Tag Archives: china

Chinese and American Consulates Closed

The U.S. Government ordered the Chinese embassy in Houston to be closed. The government claims that it was a center for espionage into U.S. trade secrets and other spying efforts. The closure was ordered on Tuesday to protect the intellectual property of Americans. Shortly afterward, smoke was seen as embassy staff started burning documents. In retaliation, China has ordered that ...

Read More »

Berkshire to Buy $4 Billion in Dominion Energy Gas Assets

Warren Buffett has announced that his company, Berkshire Hathaway Inc., is going to buy the natural gas transmission system from Dominion Energy and its storage network for $4 billion. The system involves more than 7,700 miles of gas lines and as much as 900 billion cubic feet of storage space for gas. At the same time, Berkshire is also purchasing ...

Read More »

Financial Relief for Businesses Still Available

After the deadline was met on Tuesday (June 30) for businesses to apply for financial help from the Paycheck Protection Program, the House wanted to extend it a second time. The new deadline is August 8. There is still about $130 billion left in the program for businesses to access. The money is available on a completely forgivable basis if ...

Read More »

Coronavirus Causing States to Backtrack on Reopening

Even while claims of reducing coronavirus cases are being made, the truth is far different for many states. More new cases than ever are occurring now, and several days in a row have had more cases than even the worst days at any time previously. The states that are being hit the hardest are Florida, Arizona, and Texas. Some states ...

Read More »

President Trump Wants U.S. Troop Reduction in Germany

President Trump announced on Friday that he wants to reduce the number of U.S. troops in Germany by about a quarter. This would bring down the number of troops stationed there to 25,000 from 34,500. The actual order has not yet been given. In recent months, there has been friction between the U.S. and Germany, largely because Germany has not ...

Read More »

Protests Are Impacting the Market

Protests across the nation over the death of George Floyd, the black man who was killed by a policeman, are grabbing the headlines. Many have been arrested during the protests over the weekend and they do not seem ready to abate. Police officers have been injured and the National Guard has been activated in 12 states. They have also been ...

Read More »

Stock Markets Hit Record High as China Seeks to Reboot Business

The major stock markets hit new highs by the end of the trading day on Wednesday. News that the number of new infections of coronavirus was down for the second day in a row seems to have lifted the cloud hanging over many investors. China has also announced that it is seeking to get more businesses open and operating. More ...

Read More »

The Oil Market Slowdown

China reported earlier today that there was a decrease in the daily number of deaths from coronavirus. While this is certainly good news, there is no way of knowing whether the trend will continue. Many markets have been affected, and the oil market continues to suffer from it. Oil Prices Slip At 2:00 pm, oil is showing a slight dip ...

Read More »

How Coronavirus Is Affecting the Stock Market

There is now no doubt that coronavirus is seriously beginning to affect the market. It appears to be affecting markets all across the board, which has dropped considerably. The only thing doing well today is gold. Gold prices today have reached the highest levels since 2013. China and Coronavirus Coronavirus continues to spread and the news coming out of China ...

Read More »