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
The Tax Cut and Jobs Act proposed by House Republicans last week could be a "significant source of upside" for U.S. equities, according to one of JPMorgan's top analysts.
The corporate portion of the plan will prove "meaningful" and could boost S&P 500 earnings by as much as $12 per share, according to Dubravko Lakos-Bujas, JPMorgan's U.S. head of Equity Strategy.
"Given the current plan is more aggressive than the original House Blueprint, we now expect a larger upside for the market," wrote Lakos-Bujas on Wednesday. "This catalyst could trigger significant rotations with elevated dispersion across style, sector, and size, which could represent an opportunity for active managers."
Even though cost-effective passive management has grown popular in recent years, a marked shift in sector leaders could be just the nudge investors need to give active management a second look. As major tax cuts tend to benefit domestic companies with higher effective rates, Wall Street traders may want to keep an eye on two sectors in particular.