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Trump’s China Tariff Hikes Could Smother US Economic Growth: Fitch Ratings Sounds Alarm

By Piero Cingari
May 9, 4:10 PM
Fitch Ratings warns of economic fallout from Trump's proposed trade tariffs if he wins 2020 election. US GDP could decline by 0.4-1.1%, and inflation may decrease in long term. US trading partners could see even greater declines, with China, Canada, and Mexico at risk. Trade imbalance blamed on savings and investment disparity, not tariffs.

GXC

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Stocks Falter As Fed Signals Need For Higher-For-Longer Rates; Uber Crashes, Energy Sector Loses Ground: What’s Driving Wednesday’s Market?

By Piero Cingari
May 8, 1:26 PM
Wednesday witnessed a tempering of the bullish sentiment that had buoyed Wall Street in recent sessions, with major indices showing slight declines around midday trading in New York.

ABNB

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Stocks On Track For Third Green Session, Palantir Ignites Rally In Chipmakers, Commodities Rebound: What’s Driving Markets Monday?

By Piero Cingari
May 6, 1:33 PM
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance

ADTN

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Stocks Rally As Jobs Report Rekindles Rate Cut Hopes, Apple Rockets, Bitcoin Soars Above $61,000: What’s Driving Markets Friday?

By Piero Cingari
May 3, 1:51 PM
A weaker-than-expected jobs report sparked a widespread market rally in the last session of the week, as traders increased expectations on potential interest rate cuts later this year.

AMGN