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  • Currency Chaos Ensues as the Trade War Escalates

    Currency markets reacted wildly after Federal Reserve Chairman Jerome Powell calmed investors just before U.S.-China trade tensions reached another heightened plateau. Friday's currency moves again demonstrate that tariffs--the primary weapon in this modern war--are a blunt, somewhat ineffective, instrument. Maybe market participants should have been ready for volatility because Friday started out chaotically.

  • *WTI oil futures lose more than 1% for the week

    (END) Dow Jones Newswires 08-23-19 1441 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • Dow drops over 500 points after Trump says U.S. companies must look for 'alternative to China'

    By William Watts and Chris Matthews, MarketWatch. Fed's Powell leaves door open to rate cut, but gets blasted by Trump as' enemy'. Stocks tumbled Friday as the U.S.-China trade war took a sharper turn, with President Donald Trump saying he's ordering American companies to start looking for "an alternative to China," while readying additional measures after Beijing imposed retaliatory tariffs on imports of U.S. goods.

  • Gold futures post a gain for a 4th week in a row

    Gold futures rallied Friday, with China's plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings and days when we receive a barrage of tweets from President Trump and headlines concerning global trade," said Matthew Miller, equity analyst at CFRA Research. "The news regarding China's trade retaliation and multiple tweets attacking the Federal Reserve are overshadowing" the Jackson...

  • Gold rallies back to highest finish since 2013 as U.S.-China trade fight sparks haven bid

    By Myra P. Saefong and Mark DeCambre, MarketWatch. The yellow metal trades nearly 7% higher month to date. Gold futures rallied on Friday after China announced a round of retaliatory tariffs against U.S. products, prompting the precious metal to move up for the week and post a fourth consecutive weekly climb.

  • Fed's Warning: We Can't Solve Everything

    Federal Reserve Chairman Jerome Powell probably wishes his job was as easy as not talking about the elephant in the room. Elephants, while large, aren't vocal critics of Fed policy. One could reasonably talk about the natural rate of unemployment while a staffer quietly handed the elephant peanuts.

  • This is exactly how much a payroll-tax cut would help the average American

    A simulation by the Urban-Brookings Tax Policy Center explored tax measures that could help mitigate the effects of a recession. Trump administration officials are reportedly looking into a payroll-tax cut as certain market indicators and economists signal a recession could be around the corner. The Obama administration reduced the payroll tax in 2011 and 2012, as part of its effort to stimulate recovery from the Great Recession, lowering the rate to 4.2% from 6.2%; that...

  • This bond-market strategy returned more than 30% this year in a sea of negative yields

    Momentum traders have piled into long-term government bonds even as prices rise to eye-watering levels. One group of fixed-income traders have capitalized on the rip-roaring rally in government bonds that has driven their yields below zero. So-called momentum traders that bet and ride on the continuation of price trends have thrived in part because they don't care as much about how the U.S. economy fares because of the U.S. trade war with China or what the Federal Reserve will...

  • *Gold futures mark highest finish since April 2013, climbs 0.9% for the week

    (END) Dow Jones Newswires 08-23-19 1334 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • HP stock falls on analyst downgrade following CEO departure, weak outlook

    As ratings games go, this one is pretty much X-rated. There's no other way to sugarcoat Wall Street's reaction after HP Inc. (HPQ) announced a trifecta of jolting news during its third-quarter earnings statement Thursday: It named a new CEO, reported a significant slide in printer supply sales, and offered tepid guidance for its current quarter amid economic uncertainty. HP shares were down 7% to $17.59 on Friday, which would be its lowest closing price since July 7, 2017, when it closed...

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