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Trade War

First the trade war, then the pandemic. Now Chinese manufacturers are turning inward. Trade War

First the trade war, then the pandemic. Now Chinese manufacturers are turning inward.

Ask Zhu Kaiyu about his factory, and he can rattle off a series of statistics meant to impress: 15,000 square meters, 800 employees, 300 machines, 5 million articles of clothing sold per year. Zhu opened his factory for knitted apparel in Dongguan, in China’s Guangdong province, in 2002. He’s proud…
bubmag
June 3, 2020
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