‘Big Short’ investor Steve Eisman: Tariffs are my only concern
Finance
China’s Li urges not to turn trade into a political or security issue
Key Points Chinese Premier Li Qiang speaking at the opening plenary of the World Economic Forum’s annual conference in China, often dubbed “Summer Davos.” Engaging in the international economy is a way of “reshaping the rules and order,” Li said. Source
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Finance
China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
Key Points China is introducing ways to bolster yuan’s usage as confidence in the U.S. dollar falters. Three major Chinese exchanges have allowed certain foreign institutional investors to trade more futures and options contracts listed in mainland China. From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to accelerate international […]
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Finance
Stocks making the biggest moves midday: Uber, Carnival, Advance Auto Parts, Snowflake and more
Check out the companies making the biggest moves midday: Carnival — The cruise line jumped nearly 7% after beating second-quarter earnings and revenue that topped analysts’ expectations. Carnival reported adjusted earnings of 35 cents per share on revenue of $6.33 billion. Analysts were expecting earnings of 25 cents per share on revenue of $6.21 billion, […]
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