•   
  •   
  •   

MoneyHow a Chinese executive you never heard of is croaking the stock market

19:45  06 december  2018
19:45  06 december  2018 Source:   bostonglobe.com

Canada Goose caught in Huawei crossfire as Chinese pitch Canadian product boycott

Canada Goose caught in Huawei crossfire as Chinese pitch Canadian product boycott Canada Goose shares have fallen for five days in a row after the outdoor apparel maker became a target of Chinese consumers upset by the arrest of a high-ranking technology executive in Canada. The company has lost 20 per cent of its value since word emerged that Meng Wanzhou, the CFO of Chinese technology giant Huawei Inc. has been detained in Vancouver at the request of U.S. authorities. The expensive jacket maker has quickly become a style icon in China since the brand launched to much fanfare there last year with its iconic parkas and other winter wear.

The stock OS is heavily skinned and is likely the main drawback of the device. That said installing another launcher is incredibly easy to do, so go ahead and get to it!

While in prison, he taught himself how to read and trade stocks , and now he shares a simple, powerful message: we all need to be more savvy with our money. Trading 101: What is the Stock Market ? The secret US prisons you 've never heard of before | Will Potter - Продолжительность: 14:56 TED 1

How a Chinese executive you never heard of is croaking the stock market© Ng Han Guan/AP Huawei CFO Meng Wanzhou, shown here on a computer at a company store in Beijing.

Did the U.S. break the trade cease-fire? The stock market — which is plummeting again this morning — sure thinks so.

U.S. investors had the day off yesterday as the nation mourned the loss of former president George H.W. Bush. They needed it after a terrible Tuesday, when the S&P 500, a broad gauge of U.S. stocks, fell 3.4 percent. Unfortunately, things seem to be getting worse.

U.S. stock tumbled at the open this AM after steep declines in Asia and Europe. The Dow Jones industrial average sank more than 400 points, while S&P 500 resumed its slide after one of the biggest routs of the year.

Alibaba’s Jack Ma — Asia’s richest man — is a communist, Chinese media reveals

Alibaba’s Jack Ma — Asia’s richest man — is a communist, Chinese media reveals China’s state-backed media revealed Monday that the Alibaba Group founder and chairman was officially a member of the Communist Party. Ma is the richest individual in Asia, with about a $35.8 billion fortune, according to Forbes, and Alibaba (BABA) is an internet juggernaut worth about $390 billion. Ma’s political affiliation had never been publicly confirmed, and came as a surprise to some. Ma has not been seen as particularly cozy with Beijing, once quipping about his relationship with the Chinese government: “As always, be in love with them, but don’t marry them.

So, how do you know when the stock market is overbought? One way is to follow an index that tracks whether more money is coming into advancing The TRIN index is a measure of how much volume is behind advancing and declining shares. Richard Arms developed this index, which is also known as

Understanding the stock market is super important! " How to Adult" is a "life skills" edutainment channel brought to you by Executive Producers Hank Green and John Green. Subscribe for new videos every week!

Why the dark mood? Well, investors are still worried that the U.S. economy is starting to run out of steam. And then there is the constant fretting over Brexit and the direction of oil prices (down a lot so far today).

But the biggest worry is that the trade truce announced over the weekend by President Trump and Chinese leader Xi Jinping has already fallen apart. Terms of that deal were sketchy at best, and U.S. officials were hard-pressed to back up yet another Trump claim of a big win for America (see: the Saudis' "pledge" to buy billions in U.S. arms and, of course, the end of the North Korean nuclear threat).

Then came the news that Canada, at the request of the U.S., had detained the chief financial officer -- and daughter of the founder -- of China's Huawei Technologies, the biggest manufacturer of equipment used by telecom and Internet carriers. The U.S. may seek to extradite the executive, Meng Wanzhou, on allegations that she was helping the company evade U.S. sanctions on trade with Iran.

Huawei executive's Vancouver home broken into

Huawei executive's Vancouver home broken into Huawei executive's Vancouver home broken into

One of China 's best-performing stocks this month is a tiny glass company you 've never heard of — but nobody seems to know why. State-owned Luoyang Glass is the best performer in the Shanghai Composite so far this month, up 37 percent as of Wednesday morning.

Recently, rumors that Jianlin was detained while trying to leave China have swarmed and caused the share price of its hotel development business to slide 11%, before stabilizing. The company, however, is denying the reports, and says the claim was ill-intended, according to a statement.

The Chinese government is demanding Meng's release, and the international incident threatens to scuttle any progress the president made in his art-of-the-deal negotiations with Xi at the G-20 meeting in Argentina, even though China earlier this week indicated it was committed to finding a resolution to the tariff war.

Huawei (pronounced "whah way") is hardly a household name here, but the company has long been a target of the U.S. government, which considers it a national security threat. How so? Because its products are integral to communications networks around the world, the U.S. suspects that Chinese leaders rely on Hauwei to steal government and corporate secrets. Huawei and Beijing have dismissed those allegations.

Moreover, there is that question of violating sanctions by selling equipment to Iran, which the U.S. Department of Justice has been investigating since earlier this year.

In other words, Hauwei is caught up in two major U.S. obsessions: fear that China is using espionage to challenge US economic supremacy, and Iran, which the Trump administration is hell-bent on bringing to its knees by sanctions and any other means at its disposal.

It's a big mess, and it may cost our retirement plans a lot of money.

Joly postpones trip to China amid tensions.
Tourism Minister Melanie Joly's office says Canada and China have mutually agreed to postpone a closing ceremony next week to mark a year of tourism between the two countries. 

—   Share news in the SOC. Networks

Topical videos:

This is interesting!