trade war

NEW YORK | US stocks climb ahead of China trade talks; Walmart surges

NEW YORK — U.S. stocks are surging Thursday morning as China and the U.S. prepare to hold their first trade discussions in months, a potential sign of progress toward ending the trade war between them. Walmart is surging after the retailer said its sales climbed in second quarter. KEEPING SCORE: The S&P 500 index climbed … Continue reading NEW YORK | US stocks climb ahead of China trade talks; Walmart surges

SINGAPORE | Stocks drop after Trump says he’s ready to step up trade war

SINGAPORE — World stock markets fell sharply Friday after U.S. President Donald Trump said he was prepared to put new tariffs on all Chinese imports, escalating the rhetoric in a trade war that could hit global economic growth. KEEPING SCORE: From being up slightly earlier in the day, European indexes were trading lower. Germany’s DAX … Continue reading SINGAPORE | Stocks drop after Trump says he’s ready to step up trade war

WASHINGTON | Fed says trade war downturn could pose challenges

WASHINGTON — Federal Reserve Chairman Jerome Powell said Wednesday that the central bank has tools it can use to cushion the potential economic fallout from a trade war. But he told Congress the effort could be challenging if higher tariffs push inflation up too sharply. If the retaliatory tariffs imposed by other countries slowed U.S. … Continue reading WASHINGTON | Fed says trade war downturn could pose challenges

BRUSSELS  | European bank officials caution on trade war impact

BRUSSELS  — Top officials at the European Central Bank expressed confidence at their last policy meeting that the eurozone economy remains “broadly on track” but expressed concern that rising trade protectionism could dampen business confidence and blunt the recovery. The assessment was contained in the written account of the bank’s June 14 policy meeting where … Continue reading BRUSSELS  | European bank officials caution on trade war impact

NEW YORK | Stocks sink as trade war heats up with new tariff threats

NEW YORK — Global stock indexes are falling Wednesday after the Trump administration released a list of $200 billion in goods that could be hit with tariffs and China said it would to retaliate. In the U.S., industrial companies and basic materials makers are taking some of the worst losses. KEEPING SCORE: The S&P 500 … Continue reading NEW YORK | Stocks sink as trade war heats up with new tariff threats

What trade war? Markets shrug off US-China dueling tariffs

Wall Street shrugged off the escalation of a trade dispute between the world’s two largest economies Friday after the U.S. imposed tariffs on billions in Chinese goods and China responded in kind. After a wobbly start, U.S. stocks were moving broadly higher, placing the market on track for a weekly gain after two weeks of … Continue reading What trade war? Markets shrug off US-China dueling tariffs

Average US 30-year mortgage rates fall to 4.52 percent

WASHINGTON/ July 5, 2018  (STL.News)— Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. … Continue reading Average US 30-year mortgage rates fall to 4.52 percent

BEIJING | The Latest: Central banker: we can’t undo trade war damage

BEIJING — The Latest on the trade dispute between China and the U.S. that may result in the two sides each imposing higher duties on billions of dollars’ worth of each other’s exports. (all times local): 8:05 p.m. Bank of England Governor Mark Carney has warned that central banks shouldn’t be relied upon to prop … Continue reading BEIJING | The Latest: Central banker: we can’t undo trade war damage