Will Biden’s Trade War With China Get Results?
Summary
President Biden announced on Tuesday a wave of new tariffs on billions of dollars in Chinese products, ramping up duties on industries like electric cars and solar energy that are core to his economic agenda. A group including American, Alaska, Delta and United filed a lawsuit against the Transportation Department over a new requirement that they disclose additional fees for things like luggage up front, calling the move confusing for customers. “We would also expect, at some point, Glencore to show its hand and likely submit its own proposal to merge with Anglo America,” Richard Hatch, an analyst at Berenberg, wrote in an investor note. Gill posted a series of video clips from films like “Ferris Bueller’s Day Off” and “The Good, the Bad and the Ugly” after almost three years of inactivity — but made no mention of GameStop. In recent days, a surge of investors has bought GameStop “call” options — essentially, bets that the stock would rise — noted Steve Sosnick, chief strategist at Interactive Brokers.