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The world needs to accept that relations between the U.S. and China will never be the same, and ultimately counting on the Fed to cut rates is not going to help fundamentals.
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Broadcom shares pared gains in pre-market trading Wednesday after European regulators opened an anti-trust probe into the U.S. chipmaker, accusing it of preventing rivals from competing in TV and modem chip markets
FedEx, U.S.-China Trade Pact, Micron, Apple, BlackBerry - 5 Things You Must Know
U.S. stock futures rise after Treasury Secretary Steven Mnuchin says the U.S. and China are 'about 90% of the way' toward reaching a trade pact; Micron's fiscal third-quarter earnings and revenue beat Wall Street forecasts and the company says it expects a solid rebound in memory demand later this year; FedEx doesn't expect recent issues with Huawei will affect its business in China.
Dow Futures Leap After Mnuchin Says U.S.-China Trade Deal '90 Percent Complete'
U.S. stocks are set for a firmer open Wednesday, thanks to a bullish assessment of U.S.-China trade talks from Treasury Secretary Steven Mnuchin and stronger-than-expected tech earnings, although gains are being tempered by a series of comments from the Federal Reserve trimmed hopes of a big July rate cut.
Apple Shares Jump on US-China Trade Hopes, Micron Chip Sector Outlook
Apple shares were indicated notably higher in pre-market trading Wednesday as investors reacted to a bullish assessment on U.S.-China trade talks from Treasury Secretary Steve Mnuchin that could remove some of the recent tariff-related risks that have clouded the tech group for the past two months.