President Trump tweeted Thursday that China and the U.S. were getting “very close to a [trade] deal.” The stock market immediately rocketed. Trump says he has approved the so-called phase-one trade deal with China. The details are still lacking, and hiccups cannot be ruled out. Here is an instructive look below the surface as a […]
1 / 2 Russia Aircraft Carrier Fire In this handout photo provided by an anonymous source, smoke billows from the Admiral Kuznetsov carrier during a fire in Murmansk, Russia, Thursday, Dec. 12, 2019. A fire on Russia’s only aircraft carrier injured two service members, Russian military officials said Thursday. The Admiral Kuznetsov was docked in […]
The House Judiciary Committee debate over articles of impeachment against President Trump took an ugly turn Thursday when Rep. Matt Gaetz, R-Fla., brought up Hunter Biden’s past drug use while defending the president’s call for Ukraine to investigate him. Rep. Hank Johnson, D-Ga., took issue with Gaetz, who was arrested for DUI in 2008. “I would say the pot […]
Key point: As long as both Beijing and Washington have the ability to destroy each other, they will avoid deliberately escalating a conflict. China has tested a new submarine-launched missile that can hit the United States. The first flight test of the JL-3 missile was conducted in November from Bohai Bay in the Yellow Sea, according […]
Jonathan Ernst-Pool/Getty Images Even Democrat Jerry Nadler and Republican Doug Collins seem underwhelmed by impeachment. Do stock and bond markets care about impeachment? The short answer is “no.” The stock market is preoccupied with the status of trade negotiations, at least as portrayed by the media, between the U.S. and China over a phase-one deal […]
Forget Seattle, Denver and San Francisco. Boise, Idaho, is poised to be the hottest housing market at the start of the next decade. A new report from Realtor.com identified the housing markets that are expected to see the most notable home sales and price growth in 2020. Boise ranked No. 1, a marked increase from […]
Oil futures headed slightly higher Thursday as investors shook off bearish inventory reports and focused on central banks that have signaled a willingness to keep interest rates low and economic stimulus in place for the foreseeable future. Optimism about the reception of a closely followed public offering of Saudi Arabia’s behemoth oil refinery in its […]
Investors are basking in some relief after the Federal Reserve indicated interest rates probably won’t go up in 2020, at least for now. Alas, there are other loose ends to tie up as the year winds down, such as trade—we still don’t know if Sunday’s China tariffs will go ahead. A lingering risk for some—Brexit—may […]
AFP via Getty Images U.K. Prime Minister Boris Johnson poses with his dog Dilyn as he leaves a polling station. Sterling slumped on Thursday on uncertainty over the December 12 general election. The pound GBPUSD, -0.1819% traded as low as $1.3118 from $1.3195 on Wednesday, as traders anticipate whether the Conservatives will secure a majority […]
Rep. Alexandria Ocasio-Cortez, D-N.Y., lashed out at Fox News hours after host Tucker Carlson and a guest had criticized her climate policy proposals, while suggesting her district is “dirty” due to its immigrant population. “I go back and forth on whether to go on Fox News. The main reason I haven’t is squaring the fact […]