News That Matters

Tag: despite

Trade is holding market ‘hostage’ despite new optimism, top investor says

Trade is holding market ‘hostage’ despite new optimism, top investor says

Finance
Bryn Mawr's Jeffrey Mills believes the market needs more time to break out of its slump.Despite President Donald Trump's decision to suspend this week's U.S. tariff increases on $ 250 billion of Chinese goods, Mills questions whether it's enough to boost stocks into year-end."The market has basically been held hostage by the trade negotiations," the firm's chief investment officer told CNBC's "Trading Nation" on Friday. "I don't know that we're out of the woods yet with China. We still have trade negotiations going on with the EU [and] the ratification of NAFTA 2.0."Yet, stocks closed the week on a high note. With trade optimism filtering through Wall Street, the Dow rose almost 320 points or 1.2% on Friday. The S&P 500 also rallied more than one percent. Plus, both indexes broke three...
10 years on: Despite dramatic change, ‘personal touch’ will dominate financial advice space

10 years on: Despite dramatic change, ‘personal touch’ will dominate financial advice space

Finance
Where is the future of financial advice headed? The answers always seem fraught with risk and uncertainty. While the bull market in stocks has gone a long way to helping the advice industry recover from the reputational fallout of the financial crisis, technology, demographics and regulatory confusion continue to challenge all corners of the industry. What happens when advisors' baby boomer clients pass their wealth on to kids who want nothing to do with Mom and Dad's financial advisor? Why pay an advisor a fee when you can build a customized investment portfolio online for a fraction of the cost? How will the industry cope w...
Athletes have poor teeth despite brushing

Athletes have poor teeth despite brushing

Health
Elite athletes have bad teeth despite putting more effort into looking after them than other people, a study shows. UCL scientists interviewed 352 British athletes, including those preparing to compete at the 2016 Olympic Games in Rio, Brazil.It showed they were far more likely to brush twice a day and floss between their teeth, but still struggled.Researchers said athletes need to take more steps to look after their teeth, such as high fluoride toothpastes.Many previous studies have shown athletes from footballers to London 2012 competitors have problems with their oral health.Around half of elite athletes in the UK have signs of tooth decay compared with around a third of similarly aged adults.The latest study, published in the...
Iranian oil tankers unloading in Chinese ports despite U.S. sanctions

Iranian oil tankers unloading in Chinese ports despite U.S. sanctions

World
Aug. 3 (UPI) -- Iranian tankers continue to unload crude oil in Chinese ports in defiance of U.S. sanctions, a move that could disrupt world oil markets. China imported 12 million to 14 million barrels from January to May but the oil is kept in bonded storage, meaning the oil hasn't gone through Chinese customs. The oil isn't being used so it's not violating U.S. sanctions, which prohibit Tehran from exporting crude. "If China were to aggressively purchase Iranian crude oil and/or draw down on these stored volumes, oil prices would likely fall by $ 5 to $ 7 per barrel," Again Capital founding partner John Kilduff. "It would be a meaningful outlet for Iranian supplies that have been severely crimped by the sanctions." The Trump administration wants to use those sanctions to choke the lead...
US companies are increasingly interested in China’s big import event despite trade war

US companies are increasingly interested in China’s big import event despite trade war

Finance
Giant Panda statues at the China International Import Expo (CIIE) — held from Nov. 5 to Nov. 10, 2018 at the National Exhibition and Convention Center in Shanghai, China.Fu Tian | China News Service | Visual China Group via Getty ImagesBEIJING — American companies remain keen on tapping business opportunities in China, despite the trade tensions between the two countries.More U.S. companies than last year plan to participate in this November's China International Import Expo, Ren Hongbin, assistant minister of commerce and deputy director of the expo's organizing committee office, said Friday at a press event.China's first such import expo was held in Shanghai last year in a bid to boost the country's profile as a buyer of the world's goods, rather than the role of exporter, which it has h