It's 10 o'clock at night, and Benjamin Arnold's day is just beginning. The former Goldman Sachs trader is gearing up to trade equities in Asia from his small office thousands of miles away in Park City, Utah.
Valero Energy Corp shut a hydrocracking unit (HCU) and sulfur recovery unit (SRU) at its 335,000-barrel-per-day (bpd) Port Arthur, Texas, refinery on Monday, said sources familiar with plant operations.
Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.
Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.
Global stocks extended already substantial losses on Tuesday as China's yuan currency dropped to an 11-year low after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.
Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of "simmering" trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.
China's offshore yuan hit a record low on Tuesday, fuelling fresh selling in global financial markets, after the United States branded Beijing a "currency manipulator" in a rapidly escalating trade war between the world's two biggest economies.
Formally declaring China a currency manipulator may scratch a long-term itch for U.S. President Donald Trump, but the move provides few new tools that have not already been employed in two years of trade negotiations with Beijing.
China's official Communist Party newspaper said on Tuesday the United States was "deliberately destroying international order", a day after Washington branded Beijing a currency manipulator in a rapidly escalating trade dispute.
Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion.
JPMorgan confirmed it had won an auction to hold a majority equity stake in its Chinese asset management joint venture (JV), becoming the first foreign firm to move closer to taking control of an onshore funds business under new rules.
CNBC's Jim Cramer urges investors to keep the trade war in perspective.
If you slowly buy the stocks of companies with great fundamentals, you will be in good shape when the smoke clears around trade tensions, Jim Cramer says.
During this bull market, one-month after the market sell-off the average return is 4%.
HSBC reported on Monday its first-half pretax profit rose 15.9% and announced a further buyback of $1 billion, defying some analysts' expectations it might pause its strategy of returning extra capital to investors.