Economy

China imposing new tariffs on U.S. products in retaliation of Trump tariffs
President Xi
CBSNews | China says it's rolling out new tariffs on U.S. meat, fruit and other products as retaliation against taxes approved by President Trump on imported steel and aluminum. The Chinese finance ministry says in a statement...
$13 Billion Net Worth Loss As Amazon Crashes
Amazon
ZeroHedge | Amazon shares are down 7% today and almost 11% in the last two days, breaking below its 50DMA, amid a broad tech unwind contagion and growing concerns about government crackdowns from "obsessed" Trump. The reason is...
China Moves To Destroy US Dollar As They Launch The Gold-backed Petro-Yuan
Yuan
FreeThoughtProject | In a massive move against the global dominance of the U.S. dollar, China’s highly anticipated Petro-Yuan has been launched in Shanghai. With China being the world’s largest consumer of oil, this new currency is an...
China names 128 US products that could be subjected to new tariffs
WashingtonExaminer | China’s commerce ministry has named 128 U.S. products with an import value of $3 billion that could be subjected to new tariffs, responding to the Trump administration’s push to impose tariffs on Chinese imports. The...
Californians fed up with housing costs and taxes are fleeing state in big numbers
CNBC | A property for sale in Monterey Park, California Californians may still love the beautiful weather and beaches, but more and more they are fed up with the high housing costs and taxes and deciding to flee to lower-...
Trump: "Amazon Pays Little Or No Taxes, Puts Thousands Of Retailers Out Of Business"
Amazon
ZeroHedge | Update: If President Trump's tweet was not enough, White House spokesperson Raj Shah has just confirmed that tax policies need to catch up to Amazon, and President Trump would support tax changes aimed at leveling the...
Tesla Bonds 'Riskier' Than Ukraine As Company Pleads Ignorance Over Fatal Crash
Cars
ZeroHedge | As we detailed earlier, a fatal crash earlier this month that left a Tesla Model X smouldering on the shoulder of the southbound lane of Highway 101 in Mountain View has hammered Tesla shares to their lowest level in a...
US, China Said To Near Deal To Avert "Tit-For-Tat" Trade War
China
ZeroHedge | With its long-anticipated petroyuan contract only hours old, senior government officials in Beijing are reprotedly working with the US to try and reach an agreement that would stave off a tit-for-tat trade war between...
China Unveils How It Will Retaliate To US Tariffs, USDJPY Snaps
China Shipping
ZeroHedge | While it will hardly come as a surprise considering that trade wars always evolve in an escalating tit-for-tat manner, the WSJ reports that just hours ahead of Trump's announcement of as much as $60 billion in tariffs...
65% of Americans save little or nothing—and half could end up struggling in retirement
Airlift
CNBC | Despite a low unemployment rate and increasing wage growth, Americans still aren't saving much. That's according to a new survey from Bankrate.com, which found that 20 percent of Americans don't save any of their...
Trump blocks Broadcom-Qualcomm deal, citing national security concerns
Qualcomm
CNBC | President Donald Trump killed Broadcom's proposed buyout of Qualcomm, citing national security concerns, according to a statement issued by the White House on Monday. "There is credible evidence that leads me to believe...
Crypto Carnage Continues - Bitcoin Below $9000
Bitcoin
ZeroHedge | After a triple whammy of FUD this week (SEC crackdown, Mt.Gox overhang, and Japan shutdowns), cryptocurrencies are seeing broad-based selling pressure (majors down around 20-25%) with Bitcoin back under $9000....
Rand Paul Breaks With Trump: Warns ‘US Will Lose A Trade War’
Infowars.com | Senator Rand Paul has warned that the US is in grave danger of coming out second best if President Trump pursues a trade war through tariffs. Appearing on Fox News, Paul outlined his disagreement with Trump’s trade...
Europe Will Retaliate To Trump Trade War With 25% Tariffs Targeting GOP States
Container
ZeroHedge | Follo wing through with threats of retaliation made earlier in the week, the European Union on Tuesday is preparing punitive tariffs on iconic US brands produced in Republican-controlled states as US trade partners try...
Trump To Name Larry Kudlow As Economic Advisor
Kudlow
CNBC | President Donald Trump plans to name Larry Kudlow as his top economic advisor, sources told CNBC. Trump could announce his decision to choose Kudlow as his National Economic Council director as soon as Thursday. The...
The Real Retirement Crisis: The Elderly Are Broke
GoldTelegraph | A study released by GoBankingRates reveals that older people planning their retirement have cause for concern. Forty-two percent of Americans are facing their golden years with less than $10,000 in savings. A lack of...
The $233 Trillion Dollar Dark Cloud Of Global Debt
Clouds Manhatten
GoldTelegraph | Global debt has reached record heights without any signs of relief. While central bankers try to explain away the phenomenon of these out-of-control numbers, it’s not much of a mystery. Immediate consumption with the...
Rand Paul Adds 'Audit The Fed' Amendment To Senate Banking Bill
Rand Paul
TruthinMedia | Senator Rand Paul (R-KY) announced on March 5 that he will introduce his “Audit the Fed” legislation, which would permit a full audit of the Federal Reserve System, as an amendment to the Senate Banking Bill. The Senate...