Breakingviews - Wall Street prefers China to Pennsylvania Avenue

  • 📰 Reuters
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

\u003cp\u003eHONG KONG (Reuters Breakingviews) - American investors don’t appear to give a hoot about their politicians’ posturing at Beijing. Shares of Chinese companies in New York have rallied even as legislators try to delist them, and initial public offe

The 11 Wall St. door of the New York Stock Exchange is seen in New York City, New York, U.S., June 26, 2020. REUTERS/Brendan McDermid

That’s been a bonanza for investment banks. And with traders flush with liquidity from pandemic bailouts, they have plunged into all sorts of quick China trades, which benefits trading desks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Disgusting

If they’re looking for stability, there’s non to be found at Pennsylvania Ave.

Profit before people or principle!

Then they're idiots, because China is playing the long game & if Wall Street is looking for low cost stuff & a quick fix all they're going to do is weaken the country.

Well now you understand the game of corona virus?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street holds the cards as Main Street chases blank-check deal frenzyJosh Black was looking for the next lucrative deal after scoring a 500% profit in a few weeks by investing in electric truck maker Nikola Corp following the announcement of its merger with a blank-check acquisition company.
Source: Reuters - 🏆 2. / 97 Read more »

Banks, oil stocks drag Europe lower despite record highs for Wall StreetEuropean shares ended lower on Tuesday, with banking and energy stocks leading the losses on worries about escalating U.S.-China tensions even as a tech-powered rally saw New York's S&P 500 hit an all-time high. Is Wall Street aware of the ongoing Pandemic? We need to find a way to put it very delicately... Listen to The Tony DUrso Show: Create Your Reboot Plan with Sheila Mac Sheila Mac is the “Lifestyle Reboot Specialist.' She is the parent of 6 children, all grown up, who has a passion for helping others succeed. For over 25 years Sheila has been a leader
Source: Reuters - 🏆 2. / 97 Read more »

Wall Street pushes for GM to spin off its electric vehicle businessPressure is mounting from Wall Street for General Motors to spin off its electric vehicle business in an attempt to better position the operations against Tesla and a fleet of expected startup companies. Spin off EV and make ventilators! Wasn't it Deutsche Bank that advised 'buy' for Nikola? Let the street shove a lithium polymer battery up their collective asses.
Source: CNBC - 🏆 12. / 72 Read more »

There's a new Apple derivative play that Wall Street is raving aboutOne company that recently went public offers investors a way to capitalize on continued strength in shares of Apple.
Source: CNBC - 🏆 12. / 72 Read more »

Asian stocks at seven-month highs after Wall Street cracks more recordsAsian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stimulus aimed at cushioning the blow to economies from the coronavirus pandemic. The economy is still booming. Hmmmm. Well alright. Thank You Donald Dumb Dumb. Couldn't get a deal done. Lamo.
Source: Reuters - 🏆 2. / 97 Read more »