Category

Trade War

The Fed unveils top corporate-bond ETFs targeted in its $1.3 billion stimulus spree Trade War

The Fed unveils top corporate-bond ETFs targeted in its $1.3 billion stimulus spree

Kevin Lamarque/Reuters A Friday release detailed which corporate-credit ETFs the Federal Reserve bought up from the program's May 12 start to May 18. BlackRock's iShares iBoxx US Dollar Investment Grade Corporate Bond ETF was the most purchased, with the central bank buying up 2,521,892 shares over the period. Total purchases reached…
bubmag
May 30, 2020
Trade-war collateral damage: destruction of $1.7 trillion in U.S. companies’ market value Trade War

Trade-war collateral damage: destruction of $1.7 trillion in U.S. companies’ market value

Published: May 30, 2020 at 12:51 a.m. ET New York Fed report backs earlier evidence that American companies have continued to pick up the tab for Trump-initiated tariffs President Donald Trump of the U.S. strolls in 2017 beside Chinese President Xi Jinping at the Great Hall of the People in…
bubmag
May 30, 2020
US corporate bond sales surge past the $1 trillion threshold at the fastest pace ever Trade War

US corporate bond sales surge past the $1 trillion threshold at the fastest pace ever

Timothy A. Clary/AFP/Getty Images Investment-grade corporate bond sales topped the $1 trillion threshold at the fastest pace in history, Bloomberg reported Thursday. The Federal Reserve's unprecedented move into corporate debt purchases helped fuel the buying spree by wiping out credit-health fears and driving historic inflows. Only $548 billion worth of…
bubmag
May 28, 2020
Huawei Executive One Step Closer to U.S. Extradition After Major Loss in Court Trade War

Huawei Executive One Step Closer to U.S. Extradition After Major Loss in Court

Meng Wanzhou outside British Columbia Supreme Court on May 27, 2020.Photo: Don MacKinnon (AFP via Getty Images)The chief financial officer of Chinese tech giant Huawei, Meng Wanzhou, is much likelier to end up facing prison time in the United States after her legal strategy to avoid extradition from Canada suffered…
bubmag
May 28, 2020