Trump tariffs: How the trade wars are affecting manufacturing jobs and pay

With the U.S.-China trade war intensifying, there is a lot of talk about whether tariffs save American jobs — as President Donald Trump claims — or destroy them. On May 14, for example, Trump said his tariffs helped save the U.S. steel industry. Whether or not that’s true, many economists and industry organizations argue trade protectionism is actually hurting workers […]

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3M’s stock extends selloff, has lost 17% since Q1 earnings

Shares of 3M Co. MMM, -1.66% slumped 1.9% in afternoon trade, putting them on track to close at a 4 1/2-month low, as investors expressed concerns over an escalating U.S.-China trade dispute. The stock has now tumbled 17% since the consumer, industrial and health-care products company reported disappointing first-quarter results, highlighted by the 13% plunge the day the results were […]

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GE’s stock bounces into positive territory in attempt to snap 8-day losing streak

General Electric Co.’s stock GE, +0.06% edged up 0.2% in afternoon trade Monday, erasing earlier losses of as much as 2.3%, in a late attempt to snap its losing streak at 8 sessions. The industrial conglomerate’s stock had tumbled over the past eight sessions, highlighted by the 5.2% drop on April 8 after J.P. Morgan analyst Stephen Tusa downgraded GE […]

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Durable-goods orders rise in January for third straight month as investment rebounds

The numbers: Orders for long-lasting durable goods rose in January for the third month in a row and business investment posted the biggest increase since last summer, indicating a key segment of the economy is still expanding at a steady if unspectacular pace. Orders rose 0.4% in January, according to a government report delayed because of the partial federal shutdown […]

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3 tips for beating the stock market — from a fund manager who keeps doing it

With trading commissions approaching zero and cool mobile apps making the stock market look like just another video game, it’s more tempting than ever to “entertain” yourself with rapid-fire trading. But that’s one of the worst things you can do. Time and again, the most successful investors from Warren Buffett on down preach the simplicity and importance of buy and […]

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GE’s credit rating outlook turns ‘negative’ at Fitch; stock drops

The outlook for General Electric Co.’s GE, -3.82% credit has been revised to negative from stable at Fitch Ratings, which cited concerns over risks to the diversified industrial company’s power business, free cash flow and support for GE Capital. GE’s stock dropped 3.8% in midday trade. The credit rating agency affirmed GE’s long-term rating of BBB+, which is three notches […]

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ISM manufacturing index rebounds in January, easing worries about the sector

The numbers: American manufacturers say business picked up in the first month of 2019 after moderating sharply in December. The Institute for Supply Management said its manufacturing index rebounded in January to 56.6% from 54.3% in the prior month. The latest reading, derived from a survey of executives, exceeded the MarketWatch forecast of 54.3%. Readings over 50% indicate more companies […]

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GE’s stock jumps after earnings missed, but revenue rose above expectations

Shares of General Electric Co. GE, +2.25% shot up 3.1% in premarket trade Thursday, after the diversified industrial company reported a fourth-quarter profit that missed expectations but revenue that beat. GE swung to net income of $574 million, or 7 cents a share, from a loss of $11.00 billion, or $1.27 a share, in the same period a year ago. […]

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