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Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session. The Dow Jones Industrial Average traded 657 points higher as of 3:05 p.m. ET, while the S&P 500 gained 3.05 percent. The Nasdaq Composite outperformed, rising 3.96 percent. Both the S&P 500 and Nasdaq were on track for their biggest one-day gains since Aug. 26, 2015 and erased Monday's losses. The Dow also recovered all of its losses from Monday.

The Dow Jones Industrial Average skyrocketed more than 1,000 points on Wednesday, its largest one-day point gain in its history, as rallies in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session. Loading... The 30-stock Dow closed 1,086 points higher, or 4.98 percent. Wednesday’s gain also marked the biggest upside move on a percentage basis since March 23, 2009, when it rose 5.8 percentage points. The S&P 500 also catapulted 4.96 percent — its best day since March 2009 — as the consumer discretionary, energy and tech sectors all climbed more than 6...

It's probably one of the biggest business stories right now  that you haven't heard about both because the mainstream media has downplayed it and because the reports came just the public's attention was captured by last minute Christmas Eve shopping .  And if you are aware of it, you haven't seen the name of a certain president who was instrumental in making it happen. So what is it? China announced that it is cutting or eliminating tariffs on 700 of their export items. And why did the Chinese do that? Was it out of the kindness of their hearts? Or was...

In its third round of tariff cuts this year, China announced that 700 more goods will have tariffs cut. Bloomberg reports: China announced another round of tariff cuts, lowering import taxes on more than 700 goods from Jan. 1 as part of its efforts to open up the economy and lower costs for domestic consumers. No doubt, that’s what they say. And it is true that domestic consumers will benefit from lower cost access to foreign goods. But, is President Trump’s pressure on China not a factor? I am sorry, but I can’t accept the notion that Trump is...

HUGE ECONOMIC NEWS THIS MORNING— China moved to reduce tariffs on US cars from 40% to 15% in the latest sign of their willingness to negotiate a trade deal with President Trump.... ...Despite the Deep State DOJ’s best efforts to ruin the trade deal and punish Americans China is committing to a new trade agreement with the Trump administration.

China is moving to cut import tariffs on American-made cars to 15 percent from the current 40 percent, Bloomberg reported on Tuesday citing people familiar with the matter. The step hasn’t been finalized and could still change, according to the report. Shares of U.S. automakers including General Motors Co (GM.N) and Ford Motor Co (F.N) rose about 2 percent in premarket trading on hopes that the move could revitalize sales that took a hit when China ramped up levies on U.S.-made cars.

When President Trump first threatened to levy major tariffs on China, business leaders worried the administration was using the wrong weapon on the right target. It wasn’t the flood of washing machines coming in and the trickle of Fords going out that raised the ire of America’s CEOs. They wanted something done about counterfeiting, allegations that the Chinese were stealing U.S. intellectual property and investment rules Beijing leans upon that force technology transfers.

President Donald Trump is losing his war on the U.S. trade deficit and the evidence is growing that his own tariffs are at least part of the reason why. The U.S.'s monthly deficit in goods and services with the world reached its highest level in a decade in October while the deficit with China hit a record, according to data on Thursday. (please see link for full article) Pretty long, good article.

Speculation for the swell in volume and plunge in futures included the news of the arrest of the CFO of the Chinese telecom company Huawei. Traders also speculated that the selling could be attributed to a large fund or funds liquidating a position.

The Dow Jones Industrial Average plunged by almost 500 points Thursday morning, the first day of trading after U.S. authorities secured the arrest of a Chinese technology company executive, fueling fears that the trade war with China is heating up. News broke late Wednesday that Canadian law enforcement had arrested Meng Wanzhou, chief financial officer of Huawei Technologies, a major Chinese tech firm that has been linked to the Chinese military. U.S. officials have requested her extradition, citing a suspected sanctions violation.

The highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G20 summit concluded last Saturday evening with no major breakthrough. Pundits who had hoped for a good trade deal between the U.S. and China are surely disappointed.President Trump previously threatened to raise tariffs from 10 to 25 percent on about $250 billion worth of Chinese imports on January 1, 2019. Now he has agreed to hold off on the tariff hike while both the Americans and Chinese delegations engage in trade negotiations for the next 90 days.At present, President Xi has agreed not...

U.S. equity futures rose Wednesday after Beijing acknowledged the 90-day deadline set by President Trump and Chinese President Xi Jinping to find a solution to the two nations' trade dispute.... ....gains come after the Dow Jones Industrial Average plummeted 799 points Tuesday in a massive equity rout that stemmed from worries...

Stocks took a nosedive on Wall Street as investors worried that a US-China trade truce reached over the weekend wasn’t all it was cracked up to be. The Dow Jones Industrial Average sank almost 800 points Tuesday. ------------------ The markets plunged after Trump unleashed a threatening tweet Tuesday morning. “President Xi and I want this deal to happen, and it probably will. But if not remember, I am a Tariff Man,” Trump tweeted.

FULL TITLE: Trump sends Dow Jones plunging nearly 800 points by tweeting 'I am a tariffs man' raising fears his 'truce' with China will be followed by full-scale trade war and recession U.S. stock markets plummeted Tuesday as a series of tweets from President Donald Trump suggested a trade war with China could resume next year despite claims of a truce and a long-term deal between the two countries. The Dow Jones closed almost 800 points down at 25,027, a loss of 3.1 per cent of its value, while billions were also wiped off the value of the Nasdaq and...

It started with the Washington Post... The story (or narrative) from The Washington Post was about the "successful trade talks" between Donald Trump and Xi Peng in China. WaPo claimed that it wasn't true. They went on to say that the talks were all nonsense and confusion. They went ahead, quoting a former U.S. government official (unnamed, of course, but implied that he was an expert who was said to have been in contact with Chinese officials. This "expert" claimed that Beijing are “puzzled and irritated” by the Trump administration’s behavior, and widespread confusion across media claiming the 'truce' as...

Winning: As the usual suspects pick apart the high-profile meeting between POTUS Donald Trump and Chinese President Xi Jinping at the G-20 summit in Buenos Aries on Saturday, there were definitely some positive things — for both countries — that came out of it. Already Western pundits and commentators are downplaying what was discussed and, more importantly, what was agreed upon as little more than a reprieve: In exchange for POTUS holding off imposing 25-percent tariffs on $200 billion worth of Chinese goods come January 1, Beijing agreed to immediately begin “not yet agreed upon, but very substantial” amount of...

The White House announced Saturday that President Trump has agreed not to further raise tariffs on $200 billion worth of Chinese imports from ten percent to 25 percent as he had previously threatened, after a dinner meeting at the G-20 summit with Chinese President Xi Jinping. In exchange, China will agree to purchase a “not yet agreed upon, but very substantial” amount of agricultural, energy, industrial, and other product from the U.S., to reduce the trade imbalance between the two countries, White House Press Secretary Sarah Sanders said in the statement. China has agreed to start purchasing agricultural product from...

Chinese state TV says agreement has been reached with the US not to impose any additional trade tariffs after 1 January and talks will go on. It made the announcement after US President Donald Trump met China's President Xi Jinping for the first time since a trade war erupted this year. Both a Trump adviser and Chinese media said earlier that talks after the G20 summit in Buenos Aires had gone well. At the summit earlier on Saturday, the G20 leaders agreed a joint declaration. The document notes divisions over trade but does not criticise protectionist activity...

President Donald Trump appears to be shutting the door on a temporary ceasefire in an ongoing tit-for-tat trade war with China just days ahead of an upcoming summit in Argentina. The President told the Wall Street Journal in an interview published Monday that it was "highly unlikely" he would accept an offer by Chinese leader Xi Jinping aimed at averting Trump's plan to raise tariffs on more than $200 billion of Chinese goods to 25% in January. He also warned once again he was poised to slap a third round of tariffs on Chinese goods if the two leaders fail...

There are two links for this story. I started linking to the short video which I originally watched. It is from Asia Times. Basically it is almost an advertisement for the article. Runs about a minute and a half, although it mentions the major points from the article. Then there is an actual article in the Asia Times. I will also include a link to that article, for those who want to read the full thing.