China’s currency slid to a fresh six-month low against the dollar Wednesday, sparking speculation China could use a weakened yuan as a weapon if tensions with the U.S. turn into an out-and-out trade war. The idea is that China could let the yuan fall, making Chinese goods cheaper on the …
Read More »Fear of trade wars turned small caps into the latest safety play
Small cap stocks have been racing ahead of large caps since February, and should continue to outperform despite their relatively high prices. Despite this week’s selloff, analysts still see plenty of upside for small caps simply because they are less exposed than larger companies to overseas markets, where U.S. companies …
Read More »Oil and gas drilling stocks are having their best quarter since 2011 as crude prices surge
An index that tracks oil and gas stocks is on pace for its best quarter since the final three months of 2011 as U.S. crude hit 3½-year highs on Wednesday. The SPDR S&P Oil and Gas Exploration and Production fund, better known as the XOP, is up more than 22 …
Read More »US oil exports boom to record level, surpassing most OPEC nations
Eddie Seal | Bloomberg | Getty Images The Eagle Ford crude oil tanker sails out of the the NuStar Energy dock at the Port of Corpus Christi in Corpus Christi, Texas, U.S., on Thursday, Jan. 7, 2016. U.S. oil exports reached a record 3 million barrels a day last week— …
Read More »A China Internet ETF You Should Know
Mainland-listed stocks in particular, known as A-shares, are at multi-month lows and still struggling to find a bottom. Some of the largest China ETFs are in the red — especially those invested in mainland stocks — or are barely in the black this year: iShares China Large-Cap ETF (FXI): $4.2 …
Read More »Defending champion Germany eliminated from World Cup
TF-Images | Getty Images Joshua Kimmich and Jonas Hector of Germany look dejected after the 2018 FIFA World Cup Russia match between Korea and Germany at Kazan Arena on June 27, 2018 in Kazan, Russia. Germany is out of the World Cup, the fourth defending champion in the last five …
Read More »BOE financial stability report attacks EU position on £29 trillion of derivatives
Stefan Wermuth | Reuters Bank of England governor Mark Carney leaves Number 10 Downing Street in central London, Britain October 31, 2016. The Bank of England (BOE) has attacked the European Union (EU) for risking the possibility that £29 trillion ($38 trillion) worth of derivatives could becoming untradeable after March …
Read More »GE, Pratt & Whitney, Rolls-Royce told to bid for new plane
Andrew Harrer | Bloomberg | Getty Images Dennis Muilenburg, chairman and CEO of Boeing. The company says 1 out of every 4 jetliners rolling off its assembly lines is being bought up by Chinese customers. A major step towards the launch of a Boeing 797 has been taken after different …
Read More »German coalition collapse threat after talks fail to solve migrant row
Aurore Belot | AFP | Getty Images German Chancellor Angela Merkel gives a press conference at the end of EU Eastern Partnership summit at the European Council in Brussels on Nov. 24, 2017. The threat of collapse still loomed over Germany’s three-month old coalition government on Wednesday after crisis talks …
Read More »Europe’s divisions over migration likely to be exposed as leaders meet
ANDREAS SOLARO | AFP | Getty Images Migrants and refugees are transferred from the Topaz Responder ship run by Maltese NGO ‘Moas’ and the Italian Red Cross to the Spanish war ship Navarra, after being rescued off the coast of Libya on November 5, 2016. How Europe should prevent migrants …
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