Economy

Shanghai: China Shares Drop, Yuan Falls on New USA Tariff

Shanghai: China Shares Drop, Yuan Falls on New USA Tariff

Shanghai: Shares Drop, Yuan Falls on New USA Tariff ’s stocks slumped Wednesday after three days of gains and the yuan weakened as the United States threatened more import duties on Chinese goods, sharply escalating the trade conflict between the world’s two biggest economies. China’s commerce ministry said it was “shocked” by Washington’s latest move, which comes just days after […]

President Trump: NATO Allies Should 2X Defense Spending Targets

President Trump: NATO Allies Should 2X Defense Spending Targets

President : NATO Allies Should 2X Defense Spending Targets President Donald has proposed 2X’ing the 2% defense spending targets for the NATO alliance. His suggestion was informal and made in a closed-door session of a North Atlantic Treaty Organization NATO Summit in Brussels Wednesday, the suggestion was not designed ease tensions in a forceful meeting. The atmosphere in the hall […]

President Trump to Congressional Dems, “Vote to fix our terrible immigration laws”

President Trump to Congressional Dems, “Vote to fix our terrible immigration laws”

President to Congressional Dems, “Vote to fix our terrible immigration laws” Wednesday, US President Donald , demanded that Democrats in Congress “vote to fix our terrible immigration laws.” President Trump’s comments came in a Tweet while he was attending the NATO Summit in Brussels. In the Tweet he also pointed the finger at “illegals and traffickers” for using children. President  Trump […]

China Officially says, “Keep calm, do not inflame trade row with US”

China Officially says, “Keep calm, do not inflame trade row with US”

Officially says, “Keep calm, do not inflame trade row with US” $DIA, $SPY, $QQQ, $RUTX, $VXX is not ‘happy’ about Washington’s hard line on trade, but has controlled coverage of the dust-up in its media, limiting open commentary and banning attacks on US President Donald Trump. Beijing has issued unusually strict rules limiting coverage of the trade war because of […]

The Trump Effect, Crude Oil Prices Fall Across the Board

The Trump Effect, Crude Oil Prices Fall Across the Board

The Effect, Crude Oil Prices Fall Across the Board $OIL, $USO Wednesday, ICE Brent Crude fell more than $2 bbl after US President Donald threatened to levy new tariffs on and Libya announced the reopening of Key Crude Oil export terminals. ICE Brent Crude fell $2.10, or 2.7%, to a low of 76.76 before recovering slightly to $77.20, down $1.66, […]