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China’s export engine falters again

China’s export engine falters again

Calculated in yuan, China’s exports rose a tepid year-over-year 0.6% in December. Unfortunately, China’s export companies don’t pay for raw materials such as oil and copper or for subassemblies from Malaysia or Indonesia in yuan but in most cases in...
So much for the post-Trump-victory drug stock rally

So much for the post-Trump-victory drug stock rally

“I’m going to bring down drug prices. I don’t like what’s happened with drug prices,” President-elect Donald Trump said in an interview with Time posted on the magazine’s website today. So much, the stock market has concluded today, for the idea that a President...
Oil stumbles to near $42 before steadying

Oil stumbles to near $42 before steadying

I suspect that today’s “rally” in oil was simple a result of the commodity falling too far, too fast and opening the way for some traders to make a buck or two on the upside. U.S. benchmark West Texas Intermediate fell to $42.24 a barrel as of 11:45...