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The global stock markets started forming a bearish trend amid renewed threats of a trade war and the prospects for the economic downtrend. The stock markets in China and the United States experienced worst daily losses this week after a top U.S. trade official vindicated Donald Trump’s announcement that tariffs on Chinese goods are coming…
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Auto stocks suffered badly this year as production was shut down for weeks due to the coronavirus pandemic, but even though output has restarted, traders are advising investors not to get their motors running. On Tuesday, Ford made a surprise announcement that chief executive Jim Hackett would retire in October and Jim Farley (pictured), the…
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Apple and Nike are vulnerable to escalations in US-China tensions, according to Mark Tepper, president of money manager Strategic Wealth Partners, as relations between the world’s two biggest economies have soured amid tit for tat closures of consulates. “China accounts for about 20% of revenues for both companies, and I think what people need to…
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Relations between the world two biggest economies China and the US are on “the brink of a new cold war”. “It’s time for the United States to give up its wishful thinking of changing China and stopping 1.4 billion people in their historic march toward modernisation,” said China’s foreign minister, Wang Yi (pictured), in a…
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China’s Commerce Ministry has admitted that its exports sector, which is a key driver of its economy, has been hit due to what it described as “politicization of trade.” China recently reported its Q2 2023 GDP data that came in below estimates. According to CNBC translation, Li Xingqian, the head of the ministry’s external trade…
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xBitcoin Club is one of the crypto robots that have created a buzz in trading circles in 2023. Many traders have asked us if this trading robot is legit and if it’s profitable. We’ve compiled an in-depth xBitcoin Club review to help you make an informed decision. Our review is based on user and expert…
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Zoom Video Communications (NYSE: ZM) stock is trading flat in US premarket price action today after even as the company beat earnings estimates for the first quarter of fiscal year 2024 and also raised its annual guidance. Zoom reported revenues of $1.11 billion in the fiscal fifth quarter that ended in April. The revenues rose…
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Netflix (NYSE: NFLX) released its earnings for the first quarter of 2023 yesterday after the markets closed. While the stock initially crashed following the release it subsequently recovered and is trading flat in US premarket price action today. Netflix reported revenues of $8.16 billion in the quarter which was slightly short of the $8.18 billion…
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Microsoft (NYSE: MSFT) stock is trading lower in US premarket price action today. The company posted mixed earnings for its fiscal second quarter of 2023 and also provided tepid guidance which spooked investors. Microsoft reported revenues of $52.7 billion in the quarter that ended in December. The revenues rose 2% YoY and missed analysts’ estimate…
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Those fancying a Santa Claus Rally this year are in for a rude shock as US markets have plummeted this week. Apple stock (NYSE: AAPL) which was holding steady so far is also drifting towards its 52-week lows amid the crash. Meanwhile, despite the recent weakness Apple stock is outperforming not only its FAANG peers…
