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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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Survey Says: Trade-War Fallout For Supply Chain Still In Early Innings
Friday, December 6, 2019 - 8:44am | 676A new survey by Resilience360 confirms the trade war's far-reaching effects on global supply chains, and more importantly, highlights a "wait-and-see" approach among shippers. If the trade war were a baseball game, it would still be the very early innings for supply chain overhauls — which makes...
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World Bank To Lend Over $1B To China Despite US Objections
Friday, December 6, 2019 - 3:23am | 369The World Bank’s board has agreed to grant China a low-interest annual loan of between $1 and $1.5 billion through June 2025, according to CNBC. What Happened The World Bank said on Thursday that its board members have “expressed broad support” to aid China with up to $1.5...
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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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Huawei Appeals Against FCC Ban
Wednesday, December 4, 2019 - 10:34pm | 314Huawei Technologies Co. Ltd. has filed an appeal against the U.S. Federal Communications Commission’s decision to bar rural carriers benefiting from its Universal Service Fund to use Huawei equipment. What Happened The Chinese telecom giant filed a “petition for review” in the U.S...
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Ocean Shipping In Crossfire Again As Trade War Reignites
Wednesday, December 4, 2019 - 9:08am | 1871Hope for a cease-fire in America's multi-front trade war has dimmed after a barrage of hawkish new U.S. statements toward China, France, Brazil and Argentina. For ocean shipping, fallout suffered in 2019 now appears likely to extend well in 2020 — not just in terms of lost demand, but also, lost...
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Futures Look Positive As Report Says US-China Trade Deal Coming Soon
Wednesday, December 4, 2019 - 6:07am | 195The U.S. futures market rose early Wednesday morning over the news that the phase one of the trade deal between the U.S. and China could be coming soon. What's The Deal? Sources close to the White House told Bloomberg that the trade deal could come before the December 15 deadline...
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Markets In Asia Down Over Trump's Comments And House Bill
Wednesday, December 4, 2019 - 1:26am | 385Markets in Asia were down on Wednesday over a series of events suggesting that the U.S.-China relations could worsen further. What Happened President Donald Trump said on Tuesday that the “phase one” of the trade deal between the U.S. and China may not come until the presidential...
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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...
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Tuesday's Market Minute: Looking Back To Last Year
Tuesday, December 3, 2019 - 9:16am | 287A year ago, the stock market began a sharp slide that sparked recession fears and cast a gloomy outlook on 2019. However, the S&P 500 began its upswing right before the New Year, and has not only made new highs, but broke 3,000 and continues to climb. However, few things have changed: the Trade...
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Wall Street Looks To Take A Breather As Optimism Wanes After Hong Kong Legislation
Friday, November 29, 2019 - 10:10am | 1557Investors and traders return to the market in a shortened equities trading session today that doesn’t feature any major economic data reports. So the last trading session of the month could shape up to be a quiet one. This morning, it’s looking like stocks could open lower amid concerns...
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Markets In US And Asia Tank As China Condemns US For Supporting Hong Kong
Thursday, November 28, 2019 - 1:59am | 606The markets in China, Hong Kong, South Korea, and Singapore performed poorly on Thursday morning as China expressed displeasure over the U.S. passing the Hong Kong Human Rights and Democracy Act. The futures markets in the U.S. were also down after President Trump signed the bill into law...
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Trump, China Comments On Trade Continue To Be A Tailwind For Market
Wednesday, November 27, 2019 - 9:58am | 1493It’s the day before Thanksgiving, so unlike many of us after stuffing ourselves on turkey and dressing, trading today could be thin. By noon the most exciting thing among market participants might be the race to the airport. Light volumes can exacerbate moves in either direction, but for now...
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Analyst: The US-China Trade War Is "Sucking The Life" Out Of Trans-Pacific Trade
Wednesday, November 27, 2019 - 9:02am | 1157The U.S.-China trade war is prompting manufacturers to leave China for lower-tariff climes, not least in southeast Asia. However, in its latest container shipping analysis, Drewry argues that there are limits to how much production can be relocated, and that moving factories is neither easy nor...