Dow Jones Futures Tumble: China Trade War Trumps Stock Market Rally, Fed Rate Cuts

Dow Jones futures fell sharply Sunday, along with S&P 500 futures and Nasdaq futures, as the China trade war escalates, following Friday's big stock market declines. After hiking China tariff rates Friday, President Donald Trump said Sunday his trade war regret was not raising tariffs higher. Apple, perhaps the ultimate China trade war stock, will be in focus.

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  Larry Kudlow on health of US economy, possibility of new tax cuts

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  U.S. Stock Futures Tumble, Yen Gains on Trade War: Markets Wrap

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Trade war intensifies – What to know in the week ahead

This announcement came after China earlier in the day Friday announced it planned to impose new tariffs on $75 billion worth of U.S. imports – a move that itself had been a response to the Trump administration's previously announced tariffs set to take effect in September and December. This illustrates the speed at which the trade war is now escalating and there is no way of knowing where it will end,” Paul Ashworth, chief U.S. economist for Capital Economics, said in a note. It is fears about where the trade war is going that will now weigh even more heavily on financial markets and business investment in the coming months – and that is where the real damage to the US economy will be done.

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  President Trump announces the US has reached a new trade deal with Japan

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  Kudlow does not expect China to retaliate against latest U.S. tariffs

  Reuters

Germany in Uproar as Negative Rates Threaten Saving Obsession

Most Germans live by the credo that saving is a virtue, but the European Central Bank's negative interest rates risk making a mockery of the national obsession, prompting politicians to seek ways to insulate thrifty citizens and keep the burden on the country's beleaguered banks. Finance Minister Olaf Scholz says he'll look into whether it's possible to prevent German banks from charging most retail-banking clients for deposits, after such a measure was proposed by the leader of Bavaria. Lenders have rejected the idea, saying bans don't ultimately help clients and could even destabilize financial markets.

5 ‘Strong Buy’ Stocks Hedge Funds Love Right Now

And from this data it has compiled a list of hedge funds' most popular stocks right now i.e. stocks with the most hedge fund dollars invested. In our experience, crowded names among active managers, including hedge funds, are usually crowded for a reason (good fundamentals). Most of our baskets of crowded names have outperformed since we started tracking the data at the end of 2010, and our stats can be used to make the case for hedge fund management” comments the firm.

Fund Manager Who Beat 98% of Peers Says Stay Calm and Buy Stocks

Joanna Kwok, who co-manages the JPMorgan Asia Growth Fund, says volatility will linger in Asia markets due to trade war uncertainty and corporate earnings concerns. “You just need to be continuously disciplined,” said Kwok, whose fund tracking the MSCI Asia excluding Japan Index has returned 11% year-to-date.

10 retirement lessons from a retired retirement pro

For the better part of 40 years, I spent a great deal of time helping thousands of workers prepare for retirement. We ran seminars for workers and spouses on topics like retirement income, insurance, lifestyle, relocation and more. I think it's fair to say that, if someone took advantage of the programs offered, they would have been well prepared financially and emotionally for retirement.

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S&P 500 Futures Slide as Traders Struggle to Price In Trade War

September contracts on the S&P 500 fell 1.2% as of 6:53 p.m. in New York, while futures on the Nasdaq 100 dropped 1.5%. Stocks plunged Friday after Trump warned of an unspecified response to China's plan to slap new tariffs on $75 billion of U.S. goods. “This is sort of the norm, in terms of what's going on, a lot of the market activity has been geopolitically driven and the president escalating the trade war,” David Katz, chief investment officer at Matrix Asset Advisors in Westchester, New York.

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  Trump's Tariffs Will Make These Ordinary Things More Expensive

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  Asia shares shaken, yen jumps on China-U.S. trade jitters

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25 dividend stocks selected for value by an outperforming money manager

Buckingham did a special screen of stocks held within Prudent Speculator portfolios to narrow the group to 25 that meet additional criteria, as listed below. He also provided three- to five-year price targets for the group. That is in contrast to the 12-month targets and ratings used by most Wall Street analysts.

How one millennial managed to save almost $1 million in 10 years without ever earning a salary of more than $75,000

FIRE refers to the “financial independence, retire early” movement bubbling up in the younger generation these days as a pathway out of the grind — slash expenses, save a bundle and enjoy the freedom that approach ultimately allows. Using the name FluffayPenguin, one anonymous thirtysomething took to Reddit to illustrate his FIRE blueprint, which allowed him to graduate college in 2008 and build a small chunk of change all the way up to $930,000 in savings. Well, for starters, he lived at home half of that time, a choice many millennials are making as housing costs skyrocket.

US exports to lobster-loving China go off cliff amid tariffs

U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north. China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters — and many other food products — in July 2018 amid rising trade hostilities between the Chinese and the Trump administration. Meanwhile, business is booming in Canada, where cargo planes are coming to Halifax, Nova Scotia, and Moncton, New Brunswick, to handle a growing bump in exports.

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  UK PM Johnson to tell Trump to de-escalate trade tensions

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  Trump, Abe agree on principles of trade deal at G7

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This couple fought $25,000 in fraudulent credit-card charges after falling prey to identity theft — then things got even worse

Amy Wang and her husband spent hundreds of hours trying to straighten out their financial futures after falling prey to identity theft. Amy, a 50-year-old occupational therapist in Miami, says she and her husband, Michael Wang, started receiving credit-card denials and store credit cards in the mail in December of 2015. The shoppers had expensive taste, Amy said, opting for luxuries like diamond earrings, Gucci and Armani.

A Week In Los Angeles, CA, On A $42,000 Salary And A $900 Monthly Allowance

I wake up, take my anxiety medication, and start getting ready to make my 7 a.m. dance-conditioning class at the gym. I pre-packed my gym bag/set out my workout clothes last night, so getting ready is a breeze.

How Slavery Hurt the U.S. Economy

One school of thought argues that slavery in general, and cotton in particular, was the driving force behind the development of America's distinctive brand of capitalism. The reality is that cotton played a relatively small role in the long-term growth of the U.S. economy. The economics of slavery were probably detrimental to the rise of U.S. manufacturing and almost certainly toxic to the economy of the South.

U.S Mortgage Rates Resume the Decline as Economic Woes Build

Mortgage rates resumed their decline in the week ending 22nd August. 30-year fixed rates fell by 5 basis points to 3.55% following a hold at 3.6% in the week prior. The fall left 30-year rates at their lowest level since late 2016 according to figures released by Freddie Mac.

3 Major Casualties of China’s New Tariffs

On Friday, China announced new tariffs on $75 billion worth of imported American goods, and a resumption of the 5% tariff on automotive parts. President Trump responded in his customary fashion, by Tweet, saying in part, “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” He added that the trade situation represents an opportunity for the US. Markets reacted to China's and Trump's announcements by plunging.

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  President Trump boasted about the economy on his way to France

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  Oil Declines for a Fourth Day After Escalation in Trade War

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With recession fears rising, here's how to find stability when Wall Street has you on edge

Now, if you didn't choose how to invest the money, most of the time – nearly 68% of plans – your 401(k) automatically will be invested for you in target retirement date funds, according to the latest data from the Plan Sponsor Council of America. "Most people don't consider themselves to be sophisticated investors," said Katie Taylor, vice president of thought leadership at Fidelity in Boston. So, she said, the target date fund can fill that gap by offering a prepackaged mix of stocks, bonds and cash that takes on more risk when you are younger.

U.S. Stock Futures Tumble, Yen Gains on Trade War: Markets Wrap

S&P 500 contracts fell more than 1% after sliding Friday, when President Donald Trump announced additional levies on Chinese imports and called for American companies to pull out of Asia's largest economy after China said it would impose retaliatory tariffs on U.S. goods. Trump acknowledged having second thoughts on escalating the trade war, only for aides to clarify he meant he regretted not raising tariffs even more.

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  Trump Aides Say He Has Power to Force Companies From China

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  Larry Kudlow on health of US economy, possibility of new tax cuts

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3 Stocks to Buy Amid the AI Boom

Not to mention NUAN announced on August 23 that it will be releasing a new AI-based platform, the Computer-Assisted Physician Documentation (CAPD) solution, to help surgeons with documentation before and after operations. The AI component is critical to the efficiency and ease of use as it relates to workflow, helping to guide surgeons through the documentation process by providing the relevant, episodic, in-workflow guidance needed to capture the required level of specificity and relative completeness of the note leading to appropriate reimbursement in a complex specialty,” Senior Vice President Michael Clark said.

The U.S. stock market right now is riskier than you think

Will the stock market's real rate of return please stand up? Depending on your frame of reference, the U.S. stock market is either performing fantastically or dismally. For example, the dividend-adjusted S&P 500 (SPX)  has an annualized real (inflation-adjusted) return of 26.5% this year through Aug. 19 — including a full percentage point increase on Monday of this week.

Asia shares shaken, yen jumps on China-U.S. trade jitters

Wall Street nose-dived on Friday when President Donald Trump announced a 5% additional duty on $550 billion in targeted Chinese goods, hours after China unveiled retaliatory tariffs on $75 billion worth of U.S. products. At the G7 meeting in France over the weekend, Trump caused some confusion by indicating he may have had second thoughts on the tariffs. But the White House said on Sunday that Trump wished he had raised tariffs on Chinese goods even higher last week, even as he signaled he did not plan to follow through with a demand that U.S. firms find ways to close operations in China.

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  Trade Tensions Reach Dangerous Heights As Trump Retaliates Against China

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• Kudlow does not expect China to retaliate against latest U.S. tariffs

  Reuters

Bank of America’s CEO has one simple reason why he doesn’t see a recession looming

Bank of America Corp.'s CEO Brian Moynihan says he doesn't see a recession in the offing because the U.S. consumer remains healthy. The dispute, centered on import duties, has raised the chances that a recession could grip the domestic economy soon, elevating anxieties in financial markets. The U.S. 2-year Treasury note yield (BX:TMUBMUSD02Y) briefly traded above the 10-year Treasury note yield (BX:TMUBMUSD10Y) for the first time in over a decade (and it occurred briefly on Wednesday), a condition that has preceded the last seven recessions.

U.S. created 501,000 fewer jobs since 2018 than previously reported, new figures show

Turns out hiring wasn't nearly as strong in 2018 and early 2019 as the government initially reported — by about a half-million jobs. The economy had about 501,000 fewer jobs as of March 2019 than the Bureau of Labor Statistics initially calculated in its survey of business establishments. The newly revised figures indicate the economy didn't get a huge boost last year from President Trump's tax cuts and higher federal spending.