Peter Morici, University of Maryland business professor and former director of economics for the U.S. International Trade Commission, appeared on Monday’s Breitbart News Daily to discuss his weekend column for the New York Post, “Trump Can Get Us the China Deal We Deserve.”
So much for the “panic” that was supposed to engulf the stock market after Donald Trump’s surprising victory in the 2016 presidential race. On Wednesday, just a few hours after Hillary Clinton finally offered her public concession, the Dow Jones Industrial Average closed with an all-time high.
Major U.S. stock indexes moved higher in afternoon trading Wednesday as Wall Street sized up the implications of Donald Trump’s stunning presidential election victory.
The stock market suffered its seventh consecutive daily loss on November 2, just one day less than the eight-day consecutive loss that launched the Financial Crisis in October 2008.
The stock market took a dive after the F.B.I announced that they would reopen the investigation into Hillary Clinton’s email server. The Dow Jones industrial average fell more than 30 points after the announcement. The S&P 500 plunged after the
Twitter shares have dropped by 9% after the release of its quarterly results, which have seen the company’s revenue fall well below its expected targets.
After shaking down Apple Inc. to buy back a huge amount of shares over the last three years, activist investor Carl Icahn pocketed over $2 billion and sold his entire stock holdings.
More than 1,000,000 people — plus their families — have signed the boycott pledge against Target, following the secretive decision by executives to open all of their stores’ bathrooms and changing rooms to people of both sexes.
Gary Kaltbaum, president of Kaltbaum Capital Management and a Fox News contributor, appeared on Breitbart News Saturday to discuss the state of the economy. He advised against buying into the media spin that recent economic news has been good for the Obama legacy.
A February 5th Reuters report shows that staunch gun control proponents President Obama and Sen. Dick Durbin (D-IL) both own stock in gun companies. Obama owns his stock through an Illinois pension plan which, in turn, “has about $5 million
California Governor Jerry Brown delivered his annual “State of the State” address to the legislature on Thursday, against the backdrop of a volatile stock market that could threaten the state budget surplus he achieved, and cause future fiscal uncertainty. Brown told legislators, “…you are not going to hear me talk today about new programs. Rather, I am going to focus on how we pay for the commitments we have already made.”
Twitter stock is down some 40 percent since Jack Dorsey became CEO, and the other company he runs, Square, isn’t doing too well either, prompting Forbes to drub Dorsey out of the billionaire’s club on Thursday.
Twitter is well on its way to becoming a little deal.
On Tuesday, European stock markets rose slightly early in the morning after a steep decline in China’s market Monday took global stocks spiraling after it. In early gains, Paris rose 0.36%, Frankfurt 0.31%, Milan 0.94% and London 0.71%, while the
In a year marked by a relentless Democratic push for more gun control, stocks of two of the most prominent gun makers—Smith & Wesson and Sturm, Ruger & Co—saw their value nearly double.
With wearable fitness devices the fastest-growing sector of consumer electronics, Fitbit, Inc. (FIT-NYSE) and Jawbone are engaged in a life-or-death marketplace and legal war.
Hewlett-Packard Inc. is officially spinning out its personal computer and printer operations into a free-standing company from its enterprise software systems and consulting business on Monday, creating two companies with market capitalizations of about $25 billion each.
A huge stock market rally kicked off when the U.S. Treasury was forced to pay out a net $32 billion last week after the Republican Congress failed to raise the legal debt ceiling on the U.S. government’s $18.113 trillion Ponzi debt scheme.
Credit Suisse claims that China’s middle class is now the biggest in the world, growing much faster than America’s, but the reason for this situation is less obvious than one would think.
In an interview with The Hill, Donald Trump warned of a stock market bubble on the verge of bursting, and slammed the Dodd-Frank financial regulations, which were roundly praised by the 2016 Democrats during their first primary debate on Tuesday night. Trump called Dodd-Frank “terrible” and said he would “absolutely” repeal it as President.
Chinese journalist Wang Xiaolu has been arrested and has “confessed” to causing the stock market to crash in what the nation is calling its “Black Monday” last week. State media outlet Xinhua reports that nearly 200 others were also arrested for “causing panic” by “spreading rumors” in publications or on social media.
One of the important lessons to take away from China’s stock market crash is a lesson nobody on Earth should need repeated: communists lie.
You might think, as many investors do, that a loss of confidence in Beijing caused the Chinese market rout, but Beijing thinks you’ll find the real culprits along the banks of the Potomac.
As China’s stock market meltdown continues to worry the world’s financial markets, media outlets everywhere are rife with the story. Everywhere, that is, but China itself, where the communist government there has placed a blackout on the financial story.
With the “one percent” paying more than 50 percent of state taxes, a sustained stock market crash would shrivel California’s “one-time” capital gains taxes and throw the Golden State back into a financial crisis.
The Chinese market crisis has been described as a loss of investor confidence prompted by Beijing’s search for innovative new ways to control China’s economy.
Investors hope the U.S. and European markets are stabilizing after Monday morning’s free fall, but China’s stock market dropped again on Tuesday. It looks as if the parachutes are finally popping, as the AP reports the Shanghai Composite rallied from a 6.4% drop on Tuesday morning to a 4.3% loss by midday. This follows an 8.5% plunge on Monday, the worst performance in eight years.
From Reuters: LONDON, Aug 25 (Reuters) – Britain’s top share index jumped on Tuesday, recovering some of the ground lost in the previous session when it hit multi-year lows on concerns about China’s economy. The blue-chip FTSE 100 was up 2.8
Republican presidential candidate and former Arkansas Governor Mike Huckabee declared “We now seem to be more interested in stabilizing Iran than we are America” on Monday’s “Your World with Neil Cavuto” on the Fox News Channel. Huckabee said that President
As much as global financial concerns are going to hit tech companies harder than other sorts of enterprise, so too will their own lack of ambition. The ugly truth is that Silicon Valley has largely given up trying to fix big problems and has retreated into photo-sharing apps and productivity tools.
One of the big problems with allowing an authoritarian communist/crony-capitalist regime to become a world financial leader is that they lie about everything. China’s long-concealed economic woes finally became impossible to hide, and we got a worldwide market panic that sent the
Monday on CNBC’s “Squawk Alley,” network CME floor reporter Rick Santelli offered his thoughts on the day’s dramatic sell-off in U.S. stocks, which is tied to fears about the fall of the Chinese economy. According to Santelli, there’s a disconnect
While on the campaign trail in Iowa, Louisiana Gov. Bobby Jindal’s office said the 2016 contender will tell voters that blame for stock market losses lies entirely with President Obama, whose economic policies will ultimately “crash” America’s economy.
As White House spokesperson Josh Earnest is blaming China and Chinese policies for the on-going market crash and selloff, GOP presidential candidate former Arkansas Gov. Mike Huckabee says strong economic policies aren’t built by empowering Washington, D.C. and Wall Street elites.
Republican presidential candidate Carly Fiorina declared the stock market “has been way too high” because of Federal Reserve policy and is now having a “correction” that is “warranted” on Monday’s “Fox & Friends” on the Fox News Channel. Fiorina commented
GOP presidential candidate Carly Fiorina weighed in on the market crash and what can be done to stop the sell off that’s occurring.
New Jersey Governor Chris Christie reacted to the news of the stock market crash on Wall Street earlier today on Fox News, blaming President Obama for racking up too much national debt. “What’s happened is, because this president has run up more debt than any president in American history, that debt has been given to us in large measure by the Chinese,” he said.
Monday on CNBC’s “Squawk Box,” Allianz Chief Economic Adviser Mohamed El-Erian warned that sticks have even further to go as markets begin a sell-off triggered by turmoil in the Chinese economy. El-Erian blamed central bank policies, which have inflated stock prices
The Dow Jones industrial average has plunged more than 530 points and is in a correction amid a global sell-off sparked by fears about China’s slowing economy. Oil tumbled below $40 per barrel for the first time since the financial crisis.
The Greek stock market was shut down five weeks ago, as the nation spiraled into an economic and political crisis, facing its final debt showdown with European creditors. The market just concluded its first day of trading since the shutdown, and the outlook is grim: the market lost 16.2 percent of its value on the first day back in business.
