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Opinion | The dirty little secret of the ‘Trump Doctrine’: There isn’t one Trump’s pet intellectuals discredit themselves. Trump’s former National Security Council spokesman Michael Anton takes this idea for a longer test-drive in Foreign Policy This is a president who is capable of changing his mind between the beginning and end of a single sentence Anne Applebaum: It’s clear why Trump likes autocrats Jason Rezaian: The United States should support democracy
Weak spots emerge in China's economy as trade war intensifies New figures show parts of China's economy slowing as Beijing tries to reach an agreement with the US over trade. [FILE: Jason Lee/Reuters] The talks stalled last week, reportedly after China tried to delete commitments from a draft agreement stating that its laws would be changed to enact new policies on issues from intellectual property protection to forced technology transfers
Euro retraces losses on report auto tariffs will be delayed The euro retraced earlier losses against the U.S. dollar on Wednesday after admi... If there are European rules that are starving a continent, these rules must be changed, Salvini said on Wednesday, a day after he said the government was ready to breach EU rules that seek to limit budget deficits and curb excessive debt Our Standards:The Thomson Reuters Trust Principles
Kirkland's stock sinks toward 10-year low after analyst cuts rating, slashed price target Shares of Kirkland's Inc. tumbled 5.6% toward a 10-year low in morning trade Wednesday, after the home decor retailer was downgraded at B. Riley FBR, citing... KIRK, -4.87% tumbled 5.6% toward a 10-year low in morning trade Wednesday, after the home decor retailer was downgraded at B Riley FBR, citing increasing headwinds that will likely limit a profit recovery Analyst Jeff Van Sinderen cut his rating to neutral, after being at buy since March 2017, and slashed his price target to $6.50 from $12.00
Macy's CEO seeing tariff hit on furniture business Macy's Inc said on Wednesday the recent tariffs on Chinese imports by Washi... Gennette said brick-and-mortar sales trend improved sequentially in the first quarter, helped by its off-price Backstage business (For a graphic on 'Macy's Same-Store Sales Performance' click Our Standards:The Thomson Reuters Trust Principles
U.S., European shares strengthen after Trump auto-tariff delay U.S. and European stock indexes erased losses and turned positive on Wednesday a... MSCI’s gauge of stocks across the globe gained 0.33% China reported surprisingly weaker growth in retail sales and industrial output for April The dollar index, which measures the greenback against a basket of currencies, was flat, with the euro up 0.03% to $1.1206 Our Standards:The Thomson Reuters Trust Principles
Ricoh moves output to Thailand as China tariffs extend to printers High-end models now made in Shenzhen are subject to Trump's latest list The Americas account for roughly 30% of Ricoh's printer segment revenue The Chinese- and Thai-made printer models share 70% to 80% of the same components A spokesperson for Fuji Xerox said the company will consider the best response while closely watching developments
4 Casino and Hotel Stocks That Can Beat the Trade War Wynn Resorts, MGM, Hilton, and Wyndham are JPMorgan’s top picks in the sector.
Stocks lower in early morning trading following Tuesday’s recovery Banks were coming under pressure as bond yields fell sharply, which reduces loan rates and profits. Lower yields mean lower interest rates on loans, which makes lending less profitable Macy's climbed 1.4% after turning in results that beat forecasts It recovered nearly a third of its loss from Monday and would now need to rise 3.9% to reach the record high it set a couple of weeks ago
Perspectives: My daughter was killed on the Ethiopian Airlines flight. We need to keep unsafe planes on the ground People around the world have a stake in what happened to that flight since they regularly rely on an airline industry that still faces troubling safety issues, writes Nadia Milleron, whose daughter was killed on Ethiopian Airlines Flight 302. Nadia Milleron lives in Sheffield, Massachusetts Boeing CEO Dennis Muilenburg has said that he is sorry for the lives lost And Boeing is working on a software update for the Max More Markets & Economy Perspectives It's a tough time for trade But we want to help prevent others from being killed
Tencent profit tops forecast as fintech and cloud revenues surge Tencent Holdings Ltd posted record quarterly profit on Wednesday, smashing marke... But president Martin Lau said on an earnings call that its nascent industrial internet business was still loss-making and needed more investment in capital and headcount From an operating perspective the business is still in investment mode, so in addition to the capital expenditure the business is also generating some operating losses, he said Our Standards:The Thomson Reuters Trust Principles
Weak U.S. retail sales, industrial output point to slowing economy U.S. retail sales unexpectedly fell in April as households cut back on purchases... The dollar was trading slightly higher against a basket of currencies They were previously reported to have soared 1.0% in March SLOWER CONSUMER SPENDING Consumer spending accounts for more than two-thirds of economic activity Our Standards:The Thomson Reuters Trust Principles
Pentagon Rips TransDigm for ‘Gouging’ Taxpayers With $4,361 Metal Pin TransDigm fell as much as 4.7 % on Wednesday, the biggest intraday decline since Dec. 27. But, as a general proposition, the fairness and reasonableness of prices that the DoD pays for commercial items is determined by market prices generated in the commercial marketplace, he said More must-read stories from Fortune : A Pentagon contractor’s 9,400% profit on a half-inch metal pin is challenged These are the U.S. goods affected by the China tariffs How to invest during a trade war Bernie Sanders has a message for Trump on trade Get up to speed on your morning commute with Fortune ’s CEO Daily newsletter
Perspective | Trump says he knows everything. He’s obviously wrong. A president who insisted he alone could fix U.S. problems has, instead, bumbled into new ones. President Trump speaks to journalists at the White House on Tuesday He has spurned his economic advisers on foreign economic policy Those of us who have studied these matters, however, see too many brush fires that can escalate into an uncontrollable blaze
Donald Trump is short-circuiting the electronics industry The latest round of tariffs are a nightmare scenario for manufacturers. In order to get prices back to pre-tariff levels, companies will have to reshape their supply chains, which can be a slow and expensive process It’s too early to forecast doom, but if you’re a hardware company that isn’t Apple or Samsung, the next few years just got a lot tougher
Treasury yields fall to lowest in months following soft US data An inverted yield curve has preceded every recession since the second world war The S&P 500 on Monday had its biggest one-day drop since early January as Washington’s decision to raise tariffs on Chinese imports prompted retaliatory action from Beijing, and progress towards a resolution of the trade war between the world’s two biggest economies remains unclear
The Daily 202: Marco Rubio slams CEOs for bad China deals, short-term thinking and not investing in U.S. workers Amid growing strains between business and the GOP, Rubio fleshes out his “pro-work agenda.” -- Company documents show that Trump’s resort in Doral, Fla., is in steep decline – Joe Biden, expressing a strikingly naive hope that there will be a return to bipartisanship But all in all it’s a drier, brighter and warmer stretch than we’ve seen in a while ABC News (@ABC) May 15, 2019
Ford to build more Lincolns for Chinese market locally: CFO Ford Motor Co plans to start production of new luxury Lincoln models in China fo... FILE PHOTO: A Lincoln car with self-driving equipment developed by Ford and Baidu is seen at a product launching event in Shanghai, China April 3, 2019 He declined to say how much Ford will save through localized production Ford sales slumped 37 percent in 2018, after a 6 percent decline in 2017 Our Standards:The Thomson Reuters Trust Principles
Wall St. falls as weak economic data triggers growth worries U.S. stocks fell on Wednesday, as a clutch of weak economic data from the United... However, markets took a breather on Tuesday after U.S. President Donald Trump downplayed the trade war with Beijing and said he would talk to Chinese President Xi Jinping at a G20 Summit in Japan late next month Our Standards:The Thomson Reuters Trust Principles
The Stocks, ETFs, and Sectors Hurt Most by Trump’s New Tariffs Technology, materials, and industrials stand to lose the most from a prolonged trade war. We run down the stocks and ETFs already feeling the pain most acutely.
Was It The Shoes? Kawhi Leonard Scores Big For New Balance Leonard's iconic buzzer beater thrilled fans–and put New Balance back in the game. Tonight as Kawhi Leonard of the Toronto Raptors takes to the court in the Eastern Conference Finals, fans will be wondering: Will he repeat the dazzling high-arcing, triple-doinking buzzer-beater jump shot that won the Raptors Game 7 against the Philadelphia 76-ers data obtained by Footwear News, basketball sneaker sales have been on the declinedropping 12% in 2017, 7% in 2018 and 21% in 2019 (as of March)
US industrial production unexpectedly declines in April This comes after the Institute for Supply Management said US manufacturing grew at its weakest level in 2 and a half years in April Strength in the US dollar and uncertainties surround the US-China trade war that have only escalated in recent weeks have hamstrung factory activity The two reports add to the recent mixed bag of economic data
Germany PANIC: Economy ‘faces BATTERING from Trump’ if US imposes car tariffs THE German economy could face a hammering from Donald Trump should the US President impose tariffs on European car manufacturers, an analyst has claimed. The growth in the first quarter of this year is a sign of light but it’s no reason to sound the all-clear Peter Altmaier, Germany economy minister He said any losses could happen over three trading days, or over five to 10 sessions France saw production decline by 1.0 percent in March, while Italy recorded a fall of 0.9 percent in the same month
China will ‘embrace world’ even more, Xi promises as US trade war escalates Chinese President Xi Jinping is preaching “openness” in an effort to make China look like a friendlier trade partner, as tensions over new tariffs with the US escalate. My respect and friendship with President Xi is unlimited but, as I have told him many times before, this must be a great deal for the United States or it just doesn’t make any sense It has also criticized China’s new trade route aimed at increasing its commercial presence in Europe, known as the Belt and Road Initiative
U.S. factory output drops for third time in four months Declining output of cars and machinery led U.S. factory production to fall unexp... Inventories at U.S. businesses have swelled in recent months, with some trying to stock their shelves before new increases in tariffs on Chinese goods took hold Factories produced fewer pieces of machinery and electrical equipment like appliances, according to the Fed report Our Standards:The Thomson Reuters Trust Principles
China’s nuclear option of dumping US bonds would cause absolute chaos in global markets – expert The ongoing tit-for-tat tariff exchange between China and the US could push Beijing to strike back with the so-called ‘nuclear option’ – dumping its vast holdings of Treasury bonds. Until China fully internationalizes and hardens its currency, it simply cannot walk away from US debt markets… and doing so would be self-damaging, he said For more stories on economy & finance visit RT's business section Trends: China newsTrade War newsUS news
Why U.S. Just Ordered Non-Emergency Employees to Leave Iraq Embassy A statement attributed the imminent departures to an “increased threat stream.” Trump says Iran’s missile program and support for militant groups is destabilizing the Mideast region and he has made countering the Islamic Republic a primary focus of his foreign policy, encouraged by Iranian foes led by Saudi Arabia, the United Arab Emirates and Israel
Pelosi, Lighthizer to talk trade agenda | Nadler says Trump making impeachment difficult to avoid House Speaker Nancy Pelosi will host U.S. Trade Representative Robert Lighthizer Wednesday afternoon, Politico reports, as President Donald Trump faces... Nadler on impeachment: Judiciary Committee Chairman Jerry Nadler tells CNBC the House of Representatives probably isn’t heading for impeachment of Trump, but Our major goal has to be to vindicate the rule of law, the New York Democrat says We Want to Hear from You Join the conversation Comment
Alibaba returns to growth with revenue up 51% to $13.9 billion – TechCrunch It’s business as usual for Alibaba after the Chinese e-commerce giant bounced back from a lackluster Q3 — which saw its slowest growth for three years. For Q4, the company saw revenue surge 51 percent year-on-year to reach 93.5 billion RMB, or $13.9 billion. That revenue beat analyst ex… Indeed, over the past year, more than 70 percent of the increase in annual active consumers was from less developed cities, Tsai said, adding that spending in tier three, four and five cities is projected to triple to $7 trillion in the coming years Digital entertainment is another cash-guzzling business for Alibaba, although the firm once again refrained from revealing user number for its video streaming service Youku, once a pioneer in the industry
Oil falls on U.S. inventories rise, Middle East tensions cap losses Oil fell on Wednesday after data showed a surprise rise in U.S. crude inventorie... Given that nearly one-third of global oil production and nearly all of global spare capacity are in the Middle East, the oil market is very sensitive to any attacks on oil infrastructure in this region, Swiss bank UBS said, adding it expected Brent prices to rise toward $75 in coming weeks
Trump accused of risking 'devastating' conflict with Iran as China trade war escalates - follow live updates Follow the latest updates from Washington Donald Trump has been accused of playing a very dangerous game with Iran and risking dragging the US into a new war in the Middle East that could have devastating consequences Joe Sommerlad 15 May 2019 10:51 2019-05-15T10:15:00.000Z But it was this guy's socks - and the resulting photo - that were surely the true highlight of the day
Trump's attempts to rally allies against Iran falls flat with UK official who says there's no threat 'No, there has been no increased threat from Iranian-backed forces in Iraq or Syria' While Trump has made no secret of his reluctance to engage in another military conflict in the Middle East, and has ordered US troops home from Syria, his secretary of state and his national security adviser have pushed a maximalist hard-line approach on Iran
Analysis | The Energy 202: Trump promotes natural gas as it gets caught up in U.S.-China trade war The Louisiana event yesterday sounded more like a campaign rally. Former vice president and Democratic presidential candidate Joe Biden (Spencer Platt/Getty Images) Biden’s climate challenge: As the former vice president faces an early test of his policies, he is pushing back on criticism of his reported climate plan Lunar samples 15556, 60015 and 70017 in a stainless-steel processing cabinet that contains a nearly pure nitrogen atmosphere at Johnson Space Center in Houston
This is what foreign policy looks like when you have no strategy When it comes to foreign policy, Trump has whims and beliefs but no coherent strategy. The result is unforced errors and crises around the globe. It cozies up to dictators like Russia’s Vladimir Putin and treats allies like Germany’s Angela Merkel with contempt But those were easy, accomplished by signing proclamations He succeeded in renegotiating NAFTA, the trade deal with Mexico and Canada But its ratification in the Senate is far from assured It’s not clear that the United States can do it alone
Gold firms as stocks point lower, but metal is still pinned below $1,300 Gold futures moved modestly higher Wednesday, although remained below the psychologically significant price of $1,300, as stock indicators again flashed red. it is just that is may take a few weeks to know, said Richard Perry, analyst at Hantec Markets Trump says three or four weeks, but with the G-20 summit at the end of June, where he and President Xi are sure to meet, it could be longer Rachel Koning Beals Rachel Koning Beals is a MarketWatch news editor in Chicago We Want to Hear from You Join the conversation Comment
U.S.-China Trade War Is Hurting Tech Stocks And no resolution is in sight. Buyers seen waiting in a queue to purchase Apple products at an official Apple store in Hong Kong The public increasingly understands the threat this technology can pose and that isn’t what they want, ACLU attorney Matt Cagle, who helped write the law, said
Grim China data, Italy woes smother global stocks recovery A global equity recovery set off by softer rhetoric from U.S. President Donald T... The recent escalation in tariffs makes that more difficult and can only add to investor risk aversion and increase the risk of a more prolonged economic downturn U.S. futures pointed to a softer open on Wall Street, following healthy gains the day before Our Standards:The Thomson Reuters Trust Principles
Method to Trump's China trade war madness: It's bad for America but good for him in 2020 Tariffs make no sense economically but perfect sense if the goal is a crony capitalist kleptocracy where jobs and profits hinge on being nice to Trump. Trump’s tariffs will also have a negative effect on gross domestic product growth Follow him Twitter: @Steven_Strauss The cartoonist's homepage, Andy Marlette, Pensacola (Fla.) News Journal Fullscreen The cartoonist's homepage, Marc Murphy, (Louisville, Ky.) Courier Journal Fullscreen The cartoonist's homepage, Mike Thompson, USA TODAY Fullscreen The cartoonist's homepage, Mike Thompson, USA TODAY Fullscreen The cartoonist's homepage, Marc Murphy, (Louisville, Ky.) Courier Journal Fullscreen The cartoonist's homepage, Andy Marlette, Pensacola (Fla.) News Journal Fullscreen The cartoonist's homepage, Marc Murphy, (Louisville, Ky.) Courier Journal Fullscreen The cartoonist's homepage, Andy Marlette, Pensacola (Fla.) News Journal Fullscreen The cartoonist's homepage, Marc Murphy, (Louisville, Ky.) Courier Journal Fullscreen The cartoonist's homepage, Mike Thompson/USA TODAY Fullscreen The cartoonist's homepage, Andy Marlette, Pensacola (Fla.) News Journal Fullscreen Last SlideNext Slide
Alibaba 4Q net profit jumps over three-fold on year Asia-focused English-language publication that brings you insights about business, finance, economic and political news, comments and analysis for Asia, by Asia on For the full year ended March, net profit rose 37% to 87.60 billion yuan The growth came after the economy last year expanded at its slowest rate in almost three decades against the backdrop of a trade war with the U.S. The e-commerce major had in October disclosed plans to merge its food delivery services platform with local services platform Koubei, consolidating its online services catering to consumer lifestyles
London markets retreat as trade war escalates London equities dipped on Wednesday, amid the escalating trade wars between the U.S. and China In a meeting with Corbyn on Tuesday, May said she wanted to see the bill approved by ministers before the House’s summer break in late July The Royal Bank of Canada described these results as underwhelming We Want to Hear from You Join the conversation Comment