The planned meeting between President Donald Trump and his Chinese counterpart, Xi Jinping, at the annual G20 summit remains a high-stakes "will they, won't they" game.Trump said he wanted to meet with Xi later this month as trade tensions linger. Beijing has not confirmed any meeting, according to reports. And sources told Reuters this week that expectations were low that the leaders would...
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U.S. markets showed opening strength on Tuesday before closing slightly lower following renewed tariff threats with China. President Trump continued his stance that immediate tariffs would be imposed on a further $300 billion of Chinese goods if President Xi does not attend this month’s G-20 meeting.The Nasdaq was lower by a half-point, or 0.01%, following the fist half push to of 7,910. Lower...
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A Goldman Sachs stock portfolio that tracks industry-dominant “superstar” companies in the United States is beating the stock market over the last three years.Among the stocks on the list: Procter & Gamble, which dominates consumer products, Altria Group, which dominates tobacco, along with Google parent Alphabet and PepsiCo. These companies often benefit from a high share of industry...
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U.S. markets showed opening strength on Tuesday before closing slightly lower following renewed tariff threats with China. President Trump continued his stance that immediate tariffs would be imposed on a further $300 billion of Chinese goods if President Xi does not attend this month’s G-20 meeting.The Nasdaq was lower by a half-point, or 0.01%, following the fist half push to of 7,910. Lower...
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Stocks closed marginally lower on Tuesday, taking a breather after posting strong gains to start off June.The Dow Jones Industrial Average ended the day down 14.17 points at 26,048.51, erasing a gain of 185.99 points. The S&P 500 slipped less than 0.1% to 2,885.72 while the Nasdaq Composite finished just below breakeven at 7,822.57. The industrials sector was the biggest laggard in the...
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