Finance

These tensions have weighed on financial markets recently as investors fear a trade war between the two largest world economies may be around the corner. “Right now, the discussions over trade are really ones that may be impacting individual businesses,” Brainard said. However, Brainard also said the U.S. economy appears capable of handling tighter monetary
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Brazil and Mexico have caught the eye of U.S. executives as investment destinations after a sharp economic turnaround in Latin America. U.S. executives expect their companies to make deals in both Brazil and Mexico over the next 12 months, according to a survey conducted by EY. “As we approach full employment in the U.S., companies
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Olivia Harris | Reuters Authorities around the world, including the United States, Switzerland and Singapore have looked into anti-money laundering breaches relating to 1MDB. The financial scandal — one of the world’s biggest — has rocked Malaysian politics and involves players as diverse as Goldman Sachs and Hollywood. The state of 1MDB’s finances has been
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Check out the companies making headlines after the bell: Skechers stock plummeted more than 23 percent in the extended session. The footwear company reported earnings and revenues that surpassed Wall Street expectations. Global same-store sales were also up 9.5 percent. Despite the strong earnings, weak second-quarter guidance sent shares falling. E*Trade shares fell more than
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If bitcoin can’t recover $8,600 soon, bitcoin “miners” will likely find it unprofitable to keep creating the cryptocurrency, Morgan Stanley analysts said. Bitcoin traded slightly higher near $8,200 on Thursday, according to CoinDesk. It has struggled to recover in the last few months after tumbling from a record high above $19,000 in mid-December. “We estimate
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The U.S. may have lashed out against China in recent weeks, but at least one portfolio manager remains “very” optimistic about the prospects of the world’s second-largest economy. In recent weeks, the U.S. and China traded tariff threats, and on Monday, Washington banned American companies from doing business with Chinese phone maker ZTE, which it
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Check out the companies making headlines after the bell: Netflix shares soared as much as 7 percent post-market after the entertainment company released its first-quarter earnings. Its earnings were in line with Wall Street estimates and revenues were slightly above. Guidance for the upcoming quarter is strong. The company added nearly 2 million U.S. subscribers
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