Markets News 

UBS: Investors are underestimating how much worse Trump’s trade war might get — and how apocalyptic it could be for stocks

“The foundations of international trade are being raised and being questioned,” he added, saying that markets could fall as much as 15% on the back of the trade war” writes Will Martin for businessinsider.com. We see potential for European markets to de-rate c2x.Here’s the chart from UBS, showing just how big a fall could be expected: Non-direct impacts of the trade war on stocks would exacerbate the problems, the team added, with price-to-earnings ratios also hurt.”The market’s having a hard time digesting the whole change in globalization and trade,” Fink…

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IMF warns U.S. vulnerable in escalating trade fight

“The IMF left unchanged its global growth forecasts at 3.9 percent for both 2018 and 2019, compared to its previous forecast issued in April” writes Midwest Communications Inc for 95kqds.com. The euro zone’s 2018 growth forecast was cut to 2.2 percent from 2.4 percent, with Britain cut to 1.4 percent from 1.6 percent.The IMF, in an update to its World Economic Outlook growth forecasts, said that the United States, as the focus of retaliatory tariffs from trading partners, was especially vulnerable to a slowdown in its exports.”As the focus of…

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News Stocks 

Stock-market bull is still on its feet, snorting its way past 1 obstacle after another

“Seen through the rear-view mirror, the U.S. economy looks like a gleaming sedan that just got a car wash and wax job” reports marketwatch.com. Very few Americans have paid a price from escalating U.S. tariffs, but if trade fights get worse, the first big bill will come due shortly after the school year starts. Source: marketwatch.com Share This:

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Here’s when Americans will start feeling the pain from escalating Trump-imposed tariffs

“Consumers or businesses could more easily find substitutes for goods whose prices would rise due to higher U.S. tariffs” writes Jeffry Bartash for marketwatch.com. They’ll be paying higher prices well before the Christmas holiday season.More tariffs would raise prices even further.Come fall, though, and the price of many imported consumer goods in the crosshairs of the White House could begin to rise. Source: marketwatch.com Share This:

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News Stocks 

Nvidia, AMD lead chip stocks lower on fears about the escalating trade war with China

“Each company logs substantial annual revenue from China connected to its chip manufacturing business” writes unknown author for cnbc.com. Semiconductors may be the sector most affected by rising trade tensions between the U.S. and China.A Goldman Sachs list of the top 20 companies with the highest revenue exposure to China is dominated by technology chip suppliers that send products to manufacturers in China.Semiconductor stocks headed lower Wednesday after the White House released a new list of tariffs on $200 billion of Chinese goods on Tuesday evening, as President Donald Trump…

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Journalists struggle to keep online threats from escalating…

“People who have been the victims of online discussion of physical violence, doxing (publishing private information) and rape threats aren’t surprised the Capital Gazette attack started with online harassment” writes Tamara Lush for yahoo.com. She encourages liberal use of the block function and thinks companies need to deal better with online harassment.Ramos’ ire began with an online harassment and stalking case stemming from contact with a high school classmate in late 2009 or early 2010.The difficulties journalists face when dealing with threatening behavior from members of the public came into…

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How the US ended up in an escalating trade dispute with China

“April 10, 2018: China filed a complaint with the World Trade Organization about Trump’s tariffs on steel and aluminum imports” writes Str Afp for cnbc.com. May 23, 2018: Trump tweeted that trade talks with China will probably have to go in a new direction in order to near a resolution.June 15, 2018: The Office of the U.S. Trade Representative released a list of 1,102 Chinese imports worth about $50 billion. Source: cnbc.com Share This:

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China can’t match Trump in a tariff fight, but it does have other weapons

“The White House has already announced pending tariffs on $50 billion in Chinese goods” writes Jeffry Bartash for marketwatch.com. Also Read: 3 reasons China won’t use yuan devaluation as trade-war tactic Indeed, there’s only so much China can do.China can’t go toe to toe with the U.S. in a widening tariff war because it simply doesn’t buy enough stuff from America.China doesn’t “import enough U.S.-made goods to keep up with tit-for-tat tariffs,” noted chief economist Chris Low of FTN Financial Group. Source: marketwatch.com Share This:

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Escalating U.S.-China trade spat comes at a bad time for global growth, economist says

“The escalating trade spat between the U.S. and China comes at an inconvenient time for the global economy” writes Deputy Markets Editor for marketwatch.com. Kujis said Chinese policy stimulus during moments of global economic weakness have provided a buffer for growth in the country and elsewhere.The resilience of China’s economy in early 2018 has been an important buffer for global growth in the face of mounting headwinds, noted Louis Kujis, head of Asia economics for Oxford Economics, in a Friday note.If attention does turn back to the global backdrop, the…

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Merkel under pressure in escalating row over immigration…

“Seehofer, in sharp contrast to Merkel, has voiced open sympathies for right-wing populist governments that are tough on immigration, from Hungary to Austria and Italy” writes Frank Zeller for yahoo.com. But the emotional immigration issue has opened a rift between them that is deepening as the CSU faces an electoral threat by the AfD in a state poll in October. Source: yahoo.com Share This:

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