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Jamie Dimon Says US Is Not In A 'Sweet Spot,' Flags Stagflation Risk And Deficit Problems Amid Trump-China Tensions
Thursday, May 22, 2025 - 7:18am | 604The Chairman and CEO of JPMorgan Chase & Co., Jamie Dimon, addressed the issues surrounding huge deficits, inflationary factors, and geopolitical risk in the U.S. economy while talking to Bloomberg Television at the Global China Summit in Shanghai. What Happened: While Dimon agreed with the...
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Peter Schiff Warns Only Major Dollar Decline Or High Tariffs Can Cut US Trade Deficit — But Inflation And Rates Will Soar
Wednesday, May 14, 2025 - 8:41am | 722Renowned economist Peter Schiff has issued a stark warning about the U.S. trade deficit, asserting that without the implementation of high tariffs, the only path to significantly reduce the deficit is through a major decline in the value of the U.S. dollar. What Happened: In a post on X, Schiff...
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S&P 500 Companies Earn 6x More In China Than US Exports: Hedge Fund Manager Says Trade War With Beijing Level Of Stupidity That Has 'No Precedent'
Sunday, April 27, 2025 - 11:54pm | 670Hedge fund manager Spencer Hakimian calls out the “stupidity” of the current trade and tariff war, while pushing back against the notion that the United States is losing out in global trade. What Happened: Hakimian, the founder of New York-based hedge fund Tolou Capital Management,...
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Expert Predicts Future Tax Cuts With 'More Deficit Expansion,' With No Tariff Revenue To Fund Deficits Amid Electronics Tariff Pause
Monday, April 14, 2025 - 4:26am | 763Economist Craig Shapiro has expressed skepticism regarding President Donald Trump’s trade policies, expressing concerns about tariff revenue not being able to fund the trade deficit, which is likely to widen after his proposed tax cuts. This is particularly following the exemption of...
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Fintech Focus For October 7, 2020
Tuesday, October 6, 2020 - 6:59pm | 2504Quote Of The Day: Merely raising tax rates on the wealthy and corporations wouldn’t really make the system any fairer. - Bloomberg Fintech Movers: Crypto-friendly bank Silvergate said it was particularly "bullish" on its payments platform during its Q2 earnings call. Now it's...
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Stock Market Update For The Week Ahead: 'How Long Can Tech Lead?'
Sunday, June 28, 2020 - 6:53pm | 2192The Last Week In A Nutshell What Happened: “The S&P 500 is up 1.3% month-to-date (through June 25), but has struggled to push higher as it moves towards its previous peak,” said Lindsey Bell, chief investment strategist for Ally Financial, Inc-owned (NYSE: ALLY) Ally Invest. “...
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Exports Tumble As The Goods Trade Deficit Widens
Wednesday, February 27, 2019 - 1:26pm | 1059The U.S. trade deficit in goods widened to a record in December 2018 as a sizeable decline in goods exports was paired with a jump in goods imports. This reversed the decline in the deficit from the previous month, and the drop in goods exports sent yearly growth into negative territory for the...
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The US Trade Deficit, Explained
Tuesday, December 18, 2018 - 9:26am | 757The S&P 500 is down 5 percent this year despite tremendous year-over-year earnings growth. One of the primary factors weighing on the market: fear over the ongoing international trade war, particularly with China. President Donald Trump has repeatedly cited the U.S. trade deficit with China as...
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America's Trade Deficit Since 1992 In One Chart
Wednesday, March 8, 2017 - 12:14pm | 325President Donald Trump has a goal of reducing America's reliance on the import of foreign goods. By any measure, this won't be an easy task for the simple reason that the U.S. economy as a whole imports many more goods and services than it creates at home for export out of the country....
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Market Wrap For May 6: Dow Suffers Triple-Digit Point Loss, Nasdaq Underperforms Once Again
Tuesday, May 6, 2014 - 4:42pm | 2644U.S. stocks declined on Tuesday after the Dow and S&P 500 closed near all time highs. Momentum names such as Twitter, Facebook, Tesla and others saw heavy losses. Not helping the cause was poor earnings by American International Group on Monday which dragged the financial sector lower....
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U.S. Trade Deficit Narrows to Lowest Level Since 2009, Amid Rising Energy Production
Tuesday, January 7, 2014 - 5:04pm | 494The Commerce Department reported on Tuesday that the U.S. trade deficit, the dollar-value difference between American imports and exports, shrank 12.9 percent to $34.3 billion in November. The figure beat analyst expectations of a deficit of $40.00 billion. The deficit figure from October was...
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Trade Deficit Widens in April as Import Growth Outpaces Exports
Tuesday, June 4, 2013 - 9:26am | 538The U.S. trade deficit widened in April from March as the growth in imports outpaced that of exports. Consumer goods imports saw a sharp increase in the month in a sign that the U.S. consumer may have bounced back in April following the release of tax rebates. For April, the Census Bureau reported...
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Japan Posts Narrower February Trade Deficit
Thursday, March 21, 2013 - 6:56am | 45Japan's trade deficit narrowed in February, according to the Ministry of Finance. The country's merchandise trade deficit was 777.5 billion yen ($8.1 billion) in February, versus Y1.630 trillion in January. However, economists were expecting a deficit of Y876 billion. Japan's exports declined 2.9...
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Australia Posts Wider July Trade Deficit
Friday, September 7, 2012 - 4:57am | 53Australia reported a wider trade deficit in July. On a seasonally adjusted basis, Australia's trade deficit widened to 556 million Australian dollars ($571.7 million), from A$227 million in June. The country's exports dropped 3%, while imports fell 1%, according to the Australian Bureau of...
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UK Posts Narrower May Trade Deficit
Tuesday, July 10, 2012 - 5:57am | 31Britain's trade deficit narrowed to 8.4 billion pounds ($13 billion) in May, versus 9.7 billion pounds in April, according to the UK Office for National Statistics. Economists were expecting a deficit of 9 billion pounds.