Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
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Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
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Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
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Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
The Eaton Vance Global Macro Absolute Return Advantage Fund is up 6 percent in the last year and its manager credits the team's long and short approach to global markets for its success.
It's currently beating its benchmark, the Barclays Capital U.S. Aggregate Bond Index, which is down more than 8 percent in the same time period.
"We focus on country picking. We're really looking around the world at frontier, emerging and developed markets, and looking to take long and short positions in bond and currency markets," Eric Stein said in an interview with "Closing Bell. "
Right now, he likes interest rates in New Zealand, Poland and Brazil. He doesn't like the United States and Japan as much.
In fact, Stein thinks the end of the great bull market in U.S. bonds will probably happen this year if the Federal Reserve hikes interest rates.
"If they raise rates, I think you will see the front end of the curve sell off," he said.
While the Fed is looking to boost interest rates as the economy improves, other central banks around the world are easing. That divergence in monetary policy globally, along with an increase in volatility over the last couple of months has provided Stein better opportunities, he said.
"We're always looking for countries that are either improving their fundamentals where we can take long positions or in countries where fundamentals are going the other way that we can take short positions."