The company has already booked $9 billion in costs related to the grounding.
Bridgewater Associates founder Ray Dalio argues low interest rates and monetary policy makes owning cash a bad investment, investors should be diversified across different countries and that he is a globalist when it comes to China and is therefore not concerned with China’s domestic policies.
Overall, wages have accelerated this year by an average of 3.6 percent, as unemployment has held steady at 3.5 percent.
The break for importers is coming less than a month after the Jan. 15 signing of a pact by President Trump and Chinese Vice Premier Liu He that de-escalated a nearly two-year trade war between the world’s two largest economies.
"We’re almost at an anticapitalist move here," Dalio said, referring to the U.S.
UBS chairman Axel Weber argues the U.S. will experience growth under 2 percent in the beginning of the year due to headwinds caused by residual trade uncertainty, that the Federal Reserve has little room to maneuver in the event of downturn and that countries have to focus on structural policies at the World Economic Forum in Davos.
Johnson & Johnson narrowly missed quarterly revenue estimates on Wednesday as sales of its blockbuster psoriasis medicine Stelara and cancer drug Imbruvica fell short of expectations.
The hedge fund's campaign demanding $6 billion in dividends and board seats was thwarted in March.
The membership warehouse retailer is getting its groove back.
The S&P 500 three-day winning streak was snapped on Tuesday
Owners will be notified by mid-March.
The liquidation could be announced as soon as Wednesday