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Trump: China will buy $50 billion in agricultural goods President Trump discusses China’s purchase of agricultural products under the phase one trade deal. The landslide victory of UK Prime Minister Boris Johnson along with President Trump’s victory on phase one of the U.S. China trade deal, as well as United States-Mexica-Canada agreement (USMCA) earlier this week is signaling a global move […]
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New York (CNN Business)Stocks were up Friday morning after Chinese officials said that a phase one deal had been reached with the United States that would avert an escalation of the trade war and tariffs that were set to kick in on Sunday. The Dow rose more than 200 points and hit a new intraday all-time high in the process. […]
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(For a live blog on European stocks, type LIVE/ in an Eikon news window) Dec 13 (Reuters) – European shares neared a record high on Friday on hopes of an orderly Brexit after a landslide election victory for British Prime Minister Boris Johnson and signs of a last-ditch trade deal between the United States and China. Markets believe a Conservative […]
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Commonwealth Bank expects to pay back of total of $53.1 million to tens of thousands of staff who were underpaid wages or other entitlements due to errors in the bank's systems. CBA, which has been reviewing its records for underpayment since early last year and has already made some of these reimbursements, on Friday revealed the total amount that it […]
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Hong Kong/Washington (CNN Business)Stocks in Asia popped on news that US and Chinese negotiators have agreed in principle to an initial “phase one” trade deal, cooling tensions somewhat between the world’s top two economies. Japan’s Nikkei 225 (N225) jumped more than 2% after the market opened Friday. Hong Kong’s Hang Seng Index (HSI) also advanced 2%, poised for the biggest […]
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In this article It started last Friday, with a blowout U.S. jobs report that beat all expectations. Then in quick succession late Thursday investors got news that the guns will be holstered in the U.S.-China trade war, and that Britain is lifting itself out of the quagmire of a hung parliament. Suddenly, all the worries about a global recession, yet […]
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U.S. stocks on Friday were set to add to their Thursday rally as China and the U.S. neared the signing of a "phase one" trade deal, removing a key uncertainty for investors less than three weeks before the end of the year. Dow Jones Industrial Average futures were up 100 points in after-hours trading, indicating a gain of 75 points […]
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Check out the companies making headlines after the bell: Shares of Adobe jumped more than 2% after the company posted a fourth-quarter earnings beat. The software company posted earnings of $2.29 per share on revenue of $2.99 billion, exceeding the earnings of $2.26 per share and revenue of $2.97 billion analysts expected, according to Refintiv consensus estimates. Deferred revenue fell […]
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Political scientist makes surprising claim: Trump impeachment would guarantee his re-election in 2020 A Trump impeachment would guarantee the president's re-election, according to political expert Jeanne Zaino. Taking on the party's leadership in a new episode of Fox Nation's "Deep Dive," Zaino called the impeachment push "dangerous" and warned of potential ramifications for Democrats heading into 2020. "What the Democrats will do […]
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U.S. Treasury yields climbed on Thursday following reports that the U.S. could trim existing import tariffs on Chinese goods, as well as delaying those set to kick in on Sunday, reducing the risk that President Trump’s trade war will further undermine global economic growth. The 10-year Treasury note yieldTMUBMUSD10Y, +5.22% jumped 11.5 basis points to a four-week high of 1.901%, […]
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