President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Gun stocks were rising broadly Tuesday on news that firearms background check data for last month rose nearly 5 percent. The latest figures represented the second-highest May on record.
Firearms makers Smith & Wesson and Sturm Ruger were both up about 2 percent midday. Also, , which gets about 20 percent of its revenue from firearms and ammunition sales, was up about 1.5 percent midday, while Sportsman's Warehouse, another gun retailer, was up nearly 3 percent. (Tweet This)
Analysts use the firearms background data as a leading indicator for sales performance in the firearms/ammunition business.
The National Instant Criminal Background Check System (NICS) data, showed there were 918,707 adjusted firearms background checks in May 2015, representing a 4.7 percent increase over the same period a year ago. The latest month represented the second-highest May on record for the 17-year-old system. By comparison, NICS adjusted data showed a 0.1 percent decrease in April compared with a year earlier and a 3 percent decrease in March.
D.A. Davidson analyst Andrew Burns said in a note Tuesday that the latest "industry data and commentary continues to support the view that the hunting equipment market is improving with each passing quarter."
Meanwhile, Dougherty & Co. analyst Andrea James said in a note Tuesday that the May figures were "not a blowout but slightly above our expectation." Additionally, she said, "Firearms trends continue to normalize after the 2013 surge" and that "long-term demographics trends support increased firearms ownership for sport shooting and home protection."
The adjusted firearms data is supplied by the National Shooting Sports Foundation (NSSF) and based on the Federal Bureau of Investigation's published NICS information. The NSSF-adjusted data remove concealed carry weapon permit background checks.