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Monthly Archives: March 2018

Markets are overreacting to ‘shock’ of tariffs

Richard Brian | Reuters Anthony Scaramucci, Founder and Co-Managing Partner at SkyBridge Capital, speaks during the opening remarks during the SALT conference in Las Vegas, Nevada, May 17, 2017. Markets are overreacting to the proposed steel and aluminum tariffs by President Donald Trump, according to former White House communications director …

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Tesla’s up 10% from the February lows, and it could bounce even higher

Trader Todd Gordon has set his sights on Tesla for a big bounce, particularly given how the stock has performed despite a volatile market. “There are a few stocks that have shown very good relative strength in that period of volatility,” Gordon said Tuesday on CNBC’s “Trading Nation.” “One of …

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3,700 Airbus jobs to be affected by slower production of A380, A400M

Carmen Jaspersen | AFP | Getty Images An Airbus A400M military aircraft with army personnel onboard takes off from the German army Bundeswehr airbase in Jagel, northern Germany. Airbus on Wednesday confirmed reduced production rates of its double-decker A380 and A400M military aircraft and said up to 3,700 jobs would …

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Trump has ‘a number of people’ to succeed Cohn: White House

Michael Sohn | AP White House chief economic adviser Gary Cohn, right, talks to President Donald Trump, left, prior to a working session at the G-20 summit in Hamburg, Germany, July 8, 2017. President Donald Trump can choose from a pool of people to succeed the White House’s top economic …

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Trump says White House asked China for plan to reduce US trade deficit with country by $1 billion

Patrik Stalloarz | AFP | Getty Images China’s President Xi Jinping (L) and US President Donald Trump attend a working session on the first day of the G20 summit in Hamburg, northern Germany, on July 7, 2017. President Donald Trump said Wednesday that he has asked China develop a plan …

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Stifel analyst downgrades surging Netflix stock due to its valuation

Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix Inc. One brave Wall Street analyst is getting less bullish on Netflix shares after their stunning rise this year. Stifel reduced its rating for Netflix to hold from buy, citing concerns over the company’s valuation. “We …

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GE among the stocks ‘most at risk’ to be hurt from Trump’s tariffs: Deutsche Bank

Shares of General Electric, already trading near an 8-year low, may take another hit as steel and aluminum prices rise as a result of President Donald Trump’s tariffs, according to Deutsche Bank. “We believe GE to be among the most at fundamental risk from rapidly rising steel and aluminum prices …

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EU Brexit trade plan rejects UK desire for access to the single market

Dan Kitwood | Getty Images British Prime Minister Theresa May arrives for the European Union leaders summit at the European Council on December 14, 2017 in Brussels. The EU’s customs union is a trade agreement that eliminates customs duties between EU member states. The single market is a deeper form …

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Broadcom pledges 5G investment if merger goes through

Martin H. Simon | Bloomberg | Getty Images Hock Tan, chief executive officer of Broadcom Broadcom is pledging to make the U.S. the “global leader” in 5G cellular with a $1.5 billion investment if the company’s proposed acquisition of Qualcomm is allowed by the U.S. government to go through, the …

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Revised Q4 2017 productivity flat, vs the initial estimate of a 0.1% drop

Sergio Flores | Bloomberg | Getty Images A worker installs glass to a window frame at the Pella Corp. manufacturing facility in Pella, Iowa. U.S. unit labor costs increased faster than initially thought in the fourth quarter amid weak worker productivity, but the trend pointed to a gradual increase in …

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