A U.S. Department of Commerce employee and U.S. citizen has been unable to leave China since mid-April and is under heavy surveillance by the Chinese government. Chinese intelligence officers reportedly began tracking the employee, who is also a veteran, after he traveled to a region of southwest China to visit family members. The intelligence officers…
(Bloomberg) — The perils of trade and geopolitics will only slow the rally in European stocks rather than derail it, according to Wall Street strategists. Most Read from Bloomberg The Stoxx Europe 600 Index (^STOXX) is expected to end the year around 557 points, according to the average of 19 strategists polled by Bloomberg. That…
Cathay Pacific Airways’ passenger traffic levels grew by 19.8 per cent year on year in March, with Hong Kong’s flag carrier anticipating uncertainties for its cargo business amid sweeping US tariffs. The airline said on Wednesday that March had been a “quieter month” in terms of travel business, recording about 2.26 million passengers for the…
BEIJING (Reuters) – China’s Foreign Minister Wang Yi warned Global South nations that “unilateral bullying” was hurting a rules-based world, as Beijing kept up the diplomatic pressure on U.S. President Donald Trump to roll back his punitive trade tariffs. Power politics and unilateral bullying were undermining international rules and creating divisions and confrontations, Wang told…
(Reuters) – Britain’s main indexes recovered from their lowest levels in more than a year on Tuesday, as investors look for any indication of Washington softening its stance on the aggressive tariffs that have roiled global markets over the last few days. The blue-chip FTSE 100 rose 1.4%, as of 1000 GMT, after falling for…
TAIPEI (Reuters) -Taiwan’s President Lai Ching-te said on Sunday that Taiwan will not impose reciprocal trade tariffs against the United States, but will remove trade barriers, and that Taiwanese companies will gradually increase their investments in the country. President Donald Trump announced across-the-board import tariffs on Wednesday, with much higher duties for dozens of trading…
We recently published a list of Top 10 Growth Stocks in David Tepper’s Portfolio. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other top growth stocks in David Tepper’s Portfolio. Buy “everything” related to China has been David Tepper’s investment theme despite the uncertainties about the…
Super Micro (SMCI) Stock Trades Down, Here Is Why Shares of server solutions provider Super Micro (NASDAQ:SMCI) fell 8.8% in the afternoon session after stocks pulled back (Nasdaq -1.5%, S&P 500 -1.2%) amid fresh concerns about trade tariffs. The pullback followed comments from President Trump clarifying the scope of his administration’s 25% tariffs on Venezuela….
(Bloomberg) — US stock-index futures climbed in early Asia trading on signs that the next round of President Donald Trump’s trade tariffs could be more measured than had previously been suggested. Asian equity futures pointed to an early loss. Most Read from Bloomberg S&P 500 futures rose 0.4% after the cash market closed marginally higher…
Stocks in Hong Kong traded between gains and losses as global banks including Citigroup and Goldman Sachs retained their bullish views on Chinese equities on valuation appeal, following a three-day market slide stoked by recession risks. The Hang Seng Index fell 0.1 per cent at 23,752.53 as of 10.50am local time on Wednesday, after rising…