U.S. stocks mostly shook off early losses to trade higher Wednesday, though technology sector stocks remained lower, after Democrats scored at least one U.S. Senate seat in run-off elections in Georgia Tuesday, bringing the possibility of regulation and higher corporate taxes. How are stock benchmarks performing? The Dow Jones Industrial …
Read More »Peter Morici: Trade will be the toughest test for Biden’s foreign policy
Joe Biden campaigned on a platform to restore America’s standing in the world by repairing ties with our allies, create greater domestic equity through improvements in the Affordable Care Act and aggressive efforts to advance the interests of women and minorities, and accelerate U.S. efforts to reduce greenhouse gases. The …
Read More »: U.K. and EU scrap another deadline and go ‘the extra mile’ to strike a trade deal
U.K. Prime Minister Boris Johnson and Ursula von der Leyen, the president of the European Commission, agreed on Sunday after a phone call that they should go “the extra mile” to try to find a compromise on a trade deal. In a joint statement, the two leaders acknowledged that “deadlines …
Read More »Project Syndicate: Biden must rewrite the China trade contract
Joe Biden on an official visit to China in 2013. Getty Images NEW DELHI, India (Project Syndicate)—Once President-elect Joe Biden’s administration has made the relatively easy decisions to rejoin the Paris climate agreement, remain in the World Health Organization, and attempt to reboot the World Trade Organization, it will confront …
Read More »: EU-U.K. trade talks resume, after a few tense days. Here’s why the discussions must not trigger an economic shock
Fishing boats moored at the port of Le Guilvinec, western France. AFP via Getty Images Negotiations between the European Union and the U.K. will resume in London on Thursday after a few tense days. U.K. Prime Minister Boris Johnson had threatened to end the talks because EU leaders took a …
Read More »Europe Markets: European stocks and Dow futures rise as U.S. and China report positive trade talks
In this July 31, 2019, file photo U.S. Trade Representative Robert Lighthizer, center, gestures as he chats with Chinese Vice Premier Liu He, at right with Treasury Secretary Steven Mnuchin, left, looking on after posing for a family photo at the Xijiao Conference Center in Shanghai. U.S. and Chinese trade …
Read More »Market Extra: Here’s how the stock market tends to trade after brutal selloffs like Thursday’s
U.S. stocks on Thursday booked their worst daily plunge since fears about the economic impact of measures to curtail the spread of the COVID-19 pandemic took root in investors’ psyches back in March. The Dow Jones Industrial Average DJIA, +0.42% tumbled roughly 1,862 points and the S&P 500 SPX, +0.22% …
Read More »