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  • Trump threatens Vietnam, which has been benefiting from U.S. tariffs on China

    One of the critiques of the Trump administration's tariff policy on China is that while it raises the cost of doing business in one low-cost country, it just pushes multinationals to do business in another. Some evidence has emerged that companies have taken business elsewhere after the 25% tariffs imposed on $200 billion of Chinese goods. According to data from UBS, the first $50 billion of Chinese goods subject to the 25% tariff rate saw a 30% nosedise in exports, and the market...

  • Facebook CEO Zuckerberg says breaking up big tech 'wouldn't make any of these problems better'

    Facebook Inc. CEO Mark Zuckerberg says breaking up big tech won't solve key issues over data privacy and antitrust concerns, but regulation could. At the Aspen Ideas Festival on Wednesday, Zuckerberg repeated calls for regulation of social media and policing online content. He said a good start would be the Honest Ads Act, co-written by presidential candidate Sen.

  • S&P 500 logs longest losing skid in about 7 weeks

    By Chris Matthews, MarketWatch, Joy Wiltermuth. Micron boost tech shares after better-than expected guidance. Stocks closed mostly lower Wednesday, as investors grew increasingly skeptical that a U.S.-China trade deal is in the offing, though technology shares were supported by optimism related to Micron Technology's better-than expected guidance.

  • Kyle Bass says Wall Street investors should ignore G-20 and brace for a fresh round of Trump tariffs

    Exclusive: Bass says' I don't imagine anything getting done,' and tells investors to buy gold, real estate. Investors are laser-focused on this weekend's G-20 meeting in Japan, but famed hedge-fund manager Kyle Bass predicted that nothing of importance will be achieved there, and that investors should prepare for President Donald Trump to slap tariffs on every last dollar of Chinese imports. President Donald Trump and Chinese President Xi Jinping are expected to meet on the...

  • Nasdaq snaps 3-day skid as Micron's stock jumps but trade-hope rally falters in late trade

    The Nasdaq Composite Index registered a modest gain on Wednesday, buoyed by a Micron Technologies-led rebound in chip makers, but the broader market finished slightly lower to flat, as selling in real estate, utilities and consumer staples weighed. The Nasdaq finished up 25 points, or 0.3%, at 7,910, halting three straight days of losses as upbeat quarterly results by Micron helped to inspire a rally in the semiconductor sector. However, gains faded in the last two hours of trade as...

  • 10-year Treasury yield back above 2% on hopes for trade truce

    Treasury prices fell on Wednesday, pushing yields higher, after remarks from Treasury Secretary Steven Mnuchin raised optimism that some progress on a U.S.-China trade deal was being made, lowering demand for safe haven government paper. The 10- year Treasury note yield rose 5.5 basis points to 2.049%, while the 2- year note yield climbed 4 basis points to 1.777%. The 30- year bond yield was up 3.8 basis points to 2.565%.

  • America's housing market is competitive, unequal, and often just getting by. Just like us.

    The housing market of 2018 shows a sharper divide of haves and have-nots, according to an influential research group. The American housing market mirrors our society, the decisions we make, and the problems they leave us with, according to a report out Tuesday. Inequality is widening as competition remains fierce for scant resources.

  • U.S. oil futures extend climb as U.S. weekly crude supplies drop by nearly 13 million barrels

    The Energy Information Administration on Wednesday reported that U.S. crude supplies dropped by 12.8 million barrels for the week ended June 21. Analysts polled by S&P Global Platts expected a decline of 2.8 million barrels in crude stocks, on average. The American Petroleum Institute on Tuesday reported a 7.5 million-barrel fall, according to sources. The EIA data also showed that gasoline inventories were down by 1 million barrels, while distillate stockpiles fell 2.4...

  • Gasoline, WTI oil futures settle at 5-week highs

    Gasoline futures climbed 5% Wednesday, as news that Philadelphia Energy Solutions refinery plans to close permanently raised concerns over tighter supplies of the fuel on the East Coast. Oil prices, meanwhile, climbed on the back of a nearly 13 million-barrel weekly drop in U.S. crude supplies. July gasoline added 9.3 cents, or 5%, to settle at $1.970 a gallon.

  • U.S. oil, gasoline futures post highest settlements in 5 weeks

    By Myra P. Saefong and Barbara Kollmeyer, MarketWatch. Weekly U.S. crude supplies drop nearly 13 mln bbls; key East Coast refinery plans to permanently close. U.S. oil prices climbed by nearly 3% on Wednesday, as the U.S. government reported a weekly drop of nearly 13 million barrels in domestic crude stocks.

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