by Dorian Holden | Sep 16, 2019 | Markets
For the first time in 11 years, General Motors’ employees are striking. Earlier, more than 49,000 members of the United Auto Workers (UAW) union walked off factory floors and on to picket lines, as contract negotiations fell apart. At the moment, the strike shuts down...
by Dorian Holden | Sep 16, 2019 | Markets
The oil risk premium is back. Earlier, oil prices were up as much as 18% after oil processing fields in Saudi Arabia were attacked, knocking out 5.7 million barrels a day of crude production – or nearly 5% of global daily oil production. Unfortunately, Yemen’s Houthis...
by Dorian Holden | Sep 13, 2019 | Markets
Investors are a bit confused. Late last night, President Trump said he would “consider” an interim trade deal with China, even though he would not prefer that. Instead, he wants a full agreement. “If we’re going to do the deal, let’s get it done,” he told...
by Dorian Holden | Sep 13, 2019 | Markets
Goldman Sachs isn’t making many friends this morning. Just days after Apple (AAPL) released information of a significant number of new products, Goldman Sachs predicts 26% downside for the stock. In fact, just moments ago, Goldman cut its price target for Apple...
by Dorian Holden | Sep 12, 2019 | Markets
The trade war just took another interesting turn. All as President Trump tweeted that he’ll delay increasing tariffs on $250 billion worth of Chinese goods from October 1 to October 15, 2019, as a “gesture of goodwill” to China. “At the request of the Vice Premier of...
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