US-China trade deal, Boris Johnson and USMCA win trifecta for commodities

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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IMF chief: Trade war could cost world economy $700B

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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Stocks making the biggest moves after hours: Adobe, Oracle, Costco and more

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

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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Treasury yields surge to four-week high on report of China tariff deal

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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