US airlines try to calm nervous travelers after fatal crash of Boeing 737 MAX jet in Ethiopia

U.S. airlines attempted Monday to assure nervous customers that the Boeing 737 MAX jets they fly are safe, a day after one of the new jets operated by Ethiopian Airlines crashed outside of Addis Ababa and killed all 157 people on board. “We have not relaxed our fare rules or restrictions at this point,” said Southwest Airlines spokesman Chris Mainz. The airline has 14 of the Boeing 737 MAX 8s in its fleet and has not changed its ticket-change polices as of Monday morning. The Association of Flig


U.S. airlines attempted Monday to assure nervous customers that the Boeing 737 MAX jets they fly are safe, a day after one of the new jets operated by Ethiopian Airlines crashed outside of Addis Ababa and killed all 157 people on board. “We have not relaxed our fare rules or restrictions at this point,” said Southwest Airlines spokesman Chris Mainz. The airline has 14 of the Boeing 737 MAX 8s in its fleet and has not changed its ticket-change polices as of Monday morning. The Association of Flig
US airlines try to calm nervous travelers after fatal crash of Boeing 737 MAX jet in Ethiopia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: leslie josephs, wang shoubao, xinhua news agency, getty images, tiksa negeri
Keywords: news, cnbc, companies, calm, travelers, airlines, fatal, jet, boeing, flight, southwest, safe, max, crash, 737, planes, nervous, ethiopia, try, attendants, united


US airlines try to calm nervous travelers after fatal crash of Boeing 737 MAX jet in Ethiopia

U.S. airlines attempted Monday to assure nervous customers that the Boeing 737 MAX jets they fly are safe, a day after one of the new jets operated by Ethiopian Airlines crashed outside of Addis Ababa and killed all 157 people on board.

Accident investigators from Ethiopia and the U.S. are looking for clues in what brought down the flight and analysts have cautioned that it’s too early to know the cause.

The crash has sparked concern among some flight attendants and members of the public, who asked airlines on social media whether these planes are safe and in some cases, whether they can switch their flights.

“We have not relaxed our fare rules or restrictions at this point,” said Southwest Airlines spokesman Chris Mainz. Southwest had 34 of Boeing 737 MAX 8 planes in its fleet of about 750 as of the end of last year and remains “confident in the safety and airworthiness” of its aircraft, the carrier said in a statement.

Southwest doesn’t charge flight-change fees like other airlines but passengers flying on different days and flights will have to pay a difference in fare.

American Airlines issued a similar statement and said it had full confidence in its planes and crewmembers. The airline has 14 of the Boeing 737 MAX 8s in its fleet and has not changed its ticket-change polices as of Monday morning.

Some cabin crewmembers have expressed concerns about the crash.

The Association of Flight Attendants, which represents 50,000 flight attendants at 20 airlines including United, said it was formally requesting that the Federal Aviation Administration investigate the plane. United operates a larger model of the Boeing 737 MAX.

“While it is important that we not draw conclusions without all of the facts, in the wake of a second accident, regulators, manufacturers and airlines must take steps to address concerns immediately,” said AFA’s international President Sara Nelson.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: leslie josephs, wang shoubao, xinhua news agency, getty images, tiksa negeri
Keywords: news, cnbc, companies, calm, travelers, airlines, fatal, jet, boeing, flight, southwest, safe, max, crash, 737, planes, nervous, ethiopia, try, attendants, united


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Treasury yields slightly lower amid reports of US-China trade progress

Investor focus was mostly attuned to global trade developments Monday, after a Wall Street Journal report overnight said that the U.S. and China were closing in on a deal. The paper reported Sunday that China had offered to lower tariffs on U.S. farm, chemical and auto products as part of a trade agreement, while the U.S. was considering removing most, if not all, duties imposed on Chinese products last year. Last week, the White House economic advisor, Larry Kudlow, told CNBC that Washington an


Investor focus was mostly attuned to global trade developments Monday, after a Wall Street Journal report overnight said that the U.S. and China were closing in on a deal. The paper reported Sunday that China had offered to lower tariffs on U.S. farm, chemical and auto products as part of a trade agreement, while the U.S. was considering removing most, if not all, duties imposed on Chinese products last year. Last week, the White House economic advisor, Larry Kudlow, told CNBC that Washington an
Treasury yields slightly lower amid reports of US-China trade progress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: ryan browne, rao aimin, xinhua news agency, getty images
Keywords: news, cnbc, companies, uschina, lower, china, washington, treasury, yields, products, progress, yearlast, white, bills, billion, slightly, reports, week, trade, amid


Treasury yields slightly lower amid reports of US-China trade progress

Investor focus was mostly attuned to global trade developments Monday, after a Wall Street Journal report overnight said that the U.S. and China were closing in on a deal.

The paper reported Sunday that China had offered to lower tariffs on U.S. farm, chemical and auto products as part of a trade agreement, while the U.S. was considering removing most, if not all, duties imposed on Chinese products last year.

Last week, the White House economic advisor, Larry Kudlow, told CNBC that Washington and Beijing were making “fantastic” progress in their negotiations.

Elsewhere, investors will likely monitor construction spending figures, which are due to be released at 10 a.m. ET.

Meanwhile, the Treasury is set to auction $48 billion in three-month Treasury bills and $39 billion in six-month bills on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: ryan browne, rao aimin, xinhua news agency, getty images
Keywords: news, cnbc, companies, uschina, lower, china, washington, treasury, yields, products, progress, yearlast, white, bills, billion, slightly, reports, week, trade, amid


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Vietnamese tanker bound for North Korea with gasoline cargo as Trump, Kim meet in Hanoi

A Vietnamese tanker was bound for North Korea carrying 2,000 tonnes of gasoline, Refinitiv shipping data showed, just as North Korean leader Kim Jong Un and U.S. President Donald Trump prepared for key talks on security and cooperation in the Vietnamese capital Hanoi. Under sanctions imposed by the United Nations, North Korea is heavily restricted in its imports of crude oil and refined petroleum products. The Viet Tin 01’s previous stops were Taiwan, Singapore and Bangladesh. She said the compa


A Vietnamese tanker was bound for North Korea carrying 2,000 tonnes of gasoline, Refinitiv shipping data showed, just as North Korean leader Kim Jong Un and U.S. President Donald Trump prepared for key talks on security and cooperation in the Vietnamese capital Hanoi. Under sanctions imposed by the United Nations, North Korea is heavily restricted in its imports of crude oil and refined petroleum products. The Viet Tin 01’s previous stops were Taiwan, Singapore and Bangladesh. She said the compa
Vietnamese tanker bound for North Korea with gasoline cargo as Trump, Kim meet in Hanoi Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: wang di, xinhua news agency, getty images
Keywords: news, cnbc, companies, trump, shipping, hanoi, gasoline, cargo, north, registered, meet, tanker, ships, viet, korea, kim, data, tin, vietnamese


Vietnamese tanker bound for North Korea with gasoline cargo as Trump, Kim meet in Hanoi

A Vietnamese tanker was bound for North Korea carrying 2,000 tonnes of gasoline, Refinitiv shipping data showed, just as North Korean leader Kim Jong Un and U.S. President Donald Trump prepared for key talks on security and cooperation in the Vietnamese capital Hanoi.

The vessel, the Viet Tin 01, arrived just outside the harbor of Nampo on North Korea’s western coast on Feb. 25 carrying 2,000 tonnes of gasoline, according to the data compiled by Refinitiv. The data tracks ships’ movements as well as providing details of their cargoes and official destinations as registered by shippers.

It wasn’t immediately clear whether the tanker unloaded cargo at Nampo.

Under sanctions imposed by the United Nations, North Korea is heavily restricted in its imports of crude oil and refined petroleum products.

Trump and Kim began a second day of talks on Thursday, with both sides expressing hope for progress on improving relations and the key issue of denuclearization in the pair’s second summit meeting.

The 5,000 deadweight tonne tanker – small by industry standards – was scheduled to deliver the fuel to Daesan in South Korea, according to its official destination registered in the shipping data. The vessel still showed Daesan as its destination as of Feb. 28, according to the data.

The Viet Tin 01’s previous stops were Taiwan, Singapore and Bangladesh. It was not immediately clear where the ship loaded the gasoline.

An official for the ship’s registered owner, Ho Chi Minh City-based Viet Trust Shipping Corp., said she was not aware of the ship’s whereabouts. She said the company owned two ships, the Viet Tin 01, and the Viet Tin Lucky, which is currently off the west coast of Thailand.

The Vietnamese foreign ministry did not respond to a request for comment.

News outlet NK Pro, which monitors North Korea developments, said in a report on Thursday “the transfer would likely push against U.N. resolutions” under which its fuel imports are restricted.


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: wang di, xinhua news agency, getty images
Keywords: news, cnbc, companies, trump, shipping, hanoi, gasoline, cargo, north, registered, meet, tanker, ships, viet, korea, kim, data, tin, vietnamese


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Trump tries to convince Kim that the summit is North Korea’s chance for an economic boom

When reclusive North Korean leader Kim Jong Un meets with U.S. President Donald Trump this week, he’ll be aiming for a much-needed economic boom for his country. Trump, who says his top priority is for Pyongyang not to conduct any more testing of ballistic missiles or nuclear weapons, may opt to use the lifting of economic sanctions as a negotiating tool with the pariah state, experts said. In fact, Trump has dangled the prospect of a stronger North Korean economy ahead of the talks in Hanoi, Vi


When reclusive North Korean leader Kim Jong Un meets with U.S. President Donald Trump this week, he’ll be aiming for a much-needed economic boom for his country. Trump, who says his top priority is for Pyongyang not to conduct any more testing of ballistic missiles or nuclear weapons, may opt to use the lifting of economic sanctions as a negotiating tool with the pariah state, experts said. In fact, Trump has dangled the prospect of a stronger North Korean economy ahead of the talks in Hanoi, Vi
Trump tries to convince Kim that the summit is North Korea’s chance for an economic boom Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: weizhen tan, wang di, xinhua news agency, getty images, -miha hribernik, head of asia at verisk maplecroft
Keywords: news, cnbc, companies, chance, nuclear, korean, weapons, great, trump, north, president, vietnam, economic, boom, kim, summit, tries, convince, koreas


Trump tries to convince Kim that the summit is North Korea's chance for an economic boom

When reclusive North Korean leader Kim Jong Un meets with U.S. President Donald Trump this week, he’ll be aiming for a much-needed economic boom for his country.

Trump, who says his top priority is for Pyongyang not to conduct any more testing of ballistic missiles or nuclear weapons, may opt to use the lifting of economic sanctions as a negotiating tool with the pariah state, experts said.

In fact, Trump has dangled the prospect of a stronger North Korean economy ahead of the talks in Hanoi, Vietnam. He tweeted hours before meeting Kim: “Vietnam is thriving like few places on earth. North Korea would be the same, and very quickly, if it would denuclearize. The potential is AWESOME, a great opportunity… ”

The U.S. president said in a separate Twitter post on Sunday: “Chairman Kim realizes, perhaps better than anyone else, that without nuclear weapons, his country could fast become one of the great economic powers anywhere in the World.”


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: weizhen tan, wang di, xinhua news agency, getty images, -miha hribernik, head of asia at verisk maplecroft
Keywords: news, cnbc, companies, chance, nuclear, korean, weapons, great, trump, north, president, vietnam, economic, boom, kim, summit, tries, convince, koreas


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A ‘shock and awe’ rally scenario that could rip the market 7% higher

The Trump administration and the Federal Reserve together could spark a “shock and awe” rally in stocks that would take the S&P 500 to the 3,000 level, according to a J.P. Morgan executive director. The S&P 500 closed Wednesday at 2,792, down a point. Bank reserves are a portion of the Fed balance sheet and are currently about $1.6 trillion. Crisafulli said that investors are wondering whether the S&P 500 will have a long pause below 2,800 or break out in another leg higher towards 2,850. “Botto


The Trump administration and the Federal Reserve together could spark a “shock and awe” rally in stocks that would take the S&P 500 to the 3,000 level, according to a J.P. Morgan executive director. The S&P 500 closed Wednesday at 2,792, down a point. Bank reserves are a portion of the Fed balance sheet and are currently about $1.6 trillion. Crisafulli said that investors are wondering whether the S&P 500 will have a long pause below 2,800 or break out in another leg higher towards 2,850. “Botto
A ‘shock and awe’ rally scenario that could rip the market 7% higher Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: patti domm, xinhua news agency, getty images
Keywords: news, cnbc, companies, higher, reserves, trump, sheet, upside, rally, rip, fed, sp, 500, balance, wrote, tariffs, scenario, market, shock, awe


A 'shock and awe' rally scenario that could rip the market 7% higher

The Trump administration and the Federal Reserve together could spark a “shock and awe” rally in stocks that would take the S&P 500 to the 3,000 level, according to a J.P. Morgan executive director.

That would represent a 7 percent gain from where the market was trading Wednesday. The S&P 500 closed Wednesday at 2,792, down a point.

“The ‘shock and awe’ upside scenario involves rescinding all US-China tariffs instantly, causing certain tariff-sensitive firms to raise 2019 guidance, while the Fed commits to keeping reserves at ~$1.3T+. If all this were to come to pass, then the SPX will easily make a run towards 3K,” wrote J.P. Morgan’s executive director Adam Crisafulli, in a note to clients.

Bank reserves are a portion of the Fed balance sheet and are currently about $1.6 trillion. That is the portion of the balance sheet that is is rolling down as part of its normalization process, and traders have been looking for detail on what level the Fed might stop the program.

President Donald Trump has indefinitely held off on new tariffs on Chinese goods that he had threatened for March 1 because trade talks are progressing toward a deal. However, analysts have said if he does not remove existing tariffs, the market will react negatively to any deal since tariffs have been hurting earnings and the economy.

“Fundamentals argue for the former as the three big stock tailwinds (the Fed Pivot, better earnings, and easing China trade tensions) are largely embedded within the SPX at current levels. There are scenarios whereby these issues could still surprise on the upside but the odds of them unfolding don’t seem great,” he wrote.

He noted that Powell said the Fed this week that the Fed could conclude balance sheet normalization at $1 trillion in reserves, plus a buffer.

Crisafulli said that investors are wondering whether the S&P 500 will have a long pause below 2,800 or break out in another leg higher towards 2,850.

But he noted the S&P is likely to consolidate the recent rally within the 2,750 to 2,800 range, until the Fed clarifies details of its plan for the balance sheet.

“Bottom Line: the Fed balance sheet specifics remains the next big macro event for US equities but this probably won’t arrive until the 3/20 meeting/press conf.,” Crisafulli wrote.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: patti domm, xinhua news agency, getty images
Keywords: news, cnbc, companies, higher, reserves, trump, sheet, upside, rally, rip, fed, sp, 500, balance, wrote, tariffs, scenario, market, shock, awe


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North Korea has been studying Vietnam’s reforms for years

“Reform is a difficult process – some gain or benefit, (others) will lose power.” U.S. President Donald Trump and North Korean leader Kim Jong Un are due to meet in Hanoi on Wednesday and Thursday. The North Korean delegations also studied how Vietnam managed to normalize political and economic relations with Washington, said Doanh, who is now senior fellow at the economic college of Hanoi National University. Vietnam’s economic transition has managed to “mobilize the whole dynamism, the creativ


“Reform is a difficult process – some gain or benefit, (others) will lose power.” U.S. President Donald Trump and North Korean leader Kim Jong Un are due to meet in Hanoi on Wednesday and Thursday. The North Korean delegations also studied how Vietnam managed to normalize political and economic relations with Washington, said Doanh, who is now senior fellow at the economic college of Hanoi National University. Vietnam’s economic transition has managed to “mobilize the whole dynamism, the creativ
North Korea has been studying Vietnam’s reforms for years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: huileng tan, wang di, xinhua news agency, getty images, -le dang doanh, former advisor to the vietnamese prime minister
Keywords: news, cnbc, companies, korea, economic, vietnam, pyongyang, managed, process, kim, studying, north, korean, vietnams, reform, reforms


North Korea has been studying Vietnam's reforms for years

“Reform is a difficult process – some gain or benefit, (others) will lose power.”

U.S. President Donald Trump and North Korean leader Kim Jong Un are due to meet in Hanoi on Wednesday and Thursday. It will be their second summit following last June’s meeting in Singapore. The key issues on the table will be the denuclearization of the Korean Peninsula, as well as sanctions on Pyongyang, which have taken a toll on the North’s economy.

The North Korean delegations also studied how Vietnam managed to normalize political and economic relations with Washington, said Doanh, who is now senior fellow at the economic college of Hanoi National University.

A series of reforms undertaken in the 1980s and 1990s paved the way for communist-controlled Vietnam to re-enter the global market and become one the region’s fastest growing economies.

Even in the midst of reforms, the Southeast Asia nation has managed to retain tight control over its people and economy, and is widely touted as a potential model for Pyongyang to follow.

Vietnam’s economic transition has managed to “mobilize the whole dynamism, the creativity and deliver the determination of the Vietnamese people to come to develop,” said Doanh. “I think it is a very good experience for North Korea.”

However, he cautioned: “Reform is a difficult process — some gain or benefit, (others) will lose power.”

North Korea’s Kim has allowed some markets in his country to develop, introduced more Special Economic Zones and called for factories to expand their product ranges to cater for diverse consumer tastes.

— Reuters contributed to this report.

Correction: This article has been updated to reflect the correct spelling of Kim Jong Un.


Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: huileng tan, wang di, xinhua news agency, getty images, -le dang doanh, former advisor to the vietnamese prime minister
Keywords: news, cnbc, companies, korea, economic, vietnam, pyongyang, managed, process, kim, studying, north, korean, vietnams, reform, reforms


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Cramer Remix: Don’t jump the gun—Nvidia’s stock isn’t done falling

For one, the announcement revealed some “obvious negatives,” Cramer said Tuesday on “Mad Money.” “That’s why the stock initially got slammed yesterday, … reversing all of its gains for the year,” he said. Because when companies pre-announce to the downside like Nvidia did yesterday, their stocks almost always take out their 52-week lows.” In Nvidia’s case, that 52-week low is $124.46, down about $7 from its Tuesday closing price of $131.60. And, in Cramer’s experience, when a company issues an


For one, the announcement revealed some “obvious negatives,” Cramer said Tuesday on “Mad Money.” “That’s why the stock initially got slammed yesterday, … reversing all of its gains for the year,” he said. Because when companies pre-announce to the downside like Nvidia did yesterday, their stocks almost always take out their 52-week lows.” In Nvidia’s case, that 52-week low is $124.46, down about $7 from its Tuesday closing price of $131.60. And, in Cramer’s experience, when a company issues an
Cramer Remix: Don’t jump the gun—Nvidia’s stock isn’t done falling Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: elizabeth gurdus, wang ying, xinhua news agency, getty images, adam jeffery, michaela rehle, christopher dilts, bloomberg
Keywords: news, cnbc, companies, dont, falling, cramer, 52week, jump, stock, isnt, gunnvidias, nvidias, markets, nvidia, yesterday, stocks, remix, think, worth


Cramer Remix: Don't jump the gun—Nvidia's stock isn't done falling

Even though CNBC’s Jim Cramer has long been a fan of Nvidia, a top chipmaker that dragged stocks lower Monday with a major revenue forecast cut, he understood why its stock has lost so much value.

For one, the announcement revealed some “obvious negatives,” Cramer said Tuesday on “Mad Money.” Chinese authorities have unexpectedly cracked down on video games, one of Nvidia’s key end markets; construction in another one of its key markets, the data center, has slowed; and the company still hasn’t completely gotten a handle on inventory overhangs with its cryptocurrency mining products.

The semiconductor maker is also in the midst of a transition that could add even more pressure: the shift from its current generation of graphics chips to its new Turing line of chips, which seem almost too advanced for the companies that need them now, Cramer said.

“That’s why the stock initially got slammed yesterday, … reversing all of its gains for the year,” he said. “That move actually made sense to me. […] Why? Because when companies pre-announce to the downside like Nvidia did yesterday, their stocks almost always take out their 52-week lows.”

In Nvidia’s case, that 52-week low is $124.46, down about $7 from its Tuesday closing price of $131.60. And, in Cramer’s experience, when a company issues an exceedingly negative pre-announcement, “you can’t pick at its stock until it takes out its 52-week lows.”

“Once Nvidia comes down to those levels, then there’s a case to be made that it might be worth nibbling at,” he said, adding that the stock’s late-Monday rally was a sign that buyers were way too eager. “Believe me, that weakness is worth waiting for, and [with] the bounce I expect from Apple and also the not-so-bad news from AMD? I think it’s going to happen. I don’t think it’ll be long-lived.”


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: elizabeth gurdus, wang ying, xinhua news agency, getty images, adam jeffery, michaela rehle, christopher dilts, bloomberg
Keywords: news, cnbc, companies, dont, falling, cramer, 52week, jump, stock, isnt, gunnvidias, nvidias, markets, nvidia, yesterday, stocks, remix, think, worth


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US-China trade problems are ‘only temporary’: Chinese executive

A senior executive at Chinese state-owned company CRRC Group said he was optimistic about Beijing and Washington finding a way to permanently resolve their ongoing trade dispute. The ongoing trade spat has battered financial markets in recent months, sparking concerns that a prolonged dispute could destabilize the world economy. But Sun Yongcai, general manager and deputy party secretary at CRRC Group, is not too worried. “I think the problems are only temporary,” Sun told CNBC’s Nancy Hungerfor


A senior executive at Chinese state-owned company CRRC Group said he was optimistic about Beijing and Washington finding a way to permanently resolve their ongoing trade dispute. The ongoing trade spat has battered financial markets in recent months, sparking concerns that a prolonged dispute could destabilize the world economy. But Sun Yongcai, general manager and deputy party secretary at CRRC Group, is not too worried. “I think the problems are only temporary,” Sun told CNBC’s Nancy Hungerfor
US-China trade problems are ‘only temporary’: Chinese executive Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: saheli roy choudhury, wang ping, xinhua news agency, getty images
Keywords: news, cnbc, companies, chinese, spy, group, world, trade, crrc, tariffs, temporary, problems, china, uschina, executive, company, rail


US-China trade problems are 'only temporary': Chinese executive

A senior executive at Chinese state-owned company CRRC Group said he was optimistic about Beijing and Washington finding a way to permanently resolve their ongoing trade dispute.

For its part, the U.S. has already put tariffs on $250 billion worth of Chinese goods while China retaliated with levies on $110 billion in American products targeting politically important industries such as agriculture. The ongoing trade spat has battered financial markets in recent months, sparking concerns that a prolonged dispute could destabilize the world economy.

But Sun Yongcai, general manager and deputy party secretary at CRRC Group, is not too worried.

“I think the problems are only temporary,” Sun told CNBC’s Nancy Hungerford at the World Economic Forum in Davos, Switzerland on Tuesday.

“The two countries are in the middle of discussions and negotiations. With the wisdom from both nations, I believe that we can reach an agreement that’s acceptable to both sides,” he said, according to a CNBC translation of his interview.

CRRC Group is the parent company of the publicly-traded CRRC Corporation, which is one of the world’s largest suppliers of rail transit equipment.

The Chinese company has manufacturing bases in Massachusetts and Chicago, and in recent years, notched up contracts to build subway rail cars for major U.S. cities such as Los Angeles, Boston and Chicago.

“Whether it’s our Springfield or our Chicago base … we produce, procure, manage and service locally,” Sun said. “Our two production bases hire locally as well — we employ over 300 people over there, which has contributed to local employment and the local community.”

However, the impact of the trade war has clearly been felt by the company.

State-owned media China Daily reported in March that the company was “concerned” that U.S. tariffs on Chinese rail equipment could impact the firm, and “bring about a whole market change.”

Reports said the levies affected a number of essential imported rail car parts that could potentially increase the cost of production. The Boston Globe also reported that CRRC wrote to the U.S. Trade Representative asking for exemptions on components imported from China, such as car frames, air ducts and boxes to hold batteries.

The U.S. has long accused China of technology theft and espionage, key sticking points in the current trade negotiations between the two economic powerhouses. China has consistently denied those allegations.

Earlier this month, reports said experts were concerned that rail cars built by the company in the U.S. could potentially be used to spy on American interests, but Sun tried to allay those fears.

“We have heard such claims that CRRC trains can spy on passengers or obtain information,” Sun said. “This is not true. The key for a company or a product is whether or not they in the trust of the consumers.”


Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: saheli roy choudhury, wang ping, xinhua news agency, getty images
Keywords: news, cnbc, companies, chinese, spy, group, world, trade, crrc, tariffs, temporary, problems, china, uschina, executive, company, rail


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This wacky daily trading strategy posted a 13% return in this rough year

According to Bespoke Investment Group, if one had implemented this so-called after hours strategy every day in 2018, it could’ve posted a 13.3 percent return. “This has really been an intraday bear market, with more than 100 percent of the selling coming during regular trading hours. Since SPY’s peak on Sep. 20, you’d still be up 3.3 percent if you only owned outside of regular trading hours!” However, this trading strategy doesn’t entail any fundamental backing so it is likely impossible to pre


According to Bespoke Investment Group, if one had implemented this so-called after hours strategy every day in 2018, it could’ve posted a 13.3 percent return. “This has really been an intraday bear market, with more than 100 percent of the selling coming during regular trading hours. Since SPY’s peak on Sep. 20, you’d still be up 3.3 percent if you only owned outside of regular trading hours!” However, this trading strategy doesn’t entail any fundamental backing so it is likely impossible to pre
This wacky daily trading strategy posted a 13% return in this rough year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: yun li, xinhua news agency, getty images
Keywords: news, cnbc, companies, open, posted, hours, trading, 13, day, regular, 500, market, sp, wacky, selling, daily, rough, return, strategy


This wacky daily trading strategy posted a 13% return in this rough year

Buy the S&P 500 at the close every day and sell it at the next open. Sounds wacky? You could have outperformed the market by 20 percent.

According to Bespoke Investment Group, if one had implemented this so-called after hours strategy every day in 2018, it could’ve posted a 13.3 percent return.

“This has really been an intraday bear market, with more than 100 percent of the selling coming during regular trading hours. Since SPY’s peak on Sep. 20, you’d still be up 3.3 percent if you only owned outside of regular trading hours!” said a team of analysts at Bespoke in a note on Monday.

If one had bought the S&P 500 at the open every day and sold at the close, they would’ve lost 20.4 percent.

Intraday selling has been prominent especially in the fourth quarter as big investors rushed out of the market and tax loss selling intensified at the year end. It has been otherwise tough to reap a profit in the stock market this year as the S&P 500 has lost more than 7 percent on trade disputes and slowing economic growth.

However, this trading strategy doesn’t entail any fundamental backing so it is likely impossible to predict whether it would keep working in the new year. In addition, it does not account for trading costs, which could add up with excessive buying and selling every day.

But in theory, it was a rare strategy that worked in 2018.


Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: yun li, xinhua news agency, getty images
Keywords: news, cnbc, companies, open, posted, hours, trading, 13, day, regular, 500, market, sp, wacky, selling, daily, rough, return, strategy


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Nervous investors need to decide if ‘going to cash’ is best choice

Nervous investors beware: If you’re seeking some shelter from market volatility, fleeing stocks for cash could put a dent in your long-term savings goals. With that said, worried investors may decide to “go to cash.” A cash investment is basically a short-term obligation, usually about 90 days. Cash investments generally offer a low return compared to other investments. Of course, the market roller coaster ride may have investors thinking of some safe havens.


Nervous investors beware: If you’re seeking some shelter from market volatility, fleeing stocks for cash could put a dent in your long-term savings goals. With that said, worried investors may decide to “go to cash.” A cash investment is basically a short-term obligation, usually about 90 days. Cash investments generally offer a low return compared to other investments. Of course, the market roller coaster ride may have investors thinking of some safe havens.
Nervous investors need to decide if ‘going to cash’ is best choice Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-20  Authors: darla mercado, xinhua news agency, getty images, photo, ariel skelley via getty images, peopleimages, -benjamin brandt, cfp, founder of capital city wealth management
Keywords: news, cnbc, companies, nervous, investment, best, going, need, return, low, market, youre, decide, cash, withof, choice, investors, investments, worried


Nervous investors need to decide if 'going to cash' is best choice

Nervous investors beware: If you’re seeking some shelter from market volatility, fleeing stocks for cash could put a dent in your long-term savings goals.

With that said, worried investors may decide to “go to cash.” So, what exactly does that entail?

A cash investment is basically a short-term obligation, usually about 90 days. It provides a return in the form of interest payments. Cash investments generally offer a low return compared to other investments. They are also associated with very low levels of risk and are often Federal Deposit Insurance Corp-insured.

Financial experts urge investors not to act without a plan. Advisors say you should not change your current investment strategy if it was well thought out to begin with.

Of course, the market roller coaster ride may have investors thinking of some safe havens. The Dow Jones Industrial Average fell by more than 400 points Thursday afternoon.


Company: cnbc, Activity: cnbc, Date: 2018-12-20  Authors: darla mercado, xinhua news agency, getty images, photo, ariel skelley via getty images, peopleimages, -benjamin brandt, cfp, founder of capital city wealth management
Keywords: news, cnbc, companies, nervous, investment, best, going, need, return, low, market, youre, decide, cash, withof, choice, investors, investments, worried


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