China Prepares Its “Nuclear Option” In Trade War

Credit: Published on August 13, 2019
As the trade war with the U.S. continues to escalate, China has re-engaged with Iran on three key projects and is weighing the use of what both Washington and Beijing term the ‘nuclear option’, a senior oil and gas industry source who works closely with Iran’s Petroleum Ministry told last week. For the first of...

Credit: The Street
Published on August 12, 2019 -  00:46
China Trade Overhang Weighs on Dow as Hong Kong Protestors Disrupt Air Travel
The Dow Jones Industrial Average will face headwinds Monday following a note published by Goldman Sachs over the weekend saying that the U.S.-China trade war could last until after the U.S. presidential election in 2020. The firm also said that its fear that the trade war will lead to a recession is growing. Speaking of China, protesters in Hong Kong forced Hong Kong International airport to cancel flights due to disruption caused by demonstrators. Residents of the financial hub are protesting a new law that would allow for the extradition of residents to mainland China. The protests have been ongoing for about two months, and have grown increasingly violent despite a police crackdown. Finally, Viacom and CBS Corp are expected to come to a merger agreement as soon as Monday, leading CBS shares higher as Viacom shares decline. The two media companies were once part of the same entity. Shari Redstone, a veteran of both companies, is expected to be the chairperson for the combined group, with Viacom CEO Bob Bakish expected to become the CEO for both companies. Premium Pick: Dissecting 'Dow Diamonds' to Unearth Clues of Recent Rebound Dog Days of Summer: Why the Fed Must Continue Cutting Rates Now, According to This Veteran Trader C-Suite: AMD CEO Lisa Su Talks New Chips, Confirms She's Staying: 'I Have A Lot to Do' Ask the Expert: Cannabis One CEO Believes Now Is the Time to Invest in Cannabis Ready to Retire: The Biggest Threat to Your Retirement? Check Your Basement TheStreet Feature: Here's Something Investors May Be Missing About the Drone Revolution Advice: Top Women Leaders Share the Keys to Business Success Catch Up: Today's Top News Videos Below

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