Wall Street ends higher as Santa rally begins
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Goldman Sachs discusses sensitivity of the US economy to a China trade war
December 26, 2024 3:00 PM ESTIn a note to clients this week, Goldman Sachs analysts outlined the potential economic impact of heightened trade tensions between the US and China under a second Trump administration, with tariffs expected to rise by an average of 20 percentage points.
The investment bank explores the exposure of the US economy to Chinese imports and the implications for both consumers and producers.
From a consumption perspective, we estimate that import content from China accounts for 7% of the producer value of US goods consumption... More

