The market wants this, except real. Photo: Li Xueren/Xinhua News Agency/Getty Images It’s one of the core contradictions of Trump administration economic policy: President Trump “places as much importance on the health of the Dow Jones Industrial Average for validation of his job performance as he does with his polling numbers,” The Wall Street Journal reported last week; yet he insists on pursuing protectionist trade policies that markets have repeatedly demonstrated they hate and will punish with falling prices. It may be that the president learned the wrong lessons from the market’s strong performance in 2017. I am not in the camp that gives Trump no credit for the strong stock performance in the year following his election. Trump’s key legislative accomplishment — the tax reform bill — reduced the tax burden on corporations and therefore was positive for stock values, whatever its indeterminate effects on the overall economy. And Trump … [Read more...] about If Trump Is Obsessed With Stock Prices, Why Is He Still a ‘Tariff Man’?
Money market vs stock market
Edward McCarthy, center, works with fellow traders on the floor of the New York Stock Exchange, Tuesday, Oct. 29, 2019. Edward McCarthy, center, works with fellow traders on the floor of the New York Stock Exchange, Tuesday, Oct. 29, 2019. Photo: Richard Drew Photo: Richard Drew Image 1 of / 1 Caption Close Image 1 of 1 Edward McCarthy, center, works with fellow traders on the floor of the New York Stock Exchange, Tuesday, Oct. 29, 2019. Edward McCarthy, center, works with fellow traders on the floor of the New York Stock Exchange, Tuesday, Oct. 29, 2019. Photo: Richard Drew Energy stock carnage sets up ‘rinse and repeat’ start to 2020 1 / 1 Back to Gallery Energy equity carnage was … [Read more...] about Energy stock carnage sets up ‘rinse and repeat’ start to 2020
When it comes to holiday shopping, think outside the big-box store. After all, it’s the best time for merry makers’ markets and chic pop-ups filled with local, artisanal and one-of-a-kind gifts. We’ve curated a list of the best such events around the Bay Area — all of which are free and open to the public. (Editor’s note: Please check dates, as some markets may have passed.) Featuring more than 30 local black women artists, makers and entrepreneurs, For the Culture: A Black Women’s Holiday Market, is a place to shop for holiday gifts and celebrate the community at the same time. 11 a.m.-6 p.m. Friday and Saturday, Nov. 23 and 24; Alena Museum, 2725 Magnolia St., Oakland.Photo: Zoe Larkin Photography For the Culture: A Black Women’s Holiday Market Featuring more than 30 local black women artists, makers and entrepreneurs, this market is a place to shop for holiday gifts and celebrate the community at the same time. Shop for unique jewelry, … [Read more...] about Bay Area artisan holiday markets not to miss
NEW YORK (CBSNewYork) – If you haven’t finished your holiday shopping, there’s one more pop-up market, an original designed by New Yorkers with New Yorkers in mind. The Union Square Holiday Market, the oldest of its kind in the city, is a one-stop-shop for locals looking to get unique gifts for anyone on their shopping list, reports CBSN New York’s John Dias. “It’s quick, everything is in one place, you can get all of your presents here,” said Stacy Kim of the Upper East Side. “I love this market, it’s bringing local communities together,” said Grayson Kramer of the Lower East Side. “It’s really cool.” The internationally-renowned market, put on by Urban Space, is located in the heart of the city just north of 14th Street. When walking the winding aisles, it may not appear as if you’re in New York. MORE: NYC Holiday Markets: Shop, Skate And Sip At Bryant Park’s Winter Village When you stop and … [Read more...] about NYC Holiday Markets: Exploring The Original Shoppers’ Fair In Union Square
Hong Kong (CNN Business)Asian markets were muted on Thursday as anxiety over the state of US-China trade talks continues. Hong Kong's Hang Seng Index (HSI) fell 0.3%, while China's Shanghai Composite Index (SHCOMP) inched down 0.1%. Japan's Nikkei (N225) also dipped 0.1%, while and South Korea's Kospi (KOSPI) lost 0.4%. US-China trade relations continue to worry investors. The two countries have announced tariffs on each other that are set to go into effect on Sunday. And although US Treasury Secretary Steven Mnuchin insisted to Bloomberg that a meeting with China on trade will still happen, he did not specify when. Uncertainties about trade still haunt the market, which has created a "waiting game," wrote Jingyi Pan, a strategist for IG Group, in a research note. Read More The yuan weakened further, despite a stronger-than-expected fixing by the Chinese central bank. The currency has slumped 4% so far in onshore trading this month. On Thursday, it was trading at about 7.16 per … [Read more...] about Asian markets broadly fall as trade worries persist