Google shutters more than 200 YouTube channels amid Hong Kong protests

Pompeo says the US message on Huawei is clear. Trump’s words say…U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade…Technologyread more


Pompeo says the US message on Huawei is clear. Trump’s words say…U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade…Technologyread more
Google shutters more than 200 YouTube channels amid Hong Kong protests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jennifer elias
Keywords: news, cnbc, companies, words, kong, google, trumps, protests, huawei, tradetechnologyread, channels, secretary, youtube, wanzhou, 200, shutters, mike, hong, amid, state, pompeo, sayus


Google shutters more than 200 YouTube channels amid Hong Kong protests

Pompeo says the US message on Huawei is clear. Trump’s words say…

U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade…

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jennifer elias
Keywords: news, cnbc, companies, words, kong, google, trumps, protests, huawei, tradetechnologyread, channels, secretary, youtube, wanzhou, 200, shutters, mike, hong, amid, state, pompeo, sayus


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Goldman says buy dividend stocks amid diving yields

Investors have piled into safe-haven Treasurys recently, pushing bond yields to their historic lows last week as stocks sold off. Goldman predicted the S&P 500 annualized dividend growth to be 3.5% during the next decade. Goldman screened stocks with strong dividend growth and high dividend yields, based on their dividend estimates and payout ratios. The average stock in its basket has a dividend yield of 3.8% versus 2.1% for the typical S&P 500 stock. AT&T, Kohl’s and data storage company Seaga


Investors have piled into safe-haven Treasurys recently, pushing bond yields to their historic lows last week as stocks sold off. Goldman predicted the S&P 500 annualized dividend growth to be 3.5% during the next decade. Goldman screened stocks with strong dividend growth and high dividend yields, based on their dividend estimates and payout ratios. The average stock in its basket has a dividend yield of 3.8% versus 2.1% for the typical S&P 500 stock. AT&T, Kohl’s and data storage company Seaga
Goldman says buy dividend stocks amid diving yields Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: yun li
Keywords: news, cnbc, companies, 500, yields, amid, dividend, yield, goldman, diving, buy, company, sp, strategist, stocks, growth


Goldman says buy dividend stocks amid diving yields

In a falling rate environment, Goldman Sachs is advising clients to buy high-dividend payers, which it says are trading at their cheapest levels in nearly 40 years relative to stocks with low yields.

“With the 10-year Treasury yield at just 1.5% and the Fed likely to cut two more times this year, investors should look for opportunities in dividend stocks,” Goldman chief U.S. equity strategist David Kostin said in a note Friday.

Investors have piled into safe-haven Treasurys recently, pushing bond yields to their historic lows last week as stocks sold off. If the market remains shaky in the face of a slowing global economy and the intensified trade war, investors may look to stocks with more steady dividend income, according to Goldman.

The market is pricing in “an overly pessimistic” level of dividend payouts with the swap-market prices implying merely 0.7% growth over the next decade, Kostin pointed out. Additionally, the valuation gap between high- and low-dividend-yield stocks is close to the widest it has been in the last 40 years, the strategist said.

However, the reality is that U.S. companies are increasing dividends steadily with the S&P 500 dividends rising by 9% in the first and second quarters this year, he said. Goldman predicted the S&P 500 annualized dividend growth to be 3.5% during the next decade.

Goldman screened stocks with strong dividend growth and high dividend yields, based on their dividend estimates and payout ratios. The average stock in its basket has a dividend yield of 3.8% versus 2.1% for the typical S&P 500 stock.

AT&T, Kohl’s and data storage company Seagate Technology all have a dividend yield of about 6% and make the Goldman list of about 50 stocks. Food processing company Archer-Daniels Midland, Citizens Financials and real estate company Simon Property Group are also among those big dividend growers.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: yun li
Keywords: news, cnbc, companies, 500, yields, amid, dividend, yield, goldman, diving, buy, company, sp, strategist, stocks, growth


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US Treasury yields tick lower amid trade war concerns

U.S. government debt prices were slightly higher Monday morning, amid trade tensions between the world’s two largest economies and concerns of slowing global economic growth. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.7223%, while the yield on the 30-year Treasury bond was also lower at around 2.2371%. Market focus is largely attuned to simmering trade tensions between Washington and Beijing. On Friday, President Donald Trump said


U.S. government debt prices were slightly higher Monday morning, amid trade tensions between the world’s two largest economies and concerns of slowing global economic growth. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.7223%, while the yield on the 30-year Treasury bond was also lower at around 2.2371%. Market focus is largely attuned to simmering trade tensions between Washington and Beijing. On Friday, President Donald Trump said
US Treasury yields tick lower amid trade war concerns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: sam meredith
Keywords: news, cnbc, companies, tick, concerns, president, china, trade, tensions, war, amid, billion, yields, yield, set, yuan, treasury, lower


US Treasury yields tick lower amid trade war concerns

U.S. government debt prices were slightly higher Monday morning, amid trade tensions between the world’s two largest economies and concerns of slowing global economic growth.

At around 02:45 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.7223%, while the yield on the 30-year Treasury bond was also lower at around 2.2371%.

Market focus is largely attuned to simmering trade tensions between Washington and Beijing.

On Friday, President Donald Trump said he was not ready to make a deal with China and called into question the next round of trade talks. It comes after the U.S. president said he would impose a 10% tariff on the remaining $300 billion worth of Chinese imports on September 1. China responded by halting its purchases of U.S. agricultural products.

Last week, the U.S. accused China of being a currency manipulator after Beijing allowed the yuan to dip below the 7-per-dollar level for the first time in more than a decade.

On Monday, the People’s Bank of China (PBOC) set its daily midpoint for yuan trading — which determines the limits for its onshore movement — at 7.0211 per dollar. That was weaker than Friday’s session, but stronger than market expectations.

On the data front, the Federal Budget for July is expected to be published at around 2:00 p.m. ET.

Meanwhile, the U.S. Treasury is set to auction $42 billion in 13-week bills and $42 billion in 26-week bills.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: sam meredith
Keywords: news, cnbc, companies, tick, concerns, president, china, trade, tensions, war, amid, billion, yields, yield, set, yuan, treasury, lower


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10-year Treasury yield dips back below 1.7% amid global growth worries

U.S. government debt yields were sharply lower on Monday, amid trade tensions between the world’s two largest economies and concerns of slowing global economic growth. The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.63%, while the yield on the 30-year Treasury bond was also lower at around 2.127%. The spread between 2-year and 10-year Treasury yields narrowed to about only 5 basis points on Monday, near its lowest level since 2007. Market f


U.S. government debt yields were sharply lower on Monday, amid trade tensions between the world’s two largest economies and concerns of slowing global economic growth. The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.63%, while the yield on the 30-year Treasury bond was also lower at around 2.127%. The spread between 2-year and 10-year Treasury yields narrowed to about only 5 basis points on Monday, near its lowest level since 2007. Market f
10-year Treasury yield dips back below 1.7% amid global growth worries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: sam meredith
Keywords: news, cnbc, companies, billion, dips, 17, yuan, amid, yields, lower, treasury, set, worries, trade, china, 10year, global, growth, yield, tensions


10-year Treasury yield dips back below 1.7% amid global growth worries

U.S. government debt yields were sharply lower on Monday, amid trade tensions between the world’s two largest economies and concerns of slowing global economic growth.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.63%, while the yield on the 30-year Treasury bond was also lower at around 2.127%.

The spread between 2-year and 10-year Treasury yields narrowed to about only 5 basis points on Monday, near its lowest level since 2007.

“Persistently low inflation in developed economies should constrain nominal yields, and tariffs are more likely to weigh on prices via demand destruction,” Michael Reynolds, investment strategy officer at Glenmede Trust Company. “Overall, these factors are holding back aggregate demand for both consumer spending and business investment, culminating in lower bond yields that reflect diminished growth expectations.”

Market focus is largely attuned to simmering trade tensions between Washington and Beijing.

On Friday, President Donald Trump said he was not ready to make a deal with China and called into question the next round of trade talks. It comes after the U.S. president said he would impose a 10% tariff on the remaining $300 billion worth of Chinese imports on September 1. China responded by halting its purchases of U.S. agricultural products.

Last week, the U.S. accused China of being a currency manipulator after Beijing allowed the yuan to dip below the 7-per-dollar level for the first time in more than a decade.

On Monday, the People’s Bank of China set its daily midpoint for yuan trading — which determines the limits for its onshore movement — at 7.0211 per dollar. That was weaker than Friday’s session, but stronger than market expectations.

Meanwhile, the U.S. Treasury is set to auction $42 billion in 13-week bills and $42 billion in 26-week bills.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: sam meredith
Keywords: news, cnbc, companies, billion, dips, 17, yuan, amid, yields, lower, treasury, set, worries, trade, china, 10year, global, growth, yield, tensions


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European stocks close lower amid trade war worries; Tullow Oil up 20%

Banks were the biggest fallers, led by a 5% slide for CYBG, while chemicals stocks were the best performers. Trade talks are set to resume in Washington in early September after a new 10% tariff on an additional $300 billion worth of Chinese goods comes into effect on September 1. President Donald Trump told reporters on Friday that the U.S. is not ready to strike a trade deal with China just yet. AMS stock plunged almost 12% while Osram shares leaped over 10% on the news. Meanwhile, Tullow Oil


Banks were the biggest fallers, led by a 5% slide for CYBG, while chemicals stocks were the best performers. Trade talks are set to resume in Washington in early September after a new 10% tariff on an additional $300 billion worth of Chinese goods comes into effect on September 1. President Donald Trump told reporters on Friday that the U.S. is not ready to strike a trade deal with China just yet. AMS stock plunged almost 12% while Osram shares leaped over 10% on the news. Meanwhile, Tullow Oil
European stocks close lower amid trade war worries; Tullow Oil up 20% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: elliot smith
Keywords: news, cnbc, companies, tullow, peso, close, amid, lower, set, european, osram, shares, worries, chinese, war, stoxx, president, trade, oil, stocks, talks


European stocks close lower amid trade war worries; Tullow Oil up 20%

The pan-European Stoxx 600 closed provisionally down nearly 0.3%. The index had posted an almost 1% gain earlier in the session. Banks were the biggest fallers, led by a 5% slide for CYBG, while chemicals stocks were the best performers.

The People’s Bank of China set the official midpoint reference for its yuan currency at 7.0211 per dollar on Monday, exceeding the psychological barrier of 7 per dollar for the third consecutive session.

Trade talks are set to resume in Washington in early September after a new 10% tariff on an additional $300 billion worth of Chinese goods comes into effect on September 1. President Donald Trump told reporters on Friday that the U.S. is not ready to strike a trade deal with China just yet.

On Wall Street, stocks fell as investor sentiment was knocked by concerns around slowing global economic growth. Goldman Sachs said on Sunday that fears of a recession as a result of the trade war are increasing, and the investment bank no longer expects a trade deal before the 2020 U.S. presidential election.

Elsewhere, the Argentinian peso sold off steeply Monday after the country’s center-right President Mauricio Macri performed poorly in primary elections.

Macri lost by a far greater margin than expected on Sunday, early official results showed, casting serious doubt over the incumbent’s re-election chances in October. The peso slipped more than 30% at one stage to a record low as traders demanded 65 to the U.S. dollar.

Hong Kong was also in focus as tensions between Chinese authorities and protesters escalated. Hong Kong International Airport, one of the world’s busiest terminals, was forced to cancel all departures on Monday amid mass disruption due to anti-government protests.

Back in Europe, Trump’s national security advisor John Bolton arrived in London Sunday for talks where he is expected to urge Britain to take a tougher stance on Iran and Chinese telecommunications firm Huawei.

Investors will also have an eye on political developments in Italy after Deputy Prime Minister Matteo Salvini’s Lega party filed a no-confidence motion to bring down the government on Friday.

In corporate news, Apple supplier AMS said Sunday that it has made an all-cash takeover offer of 38.5 euros ($43.15) per share for German lighting group Osram Licht. AMS stock plunged almost 12% while Osram shares leaped over 10% on the news.

Meanwhile, Tullow Oil shares surged 20% to lead the Stoxx 600 after it announced a major oil discovery in Guyana.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: elliot smith
Keywords: news, cnbc, companies, tullow, peso, close, amid, lower, set, european, osram, shares, worries, chinese, war, stoxx, president, trade, oil, stocks, talks


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Billionaire Tom Steyer steps down from Clinton-linked think tank amid 2020 run for president

Billionaire Tom Steyer has resigned from the board of a think tank run by allies of Bill and Hillary Clinton, CNBC has learned. Tanden was an aide to former President Bill Clinton and became policy director for Hillary Clinton’s 2008 run for president. “I hereby tender my resignation as a Director of the Center for American Progress effective Tuesday July 9th, 2019,” he wrote. Steyer has been a CAP board member since at least 2010, according to 990 tax returns. “The Center for American Progress


Billionaire Tom Steyer has resigned from the board of a think tank run by allies of Bill and Hillary Clinton, CNBC has learned. Tanden was an aide to former President Bill Clinton and became policy director for Hillary Clinton’s 2008 run for president. “I hereby tender my resignation as a Director of the Center for American Progress effective Tuesday July 9th, 2019,” he wrote. Steyer has been a CAP board member since at least 2010, according to 990 tax returns. “The Center for American Progress
Billionaire Tom Steyer steps down from Clinton-linked think tank amid 2020 run for president Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: brian schwartz
Keywords: news, cnbc, companies, clintonlinked, tom, cap, progressive, center, american, steyer, amid, think, billionaire, board, progress, steps, president, clinton, campaign, tank, run


Billionaire Tom Steyer steps down from Clinton-linked think tank amid 2020 run for president

Billionaire Tom Steyer has resigned from the board of a think tank run by allies of Bill and Hillary Clinton, CNBC has learned.

Neera Tanden, the CEO of the Center for American Progress (CAP) confirmed to CNBC that Steyer stepped down as a director of the organization’s board when he decided to run for president.

Tanden was an aide to former President Bill Clinton and became policy director for Hillary Clinton’s 2008 run for president. She was an informal advisor to Hillary Clinton during her 2016 campaign to win the White House. She also served in President Barack Obama’s administration.

Steyer informed the board of his resignation in a letter dated July 9. “I hereby tender my resignation as a Director of the Center for American Progress effective Tuesday July 9th, 2019,” he wrote.

He announced his entrance into the 2020 race on that same day. He is dedicated to spending $100 million of his own money while on the campaign trail but has yet to qualify for the primary debate in September. Steyer has been a CAP board member since at least 2010, according to 990 tax returns.

The decision by the the Democratic megadonor-turned-presidential candidate to step down comes as he has been distancing himself from outside entities that could be seen as giving his campaign an advantage.

Last month, he also walked away from leading NextGen America, which helped Democrats retake the House in the 2018 midterms, and Need to Impeach, a group that has been calling on congress to begin impeachment proceedings against President Donald Trump.

A spokeswoman for the Steyer campaign, Karla Hudson, noted that the former hedge fund manager’s family office, Fahr LLC, will not be playing any role in the campaign. She claimed that Steyer is on track to qualify for the next primary debate in September but provided no details. Hudson later confirmed Steyer’s decision to step down from CAP’s board.

Candidates trying to make the third debate in Houston must get at least 130,000 contributions from individual donors and hit above 2 percent in four eligible polls by August 28.

The Center for American Progress calls itself a nonpartisan progressive policy institute “that is dedicated to improving the lives of all Americans, through bold, progressive ideas, as well as strong leadership and concerted action,” its website reads.

Other members of the board include former Clinton campaign chairman John Podesta, former hedge fund executive Eric Mindich, Democratic donor Donald Sussman and businessman Glen Hutchins, who sits on the board of the Federal Reserve Bank of New York.

The groups most recent public tax return shows that CAP in 2017 spent $19 million on policy research programs involving a wide variety of progressive causes such as health care, immigration, open government, poverty and the environment.

CAP was embroiled in controversy in April when its news organization, ThinkProgress, took on progressive 2020 contender Senator Bernie Sanders. The group published an article and video that claimed that Sanders was trying to hide his status as a millionaire.

Sanders called out CAP and its affiliated group, Center for American Progress Action Fund, in a letter sent days after the article he described as a smear was published.

“The Center for American Progress is using its resources to smear Senator Booker, Senator Warren, and myself, among others. This is hardly the way to build party unity, or to win a general election,” he said at the time.

Tanden distanced CAP from the ThinkProgress article, noting it was “overly harsh” and that it doesn’t reflect who they are as an organization.

Since then, CAP has reportedly started the process of putting the news organization up for sale.


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: brian schwartz
Keywords: news, cnbc, companies, clintonlinked, tom, cap, progressive, center, american, steyer, amid, think, billionaire, board, progress, steps, president, clinton, campaign, tank, run


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Pakistan reacts to India’s revoking of Kashmir’s special status amid rising tensions

Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty ImagesPakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. Jammu and Kashmir is India’s only Muslim-majority s


Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty ImagesPakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. Jammu and Kashmir is India’s only Muslim-majority s
Pakistan reacts to India’s revoking of Kashmir’s special status amid rising tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, kashmirs, reacts, indias, rising, state, pakistan, tensions, amid, india, told, special, kashmir, jammu, international, indian, region, revoking, status


Pakistan reacts to India's revoking of Kashmir's special status amid rising tensions

Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty Images

Pakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. The Indian High Commissioner to Pakistan, Ajay Bisaria, was summoned by Islamabad’s ministry of foreign affairs. During that meeting, “the Foreign Secretary conveyed Pakistan’s unequivocal rejection of these illegal actions as they are in breach of international law and several UN Security Council resolutions,” Pakistan’s foreign ministry said in a statement. On Monday, Interior Minister Amit Shah told India’s parliament that the central government would scrap Article 370, a constitutional provision that allows Jammu and Kashmir to make its own laws and grants special rights and privileges to permanent residents of the state. The order was subsequently approved by the Indian president. Jammu and Kashmir is India’s only Muslim-majority state and is part of the broader disputed Kashmir region. Pakistan called for a joint session of its parliament on Tuesday while the country’s army chief summoned an important conference to discuss regional security, local media reported. Analysts told CNBC that Monday’s move in New Delhi will likely intensify the animosity between the nuclear-powered rivals who’ve fought multiple wars over Kashmir.

International pressure

Pakistan will likely increase diplomatic pressure on India by turning to the international community, experts said. “They will continue to raise this at multilateral forums, including the UN General Assembly, to bring diplomatic attention back to India’s actions,” Akhil Bery, South Asia analyst at risk consultancy Eurasia Group, told CNBC. India deployed tens of thousands of troops across the Kashmir Valley in anticipation of a backlash. Authorities also banned public movements, shut down schools and colleges indefinitely and put two former chief ministers of the state under house arrest ahead of the announcement. Moeed Yusuf, associate vice president of the Asia Center at the U.S. Institute of Peace, told CNBC that there will likely be “strong resistance” from locals inside India-controlled Kashmir. “If that happens, Pakistan is surely going to up the diplomatic temperature to raise UN concerns about the human rights aspects of the Indian crackdown,” he said. Bery added that many Kashmiris believe the special provisions are crucial to their identity and they have “long been weary of a strong influence from Delhi.”

Greater military activity along the border

Analysts said they expect greater military activity along the so-called Line of Control, which is the de facto border between the Indian and Pakistani parts of Kashmir, and more unrest in the region. Islamabad said Monday it would “exercise all possible options” to counter the move.

“It’s important to keep in mind that in Kashmir, there’s actually two levels — there’s a domestic level, which is between the central government and the state of (Jammu and) Kashmir. Then, there’s an international component between India and Pakistan,” Faisel Pervaiz, South Asia analyst at Stratfor, told CNBC’s “Squawk Box ” on Tuesday. Both Pakistan and India lay claim to the region in full but control only parts of it. Within the India-controlled region of Kashmir, an insurgency began in the late 1980s when some fought to join Pakistan and some fought for independence. India has accused Pakistan of backing separatists by arming and training them. Islamabad denies that and says it only offers political support to the Kashmiri people, according to Reuters. International agencies have raised concerns over violence and human rights in India-controlled Jammu and Kashmir, as well as in the Pakistan-controlled regions of Azad Kashmir and Gilgit-Baltistan. “There is a long-running insurgency in Kashmir and the question is that is there going to be an uptick in attacks?” Pervaiz said. “Because as we saw back in February, when an uptick in attack happens, that can rapidly escalate tensions.” In February, India and Pakistan carried out air strikes in each others’ territories after a terrorist attack in India-controlled Kashmir killed more than 40 security officers.

The US position


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, kashmirs, reacts, indias, rising, state, pakistan, tensions, amid, india, told, special, kashmir, jammu, international, indian, region, revoking, status


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Asia stocks slip amid US-China trade uncertainty

Shares in mainland China slipped on the day: The Shanghai composite shed 1.56% to about 2,777.56 while the Shenzhen component fell 1.39% to 8,859.47. The Shenzhen composite tumbled 1.777% to approximately 1,490.30. In Hong Kong, the Hang Seng index slipped 0.67% to close at 25,976.24, after earlier dropping more than 2%. Japan’s Nikkei 225 fell 0.65% on the day to 20,585.31 while the Topix index declined 0.44% to end its trading day at 1,499.23. In South Korea, the Kospi shed 1.51% to close at 1


Shares in mainland China slipped on the day: The Shanghai composite shed 1.56% to about 2,777.56 while the Shenzhen component fell 1.39% to 8,859.47. The Shenzhen composite tumbled 1.777% to approximately 1,490.30. In Hong Kong, the Hang Seng index slipped 0.67% to close at 25,976.24, after earlier dropping more than 2%. Japan’s Nikkei 225 fell 0.65% on the day to 20,585.31 while the Topix index declined 0.44% to end its trading day at 1,499.23. In South Korea, the Kospi shed 1.51% to close at 1
Asia stocks slip amid US-China trade uncertainty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: eustance huang
Keywords: news, cnbc, companies, trade, amid, slipped, composite, shed, earlier, index, stocks, asia, uschina, day, fell, shenzhen, slip, trading, uncertainty


Asia stocks slip amid US-China trade uncertainty

Asia markets pared earlier losses but still saw declines on Tuesday as the U.S.-China trade war intensified, after Beijing confirmed it is suspending agricultural product purchases in response to new American tariffs.

President Donald Trump said last week the U.S. is putting 10% tariffs on another $300 billion worth of Chinese goods starting Sept. 1.

Shares in mainland China slipped on the day: The Shanghai composite shed 1.56% to about 2,777.56 while the Shenzhen component fell 1.39% to 8,859.47. The Shenzhen composite tumbled 1.777% to approximately 1,490.30.

In Hong Kong, the Hang Seng index slipped 0.67% to close at 25,976.24, after earlier dropping more than 2%.

Japan’s Nikkei 225 fell 0.65% on the day to 20,585.31 while the Topix index declined 0.44% to end its trading day at 1,499.23.

In South Korea, the Kospi shed 1.51% to close at 1,917.50, Australia’s S&P/ASX 200 slipped 2.44% to finish its trading day at 6,478.10.

The MSCI Asia ex-Japan index declined 0.79%, as of 4:15 p.m. HK/SIN.

The Tuesday session in Asia followed overnight declines on Wall Street, where the Dow Jones Industrial Average plunged more than 700 points, the S&P 500 dropped nearly 3% and the Nasdaq Composite fell 3.5%. It was the worst percentage drop for all three indexes this year.


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: eustance huang
Keywords: news, cnbc, companies, trade, amid, slipped, composite, shed, earlier, index, stocks, asia, uschina, day, fell, shenzhen, slip, trading, uncertainty


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Here’s an under-the-radar way to play oil amid all the trade fears

Oil tumbled Monday, but one market expert has an under-the-radar way to play the commodity amid all the turmoil. That’s got Kevin O’Leary, chairman of O’Shares ETFs, suggesting an unconventional way to play the oil and energy space. And in this case, O’Leary thinks the best play is the Canadian stock market. In addition to the Canadian market, O’Leary said that the Australian stock market also moves closely to the price of oil. The energy ETF (XLE), however, has only rallied 3% this year, and en


Oil tumbled Monday, but one market expert has an under-the-radar way to play the commodity amid all the turmoil. That’s got Kevin O’Leary, chairman of O’Shares ETFs, suggesting an unconventional way to play the oil and energy space. And in this case, O’Leary thinks the best play is the Canadian stock market. In addition to the Canadian market, O’Leary said that the Australian stock market also moves closely to the price of oil. The energy ETF (XLE), however, has only rallied 3% this year, and en
Here’s an under-the-radar way to play oil amid all the trade fears Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: annie pei
Keywords: news, cnbc, companies, oil, undertheradar, amid, buy, trade, index, heres, market, oleary, canadian, stock, energy, play, fears, way, etf


Here's an under-the-radar way to play oil amid all the trade fears

Oil tumbled Monday, but one market expert has an under-the-radar way to play the commodity amid all the turmoil.

Concerns centered on growing trade tensions between the U.S. and China sent the commodity down more than 2% at its lows Monday while energy stocks tumbled along with it. The oil and gas exploration ETF (XOP) took a big hit in particular, plunging 4% to its lowest level in more than three years.

And according to Dave Nadig, managing director of ETF.com, the fundamental outlook for crude isn’t going to get much better.

“We’re in a global oil glut, and we’ve got OPEC trying to do something about it but all on the backs of Saudi Arabia,” he said on Monday’s “ETF Edge.” “That’s not going to last forever. I think there’s really nothing I can look at except maybe a calamity in the Persian Gulf that would drive oil up.”

Nadig also adds that “everything is pointing to oversupply” for the oil market, meaning that with supply outweighing demand, crude prices will struggle to rally, if they rally at all.

That’s got Kevin O’Leary, chairman of O’Shares ETFs, suggesting an unconventional way to play the oil and energy space.

“The time to buy oil is when everyone hates it, and they’re hating it a lot right now,” he said Monday on “ETF Edge.” “But you don’t have to buy oil itself. You can buy currencies and indices of countries that are basically tied and pegged to oil prices.”

In other words, O’Leary is suggesting turning toward countries whose markets are heavily correlated with oil prices. And in this case, O’Leary thinks the best play is the Canadian stock market.

“You can basically buy and transfer some dollars into Canadian dollars and buy an index like the XIU (the Toronto Stock Exchange ETF), which is a 60-stock Canadian index that is basically energy and banking, ” he said.

“But here’s the sweetener: If oil moves, you get a lift in the currency and you get a lift in the index, which is how I’m playing it,” O’Leary added.

In addition to the Canadian market, O’Leary said that the Australian stock market also moves closely to the price of oil.

Despite the recent volatility for crude, the commodity is still up 22% year to date. The energy ETF (XLE), however, has only rallied 3% this year, and energy is still the worst-performing sector in the S&P 500 this year.

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Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: annie pei
Keywords: news, cnbc, companies, oil, undertheradar, amid, buy, trade, index, heres, market, oleary, canadian, stock, energy, play, fears, way, etf


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Should you really do nothing amid market volatility? It depends on whether you’re 27 or 63

Amid troubles in the market, the most common advice is to do nothing. 40s-50s:LarsZahnerPhotography | Getty ImagesThe biggest mistake middle-aged investors can make is to sell at the bottom of a bear market, Sweeney said. “Most people still have 10 or more years until they retire, which is typically more than enough time to ride out a bear market,” he said. A bear market is said to have begun when a major index such as the S&P 500 drops more than 20%. That way if the bear market hits just before


Amid troubles in the market, the most common advice is to do nothing. 40s-50s:LarsZahnerPhotography | Getty ImagesThe biggest mistake middle-aged investors can make is to sell at the bottom of a bear market, Sweeney said. “Most people still have 10 or more years until they retire, which is typically more than enough time to ride out a bear market,” he said. A bear market is said to have begun when a major index such as the S&P 500 drops more than 20%. That way if the bear market hits just before
Should you really do nothing amid market volatility? It depends on whether you’re 27 or 63 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: annie nova
Keywords: news, cnbc, companies, really, amid, financial, cfp, youre, sweeney, market, cash, 63, depends, bear, portfolio, bellfy, getty, 27, volatility


Should you really do nothing amid market volatility? It depends on whether you're 27 or 63

Picture Alliance | Getty Images

As the trade war between the world’s largest economies rages on, your savings are likely taking a hit. The Dow Jones Industrial Average plunged more than 750 points on Monday, while the S&P 500 dropped nearly 3%. Amid troubles in the market, the most common advice is to do nothing. However, it can be helpful to turn your attention to your own financial goals and timeline. “If you have 40 years left to invest, a bear market right now is just noise and should be ignored — in fact, often celebrated,” said Doug Bellfy, a certified financial planner at Synergy Financial Planning in South Glastonbury, Connecticut. On the other hand, Bellfy said, “a stock market crash that starts the day after you retire can cause a permanent lifestyle impact if all your money is invested there.” Here’s what the ups and downs of the market mean for you, depending on your age.

20s-30s:

Svetkid | E+ | Getty Images

If you’re a young investor, your rate of return typically matters less than your savings rate, said James Sweeney, a CFP and founder of Switchpoint Financial Planning in Lehi, Utah. He provided an example: If you’re 30 with $20,000 invested, whether you earn a 10% or a 5% return will only result in a difference of around $1,000. But, Sweeney said, “if I can save aggressively, and put an extra $5,000 toward retirement, that has a much bigger effect on my portfolio value.” People in their 20s and 30s who are investing for retirement really are best off doing nothing as the market rages, said Alex Doll, a CFP and president of Anfield Wealth Management in Cleveland. When you put money into your 401(k) during a downturn, you’re actually taking advantage of a low-cost environment. However, you don’t want the money you need for near-term expenses in the stock market, because it has a greater chance of losing value, said Nicholas Scheibner, a CFP at Baron Financial Group in Fair Lawn, New Jersey. Keep the savings for, say, a home purchase within the year, in cash or CDs.

40s-50s:

LarsZahnerPhotography | Getty Images

The biggest mistake middle-aged investors can make is to sell at the bottom of a bear market, Sweeney said. “Most people still have 10 or more years until they retire, which is typically more than enough time to ride out a bear market,” he said. A bear market is said to have begun when a major index such as the S&P 500 drops more than 20%. After the 2008 downturn, when the S&P 500 plunged 56%, investment portfolios took between one and three years to recover (for asset allocations ranging from half stocks and half bonds, to 100% stocks), according to Vanguard. Do make sure you have enough cash reserves built up to cover your upcoming expenses, including school tuition and planned vacations, said Milo Benningfield, a CFP and founding principal of Benningfield Financial Advisors in San Francisco. “If not, consider raising cash from your portfolio now, rather than later after markets have fallen,” he said.

60s-70s:

Reza Estakhrian | Getty Images

As the stock market swings up and down, older investors should avoid complacency and tweak their portfolio to make sure they’re ready to exit the workforce, Bellfy said. “I find that investors that are getting close to retirement do sometimes need to be coaxed to reduce risk and build cash reserves,” he said. How much should you have in cash? At least two years’ worth of living expenses, according to Bellfy. “But more can be better if one has the ability to save up more,” he said. That way if the bear market hits just before you retire, you won’t need to dig into your portfolio at reduced prices. “Avoid the temptation to cash out your investments completely,” Benningfield said. “You may have another two to four decades of spending to cover.”

If you’re already in retirement:

Davids’ Adventures Photos | Moment | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: annie nova
Keywords: news, cnbc, companies, really, amid, financial, cfp, youre, sweeney, market, cash, 63, depends, bear, portfolio, bellfy, getty, 27, volatility


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