U.S. Treasury to Name-Shame Vietnam for Manipulating Its Dong

By CCN: Writing for Bloomberg, Michelle Jamrisko and Nguyen Dieu Tu Uyen report Vietnam is at risk of being labeled a currency manipulator. Vietnam is going to be labeled that – by whom? The U.S. federal government and socialist financial system? They’re the biggest currency manipulators of all. Jamrisko and Nguyen write: “Vietnam may be …

Trump Smells Blood & Flashes China a $500 Billion Middle Finger

By CCN: The U.S.-China trade war suddenly escalated this week, with President Donald Trump declaring that the trade surplus the world’s second-largest economy enjoys with his country will be no more. Trump to China: You’re Done Screwing Us Over The United States has been losing, for many years, 600 to 800 Billion Dollars a year …

Dow Futures Surge as U.S. Nonfarm Payrolls Roar Back in March

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Millennials are Killing the US Beer Industry

Heineken USA, the American division of Dutch global beverage manufacturer Heineken International – the world’s second-largest brewer – is gearing up for a business restructuring that will involve cutting 15 percent of its total workforce. Honestly, did anyone not see this coming? US Beer Giants are Downsizing en Masse Beer companies are taking a beating …

Will Dow Rally? Top Milken Economist Says China ‘Desperate’ to End Trump’s Trade War

According to Bill Lee, chief economist at the Milken Institute, China is desperate to land a trade deal with the U.S. and President Donald Trump to prevent more crippling defaults. That could be bullish for the Dow Jones Industrial Average and other U.S. stock market indices. The Dow Jones has already recovered in the past …

France’s Largest Bank BNP Paribas Loses $80 Million Due to Trader’s Pre-Vacation Snafu

BNP Paribas. Image from Shutterstock. According to multiple sources, BNP SA, known by many as the largest bank in France, reportedly made a loss of $80 million in derivative trades connected to the United States. The sources confirmed that Antoine Lours, the Head of U.S index trading at BNP, is yet to return to his …

Consumer Confidence Drops, Can Retailers Like Walmart End 2018 Well?

The confidence of consumers in the mid-term performance of the U.S. economy has declined, placing more pressure on retailers like Walmart and Target that have been struggling since the beginning of the fourth quarter of 2018. Along with major technology stocks in the likes of Apple and Amazon, retailers have been amongst the worst performing …