U.S. President Donald Trump set out a strong message on trade at a meeting of Asia-Pacific countries in Vietnam on Friday, saying the United States could no longer tolerate chronic trade abuses and would insist on fair and equal trade policies. Continue Reading Below Trump said the United States was […]
FOX News
Most Asian shares track Wall Street losses on US tax fears
HONG KONG – Most Asian stock markets fell Friday after Wall Street fell from record highs on uncertainty over President Donald Trump’s tax revamp but news that Beijing will ease curbs on foreign access to some sectors buoyed Chinese shares. Continue Reading Below KEEPING SCORE: Japan’s benchmark Nikkei 225 index […]
China to ease curbs on foreign business in finance, autos
BEIJING – China will ease restrictions on foreign ownership stakes in the financial sector and reduce tariffs on automotive imports, a senior Chinese official said Friday, following criticism from the country’s trading partners. Continue Reading Below Vice Finance Minister Zhu Guangyao said at a briefing following a state visit to […]
The Latest: White House hails ‘important step’ on tax bill
WASHINGTON – The Latest on Republican tax overhaul legislation (all times local): Continue Reading Below 4:10 p.m. The White House is praising the House Ways and Means Committee for approving the Republican Party’s tax cut package. Press secretary Sarah Sanders calls Thursday’s party-line vote an “important step toward providing historic […]
7 Metrics Behind Roku Inc.’s Soaring Stock Price
It’s fair to say that expectations were high ahead of Roku‘s (NASDAQ: ROKU) first reporting period as a publicly traded company. Shares were trading at $19 in the trading day before it reported its third-quarter results — up 36% from Roku’s $14 price in its initial public offering. Analysts were […]
Highlights of House, Senate GOP plans to overhaul tax code
WASHINGTON – A comparison of a Republican-written tax bill approved Thursday by the House Ways and Means Committee and another being proposed by GOP members of the Senate Finance Committee: Continue Reading Below —Personal income tax rates: House condenses current seven brackets to four: 12, 25, 35 and 39.6 percent. […]
Amazon’s Next Big Target: The Telecom Industry?
At the end of October Amazon (NASDAQ: AMZN) Web Services and Nokia (NYSE: NOK) announced a partnership that flew under the radar for a lot of investors but could be very consequential for both companies’ future in both 5G and the Internet of Things. Continue Reading Below The partnership will marry […]
China, US sign more business deals during Trump visit
BEIJING – China have signed a series of multibillion-dollar business agreements during President Donald Trump’s visit in a tradition aimed at blunting criticism of Beijing’s trade policies. Continue Reading Below Commerce Minister Zhong Shan said agreements signed Thursday at a ceremony attended by Trump and his Chinese counterpart, Xi Jinping, […]
NVIDIA Corp. Smashes Another Quarter
Semiconductor designer NVIDIA (NASDAQ: NVDA) reported earnings Thursday night, covering the third quarter of fiscal year 2018. The veteran provider of graphics processors and high-performance number-crunching chips saw sales and earnings skyrocket, thanks to large order volumes from the data-center and gaming markets. Continue Reading Below Here’s a closer look […]
Why Are Bank Stocks in Retreat?
If you’re an investor in bank stocks, you’d be excused for wondering why they’ve been in retreat, with the KBW Bank Index closing down the past five days in a row. What’s behind the decline? It’s impossible to say for sure, but you’d be excused for thinking that the growing […]