. That is what broad-based means. Equity markets opened sharply to the downside this morning So, that suggests the easiest solution to worries about a decline in the value of your stock portfolio: sell stocks Tomorrow's November non-farm payrolls report had better contain benign figures on inflation, or this rout will continue
US shares hit as market sell-off continues Wall Street opens lower after London and other major European stock markets fall more than 2%. Earlier, Asian markets had also fallen, with Tokyo's Nikkei index shedding 1.9% and the Hang Seng in Hong Kong down 2.5% We're looking for a sufficient cut to balance the market, equally distributed between countries, said Saudi Arabia's oil minister, Khalid al-Falih, before the meeting
Stocks Slump and Treasuries Gain as Sell-Off Resumes U.S. stocks slumped as concern resurfaced that trade tensions between the world’s two largest economies are far from resolved. U.S. stocks slumped, following European and Asian shares lower, as concern resurfaced that trade tensions between the world’s two largest economies are far from resolved Some of the key events investors will be focused on this week: OPEC ministers meet in Vienna Thursday
The arrest of Chinese tech giant Huawei's CFO proves Trump's trade war is 'escalating to a new level' The arrest of Huawei CFO Sabrina Meng Wanzhou is a clear example President Donald Trump's trade war is more than just tariffs and the trade deficit. Read more: The US-China trade war might still rage on despite a breakthrough deal between Trump and Xi» The Department of Justice and other parts of the Trump administration have stepped up their crackdown in an attempt to address what the administration sees as systemic problems with China's economic practices
Term Sheet -- Thursday, Dec 6, 2018 On deals and dealmakers. By Polina Marinova 10:15 AM EST Huawei Good day Next Coast Ventures led the round, and was joined by investors including Salesforce Ventures and Andreessen Horowitz Advertisement SHARE TODAY'S TERM SHEET View this email in your browser
Stocks slump and treasuries gain as sell-off resumes at the start of U.S. trading Stocks slumped at the start of U.S. trading, following European and Asian shares lower, as concern resurfaced that trade tensions between the world’s two largest economies are far from resolved. Oil slid as OPEC ministers met in Vienna. The arrest of the Huawei Technologies CFO gives no confidence that anything [President Trump] came back with after Saturday night’s dinner [with Chinese leader Xi Jinping in Buenos Aires] could possibly be positive, Bob Iaccino, chief market strategist at Chicago-based Path Trading Partners, said in an email
ISM service index registers second-strongest reading in 13 years The Institute for Supply Management said Thursday that its non-manufacturing index in November rose to 60.7%, up from 60.3% and the second-strongest reading in 13 years. Bloomberg A worker uses a pipette in a lab at the Pfizer Inc research and development facility in Cambridge, Massachusetts The big picture: Purchasing managers did raise complaints about rising costs and tariffs Steve Goldstein Steve Goldstein is MarketWatch's Washington bureau chief
Dow dives 400 points, wiping out its gains for the year | Markets Insider The December 1 arrest cast doubt on trade relations between Washington and Beijing, who agreed over the weekend to pause tariff escalations for negotiations Shares of Apple suppliers - including Lumentum (-2.8%), Micron (-2.9%) and Texas Instruments (-2%) - tumbled after the results
US stocks extend losses on Huawei CFO arrest Dow Jones Industrial Futures were down more than 400 points. Oil prices extended their losses despite OPEC members agreeing Thursday to cut oil output -- although it’s unclear by how much Global stocks also fell after the arrest Wednesday in Vancouver of Meng Wanzhou, also known as Meng Sabrina, who faces extradition to the United States
U.S. stocks plunge on global trade tensions, fears of slowing growth The market rout continued amid fears a Chinese executive's arrest could chill relations between the U.S. and China The decline represents a continuation of Tuesday's 800-point plunge in the Dow Jones Industrial Average before stock and bond trading was closed in the U.S. Wednesday in observance of a national day of mourning for former President George H.W In a statement, Huawei said Meng was changing flights in Canada when she was detained on behalf of the United States of America to face unspecified charges in New York Saudi Arabia, the heavyweight within OPEC, said Thursday it was in favor of a cut
Why currency experts expect the dollar to struggle in 2019 With many of its supportive themes for the U.S. dollar dissipating as 2018 draws to a close, currency analysts are beginning to brace for a weaker buck in 2019. For 2018, the popular gauge looks up 5% at this point, according to FactSet data, with the currency also showing gains against both developed and emerging-market monetary units The global economic outlook and trade headwinds could add concerns The U.S. dollar tends to perform well in times of global trouble, and it might defend its bid as a haven We Want to Hear from You Join the conversation Comment
Huawai arrest shatters truce in US-China trade war HOPES of a breakthrough in the trade war between the US and China have been shattered by the arrest of a senior Huawei executive in Canada. Mr Geng said the Chinese consulate in Vancouver was providing her assistance China's embassy in Canada said it resolutely opposed the arrest and called for her immediate release Samsung Electronics fell 2.3 percent while Chinasoft International Ltd sank as much as 13 percent
What is China's Huawei Technologies and why is it controversial? The arrest in Canada of Meng Wanzhou, a top executive at China's Huawei Tec... It remains privately held and describes itself as employee-owned, though its ownership structure is unknown Top carriers Verizon Communications and AT&T pulled out of deals to distribute Huawei smartphones earlier this year Our Standards:The Thomson Reuters Trust Principles
Dow Drops 352 Points Because This Is Way More Than a Trade War Stocks look set to tumble at the open after the arrest of Huawei’s CFO, which is seen as a major escalation in the trade war between the U.S. and China. Text size 6:44 a.m. Stocks look set to tumble at the open after the arrest of Huawei’s CFO, what is seen as a major escalation in the trade war between the U.S. and China On Wednesday night, Huawei’s CFO, Meng Wanzhou , was arrested in Canada for violating sanctions against Iran Facebook (FB) is down 2.5% to $134.47 after Stifel downgraded it to Hold
Analysis | The Finance 202: Huawei executive's arrest ramps up U.S.-China tension ahead of talks Meng Wanzhou's arrest comes at a particularly sensitive time. The executive, Meng Wanzhou, is also the daughter of the company’s founder The price retreat sparked a sell-off of shale firms’ shares and another setback could sour investors on the sector for years Here's why some animals get white fur: Memorable moments from George H.W
Huawei exec's arrest opens a new front in the US-China trade war The conflict between the United States and China over trade and technology is heating up again. Huawei's Meng Wanzhou is also also known as Sabrina Meng and Cathy Meng The return to the negotiating table follows a ceasefire reached at a dinner between Trump and his Chinese counterpart, Xi Jinping, on Saturday Daniel Shane and Sherisse Pham contributed to this report
Dow Jones industrial average eyes steep drop at open amid trade fears, oil price worries The Dow Jones Industrial Average is setting up for another down day as investor angst about U.S.-China relations and low oil prices weigh on sentiment 3) AP The New York Stock Exchange is shown, Thursday, Feb. 9, 2017, in New York Investors hoping for stability after the Dow Jones Industrial Average's nearly 800-point fall on Tuesday, are instead facing a blue chip average that is down another 400 points in pre-market trading
Analysis | The Health 202: Trump's big boasts about China's fentanyl crackdown, explained Things are a bit different than they appear. (iStock) OUCH: Critics of a new allocation policy for transplant livers say the rules will benefit transplant centers in big cities to the detriment of rural and low-income regions, our Post colleague Lenny Bernstein reports The Heritage Foundation holds an event on Defending the Rights and Wellbeing of Children Today on Dec. 12
Perspective | What the !*?&%!@ is going on with the current economy?! The manic stock market, yield curve inversion, tanking oil prices, the “r-word,” Trumpian trade chaos — there's a lot of economic noise right now. But is there a signal in there somewhere? REUTERS/Issei Kato (Issei Kato/Reuters) By Jared Bernstein Jared Bernstein Bio Follow Jared Bernstein, a former chief economist to Vice President Joe Biden, is a senior fellow at the Center on Budget and Policy Priorities and author of 'The Reconnection Agenda: Reuniting Growth and Prosperity' The flat curve is thus sending the same message buried in the market noise: slower growth ahead
Trading Trump: Wall Street stresses over White House comments JPMorgan Chase & Co's trading desk was not buying what U.S. President Donal... Juan Gomez, head of hedge fund firm Black Swan Quantitative Advisors which manages $75 million in assets, said he has adjusted his options-focused models over the last two years to incorporate more protection against market volatility, partially in response to Trump administration comments
European stocks slump on slumping oil prices, fallout from arrest of Huawei executive Stoxx Europe 600 drops more than 2%. The latest development have surfaced amid ongoing doubts surrounding the trade deal agreed by the U.S. and China at the G-20 summit at the weekend Subscribe to MarketWatch's free Need to Know newsletter We Want to Hear from You Join the conversation Comment
Slow train to China: India's trade ties with Beijing taking time to... China and India may be talking about improving their trade relationship but ther... In reality, though, getting such exchanges turned into deals is going to be a laborious process A recent study commissioned by India’s trade ministry and reviewed by Reuters, said: There is no bilateral trade relationship of greater economic and political significance for India than with China Our Standards:The Thomson Reuters Trust Principles
Apple has to hold this key level for it to be a buy, says technician     Apple may be in bear market territory, but two top strategists believe the sell-off is overdone and investors should buy the stock now. Newton is closely watching the $170 mark, which he believes is the near-term level of support to the downside they're loyal to the ecosystem and that's not going anywhere Remember in these types of markets when you buy, that's what creates outperformance, so we're going long
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAPL, TSLA, MAR) | Markets Insider Canada arrested Huawei's CFO, and the US is seeking to extradite her Hong Kong's Hang Seng (-2.47%) led the losses in Asia and Britain's FTSE (-2.6%) trails in Europe The strong US dollar needs to weaken in order to save the stock market, and there are four ways that can happen, according to Vincent Deluard, macro strategist at FCStone
Volkswagen to cut another $3.4B in costs to boost margins A key goal is to improve margins at its mass-market VW brand. The company did not give any details about job cuts, but ruled out forced redundancies It said VW had started talks with labor leaders about the plan and discussions were constructive (Reporting by Jan Schwartz and Edward Taylor; Writing by Christoph Steitz; Editing by Thomas Seythal and Mark Potter)