|Day's Range||15.28 - 15.80|
It's time to get technical at the YFi Interactive touch screen. Joining Yahoo Finance's Jen Rogers is Jared Blikre to break down the recent surge in gold and cryptocurrencies, including bitcoin, litecoin and ethereum.
As my colleague Jitendra Parashar wrote recently, the S&P 500 opened higher today after Treasury Secretary Steven Mnuchin indicated that a deal is 90% done.
The US Department of Commerce will extend its trade ban to five supercomputing companies that buy chips from US companies, such as Advanced Micro Devices, Intel, and NVIDIA, starting on June 24.
Last year, when the Federal Reserve was raising rates even as financial markets signaled that rate cuts would jeopardize economic activity, President Donald Trump tweeted in December that the Fed didn't “have a feel for the Market.”
In March 2018, US President Donald Trump tweeted, “Trade wars are good, and easy to win.” The basic premise behind this assumption is the massive trade deficit that the US runs with almost every major trading partner.
U.S. and Chinese officials were close to finalizing a trade agreement in recent months, but China knows what "we have to have" included in negotiations to end talks, Trump told Fox Business reporte Maria Bartiromo. Until a trade deal is reached, the U.S. government collects a 25% tariff on $250 billions of imports, Trump said.
The G20 Summit is scheduled for June 28–29 and will be held in Osaka, Japan. While the summit always attracts attention, it will be closely watched this year in particular due to the meeting between US President Donald Trump and Chinese President Xi Jinping.
During the recent market swoon in May, the iShares Edge MSCI Min Vol USA ETF held its gains, while the S&P 500 fell.
On June 25, the soft economic data isn't an isolated case. We have been getting a flurry of dismal data points. The US economy added only 75,000 non-farm jobs in May.
On June 24, CNBC reported that UBS believes that the global economy could be headed for a recession if the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping in Japan fails to make any headway.
Today, Bloomberg reported that India is planning incentives such as a tax holiday and lower tax rates for companies moving out of China while the US and China are embroiled in their bitter trade war. But emulating China’s manufacturing prowess and ecosystem might not be easy.
On June 24, US crude oil prices rose 0.8% and settled at $57.9 per barrel. In the trailing week, US crude oil prices rose 11%. On June 17–24, the S&P; 500 Index (SPY) rose 1.9%.
Markets are expecting the Federal Reserve to cut rates this year after gradual increases since 2015. While broader markets rose after the Fed took a dovish approach in last week’s meeting, does the central bank have the pill to address a slowdown?
Corporate zombies, that is. Kept alive by easy-money policies, companies that should have gone out of business keep staggering around.
U.S. markets and stock ETFs were slipping mid-Monday as traders waited on a closely monitored meeting between the U.S. and China at the G20 summit later this week. On Monday, the Invesco QQQ Trust (QQQ) was up 0.1%, SPDR Dow Jones Industrial Average ETF (DIA) was flat and SPDR S&P 500 ETF (SPY) was 0.1% lower. While optimism over renewed trade talks between the two largest economies at the G20 summit and hopes the Federal Reserve would cut interest rates to counteract the negative impact of a trade war on growth helped lift U.S. markets to record highs last week, investors took a more wait a see approach on Monday, with markets meandering within range.
Last week, the US Federal Reserve in its press release indicated that it's amenable to easing if the situation so warrants. The S&P 500 (SPY), which had already been on an uptrend this month, rose to a record high. But would a rate cut help revive the economy?
Trump has been quite vocal in asking the Fed for rate cuts. While the Fed kept the interest rates unchanged on June 19, it has signaled easing ahead if the conditions so warrant. According to the CME FedWatch tool, traders are now pricing in a 100% chance of a rate cut in July.
Last week, the S&P 500 (SPY) rose to a record high. Last week, Trump tweeted, “Since Election Day 2016, Stocks up almost 50%, Stocks gained 9.2 Trillion Dollars in value, and more than 5,000,000 new jobs added to the Economy.”
Last week was quite remarkable for US markets, as the S&P 500 (SPY) reached record highs. There were some key developments last week that helped make the feat possible. Donald Trump tweeted after a telephone conversation with Chinese President Xi Jinping that the two leaders would be meeting at the G20 Summit.
Warren Buffett’s performance versus the S&P 500 (SPY) is incredible if we look at their aggregate performances over the last five decades. However, the legendary investor has been underperforming the S&P 500 by a wide margin this year.
US President Donald Trump is reportedly considering imposing a requirement that 5G equipment used in the United States must be manufactured outside China. Just last month, Trump barred Huawei from doing business with US companies without prior approval.
Last week, US crude oil August futures rose 8.8%—the highest weekly gain for active US crude oil futures since December 2, 2016. US crude oil August futures closed at $57.43 per barrel on June 21.
Initial jobless claims fell 6,000 to 216,000 for the week ended June 15, which was below the 220,000 claims that economists had expected. This weekly decrease showed that the labor market still appears healthy overall.