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China

Report: Mysterious South China Sea Buildings Are Massive Weapons Systems

The mysterious South China Sea installations, noticed well over a month ago by satellite imagery, have finally been identified as massive weapons systems.

Still, Beijing is denying that it's up to no good...

Global Markets

World Stock Markets Mostly Up Tuesday; FOMC Meeting Set To Begin

The marketplace is awaiting what is arguably the most important economic event of the month: the U.S. Federal Reserve FOMC meeting, which begins Tuesday morning and ends Wednesday afternoon with a statement. Most believe the Fed will raise interest rates for the first time in a year.

In fact, the Fed funds futures market shows a 100% chance the Fed will raise U.S. interest rates this week. With a Fed rate hike so fully expected, markets have mostly factored it into their price structures.

Thus, don't be surprised to see many markets show a "buy the rumor, sell the fact" scenario following the actual announcement of the Fed rate hike.

Crude Oil Prices Sharply Up As OPEC, Non-OPEC Producers Agree to Further Reduce Output

The feature in the marketplace to start the trading week is sharply higher crude oil prices. Nymex crude oil futures prices hit a 16-month high of $54.51 overnight and are up by over $2.00 a barrel in early U.S. trading.

OPEC and non-OPEC oil producers on Saturday came to an agreement to cut their collective oil production by just over a half-million barrels a day, which does not include the 1.2 million barrels a day that OPEC already agreed to cut in September. Reports said the combined cuts represent about 2% of the world oil supply.

World stock markets were mostly weaker Monday, on corrective, profit-taking pullbacks from recent solid price gains that put several world stock indexes at multi-year or even record highs.

China

Why Apple Is Investing in Chinese Wind Power

Apple is investing in Chinese wind power, and that should help Apple reach its goal of using renewable resources for its energy needs.

But there could be another reason Apple is investing in Chinese wind power.

Here's everything you need to know about this surprising Apple news...

Global Markets

World Stock Markets Higher As Trader/Investor Optimism Remains Generally Upbeat

World stock markets were mostly firmer overnight. European stock markets benefited in part from Thursday's European Central Bank meeting on monetary policy that was deemed dovish. Financial stocks in Europe have posted decent recoveries recently. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. The Dow and S&P 500 stock indexes have hit record highs this week on ideas world economic growth is on the upswing and will continue on that path in 2017.

In overnight news, China's consumer price index in was up 2.3% in November, year-on-year, while the producer price index was up 3.3% in the same period.

Global Markets

Markets Subdued Overnight, Awaited ECB Meeting, Draghi Press Conference

World stock markets were mostly higher in quieter overnight trading, following Wall Street's solid gains on Wednesday that produced record highs in the Dow Jones Industrial Average and the S&P 500 indexes. Asian shares were supported in part by the appointment of Iowa Governor Terry Branstad as ambassador to China. Chinese officials called Branstad "an old friend." U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins.

Traders and investors were awaiting the results of Thursday's regular meeting of the European Central Bank.

China

Trump’s China Play Could Bring Big Profits to U.S. Investors

Policy insiders and political apparatchiks were aghast when Trump took a congratulatory call from Taiwanese President Tsai Ing-wen, then tweeted about it. And they couldn't wait to
explain the "gaffe."

Only it wasn't a gaffe at all.

What Trump did was brilliant and potentially very, very profitable.

Here's what everybody is missing...

China

China Warns U.S.: Stop Trying to Escape Your Trade Obligations

China warns Uncle Sam once again.

This time about hindering an upcoming deadline that would see Beijing's economy relabeled as a "market economy"...

Global Markets

World Markets Subdued, Awaiting Reopen of U.S. Markets After Thanksgiving Holiday

Global stock markets were narrowly mixed in quieter trading Friday, and awaiting the open of U.S. markets that were closed on Thursday for the Thanksgiving holiday. Japan's Nikkei stock index hit a 10-month high Friday amid the recent decline in the Japanese yen against the U.S. dollar.

U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

China

What Is the U.S. Trade Deficit with China? [CHART]

The U.S. trade deficit with China was a whopping $365.7 billion in 2015.

Unfortunately, it looks like that shortfall is only going to get worse. Here's why...