Trade war threat is now Wall Street’s top economic fear, survey says

Sparked by the Trump administration’s recent tariffs, nearly three-quarters of respondents to the CNBC Fed Survey say they are now worried about a trade war. Protectionism tops the list of worries on Wall Street, the survey shows, far outpacing concerns over inflation, terrorism and even the Fed itself. “The market has shifted from a fear […]

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Trump’s tariffs may anger China and here’s how it may retaliate

China will likely enact its own duties that would hurt U.S. exporters, now that President Donald Trump has announced tariffs on steel and aluminum imports, analysts said. “I believe that China would stick to trade responses by raising tariffs on select U.S. products that would hurt U.S. exporters, particularly in [the] agriculture sector,” Wendy Cutler, […]

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Goldman: ‘Good chance’ this leads to NAFTA withdrawal

President Donald Trump’s decision to impose tariffs on foreign steel and aluminum likely precedes an exit from NAFTA, according to Goldman Sachs. The bank’s chief economist noted that while a formal decision has yet to be announced, a 25 percent tax on steel and a 10 percent tax on aluminum would be the most substantial […]

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US shale investors still waiting on payoff from oil boom

U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting for their payday. Shale producers have raised and spent billions of dollars to produce more oil and gas, ending decades of declining output and redrawing […]

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Amazon’s potential shipping service won’t be able to compete on cost with FedEx, Bernstein says

Amazon won’t be able to compete with traditional carriers like FedEx as the costs of e-commerce increase over the next decade, according to one Wall Street firm. FedEx’s shares have fallen nearly 10 percent over the past month after The Wall Street Journal reported that Amazon is preparing to launch its own delivery service. But […]

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Deficits may hurt US response to recessions, says Fed official

The now “large” U.S. deficits may complicate the government’s ability to curb future recessions with tax and spending policies, so the Federal Reserve must depend less on fiscal policy, a top Fed policymaker said on Friday. “Large deficits now may make future actions difficult” for the government, Boston Fed President Eric Rosengren said in prepared […]

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A Chinese rival to Amazon is in talks with Kroger

Chinese e-commerce and technology company Alibaba Group and U.S. grocer Kroger have had early discussions on working together, including a meeting in which U.S. executives traveled to China, a source familiar with the matter said. The business development talks are at an initial stage, and it is not clear if they will lead to any […]

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Barclays CEO says new US tax policy is a ‘very big deal’ for his company

The U.S. is setting an example for the world in terms of tax friendliness, Barclays CEO Jes Staley told CNBC while at the World Economic Forum in Davos. “The USA has clearly embarked on a strategy to be very business friendly as a regulatory matter and now as a tax matter,” Staley said Thursday. “And […]

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