Maersk containers aboard the Hammonia Husum container ship as it leaves the port of Portsmouth. (Photo by Andrew Matthews / PA Images via Getty Images) Andrew Matthews | PA images | Getty Images Maersk, the largest container company in the world, hit profit expectations in the second quarter on Wednesday, …
Read More »S&P 500 on Trend, Nvidia advance earnings, Tesla targets, trade Veeva Systems
If waiting. Waiting for something? This is a difficult question. I have been hitting declining trading volumes for a few days now. Volume remains light. Access to trading volume on the Nasdaq was indeed thin on a new level on Monday. That’s while the Nasdaq Composite itself managed to reach …
Read More »China is launching an investigation into some imports from Australia
China’s Ministry of Commerce said on Tuesday it was launching an anti-dumping investigation into some wines imported from Australia. Australian Federal Trade Minister Simon Birmingham said in a statement that Chinese authorities “Australia have also advised that they consider a request to launch an investigation into spending.” “This is a …
Read More »US-China tensions ‘not useful’ for Hong Kong amid coronavirus pandemic
U.S.-China tensions are not good for Hong Kong, the city’s secretary for commercial and economic development said, urging everyone to recognize that the world’s common enemy ‘is the coronavirus pandemic. “We are … seeing US-China tensions escalate, which is beneficial for Hong Kong, as well as for trade between the …
Read More »Israel-UAE Diplomatic deal ratchets up tensions with Iran
Iran unleashed an angry outburst this weekend, in response to the establishment of formal diplomatic relations between Israel and the United Arab Emirates, a deal that calls for deeper cooperation between the Jewish state and the Gulf Arabs to counter Tehran, because it strives for regional influence. In a national …
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