Stocks were off to a tepid start Tuesday after criminal charges against Huawei and one of its leading executives threatened to undermine U.S.-China trade negotiations. Positive earnings surprises helped to smooth out the volatility as investors kept an eye on the Federal Reserve’s policy meeting in Washington. Dow Pares Gains as Stocks Move Mostly Lower The Dow Jones Industrial Average managed to...
By CCN.com: Billionaire hedge funder George Soros has warned that the ‘cold war’ consuming the United States and China could get ugly. Speaking in Davos, Switzerland on the sidelines of the World Economic Forum (WEF), the chairman of hedge fund Soros Fund Management said things could get nasty as the world’s two biggest economies stay locked in a trade war, according to CNBC: The reality is that...
By CCN.com: U.S. Commerce Secretary Wilbur Ross quelled expectations of an imminent free-trade agreement with China Thursday after he said Washington and Beijing remain “miles and miles” apart on a new deal. No Deal Yet In an interview with CNBC’s Squawk Box, Ross indicated that the United States and China are nowhere near finalizing a comprehensive trade agreement despite recent optimism that an...
China’s well-known fears of social instability as a result of worsening economic conditions could be used to the advantage of the United States in the trade negotiations, U.S. Commerce Secretary Wilbur Ross has indicated. This comes as trade talks between the world’s two biggest economies entered a new stage on Monday in Beijing. Speaking to CNBC, Ross indicated that China is having a problem...