Donald Trump Blames Democrat House Takeover for Dow Jones Sell-Off

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With the Democrats assuming control of the US House of Representatives this week, it seems unlikely that the now-divided federal government will accomplish much of note during the final two years of President Donald Trump’s first term. However, the Democratic House presents Trump with a new foil, one that he has already begun to make … Read more

Dow Futures Crash 300 Points on Apple’s Mainland China Woes

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US stock market futures are signaling deep cuts to open the second trading session of 2019, with contracts tracking the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all implying losses of more than 1.2 percent. Dow, Tech-Heavy Nasdaq Take Deep Cuts on Thursday As of 8:08 am ET, Dow futures had shed 301 … Read more

Gasoline Prices Rise After Donald Trump’s Tweet Celebrating Low Gas Prices

The prices of gas surged Wednesday, with the RBOB gasoline rising by more than 5% to reach 1.3752 USD per gallon after opening the day’s trading around 1.2880. USD per gallon. On Thursday, however, the prices had fallen by 3.7% from yesterday’s high and is now hovering around 1.3288 USD per gallon. U.S. West Texas … Read more

Trump: Stock Market Downturn Just a ‘Glitch’

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Despite experts naming numerous reasons for the stock market downturn, U.S president Donald Trump has decided it is simply a “glitch.” Trump also predicts that equity markets will recover as the U.S negotiates trade deals, including with China. Yet trade woes and reciprocal tariffs with China show no real sign of dissipating. This is despite … Read more

Stock Market Will Have ‘Good Year’ in 2019: Wharton Finance Prof.

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While the US stock market continues to struggle as a result of various institutional and political forces, Jeremy Siegel, professor of Finance at the University of Pennsylvania’s Wharton School of Business, remains optimistic about the state of the market in 2019. Speaking in an interview on CNBC’s Squawk on the Street, Siegel predicted that equity … Read more

Dow, Nasdaq Futures Prep for New Years’ Plunge — is China to Blame?

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Dow Jones Industrial Average futures portended a weak opening to the 2019 trading session on Wednesday, as the US stock market extended a downturn that saw the Dow, Nasdaq, S&P 500, and other major indices post their worst yearly returns since the 2008 financial crisis. Nasdaq, Dow, S&P 500 Futures All Take Major Pre-Market Losses … Read more

The US & China Trade War is Nothing, Worry About Business and Bank Failures in 2019

An economics professor at Long Island University has warned that the greatest headwinds the global economy will face in 2019 will be massive business failures and not the US-China trade war. According to Panos Mourdoukoutas, Professor at the Department of Economics chair at Long Island University’s LIU Post campus, the trade war between China and … Read more