• Defense stocks jump after Trump calls off North Korea talks

    4 monthes ago - By Business Insider

    President Donald Trump cancelled his meeting with North Korean Leader Kim Jong-Un.
    Defense stocks are gaining Thursday.
    Watch the Spider S&P Aerospace & Defense ETF trade in real time here.
    Defense stocks are rallying Thursday after President Donald Trump cancelled his meeting with North Korean leader Kim Jong-Un .
    "Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate, at this time , to have this long planned meeting," Trump wrote in a statement.
    Here's the scoreboard:
    SPDR S&P Aerospace & Defense ETF: +0.54%
    Raytheon...
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  • Stocks fall after US cancels North Korea summit

    Stocks fall after US cancels North Korea summit

    4 monthes ago - By Business Insider

    Stocks closed lower Thursday as heightening tensions between the US and North Korea spooked markets. Gold spiked, and oil fell. The 10-year Treasury yield slipped below 3%.
    Here's the scoreboard:
    Dow Jones Industrial Average : 24,817.33 −69.48
    S&P 500 : 2,726.65 -6.64
    AUD/USD : 0.7577 0.0013
    ASX 200 SPI futures: 6,010.0 -12.5
    Trump canceled a planned summit between the US and North Korea. Trump cited "open hostility" in a recent Pyongyang statement as he scrapped the high-stakes meeting. Defense stocks rallied following the news.
    The Justice Department reportedly opened a criminal...
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  • Dow, S&P 500 edge down after Trump cancels North Korea summit; Netflix gains

    Dow, S&P 500 edge down after Trump cancels North Korea summit; Netflix gains

    4 monthes ago - By Reuters

    NEW YORK - U.S. stocks mostly eased on Thursday after President Donald Trump canceled a planned summit with North Korea's Kim Jong Un and ordered a probe of auto imports, while gains in Netflix pushed its market value to a record.
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  • These Stocks Are Getting Hit Hardest by the North Korea Summit Cancellation

    4 monthes ago - By Fortune

    Stocks plummeted Thursday, following President Donald Trump's cancellation of the much-anticipated summit with North Korean leader Kim Jong-un.
    Trump canceled the June 12 meeting due to " the tremendous anger and open hostility " towards his administration in Kim's latest statement.
    The North Korea-U.S. summit cancellation only accelerated an already low market responding to a slide in oil prices and uncertainty surrounding possible new tariffs on auto imports as earlier trade negotiations with China dwindled.
    As of 1:37 p.m. ET, the Dow Jones Industrial Average was down 83.13, or .33%, at...
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  • Experts say Trump's decision to pull out of Kim Jong Un summit was right, but North Korea may still benefit

    Experts say Trump's decision to pull out of Kim Jong Un summit was right, but North Korea may still benefit

    4 monthes ago - By Business Insider

    President Donald Trump on Thursday sent a letter to North Korean leader Kim Jong Un cancelling a planned summit that was set to be held in Singapore on June 12. He apparently did not warn South Korea about this decision.
    Experts say this could benefit North Korea and China.
    South Korean President Moon Jae-in, who met with Trump earlier this week to try and save the summit, called an emergency meeting after reportedly being caught by surprise over Trump's decision to cancel the meeting.
    President Donald Trump's Thursday decision to cancel his planned summit with North Korean leader Kim Jong...
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  • Trump wants to slap massive tariffs on imported cars and trucks - here's who would lose the most

    Trump wants to slap massive tariffs on imported cars and trucks - here's who would lose the most

    4 monthes ago - By Business Insider

    President Donald Trump is considering slapping tariffs on imported cars and trucks.
    Some countries would stand to lose a lot from a tariff on vehicles.
    The biggest losers from a auto tariff would all be US allies: Mexico, Canada, Japan, Germany, and South Korea.
    The newest target in President Donald Trump's ongoing trade fight is imported cars and trucks. That already has some of the US's closest allies a bit nervous.
    Trump said Wednesday that the Commerce Department is investigating possible trade actions on imported vehicles and the administration is reportedly mulling a 25% tariff, or...
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  • Gold and Defense Stocks Rise as Donald Trump Cancels North Korea Summit

    4 monthes ago - By Fortune

    Following President Donald Trump's letter on Thursday canceling the summit with North Korean leader Kim Jong Un next month, investors appear to be bracing for more rockiness ahead.
    The cancellation is the latest development in talks to potentially denuclearize North Korea. The nation and its southern sister vowed to work on removing nuclear weapons on the peninsula, and broker a potential peace treaty with the U.S.
    The Dow Jones Industrial Average shed about 100 points by noon to 24,803, while “safe haven” asset, gold, inched up by 1%. At the same time, investors preparing for potentially...
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  • Donald Trump Pardons Legendary Jim Crow-Era Boxer Jack Johnson

    4 monthes ago - By Fortune

    Three hours after canceling a summit with North Korean leader Kim Jong Un, and minutes after rolling back major parts of the Dodd-Frank law, all while markets continue to swirl over possible import tariffs on foreign cars, President Trump took a moment to pardon legendary Jim Crow-era boxer Jack Johnson.
    Trump, flanked by boxing royalty from Lennox Lewis to Deontay Wilder to Rocky himself, Sylvester Stallone, signed a full posthumous pardon for Johnson, a black boxer and former heavyweight champion. Trump last month credited Stallone, the actor who portrayed Rocky Balboa in the iconic film...
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  • Just when the markets thought it was safe, Trump's new trade war threat could trigger 'economic and diplomatic destruction'

    4 monthes ago - By Chron

    Chip Somodevilla/Getty Images
    President Donald Trump said the US is considering trade restrictions on imports cars, trucks, and other vehicles.
    According to reports, Trump is thinking of slapping a 25% tariff on imported vehicles.
    Trade experts say the move could lead to an economic disaster for the US and lead to retaliation from key allies.
    President Donald Trump's unexpected announcement that the US would consider tariffs on imports of foreign vehicles has raised red flags among trade experts and prompted new fears of a trade war with some of America's closest allies.
    Trump said he...
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  • Wall Street dips after Trump cancels North Korea summit, targets car imports

    4 monthes ago - By Reuters

    U.S. stocks dropped on Thursday, but were well off the session lows hit after President Donald Trump canceled a summit with North Korea's Kim Jong Un and threatened to impose tariffs on auto imports.
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  • Donald Trump Declares Military ‘Ready' After Kim Jong Un Summit Collapses

    4 monthes ago - By Fortune

    President Donald Trump called the collapse of a planned summit with Kim Jong Un a setback for both North Korea and the world, and said the U.S. military is ready if necessary in the event of a conflict on the Korean peninsula.
    "While many things can happen and a great opportunity lies ahead, potentially, I believe this is a tremendous setback for North Korea and indeed a setback for the world," Trump said at the White House hours after releasing a letter to Kim canceling the meeting.
    Trump said he had spoken with Defense Secretary Jim Mattis and the leaders of South Korea and Japan. The...
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  • Trump Study Could Lead To 25% Tariff On All Imported Cars. Could The Next Recession Be Far Behind?

    4 monthes ago - By Forbes

    So, if the 25% tariff were imposed, the price of a Buick Envision front-wheel drive would jump from about $35,000 today to more than $42,000. The all-wheel drive version, now selling at about $38,700, according to TrueCar.com, would be $46,000 or higher.
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  • GM looks like a 'net winner' if Trump's auto tariffs happen

    GM looks like a 'net winner' if Trump's auto tariffs happen

    4 monthes ago - By Business Insider

    President Donald Trump is considering a 25% tariff on imported autos.
    This could be a tailwind for General Motors , because GM produces most of its vehicles in the US.
    But there's one caveat.
    Watch GM trade in real time here .
    Beneath all of the rubble and noise about the US's trade negotiations with foreign partners are a few corporate winners in the US. One of those winners could be General Motors .
    On Wednesday, President Donald Trump announced he's considering a tariff of up to 25% on imported autos. And according to Charlie Chesbrough, senior economist at Cox Automotive, GM is "probably
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  • Wall Street slips as Trump cancels North Korea summit, targets car imports

    4 monthes ago - By Reuters

    U.S. stocks fell on Thursday after President Donald Trump canceled a planned historic summit with North Korean leader Kim Jong Un and threatened tariffs on auto imports while trade tensions with China simmered.
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