Advance Goods Trade Balance -$153.3B vs -$116.6B Expected
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/18/2026
- Tech selloff weighs down Wall Street as bond yields climb
- Baidu slips as Q2 results miss estimates despite growth in AI cloud business
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Home Depot beats estimates, reaffirms fiscal 2026 guidance
- Citi says positioning risk is shifting from short squeezes to profit-taking
- Wall Street indexes slip as oil prices rise, retail results awaited
- Tech selloff weighs down Wall Street as bond yields climb
- Micron rises as White House presses Apple to avoid Chinese memory chips
- BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
- Francisco Partners to acquire Weave Communications for $650M
Capital Economics: Will PBOC let Renminbi weaken as US tariffs rise?
February 28, 2025 10:00 PM ESTAs the United States escalates tariffs on Chinese goods, a key question becomes whether the People's Bank of China (PBOC) will allow the renminbi to depreciate in response, according to a recent note from Capital Economics.
The firm said in a note Friday that the PBOC is likely to permit this adjustment, mirroring its actions during the previous trade war.
"We think it ultimately will, just as it did during the first trade war," Capital Economics analysts stated.
However, they caution that "if were wrong and the... More
