&l;p&g;The U.S. has been engaged in a trade war with China for the last two months. But now the trade war has gone global. From tomorrow, June 1st, Canada, Mexico and the EU will face 25% tariffs on steel exports to the U.S. and 10% tariffs on aluminium.
The move caused further turmoil on markets already unsettled by Italy&a;rsquo;s political crisis. The Dow Jones industrial average dropped....More>>>
IN THE NEWS
Not a month after announcing a hold on the trade war, President Donald Trump approved Thursday night about $50 billion in tariffs on Chinese exports. The Administration is making amendments to an early list of about 1,300 targeted goods: Link
A mysterious volatility trader known only as “50 Cent” appears to have returned to the market this week, making large....More>>>
An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. – Warren Buffett
Syndax Pharmaceuticals (NASDAQ:SNDX) is one of the new companies that we featured within the previous month. Interestingly, the firm recently reported the data for the ENCORE 601 trial. This is a sneak peek preview prior to the data to be presented....More>>>
Hedge funds have never been so invested in the global oil rebound.
Their bets that Brent crude futures will climb reached a new high as growing tensions across the Middle East are putting almost half of the world’s supply at risk. The escalation of strife in the region sent the key crude benchmark to its highest in more than three years, while volatility surged.
Many investors believe the price of oil will go higher. According to Reuters:
Oil futures prices have soared past three-year highs, OPECs deal has cut millions of barrels of inventory worldwide and investors are betting in record numbers that prices could rocket past $80 and even hit $90 a barrel this year.
But physical markets for oil shipments tell a different story. Spot crude prices....More>>>
Shares of China Automotive Systems (NASDAQ:CAAS) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $8.00 for the company and are expecting that the company will post....More>>>
Officials in China’s gambling enclave of Macau have raised concerns about sexual misconduct allegations against casino mogul Steve Wynn.
The intervention adds to mounting pressure on Wynn and Wynn Macau (WYNMF), the business that generates most of the profit for his gambling empire. The Hong Kong-listed division of Wynn Resorts (WYNN) has lost more than $2 billion in stock market....More>>>
In our view, shares of Qualcomm (QCOM – $54.24) were unfairly battered by short-sighted folks, notes Jason Clark, value investor and contributing editor to The Prudent Speculator.
The stock plunged as much as 14% in one day in response to the news that Apple (AAPL) filed a lawsuit accusing the semiconductor manufacturing firm of monopolizing the market for mobile phone chips and withholding....More>>>
Mexico’s plan for retaliatory tariffs on U.S. products including some pork cuts is rattling the meat markets.
Shares of meat producers tumbled Thursday after Mexico’s announcement, and hog futures slumped. About 22 percent of U.S. pork is exported, and Mexico is the largest buyer by volume. The country has been a key importer of hams at a time of record U.S. production, and....More>>>
ZTE, one of China’s biggest tech companies, is asking the United States to suspend a ban that threatens to cripple its business.
ZTE (ZTCOF) said it has submitted a request for the US Commerce Department to put on hold an order forbidding American firms from selling parts and providing services to it.
The Chinese company, which sells smartphones and telecommunications equipment....More>>>