Trump’s ‘Talk of the World’ American Steel Industry in a Major Slump; U.S. Steel (X) Plunges 12% – CCN.com

On the campaign trail, President Donald Trump pledged to revive the U.S. steel industry. At different times last year and this year, Trump has claimed that he had managed to do just that through the imposition of tariffs on steel imports. The reality, however, is now beginning to look different with various U.S. steel companies, …

Recession No More? Bond-Market Selloff Pushes Treasury Yields to Six-Week High – CCN.com

U.S. bond markets extended their slide on Friday, as investors continued to reevaluate the recession risk. | Image: AFP PHOTO / Stan HONDA U.S. government debt yields continued to rise on Friday, booking their biggest weekly gain in three years on better than expected data, China trade progress and looser monetary policy. Treasury Yields Extend …

Dow Claws Out of Vicious Slide as Beijing Rebukes Trump’s ‘Blackmail’

The Dow risked sliding for a fourth straight day after Beijing rebuked Trump for his unexpected – and market-pummeling – tariff threat. | Source: NICHOLAS KAMM / AFP The Dow’s multi-session nosedive risks extending into a fourth day on Friday after Beijing rebuked President Trump for his $300 billion tariff threat. Dow Scrambles to Avoid …

This Stock Market Lifeline Could Come from a Surprising Place: Australia

By CCN: The U.S. stock market struggled for much of the past month, sending the S&P 500, Dow Jones, and Nasdaq lower amid a rapidly-intensifying U.S.-China trade conflict. However, a growing number of equity strategists expect the Federal Reserve to slash its benchmark interest rate, and the impetus for that policy shift could come from …

Elizabeth Warren’s Bombastic Rhetoric Smacks of Grandstanding

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France’s Millionaire Tax Failed – So Will AOC’s Green New Deal

It seems like New York and Alexandria Ocasio-Cortez could learn a thing or two from Europe. The “millionaire tax” that both the state and its most controversial representative are proposing was first attempted in France back in 2012. Then, President Francois Hollande instilled a 75 percent “supertax” on all income exceeding $1.12 million. Two years …

Dow Plots 290 Point Rally Despite US Government Shutdown Standoff

The Dow Jones Industrial Average and other US stock market indices appear poised to snatch back a portion of yesterday’s massive losses, even as Congress and President Donald Trump continue to dig in their heels on the proposed border wall funding that has prevented the federal government from ending the partial government shutdown. Dow, Nasdaq, …

Dow Futures Crash 300 Points on Apple’s Mainland China Woes

US stock market futures are signaling deep cuts to open the second trading session of 2019, with contracts tracking the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all implying losses of more than 1.2 percent. Dow, Tech-Heavy Nasdaq Take Deep Cuts on Thursday As of 8:08 am ET, Dow futures had shed 301 …

Nasdaq Futures Plunges 1.75% on Weak Chinese Data; Bitcoin Surges

Nasdaq Futures kicked off on a bearish note this Wednesday as signs of weak economic data from China impacted the US markets. The index has fallen by 116.60 points, down 1.84% at 6,216.75 after closing 2018 on an annual loss of 4.72%, according to CNBC data. Futures for the Dow Jones Industrial Average are also …