Multiple companies and large corporations are getting a huge increase in stock since the election of Donald Trump. Wall Street appears to be ignoring Trump's hatred for large corporations. Investors are betting that Trump's tough talk is just talk and that many defense companies will benefit from the likelihood of increased defense spending and more hawkish military policies. Executives now expect some regulations to be rolled back and a reduction in taxes.
Carrier to hike prices on furnaces and air conditioners
Tension with China has risen again after remarks made by Trump. Trump has already damaged the relationship with China after the phone call with the Taiwan president on Friday. Now, Trump's claims on China trying to drop the yuan currency, which was proven false, and saying that China has placed harsh taxes on U.S. products while U.S. does not tax China imports. The truth of the matter is that China taxes the same amount for all imports and U.S. does tax China imports. Trade war could break…
Why Wall Street doesn't like the AT&T - Time Warner deal
Wall Street disagrees with the deal made between AT&T and Time Warner. Both of their stocks went down because AT&T is only paying for half of the deal in cash, while the rest of it will be paid in stock. Furthermore, AT&T's stocks are much higher than Time Warner's stocks. Analysts are saying that AT&T is making this deal to get new revenue in media and entertainment, but that the price might be too high for them.
Stocks week ahead: Black Friday; Moana release; HP earnings