Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly: CHINA RAISES TARIFFS: China raised its tariffs on U.S. goods to 125% from 84%. “If the U.S. continues to impose…
On the surface, the re-election of Donald Trump poses significant risks for Yum China (YUMC). As a fast-food operator commanding prominent brands like KFC and Pizza Hut in the lucrative Chinese market, YUMC stock would ordinarily be a compelling opportunity. However, Trump’s proposal for tariffs — combined with prior grievances against China’s leadership — has…
Shares of fast-food company Yum China (NYSE:YUMC) jumped 9.1% in the morning session after the company reported strong third-quarter earnings that significantly blew past analysts’ sales and EBITDA estimates. Notably, the same-store sales growth improved on strong contributions from both the KFC and Pizza Hut brands as the company continued to optimize pricing while introducing…
China’s stocks have soared over the past week, but will the surge continue? Jie Zhao/Getty Images On the housing front, the latest leap came after three of China’s biggest cities loosened regulations for home purchases, and the central bank moved to lower mortgage rates. Residential real estate is a key — and struggling — industry for the nation of…