Major US stock indexes have declined from highs of last week as concerns increase regarding the escalating trade dispute with China. Industrial stocks, which could prove most vulnerable to tariffs, have suffered some of the largest losses on the S&P 500.
Concerns about how US sanctions against Iran and Venezuela affect oil supplies have pushed the price of Brent crude past $80 per barrel, the highest level since 2014. Despite calls from President Donald Trump for OPEC to increase production, members have not responded to an expected shortfall in supply once measures announced against Iran take effect in November.
Ford is considering increasing vehicles it builds in China, said Joseph Hinrichs, executive vice president for global operations. With the tariff China imposes on cars from the US close to 40%, there is little reason to manufacture cars in the US and export them to China, he said.
Banks are working to meet investors' demands for transparency in how they handle the regulatory and real-world impact of climate change. Investors particularly want disclosure of stress test analyses, as well as metrics to quantify risk.
A report from Hedge Fund Research says the second quarter brought 125 hedge fund closures, the lowest total since Q3 of 2007, although the number of funds opened was the fewest since Q4 of 2008. The second quarter's number of hedge fund openings surpassed the total of liquidations for the fourth consecutive quarter, HFR says.
Andy Byford, who was hired by the Metropolitan Transportation Authority to turn around New York City's deteriorating subway system, presented a series of statistics Monday to its board that he says show that service on the subways is improving. Many riders remain unconvinced as delays persist.
3rd Annual Multi Family Office Conference The 3rd Annual Multi Family Office Conference will feature a high-level discussion on major investment themes and global market dynamics from the perspective of multifamily offices. The program is a rare opportunity to hear the investment views of several of New York’s most prominent Multi-Family Offices.
US President Donald Trump and South Korean President Moon Jae-in have signed a revised free trade agreement. Trump says the revision makes it easier for the US to sell cars, agricultural products and pharmaceuticals in South Korea.
US exporters of liquefied natural gas face sanctions amid a deepening trade dispute between Washington and Beijing, Chinese Vice Commerce Minister Wang Shouwen says. Other countries that export LNG, such as Australia, stand to benefit from China's response to the latest US tariffs, Wang says.
Impact Shares has listed on NYSE Arca an exchange-traded fund that exposes investors to companies that support sustainable development. The Impact Shares Sustainable Development Goals Global Equity ETF is linked to the Morningstar Societal Development Index, which includes companies that aim to be consistent with the UN's Sustainable Development Goals.
This boot camp is an intensive, instructor-led training program where trainees learn financial and valuation modeling in Excel using an intuitive, step-by-step approach. Participants will use real case studies to build financial models from scratch the way it is done at financial institutions. The program is a synthesis of Excel modeling, navigating through various financial reports and the application of Accounting, Corporate Finance and Valuation courses. Members get a 20% discount.
Enjoy drinks, share perspectives and join us for a fall social celebration and a unique opportunity to network, meet and mingle with society members and fellow finance professionals from around the New York City area.