Category Archives for "Finance News"

Dow futures point to 500-point drop at the open after China retaliates with tariff hikes

Trade War is ON!

Let’s see who blinks first.

From the article:

Stocks fell sharply on Monday after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies.
The Dow Jones Industrial Average traded down 457 points, while a 2.3% drop in the tech sector pushed the S&P 500 down by 1.5%. The Nasdaq Composite dropped 2.2%.

Source: Dow futures point to 500-point drop at the open after China retaliates with tariff hikes

Stephen Moore has withdrawn from Fed consideration, Trump says

From the article:

Conservative economics pundit Stephen Moore has withdrawn his bid to be appointed to the Federal Reserve Board — within hours of boasting that he expected to be easily confirmed by the Senate — President Donald Trump said Thursday in a Twitter post.

Moore’s putative nomination for the central bank had faced intense criticism and scrutiny after Trump said he wanted him on the Federal Reserve board.

Moore, a 59-year-old visiting fellow at the Heritage Foundation think tank, drew fire for his economic views, a messy divorce, a $75,000 IRS income tax lien and past statements that belittled women.

“This is kind of a victory lap for the left because they took me down with a smear campaign,” Moore said in an interview with Fox Business News on Thursday.

Source: Stephen Moore has withdrawn from Fed consideration, Trump says