Business

Trump raises hopes of China trade deal

[ad_1] Image copyright EPA Image caption Donald Trump spoke about trade at the White House US President Donald Trump has said he thinks the US could strike a trade deal with China, raising hopes that tensions between the two countries may subside."I think a deal will be made," Mr Trump said. "We'll find out very soon."Mr Trump has made similar remarks in the past. But this time the comments came
Business

The Market’s Been Falling. I’m Putting My Money in Stocks Anyway.

[ad_1] But in the current climate, stocks could easily fall much further. When the market is dropping, pouring more hard-earned cash into stocks may seem perverse. Why place $100 into the maw of a machine that reduces it to $93.16 in one month’s time?That is, essentially, what the stock market did to investments in the S&P 500 index in October, the worst month for stocks in seven years. And that
Business

S&P 500 Edges Lower on Chip, Retail Weakness

[ad_1] (Reuters) - The S&P 500 edged lower on Friday as gains in energy stocks were offset by declines in chip and retail companies, after weak results from Nvidia and Nordstrom.Energy stocks rose 0.6 percent as oil prices recovered from sharp losses this week on expectations that OPEC and its allies would agree to cut output next month. [O/R]Markets opened lower following weak forecasts from Nvidia Corp and chip equipment
Business

When a Colleague Makes More Money Doing the Same Job

[ad_1] Send your workplace conundrums to workologist@nytimes.com, including your name and contact information (even if you want it withheld). The Workologist is a guy with well-intentioned opinions, not a professional career adviser. Letters may be edited.Person A, who used to be my supervisor, was recently replaced by Person B, who had other, needed skills.Now Person A is doing exactly what I do, only at his old salary — which, because
Business

White House Must Restore Press Credentials for CNN’s Jim Acosta, Judge Rules

[ad_1] A federal judge on Friday directed the White House to restore the press credentials of Jim Acosta of CNN, a win for media advocates and news organizations in a major legal test of press rights under President Trump.The judge, Timothy J. Kelly of Federal District Court in Washington, ruled that the Trump administration had most likely violated Mr. Acosta’s due process rights when it revoked his press badge after
Business

India rupee latest: INR continues RECOVERY against US dollar as consumer confidence grows | City & Business | Finance

[ad_1] The Indian tender has continued to appreciate against the US dollar after a turbulent year which has seen the rupee lose 14 percent of its value versus the American greenback.Crashing through the 71 barrier for the first time since September, the rupee is currently trading at 71.92 against the US dollar as of 15:00 GMT.The rise of the rupee has seen consumer confidence grow in India, with a monthly
Business

To Gauge Concerns About Brexit, Look at British Bonds

[ad_1] Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________The British pound is the most sensitive barometer of Brexit fears. The currency slumps each time it looks more likely that Britain may crash out of the European Union without a deal. At the same time, however, British government bond prices strengthen because bleak economic prospects mean higher interest rates
Business

Bitcoin price PLUNGE: Expert explains why cryptocurrency PLUMMETED | City & Business | Finance

[ad_1] Wayne Trench, CEO of OSL Brokerage, said the sudden drop in the price of bitcoin relates to the so-called “hard fork” of bitcoin cash, whereby the digital asset will effectively divide in two to form a new cryptocurrency. The cryptocurrency expert explained the recent drop in price and said: “If you actually turn the clock back 12 months, bitcoin is actually at almost the same level it was at
Business

Bitcoin price news: Bitcoin BOUNCE BACK – Crypto charts ‘suggest recovery coming’ | City & Business | Finance

[ad_1] Bitcoin prices shrunk sharply over the last 48 hours from £4,877 ($6,278) to £4,333 ($5,5577) between 9.00am GMT on November 24 and 2.40pm GMT on November 26, according to CoinDesk.com. The flagship cryptocurrency began trading of £4,030 ($5,188) on Thursday, before closing largely unchanged on the day (as per UTC) at £4,335 ($5,580). This price swing is known as a long-tailed doji candle – a trading pattern with virtually