NEW YORK (Reuters) - Wall Street’s major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan McDermid/File Photo A day after Washington’s temporary easing of curbs against Huawei Technology Co Ltd provided respite to U.S. stocks, reports that the White House could impose restrictions on another Chinese technology company rattled U.S. stocks anew. Media reports on Wednesday said the Trump administration was considering sanctions on video surveillance firm Hikvision. Fears that tit-for-tat tariffs and other retaliatory actions by the United States and China will hamper global growth have kept investors on edge, putting the S&P 500 on track to post its first monthly decline since the December sell-off. “Business between the U.S. and China is not going to be what … [Read more...] about Renewed U.S.-China trade tensions push down Wall Street
Screwing wall street
By Lingling Wei WSJ Vivian Salama WSJ Michael C. Bender WSJ Bob Davis WSJ Sun., May 12, 2019 The U.S. and Chinese governments both sent signals ahead of their trade talks in Washington last week that a pact was so near they would discuss the logistics of a signing ceremony. In a matter of days, the dynamic shifted so markedly that the Chinese deliberated whether to even show up after President Trump ordered a last-minute increase in tariffs on Chinese imports because the U.S. viewed China as reneging on previous commitments. Inside the cloistered Zhongnanhai government compound in Beijing, President Xi Jinping and his close advisers discussed how to respond to the tariff increase, given the talks were just days away, according to Chinese officials with knowledge of the decision-making process. After huddling Tuesday to analyze a press conference given by the U.S.’s two top negotiators, Treasury Secretary Steven Mnuchin and U.S. Trade … [Read more...] about How the U.S.-China Trade Talks Hit a Wall
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Will Wall Street Lose Faith in the Fed? Advertisement Supported by ByConrad De Aenlle April 12, 2019 The Federal Reserve gave Wall Street just about everything it wanted, helping to make the first three months of 2019 a great time to be in stocks and bonds. Yet Fed policy may be partly responsible for problems in the markets, too, raising the prospect of a reversal later this year. For the quarter, the average domestic stock fund tracked by Morningstar gained 13.5 percent, led by specialists in technology, energy and consumer issues. Bond funds were up 3.8 percent, and international stocks rose 11.1 percent, with funds that focus on China and other emerging markets doing best. But some market strategists worry that the Fed has been trying too hard to please investors. “Central banks feel … [Read more...] about Will Wall Street Lose Faith in the Fed?
Apple has failed to crack the Indian smartphone market, languishing behind Chinese brands with less than a 2% share of the market. During a family visit to India, I noticed Apple doesn’t have much retail or advertising presence and that it mostly advertises the “cheaper” iPhone XR. The iPhone XR is still too expensive for most Indians, and iPhones overall cost more to buy in India than in other countries. CEO Tim Cook seems to be trying to replicate Apple’s Chinese strategy in India, which has a completely different economic landscape. Apple seems unwilling to offer a range of phones at different prices to appeal to a wider audience, and it’s lost the world’s second-biggest market as a result. Apple is going very wrong in India. In the UK, the iPhone has around 50% market share and Apple is a household name in the West. Not so in India, where Apple has a market share of less than 3%, beaten out by Chinese brands few in the UK have heard … [Read more...] about A short trip to India showed me just how badly Apple is screwing up in the world’s biggest democracy
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Philip Bump The Washington Post January 10, 2019 Back in April 2015 — an era so distant in American history that it barely shimmers in and out of view, cloaked in the haze of everything that’s happened since — Donald John Trump promised the United States that he would build a wall on the border with Mexico and that Mexico would cover the cost.It was at an event in New Hampshire covered by Paul Steinhauser of NH1 News, targeting the state which, as it turns out, would provide Trump with his first victory in electoral politics. But at the time — despite Steinhauser’s accurate assessment that it wasn’t — it seemed like a joke. The TV guy was going to build a wall for free, huh? Okay. Good luck.The point, though, is that Trump’s insistence that Mexico would pay for the wall is, in fact, older than his campaign itself. … [Read more...] about Trump claims he never said Mexico would cut a check for the wall. Let’s go to the tape