The U.S. dollar's dominance will come to an end if the Federal Reserve gives in to pressure from financial markets and President Donald Trump and chops interest rates another 50 basis points this year, a Reuters poll of market strategists showed.
Fitness chains SoulCycle and Equinox on Wednesday sought to distance themselves from a fundraiser for U.S. President Donald Trump reportedly in the works by their billionaire owner, real estate executive Stephen Ross.
Asian shares were trying to rally on Thursday after Beijing limited the fall in its yuan and provided temporary relief from fears of a global currency war, though worries about recession still lurked in the background.
Asian shares were trying to rally on Thursday as Beijing reported better trade numbers while also limiting the fall in its yuan, offering temporary relief from fears of a global currency war.
As the U.S.-China trade war continues to heat up, investors might want to hide in companies with 100% domestic sales, Goldman says.
Traders will take their cues from China's central bank and where it sets the midpoint for the yuan as U.S.-China tensions increase.
Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China's flagship carrier said on Tuesday, as travel demand remains weak amid an escalating U.S.-China trade war.
U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy protection to restructure its business and pursue a sale, the New York Times reported on Tuesday.
Global stocks extended already substantial losses on Tuesday, after Washington designated Beijing a currency manipulator and further rattled fragile investor sentiment in a rapid escalation of the U.S.-China trade war.
Many Wall Street workers will see their pay stay flat or decline this year, as big banks and money managers continue to cut costs, according to a report on Tuesday by compensation consultancy Johnson Associates.
Global stocks extended already substantial losses on Tuesday, after Washington tagged China a currency manipulator, shaking fragile investor sentiment in a rapid escalation of the U.S.-China trade war.
U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy protection to restructure its business and pursue a sale, the New York Times reported early on Tuesday.
China's official Communist Party newspaper said on Tuesday that the United States was "deliberately destroying international order", a day after Washington branded Beijing a currency manipulator in a rapidly escalating trade dispute.
Vivendi is in talks to sell a 10% stake in its prized and lucrative Universal Music Group (UMG) to Chinese tech group Tencent , the French media conglomerate said on Tuesday.
Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China's flagship carrier said on Tuesday, as travel demand remains weak amid an escalating U.S.-China trade war.