News and Trends

China hits back: It will impose tariffs on $60 billion worth of US goods effective Sept. 24- CNBC--9.18.18
China has announced that it will institute new tariffs on U.S. goods worth $60 billion beginning on September 24th. According to Reuters, the tariff rate will range between 5 to 10 percent on a list of 5,207 U.S. products.

‘Unprecedented’ Government Spending Spree Picks Up Speed- Next Gov--9.18.18
The federal government is primed to spend as much as $300 billion in the fourth quarter of 2018. The spending spree is the product of the budget agreement coupled with funding increases.

Stocks fall after Trump says US-China trade announcement coming after the bell- CNBC--9.17.18
The stock market closed lower after President Trump said he will make an announcement regarding U.S. -China trade after the markets close.

THE BIG ONE: Trump is set to slam China with tariffs on $200 billion worth of goods, taking the trade war to the next level- Business Insider--9.17.18
President Donald Trump is expected to hit China with tariffs on another $200 billion worth of Chinese goods, which is seen as a major escalation in the U.S.-China trade war.

Trump reportedly wants to push forward with tariffs on $200 billion worth of Chinese goods despite new trade talks- Business Insider--9.14.18
President Donald Trump has instructed aides to move forward with tariffs on $200 billion worth of Chinese goods despite new trade talks with Beijing.

Evacuating due to Hurricane Florence? Include these items in your ‘financial go-bag’- Market Watch--9.14.18
More than 1 million people were ordered to evacuate as Hurricane Florence moves towards the Carolinas. Having a "financial go bag" ready is crucial to ensure that they can bounce back financially following a major disaster.

A cyberattack could trigger the next financial crisis, new report says- CNBC--9.13.18
According to a new report, a cyberattack could have the potential to trigger the next financial crisis. Cyber attacks have consistently been ranked as the number one concern by repsondents to Depository Trust's Systemic Risk Barometer since the survey began in 2013.

$250 Trillion in Debt: the World’s Post-Lehman Legacy- Bloomberg Opinion--9.13.18
How can the Federal Reserve know how to reverse its extraordinary monetary stimulus? Global debt has now ballooned over the past two decades: from $84 trillion at the turn of the century, to $173 trillion at the time of the 2008 crisis, to $250 trillion a decade after the Lehman Brothers collapse.

America moves closer to being a cashless society- Market Watch--9.11.18
Cashless commerce is becoming more popular around the country. However, 7% of the population is still unbanked, meaning they live an all-cash life and would be shut out of a cashless society.

The next financial crisis ‘will be more severe’ socially and politically, says billionaire investor Dalio- Market Watch--9.11.18
Ray Dalio, billionaire and founder of the world's largest hedge fund sees the next crisis as "inevitable." In a recent interview, Dalio says he believes the current economic cycle is in the seventh inning.

6 signs we're closer to the next recession than you think- USA Today--9.5.18
The U.S. is in the middle of its second-longest economic expansion in history and chances are its going to come to an end sooner rather than later. Recessions are inevitable and we're probably closer to the next one that we think.

Emerging markets look sick. Will they infect Wall Street?- CNN Money--9.5.18
Vulnerable currencies around the world have plunged as the U.S. Federal Reserve steadily raises interest rates. The trouble could soon spread into other emerging markets or even Wall Street.

Global debt soars, along with fears of crisis ahead- SF Gate--9.3.18
Growing debt burdens in key developing countries are fueling fears of a new crisis. The loss of investors confidence in the Turkish lira is only a preview of debt problems that could engulf other major countries.

Global finance 'as vulnerable' as in 2008: ex-ECB chief- Yahoo! Finance--9.3.18
Too much debt has made the financial system as vulnerable as it was back in 2008, according to Europe's top central banker. The current state of the global financial system is "at least as vulnerable as it was in 2008, if not more so" according to the banker.

Consumer spending increases strongly; inflation rising - CNBC--8.30.18
Minutes of the Fed's July 31-Aug 1 meeting showed some policymakers are becoming worried that "a prolonged period in which the economy operated beyond potential could give rise to inflationary pressures."

Argentina hikes interest rate to 60% as its currency plunges - CNN Money--8.30.18
Argentina's central bank has jacked up its key interest rate by 15 points to 60% and officials have promised to leave the rate that high until December in an effort to stop the collapse of the Argentine peso, which has fallen by almost 50% against the U.S. dollar in the last year.

The 60 events that could rattle stock markets and investors in the months ahead: Nomura- Market Watch--8.29.18
The next few months will offer no less than 60 events that need to be priced into markets. September alone holds a host of events that traders need to watch out for.

September is always a tough month for stocks but this year there are even more land mines- CNBC--8.29.18
Stocks are about to enter the typically rocky month of September at historic highs. This year however, the odds are even greater than normal that something big could jolt the markets.

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