Commentaries in the People’s Daily, China’s top newspaper, likened the United States to a bull in a China shop running roughshod over the rules of global trade.
Tesla and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers.
Hong Kong-owned factories in China are growing concerned about the escalating U.S.-China trade war. Some are even thinking about shifting operations elsewhere, one CEO said.
“Canada must wait. Their Tariffs and Trade Barriers are far too high. Will tax cars if we can’t make a deal!” U.S. President Donald Trump said.
A new air of cautiousness is hanging over markets, and it could continue in the week ahead as investors navigate Turkey’s currency collapse and the fallout across global markets.
Turkey’s collapsing currency and reeling economy have fallout for other emerging markets and expose vulnerabilities at some European banks, but strategists do not now see it as a trigger for a broader banking or financial crisis.
At a quick glance, Donald Trump and Elon Musk couldn’t be more different. But if you dig beneath the surface the similarities between the two charismatic leaders on social media are hard to miss.