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Dow Jones CRASH: Is the Dow Jones falling a sign of the next global financial crash? THE DOW JONES INDUSTRIAL AVERAGE plummeted in value today - but does it signal an impending global financial crash? But sanctions remain in place and tensions were stoked today after it emerged a top financial executive from Chinese tech company Huawei is being detained in Canada The OPEC said a deal is being sought but has not been agreed so far - and any developments could see a significant effect on the global stock markets
China demands Huawei's CFO released after 'violating Iran sanctions' Meng Wanzhou, 46, was arrested in Vancouver on Saturday. The U.S requested her detention on suspicion of trying to evade American curbs on trade with Iran and she now faces extradition. The 46-year-old faces an extradition request from US authorities over an investigation into suspected Iran sanctions violations by the Chinese technology giant 'As there is a publication ban in effect, we cannot provide any further detail at this time Huawei, for its part, has denied sharing information with the Chinese government, as has ZTE
Huawei ‘crashes party’ to become largest telecoms kit supplier Huawei’s unrelenting rise to global dominance in the telecoms equipment market has presented the Chinese company with many challenges including persuading consumers to pronounce its name wah-way, not who-are-we Mr Verwaayen was head of Alcatel-Lucent, the Franco-American telecoms equipment company, at the time
FTSE 100 has worst drop since 2016 as European stocks swoon The FTSE 100 hit a two-year low as fears of a breakdown in US-China relations left the benchmark nursing its biggest daily drop since the Brexit vote The broad Stoxx 600 index shed 3.1 per cent, with Germany’s Dax falling 3.5 per cent and France’s CAC 40 sliding 3.3 per cent
Arrest of finance chief sparks stockmarket crash and fears of a trade war The chief financial officer of Chinese firm Huawei could be extradited to the USA The US has imposed tariffs on billions of dollars worth of Chinese goods since July and has threatened more hikes Read More Top news stories from Mirror Online UK on red alert for Russian spy attacks Headlock leaves woman with 'paralysis' Moment before teen shoots driver UC claimants won't get Xmas bonus
Huawei executive’s arrest threatens US-China trade talks The arrest of Meng Wanzhou, chief financial officer of Huawei, is threatening a diplomatic incident © Reuters Industry insiders and legal experts viewed Washington’s move as the starting shot in the next round of attempts by the US to contain China’s rapid rise as a technology power that has already involved blocking takeovers and successfully pursuing a similar case against ZTE, a state-controlled Chinese rival to Huawei
Boeing CEO says hopeful U.S.-China on course to resolve trade dispute Boeing Co Chief Executive Officer Dennis Muilenburg said on Thursday he is hopef... China has become a key hunting ground for deals for foreign aviation firms thanks to surging travel demand, but the outlook has been complicated by Beijing’s desire to grow its own champions in industry He added that the planemaker had a healthy production backlog Our Standards:The Thomson Reuters Trust Principles
Why 40% iPhone Discount Is Bad For Apple Six years ago, Apple earned a hefty gross margin of 71% on the iPhone. Thanks to its 40% iPhone discount, that margin has plunged to 13%. Apple can't make that up with more Services. Apple's past success flowed from a strategy of supplying customers superbly-designed hardware in well-established product categories -- charging a price premium of at least 40% over rival products In the meantime, taking 40% of the iPhone price is strategic suicide for a company that has defined its strategy for its entire history as the high-priced spread
FTSE 100 suffers WORST DAY since Brexit vote - more than £50 BILLION wiped out LONDON’S stock market suffered its worst day since the Brexit referendum with more than £50 billion wiped from the value of companies listed on the FTSE. But it has since emerged that on the day the leaders talked trade in Argentina, the chief financial officer and deputy chairman of Huawei was arrested in Canada at the request of the US The potential slowdown in global growth is also something the markets are pricing in
US tech execs warned on China travel after Huawei executive arrest Senior US politicians welcomed the news that Huawei chief financial officer Meng Wanzhou had been arrested in Canada and was facing extradition to the US. The US stock market plunged earlier in the week because of growing confusion about what US President Donald Trump and Chinese leader Xi Jinping had actually agreed to at their meeting in Argentina - held on the same day Meng was arrested in Canada Markets need to relax and take a breather, he said
Dow Jones drops 700 points: Why is the Dow Jones falling today? How far will it fall? THE Dow Jones Industrial Average has plummeted by more than 700 points, stoking fear among worldwide investors - but what is behind the sudden drop and will it go further? Market losses are being blamed on rising fears of a trade war between Washington and Beijing, fuelled by the detention of a Chinese executive in Canada A delegate for the OPEC (Organisation of the Petroleum Exporting Countries) said a deal was being sought to cut oil output but had not been agreed
Bank stocks fall the most in 18 months, tumbling into a bear market Bank stocks are plunging as global equity markets continue their sell-off, driven by a flattening yield curve and trade war tensions. Citigroup is down 5.7% after it said it could miss key performance goals and fourth-quarter revenue targets This hurts the firms' profitability, since they make money by charging borrowers higher rates More broadly, markets have been under pressure in recent days amid fears about economic growth and renewed trade war concerns Get the latest Bank of America stock price here
Emerging markets assets sell off over Huawei and global growth worries Emerging markets assets are in the red across the board on Thursday as the arrest of a Chinese executive stokes fears that a U.S.-China trade deal may not happen after all, which could lead to heightened tensions and push the global economy to the edge of the precipice. Few emerging markets currencies could keep their heads above water on Thursday Surprisingly, neither could the U.S. dollar DXY, -0.34% which previously enjoyed a haven treatment on trade woes Subscribe to MarketWatch's free Need to Know newsletter We Want to Hear from You Join the conversation Comment
Chinese Executive’s Arrest Sets Trump Priorities on a Collision Course The arrest of Meng Wanzhou, an executive at the Chinese company Huawei, could imperil trade talks. But it is part of the Trump administration’s efforts to contain China and Iran. Huawei and Ms. Meng are at the top of China’s corporate world, thrusting diplomatic and policy issues in the mix along with law enforcement priorities as the Trump administration weighs its next moves Is Arrested in Canada for Extradition to the U.S. Dec. 5, 2018 Advertisement
Huawei in the crosshairs of a trade war The arrest of Huawei’s CFO tells us the gloves are off in US-China relations. There's no evidence of Huawei having ever been engaged in any spying or handing over of data to the Chinese government You should be under no illusion what this latest move by the US means for the relationship between the world's two largest economies: things have taken a dramatic turn for the worse
Analysis | Trump’s two favorite economic metrics — the stock market and trade deficit — are failing him The stock market is careening and the trade deficit is the widest in 10 years as Americans buy more foreign goods but struggle to sell products abroad. President Trump’s trade spat with China is causing tremors on Wall Street News broke Wednesday that the United States and Canada had arrested one of China’s top business officials from technology and electronics firm Huawei on Saturday, yet another rift between the two nations
Now we know how much Trump’s trade war has cost your portfolio Trump’s trade wars have cost the typical investor about 6% of their money, according to an analysis by Merrill Lynch. NICHOLAS KAMM/AFP/Getty Images Trump supporters attend a Make America Great Again rally on March 10, 2018, in Moon Township, Penn But the trade war hasn’t worked much into the broader economy yet, and by Merrill’s forecast at least the trade wars aren’t a threat to the expansion any time soon
Stock sell-off provides new list of bargain stocks Boeing and Harley-Davidson saw some of the biggest losses on Thursday. In late-morning trading, the Dow Jones Industrial Average dropped more than 700 points, dragging the blue-chip index into negative territory for 2018 Here’s a look at some of the stocks that lost the most during this week’s volatility – and could be the best bargains FOX Business’ Charles Brady contributed to this report
Oil dives 4 percent after OPEC delays output decision Oil fell more than 4 percent in choppy trading on Thursday after OPEC and allied... The United States became a net exporter of crude and refined products for the first time since at least 1991, data from the U.S. Energy Information Administration showed Fears of a further escalation in the US-China trade war, and potential for OPEC+ not cutting oil production deep enough will continue to weigh on oil prices in today’s trading session, said Abhishek Kumar, Senior Energy Analyst at Interfax Energy in London Our Standards:The Thomson Reuters Trust Principles
Leon Cooperman says SEC needs to investigate computer trading for causing 'Wild West' with markets Omega Advisors chairman and CEO Leon Cooperman spoke on CNBC's "Halftime Report" on Thursday afternoon. In the mid-1930s, they instituted the uptick rule to deal with the abuses of 1929 The major stock indexes have plummeted in recent sessions as fears over a slowdown in economic growth and the U.S.-China trade war grip market participants I won't cite all the economic data, but there's just no signs of recession
Dow Drops 605 Points Because the Trade War Isn’t the Half of it It’s another bloody day for stocks, with problems popping up everywhere. But markets may be overreacting. Text size Pressure Pushing Down on Me All three indexes were deep in the red, hurt by an array of worries If the two-year and 10-year curves follow that lead, nerves will only fray further, as that metric is often seen as heralding a recession in the subsequent 12 to 18 months
The Arrest of a Huawei Executive Tanked the Stock Market. Here’s What You Can Do. The 650-point drop in the Dow was spurred by the arrest of Huawei CFO Meng Wanzhou. And it was a confirmation that tensions between the U.S. and China are about more than trade. So far this year, the market action suggests that shortly after algo-meltdown days, humans emerge from behind the rocks and start buying stocks that now look especially cheap That doesn’t mean selling all your stocksthey tend to go up over time, rememberbut it could be a place to stash money if your asset allocation is overweight equities
An Asset Manager Is Making A Big Bet On Bitcoin Bitcoin has had a terrible year but that's not stopping its most faithful supporters betting it's going to rise over the long term... The bitcoin price peaked late last year after an epic bull run.CoinDesk This is a combination of our outlook not only for the upside of cryptocurrencies but also the outlook on public equities, Pompliano told CNBC For the contract to retain any value when it expires on December 28, bitcoin would need to rally some 1,200%, according to a Bloomberg report
U.S. household net worth rises to $109 trillion ahead of stock rout U.S. households added nearly $2.1 trillion to their wealth in the three months t... Much of the gain derived from increases in corporate equity prices, the Fed said The Fed is expected to raise borrowing costs later this month in what would be the fourth quarter percentage point increase this year Our Standards:The Thomson Reuters Trust Principles
US strikes heart of 'Made in China' with Huawei arrest Trump-Xi conciliatory mood derailed as 90-day trade negotiations kick off Huawei's booth at CES Asia 2018 in Shanghai, China, in June The company is central to China's efforts to implement fifth-generation wireless service Its volume of semiconductor imports is roughly six times larger than ZTE, including $1.8 billion from Qualcomm and $700 million from Intel
The Latest: White House hosts tech execs Thursday WASHINGTON (AP) — The Latest on a White House tech meeting (all times local): 11:20 a.m. The White House is hosting what it calls a listening session to hear from tech leaders including the CEOs of Google, Microsoft, IBM, Oracle and Qualcomm. The Thursday lunch meeting will address efforts to advance American leadership in artificial intelligence, wireless technology and quantum computing and how that will affect jobs and the economy. The gathering comes amid strained tensions between President Donald Trump and the tech industry over the U.S.-China trade war and other topics. The president isn't likely to attend but his daughter and adviser, Ivanka Trump, is organizing it. Google CEO Sundar Pichai, Microsoft CEO Satya Nadella, IBM CEO Gini Rometty, Oracle co-CEO Safra Catz and Qualcomm CEO Steven Mollenkopf are among the expected attendees. Also attending are former Secretary of State Henry Kissinger and academic leaders. The Thursday lunch meeting will address efforts to advance American leadership in artificial intelligence, wireless technology and quantum computing and how that will affect jobs and the economy Also attending are former Secretary of State Henry Kissinger and academic leaders
Australian Miner BHP Billiton Faces China Problems of Its Own But Goldman Sachs and JPMorgan part ways on what investors should do now. The next catalyst for the stocks could be the February reporting season, which Young says will be marked by record returns to shareholders and ongoing disciplined investment in high-yielding projects Make the Connection Speaking of commodities, the OPEC meeting isn’t helping oil
Market Remains Under Pressure Amid Fizzling Optimism On Trade, Worry About Yield Inversion After a mid-week break, sharp selling in U.S. stocks looks poised to continue on fears about an inversion in the Treasury market and worries about U.S.-China trade relations. That contrasted to the market optimism Monday after a meeting between Trump and his Chinese counterpart resulted in promises to work together to resolve issues, an agreement by China to buy more U.S. goods, and no new impositions of tariffs for the next 90 days
Lyft's IPO Filing May Be Too Late Lyft wants to go public in Spring 2019. It's growing fast and losing plenty of money. Fortunately it has two years' worth of cash. And if the IPO window is shut, it may need it every penny. And the factors driving down the NASDAQ could continue -- especially if Apple and Facebook continue to suffer from their company-specific problems exacerbated, in part, by the trade war with China The good news is that Lyft is growing faster and losing less money than Uber It may need all of it to keep operating if the IPO window is slammed shut when Spring 2019 rolls around
Dow slides 700 points after Huawei executive's arrest renews trade fears Market sentiment is so fragile that news of an arrest is enough to set off a selling wave. MUST WATCH New York (CNN Business)Market sentiment is so fragile that news of an arrest is enough to set off a selling wave The Huawei arrest just adds to concerns that this trade situation could deteriorate further, said Kristina Hooper, global market strategist at Invesco
Tech execs to gather at White House on Thursday Top executives from Google, Microsoft, IBM, Oracle and Qualcomm are planning to meet at the White House amid strained ties between President Donald Trump's administration and the tech industry. And although it’s not on the list, another potential topic may be the U.S.-China trade war, which has brought hundreds of millions of dollars in tariffs as Washington tries to close a widening trade gap and stop Chinese theft of intellectual property
Treasuries rally as growth-exposed stocks lead Wall St lower The rally in Treasuries picked up steam in morning trade on Thursday, keeping stocks in the red Just days after Presidents Donald Trump and Xi Jinping brokered a temporary ceasefire, news yesterday of the arrest of an executive at Chinese telecoms group Huawei threatens to reignite tension between Washington and Beijing Sectors exposed to global growth were faring worst
FTSE 100 hits two year low amid fears of global trade war and Brexit mayhem LONDON’S stock market plunged to a two-year low amid fears of an impending trade war between the United States and China, combined with Brexit uncertainty. The FTSE 100 share index was down 2… It is yet another huge blow to what was already looking like a fragile and inchoate ceasefire, and has sent the markets into another value-eroding funk But only a month before that, the share index fell by 1.9 per cent following disappointing earnings on Wall Street
The trust dilemma of continuous background checks First, background checks at startups, then Huawei’s finance chief is arrested, SoftBank’s IPO is subscribed, and I am about to record our next edition of TechCrunch Equity. It’s Thursday, December 6, 2018. TechCrunch is experimenting with new content forms. This is a rough draft of something new &#… I wrote about how that doesn’t make any sense, since delaying tariffs doesn’t do anything to solve the structural issues in the US/China conflict: To me the market is deeply misjudging not only the Chinese economy, but also the American leadership as well
Will trade be the Grinch that steals Christmas for investors? It seems to be happy holidays for the American economy, but there is a big risk. His slight shift to a less-hawkish tone seemed to be giving into President Trump's wishes after months of Fed slams which shows policymakers don’t appear to be above the political winds of the presidency John Layfield is FOX Business contributor and is the longest reigning WWE Champ in Smackdown TV history
FedEx Stock Won’t Be Hurt by Amazon, Says Analyst Cowen & Co.’s Helane Becker reiterated an Outperform rating on FedEx and sees about 31% upside for the logistics firm’s stock. (FedEx managed another year of some 99% on-time performance during Black Friday, a trend she believes lasted into Cyber Mondaymeaning customers are likely not deterred by additional peak handling surcharges the company introduced.) She also believes that the valuation on the beaten-down shares are attractive, leading to a positive risk-reward profile