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Large Option Traders Dumping Apple Puts Ahead Of Tariff Deadline
Tuesday, December 10, 2019 - 2:03pm | 771Apple, Inc. (NASDAQ: AAPL) has been one of the hottest stocks in the market in 2019, gaining 70.8% and reaching a $1.2 trillion market cap. On Tuesday, a flurry of large Apple option trades were more bullish that bearish, suggesting smart money is expecting Apple to continue to outperform heading...
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US Advances New Trade Agreement With Mexico And Canada
Tuesday, December 10, 2019 - 1:10pm | 865House Speaker Nancy Pelosi, D-Calif., said the replacement to the 25-year-old trade agreement between the U.S., Canada and Mexico is now ready to move forward to ratification. "There is no question, of course, that this trade agreement is much better than NAFTA. But in terms of our work here, it...
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Tuesday's Market Minute: USMCA Approved?
Tuesday, December 10, 2019 - 9:26am | 313The trade deal pushed to the side U.S./China trade war is now in the forefront on reports that House Democrats and the Trump administration are near an agreement on USMCA. Discussions on the deal have taken over a year now, and if it passes the House before the end of 2019, it would move on to be...
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3M's Stock Buzzing Despite The Harmful Trade War
Monday, December 9, 2019 - 11:49am | 809Industrial conglomerate which brought the world Post-It-Notes, 3M Inc (NYSE: MMM) is suffering due to consequences of the trade war between US and China. Besides scotch-tapes, the company also has a drug delivery business and makes pretty much everything, automotive adhesives and touchscreen...
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US Tariffs Exacerbate Global Trade War
Monday, December 9, 2019 - 11:26am | 69Image by Free-Photos from Pixabay
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Holiday Season Can Wait: Packed Calendar Includes Fed, Earnings, Tariff Deadline
Monday, December 9, 2019 - 9:38am | 2112A blowout jobs report is in the rearview mirror, while a Fed meeting and a major tariff deadline loom in the front windshield. It might be the holiday season, but there’s plenty to keep investors from sleeping at the wheel over the next few days. Stocks had a weaker tone heading into Monday...
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Markets In 'Goldilocks' Mode Amid Strong Job Gains, Steady Wage Gains
Friday, December 6, 2019 - 9:49am | 2416November turned into an employment bonanza, helped in part by the return of workers from a strike at General Motors Company (NYSE: GM). The economy busted out with 266,000 new jobs, the highest total for any month since January. If you add the Labor Department’s upward revisions of...
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Friday's Market Minute: Ecodata In Focus
Friday, December 6, 2019 - 9:11am | 331This morning it's all about Non-Farm Payrolls, U.S./China trade negotiations, and OPEC’s decision to increase production cuts. Let’s begin with the data scheduled for release this morning at 8:30AM ET, when the Commerce Department will release its monthly breakdown on the U.S. labor...
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Commentary: In US Vs. The World, Trade Flow Tells The Real Truth
Thursday, December 5, 2019 - 2:38pm | 646Editor's note: The views expressed in this editorial are those of Lori Ann LaRocco and not FreightWaves or American Shipper. In recent days, global trade tensions have escalated after a series of trade threats and tariffs raised by the Trump administration. But despite numerous declarations of "...
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US Solar Cell Tariffs Darken 62,000 American Jobs
Thursday, December 5, 2019 - 11:21am | 638Since the imposition of U.S. tariffs on crystalline silicon photovoltaic solar cell imports in 2018, 62,000 Americans have either lost their jobs or were never hired, according to a study released by the Solar Energy Industries Association (SEIA). The association said the job losses are attributed...
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Resilience Back In Picture: Solid Rebound From Early Week Slide Amid Trade Hopes
Thursday, December 5, 2019 - 9:48am | 2301Things are looking up. That little hitch in the markets last Friday and early this week appears to be behind us, setting the stage for more solid gains ahead of the opening bell today. The positive tone followed overnight advances in Europe and Asia, mostly on ideas that trade talks might be headed...
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Wednesday's Market Minute: Skating On Thin Ice
Wednesday, December 4, 2019 - 9:34am | 474One thing you learn early on as a markets reporter is to always be cautious about assigning causality to price moves in markets. And when you do, hedge. Even in the most ostensibly straightforward cause-and-effect events, there is always another explanation possible. Yesterday, stocks were jolted...
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Trump Says He Doesn't Watch The Stock Market — Here's Why That's A Lie
Tuesday, December 3, 2019 - 12:41pm | 687The Dow dropped 450 points on Tuesday and the SPDR S&P 500 ETF Trust (NYSE: SPY) was down 1.1% after President Donald Trump said he may choose to wait until after the 2020 election to strike a trade deal with China. At a NATO summit in London, Trump said Tuesday’s market drop is “...
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France's Digital Services Tax Sparks Call For Hefty US Import Tariffs
Tuesday, December 3, 2019 - 12:11pm | 649The Office of the U.S. Trade Representative (USTR) said France's digital services tax (DST) discriminates against U.S. companies and is inconsistent with the "prevailing principles" of international tax policy. President Trump reacted to the USTR investigation's findings on Dec. 2 by proposing 100...
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Market Pulls Back As Trade Worries Increase After Trump Comments
Tuesday, December 3, 2019 - 9:59am | 1108As the markets have been pricing in a partial trade deal possibly coming soon, they’ve helped send stocks to record highs. But that thesis is looking shakier this morning after President Trump suggested delaying signing such an economic pact until next year. In saying that he likes the idea...