President Donald Trump, right, speaks as Jerome Powell, Trump’s nominee as chairman of the Federal Reserve, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., Nov. 2, 2017. Olivier Douliery | Bloomberg | Getty Images White House economic adviser Kevin Hassett said on Friday that President Donald Trump…
By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday signaled a potential end to the tit-for-tat tariff hikes between the U.S. and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait. “I don’t want them to go higher because at a certain…
President Donald Trump on Thursday expressed confidence that the United States would reach a trade agreement with China, even as tensions between the two countries remain high and there is no clarity on when talks might resume. “Oh we’re going to make a deal,” Trump said from the White House in response to a reporter’s…
Hong Kong must “gear up to fight a long battle” in the escalating trade war with the US by diversifying risks and accelerating brand upgrades, the city leader has said, citing views from local delegates to China’s top legislature and political advisory body. Chief Executive John Lee Ka-chiu hosted a closed-door seminar on Thursday at…
Donald Trump says the US will strike a “very good” trade deal with China, as both countries remain locked in a tariff war. Several Asian countries have started negotiations with the US over his levy policy but despite facing the highest tariffs China has not. A White House website page states that some Chinese goods…
Hong Kong must “gear up to fight a long battle” in the escalating trade war with the US by diversifying risks and accelerating brand upgrades, the city leader has said, citing views from local delegates to China’s top legislature and political advisory body. Chief Executive John Lee Ka-chiu hosted a closed-door seminar on Thursday at…
NEW YORK — U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said President Trump’s trade war is clouding forecasts for how they and the economy will do this year. The Standard & Poor’s 500 index sank 2.2% after falling…
Spencer Platt/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Stocks fell as a pair of warnings from Nvidia and the Federal Reserve hit investor confidence. Nvidia’s forecast of a $5.5 billion earnings hit and export restrictions led to tech-sector declines….
When the facts change, I have to change my mind, lest be caught in some sort of homegrown dogma that will hurt us all. That’s how I feel about a phrase that has withstood all sorts of markets but I fear may have finally lost its usefulness: “own it, don’t trade it.” Those of you…
Global markets are again under pressure following an escalation in U.S.–China trade tensions, with investors fleeing to havens and tech stocks taking a beating. Gold surged over 2% on Wednesday to top $3,300 per ounce and set a new record high. The dollar weakened further, and Nasdaq futures pointed to a rough day ahead for…