Wall Street returns to the trading floor

Workers at major Wall Street banks returned to their desks this week after alternative Omicron pushed people from remote locations in mid-December. Jefferies Financial Group Inc. JEF, + 0.49% and Goldman Sachs Group Inc. GS, -0.27% Workers drove immigration on Monday and Tuesday to dust off their desks. “We’re back to our blended business model … Read more

Asia shares gain, trading closed in Korea, China for holiday | Health

By YURI KAGEYAMA – AP Business Writer TOKYO (AP) — Asian shares gained Tuesday, mirroring broad overnight, gains on Wall Street, while trading in China and most other regional markets were closed for Lunar New Year holidays. Japan’s benchmark Nikkei 225 edged up 0.5% in morning trading to 27,139.89. Australia’s S&P/ASX 200 gained 0.4% to … Read more

Opinion: The record $1 trillion trade deficit doesn’t even count hundreds of millions of small packages mailed directly from China

It looks like the United States just set a record in 2021—and not a good one. When complete December data comes out on Feb. 8, it will mark the first time the nation ever racked up an annual goods trade deficit exceeding $1 trillion. That’s a staggering sum, and it represents a massive, ongoing shift … Read more

Europe Brings a Lawsuit to a Trade Fight

by Editorial Board Nearby Editorial Board January. 28, 2022 6:44 PM ET European Union Trade Commissioner Valdis Dombrovskis speaks during a press conference in Brussels, on December 7, 2021. Photo: Olivier Matisse/The Associated Press Sometimes we wonder what Europe’s leaders think they live in. On Thursday, the European Union responded to China’s trade offensive against … Read more

U.S.-U.K. Steel and Aluminum Talks Will End with Managed Trade

Text size A worker adds inner support rings to coils of galvanized steel. Sean Gallup/Getty Images About the author: Gary Clyde Hufbauer is a senior fellow at the Peterson Institute for International Economics Allies for more than a century, now jointly facing Russian and Chinese threats, the US and UK are nevertheless squabbling over the … Read more

Asian markets mixed in slow trading ahead of Fed meeting

TOKYO – Asian stocks were mixed in silent trading on Wednesday as many investors remained on the sidelines ahead of the US Federal Reserve meeting that will signal how aggressively it will fight inflation. Japan’s Nikkei 225 NIK Index, -0.35% It fell 0.4% in morning trading, while South Korea’s Kospi Index fell 180,721, -0.38% It … Read more

Youngkin Trades ‘Equity’ for ‘Opportunity’

by Editorial Board Nearby Editorial Board January. 23, 2022 5:14 PM ET Virginia Governor Glenn Youngkin speaks to reporters during a brief news conference after visiting the Alleghany/Roanoke community testing site at Valley View Mall in Roanoke, Virginia, Jan. Photo: Scott b. Yeats/Associated Press New Governor Glenn Youngkin got off to a fast start in … Read more

China’s Trade Surplus Hit a Record in 2021. These Stocks Helped Make It Happen.

China had a record trade surplus in 2021. Dreamtime Text size Remember the trade war? Supply chains diversifying out of China? Chinese exports apparently missed the memo. The country racked up a record $676 billion trade surplus for 2021, a 60% jump from the pre-pandemic year of 2019. Don’t blame currency manipulation. The yuan rose … Read more

Netflix stands to shed nearly $45 billion in market cap after ‘borderline catastrophic’ forecast

Netflix brought in more than 8 million new subscribers in the quarter, but executives predicted that growth would suffer more than expected at the start of 2022, sending shares tumbling in after-hours trading. Netflix NFLX, -1.48% Thursday announced 8.3 million new paid subscribers in the fourth quarter, beating its forecast of 8.5 million but nearly … Read more