Trump’s Next Trade Feud Has Parcels From China in Its Sights
Snow, rain or heat can’t keep the mail from reaching its appointed address in the U.S. But what about a trade war Next week, White House trade adviser Peter Navarro will lead a delegation to Geneva to try to reform the 145-year-old global system of coordinating postal policies, a methodContinue Reading
Trump grants tariff exemptions to plastic straws, dog leashes and more from China
Temporarily, the United States is exempting over 400 types of Chinese products from tariffs that were imposed by President Donald Trump’s administration last year. That’s as per the 3 documents set to be published by the Office of the U.S. Trade Representative on Friday. The exclusions include things such asContinue Reading
FedEx pilot detained in China before commercial flight
Last week in China, a FedEx pilot was detained after items were found in his checked bag before he boarded a commercial flight. FedEx said former United States Air Force pilot Todd A. Hohn was later on released, and it is working with Chinese authorities to know what happened atContinue Reading
Why is the NY Fed pumping billions into the money market?
In more than a decade for the first time, this week the US central bank, stepped into economic markets to keep interest rates on short-term lending from popping over its target range. On Tuesday and Wednesday, The New York Federal Reserve Bank conducted money market interventions as well as plannedContinue Reading
City moves ahead to garner money for affordable housing
In the latest legislative session, Olympia authorized cities and county lawmakers to capture a part of already-collected sales tax and keep it. To put toward reasonably priced housing initiatives, lawmakers said, whether those be constructing new housing or contributing to efforts to protect affordable housing that’s already out there. TheContinue Reading
U.S. Sanctions Severely Cripple Venezuela’s Oil Production
As if the oil industry of Venezuela is not in a bad enough place before now, the nation sitting on top of the largest oil reserves in the world is forced to slow already low oil production as well as suspend some blending. This is because its crude reserves areContinue Reading
The Fed cut rates for the second time this year
On Wednesday, since July, the Federal Reserve cut interest rates by a quarter percentage point for the second time as concerns grow about a potential worldwide slowdown. The door is left open by the officials for one more rate cut this year if the economic slowdown further, supporting the messageContinue Reading
3 JPMorgan traders indicted in alleged pricing scheme
US Department of Justice charged 3 JPMorgan Chase traders in gold and other costly metals with alleged market manipulation. On Monday, the Justice Department said, the alleged conduct spanned eight years. The government charged Michael Nowak who is a managing director, Gregg Smith who is an executive director and headContinue Reading
Jim Cramer reveals ‘quick and dirty’ Wall Street tricks for buying cloud stocks
On Monday, Jim Cramer revealed ‘quick and dirty’ tricks that investors may use for assessing enterprise software stocks like a Wall Street expert. In recent weeks because of the rotation from secular to cyclical investments high-flying cloud equities have taken double-digit. Thus, the ‘Mad Money’ host warned that it’s timeContinue Reading
Ron Paul: US interest rates are going negative, and the Fed can’t stop it
Ron Paul is warning negative interest rates will crush the global economy. The former Republican congressman from Texas believes the U.S. won’t be the exception. “We will join the rest of them and go to total negative rates in hopes that that will be the solution,” he said on Thursday. “We’veContinue Reading