Associated Press Major US indexes endured a volatile day of trading on Thursday as investors grappled with conflicting signals around the US-China trade war. China said the US had "seriously violated" the recent ceasefire between the two countries when it announced new tariffs would take effect in September. A representative from China’s foreign ministry also […]
Stocks plummet as yield-curve inversion triggers recession fears
Mario Tama/Getty Stocks plunged on Wednesday morning after the yield on 30-year Treasurys dropped to a new low and the spread between two- and 10-year Treasurys inverted for the first time since 2007. The inversion of the yield curve compounded concerns of an economic slowdown in the US, as the occurrence has preceded each of […]
The Dow surges more than 500 points after the US postpones China tariffs
Reuters / Lucas Jackson All three major US stock indexes rose on Monday after the Trump Administration said it would exempt some Chinese imports from tariffs scheduled to take effect in September. The US Trade Representative also said duties on other products, including cell phones, laptops, and some clothing items, would be postponed until December […]
Stocks slump as US-China trade tensions escalate yet again
AP/Saul Loeb Stocks fell on Friday as trade tensions resumed between China and the US after President Trump suggested he could cancel upcoming negotiations in September. While speaking to the press at the White House, Trump told reporters that he wasn’t ready to make a deal with China. The president also said the US would […]
Stocks erase weekly losses as China trade-war tensions simmer
Mario Tama / Getty Images All major US stock indexes rose more than 1.4% on Thursday as China set the yuan’s fixing price at a stronger level than analysts and investors expected, which allayed worries around a further trade-war escalation. China also said its exports grew 3.3% in July from the same month last year, […]
Stocks bounce back from their worst rout of the year after China stabilizes its currency
Reuters US stocks recovered on Tuesday from their worst day of 2019 after China’s central bank moved to stabilize its currency overnight. Major US indexes tanked on Monday after China retaliated against President Trump’s new tariffs by allowing the value of the yuan to slip below 7 yuan-per-US dollar, a key psychological level. China raised […]