By CCN: Morgan Stanley’s chief economist expects a global recession in three quarters if the trade war escalates, CNBC reported Sunday. In May Donald Trump hiked tariffs on Chinese imports from 10% to 25%. The move sent equities into a tailspin, wiping out $1 trillion from global stock markets on the next day of trading. …
By CCN: US stock markets might be closed for Memorial Day, but that hasn’t stopped futures traders pumping the markets. Dow Jones Industrial Average futures rose on Monday as President Trump teased a wide-ranging trade deal with Japan as soon as August. The Japanese Nikkei index also jumped in the Asian session as traders welcomed …
By CCN: Trying to recapture his former “Late Show” fame, David Letterman now serves as the interviewer and host of a Netflix program entitled “My Next Guest Needs No Introduction,” currently in its second season. Marking off the first interview of that season is controversial and outspoken musician Kanye West, who is widely known for his …
By CCN: The US stock market teeters at its third-most expensive valuation in history, just a hair shy of ballooning past Black Tuesday and the 1929 stock market. That’s based on the Shiller P/E ratio, which is derived from average inflation-adjusted earnings from the previous ten years. The stock market is approaching historically-expensive territory. | Source: …
By CCN: The Dow and broader U.S. stock market frantically searched for a silver lining Thursday after China threatened harsh retaliation in response to a sizable tariff increase by the White House that could be implemented in the next 24 hours. Dow, S&P 500 Extend Brutal Slide All of Wall Street’s major indexes declined sharply …
By CCN: The Dow and broader U.S. stock market plunged anew on Tuesday, as President Trump’s latest tariff gambit triggered an extreme bout of volatility for Wall Street. Dow, S&P 500 Race Into Meltdown Mode All of Wall Street’s major indexes reported massive declines on Tuesday, mirroring a volatile pre-market for Dow futures. The Dow …
By CCN.com: The Trump train just kicked into higher gear on its charge towards the 2020 elections, after Pete Buttigieg’s sister-in-law condemned the presidential hopeful as immature and inexperienced. Buttigieg’s sister-in-law extremely concerned over maturity level The sister of Chasten Glezman – Pete Buttigieg’s husband – appeared on the Facebook page of the anti-dem #WalkAway …
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