Three major Chinese telecom companies will be removed from the U.S. stock market after President Donald Trump banned investing in companies that aid China’s military.
On Jan. 11, China Mobile, China Telecom and China Unicom will be removed from the New York Stock Exchange, CNN reported. The telecom companies are all major state-owned firms that the U.S. suspects are tied to the Chinese military. Read More
Stocks climbed broadly higher on Wall Street Monday, as the market clawed back more than a third of its losses from last week.
The S&P 500 was up 1% in afternoon trading after a much healthier-than-expected report on the housing market shook the market from its wobbly start. European stocks had similar fluctuations before pushing higher. Treasury yields were mixed. Oil prices rose. Read More
Wall Street’s rally is spilling into a new week as most stocks continue to ride the high supplied by Friday’s surprisingly encouraging report on the U.S. jobs market.
The S&P 500 was up 0.5% in midday trading on Monday, bringing it back within 5.3% of its record set in February, as optimism strengthens that the worst of the coronavirus-induced recession may have already passed. Stocks that would benefit most from an economy that’s growing again were rising the most, but pullbacks for a handful of big tech stalwarts were keeping the market’s overall gains in check. Read More
WASHINGTON – The Trump administration is reportedly considering delisting Chinese companies from American stock exchanges as a way to limit U.S. investment in China. Read More
by Peter C. Earle As the financial news networks have reported, the yield curve on government securities has inverted. When the yield curve inverts, which is to say when short maturity bonds yield higher than longer maturity bonds, there is a general view that a recession in the next… Read More
by Robert Romano Government-created monopolies are not a new thing, and indeed there are times when Congress has determined that having a government charter for an authoritative, monopoly function can serve a valuable public need. Sometimes these are agencies. The Federal Reserve is tasked by Congress to control the money… Read More