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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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China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
On Monday, well-known investor Warren Buffett recently revealed he has purchased stock in airlines, a move that United Airlines CEO Oscar Munoz likened to a "Good Housekeeping seal of approval" for the industry and his company.
"It also provides what I call an anchor tenant in this industry and our stock," he said during a Tuesday interview on CNBC's "Closing Bell."
Buffett revealed that he has purchased a stake in the four major airline companies — American Airlines, United Continental Holdings, Delta Air Lines and Southwest Airlines. It is a reversal of a long-held stance for Buffett after an investment in US Airways in 1989 turned out to be a headache for the Berkshire Hathaway CEO.
News of Buffett's investment sent airline stocks sharply higher. The S&P airlines industry is up 4.9 percent week to date, while United Continental has risen 9.6 percent.
Regarding the impending Donald Trump presidency, Munoz said he is wait-and-see mode.
"We are very focused on running a great airline, but at the same time, we will obviously be monitoring and closely watching what this new administration might or might not do," he said.