Investors are also digesting another snippet of information on trade talks between the U.S. and China. White House officials are saying that top U.S. trade and economic officials will visit China late next week for another round of negotiations. Wall Street is hoping for a resolution to the damaging trade war between the world's largest economies, which has made goods more costly for companies and consumers.
FedEx plunged after the company told investors that weak economic growth and higher costs will continue to cut into profit and revenue. General Mills blew away profit forecasts for the third quarter as higher prices on some of its products lifted revenue.
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Stocks are up as traders shift focus to see just how 'patient' the Fed will be'The prospect of low rates for longer is music to the ears of equities, as firms benefit from lower borrowing costs,' said Jasper Lawler at London Capital Group. Most millennials can't afford stock investments. Our poor asses won't invest in your companies. This is what happens when your country allows borderline slave labor. We are only as rich as our poorest citizen. We could be so much better. I agree. Fed is a massive problem
Source: BusinessInsider - 🏆 729. / 51 Read more »
Feds raided Trump fundraiser's office after megadonor allegedly tried to sell access to foreigners: ReportElliott Broidy, an ally of President Donald Trump who was previously the national deputy finance chairman of the Republican National Committee, was part of an investigation into whether he tried to sell access to the president. If you can’t trust a man who smiles like the fuckin’ Joker, then who can you trust? 😳 LETS GO..GO..GO..GO.......
Source: Newsweek - 🏆 468. / 52 Read more »