TOKYO — Global shares rose Thursday on optimism about a U.S.-China trade deal and the Chinese government's efforts to boost its economy. France's CAC 40 rose 1.4% to 6,058 on the new year's first day of trading, while Germany's DAX was 1% higher at 13,382. Britain's FTSE 100 added 1%...
How North America Trade Deal Dealt a Setback to Big Pharma
A revamped North American trade deal is nearing passage in Congress, giving both the White House and House Democrats cause to claim victory. There is relief, too, for farmers and businesses that wanted clearer rules governing the vast flow of goods among the United States, Canada and Mexico. But the...
Stocks Slump as Trump Says Trade Deal With China Can Wait
Stocks fell broadly Tuesday after President Donald Trump cast doubt over the potential for a trade deal with China this year and threatened to impose tariffs on French goods. The selling knocked the Dow Jones Industrial Average more than 350 points lower had the S&P 500 on track for its...
VP Pence Will Talk Trade Deal at Second July 10 Valley Event
Vice President Mike Pence will hold a second event during his Central Valley stop next Wednesday. According to a post on the America First Policies website, the nonprofit that promotes traditional conservative positions will host an event titled “USMCA: A Better Deal for American Workers.” It takes place at Doug...
Biden Attacks Trump on Trade as Both Come to Iowa
DES MOINES, Iowa — Democrat Joe Biden is assailing President Donald Trump on trade and broadly branding him as "existential threat to America" in a preview of what the country might expect if he prevails in his party's primary contest. The president, also coming to Iowa on Tuesday, was likely...
Is a Recession Coming? One Key Indicator Shouts Yes.
What happens when the interest rate for a 3-month Treasury bill is higher than the interest rate for a 10-year note? Many investors and economists sound the alarm about a coming recession. That's what happened Tuesday as the 3-month bill yield rose to 2.36% while the 10-year note yield dropped to...
China Promises Action on US Trade Deal but Gives No Details
BEIJING — China issued an upbeat but vague promise Wednesday to carry out a tariff cease-fire with Washington but gave no details that might dispel confusion about what Presidents Xi Jinping and Donald Trump agreed to in Argentina. China has yet to confirm Trump's claim that Beijing committed to cut...