JPMORGAN: America's small businesses risk running out of money as the trade war rages on — and investors appear blind to the mounting pressure

If the US-China trade war enters a more dangerous phase, small businesses are much more vulnerable than larger firms in terms of losing their cash flow, according to JPMorgan strategists. But it says investors are underestimating the risks of an escalated trade war to businesses both big and small. JPMorgan unearthed the evidence for this complacency and offered a trading […]

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China reportedly holds backdoor talks with tech companies ahead of G20 meeting with US

The Chinese government reportedly met with several top American technology companies that it urged to not cooperate with President Donald Trump’s ban on American technology sales to the country. The New York Times reported that the meeting was held with companies the country had labeled “unreliable” as a response to Trump’s blacklist of Chinese technology giant Huawei. News of the […]

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Best Buy Stock Breaks Down as Tariffs Affect Guidance

Best Buy Co., Inc. (BBY) shares fell more than 4% on Thursday morning even though the electronics retailer posted better-than-expected first quarter financial results. Revenue rose 0.3% to $9.14 billion, which was in line with consensus estimates, while non-GAAP earnings per share (EPS) came in at $1.02, which beat consensus estimates by a robust 15 cents per share. During the […]

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Trump’s Tariff Spree Comes With Big Electoral Risks

LISTEN TO ARTICLE SHARE THIS ARTICLE President Trump’s fondness for weaponizing tariffs is no secret. But as his list of targets expands beyond China to include allies such as Mexico and Australia, Trump not only jeopardizes the health of the U.S. economy, he risks undermining his own political standing, too.  A new report from Goldman Sachs shows that, while Trump may […]

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Central Banks Back on Front Lines Amid Trade War Angst: Eco Week Ahead

In this article Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes. Central banks may soon be back saving the world economy beset by an escalating trade war. Thursday’s meeting of European Central Bank officials is set to flesh out plans for a new round of long-term loans to banks.  Bloomberg […]

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The Wettest and Wildest Planting Season Farmers Can Remember

In this article There has never been a spring planting season like this one. Rivers topped their banks. Levees were breached. Fields filled with water and mud. And it kept raining. It was raining when U.S. farmers, a year into being squeezed out of the world’s largest soybean market by the trade war with China, were supposed to start putting […]

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China Tariff Retaliation Kicks In as Trade War Ratchets Up

In this article Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes. China raised tariffs on tens of billions of dollars of goods imported from the U.S., implementing the promised retaliation to President Donald Trump’s latest round of trade war duties on about $200 billion in Chinese exports. As of […]

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Russia Holds Rare Earths But Mines Little. That’s Changing

In this article With rare earths in the cross hairs of the U.S.-China trade war, there’s a sharp focus on who else can sell the critical minerals. Russia could become one supplier. The country accounts for less than 2% of global production, but owns the world’s fourth-biggest reserves, according to the U.S. Geological Survey. There are two projects that could […]

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As Trump and Xi Battle Over Trade, Africa Moves to Ban Tariffs

In this article Africa, largely ignored in a U.S.-China trade war that could roil economies worldwide, is quietly piecing together the world’s largest free-trade zone. The African Continental Free Trade Area comes into force on paper on Thursday after the required 22 countries ratified the deal a month ago. Once it’s passed by all 55 nations recognized as part of […]

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