Trade War

“There’s no plan B,” said Saint-Amans, while tucking into a Caesar salad earlier this week in Brussels during a break between meetings at the European Commission, the European Parliament and local think tanks. His next destination: a two-day meeting of G20 finance ministers and central bankers starting Saturday in Saudi…

(WASHINGTON) — President Donald Trump signaled Friday that he’s prepared to tap federal coffers again to help farmers suffering from the tariff fights that he initiated. The Trump administration over the past two years has committed to providing farmers with $27 billion in assistance. Agriculture Secretary Sonny Perdue has said…

BENGALURU (Reuters) - The impact of the coronavirus outbreak in China on U.S. economic growth will be negligible and short-lived, according to economists in a Reuters poll who nonetheless now say risks to their forecasts are skewed more to the downside. FILE PHOTO: A customer counts her money at the…

China has...gone do the dogs? A woman pushes a stroller with two dogs wearing masks along a street ... in Shanghai on February 19, 2020. (Photo by NOEL CELIS/AFP via Getty Images) AFP via Getty Images The ongoing coronavirus epidemic in China may very well end up pulling factories out…

These days, markets forgive and forget anything except the suspension of share buybacks. By Nick Corbishley, for WOLF STREET: Global banking behemoth HSBC’s net profit slumped 53% in 2019, to $5.97 billion, after the lender announced a $7.3 billion write-off to reflect weakened conditions in global banking and markets, and European commercial…

The machine-vision leader is weathering a perfect storm, with the coronavirus adding to the impact of weak manufacturing and the recently resolved trade war. After three challenging quarters leading up to Cognex's (NASDAQ:CGNX) fourth-quarter financial report, shareholder expectations were extremely low. The machine-vision leader has banged the drum all year…

Apple doesn’t expect to meet its revenue guidance for the March quarter due to work slowdowns and lower demand due to the outbreak of novel coronavirus in China. The company said that the iPhone, which generates the bulk of Apple’s revenue, is temporarily constrained due to production ramping up more…

A Japanese recession has started but you might not understand that if you read some reports. The lead image is from Coronavirus Threatens Japan Rebound as GDP Falls Most in 5 Years. Blue text and square anecdotes are mine. The BBC reports Japan's Economy Shrinks at Fastest Rate Since 2014…

China Photos/Getty Images The People's Bank of China announced it will begin destroying notes collected by hospitals, buses, and markets in coronavirus-addles locales, financial news outlet Caixin reported.China's central bank will also disi… Read More

(Photo by Mladen Antonov AFP via Getty Images Bitcoin has been an excellent gauge of trouble in China since the trade war kicked off in 2019. China has capital controls and massive wealth, so that in times of stress huge volumes of money will seek havens, of which bitcoin is…