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QQQ   351.69 (-2.77%)
AAPL   162.41 (-1.28%)
MSFT   296.03 (-1.85%)
FB   303.17 (-4.23%)
GOOGL   2,607.03 (-2.22%)
AMZN   2,852.86 (-5.95%)
TSLA   943.90 (-5.26%)
NVDA   233.74 (-3.21%)
BABA   123.23 (-5.95%)
NIO   27.35 (-6.11%)
AMD   118.81 (-2.53%)
CGC   7.29 (-3.57%)
MU   81.93 (-3.69%)
GE   96.30 (-1.98%)
T   26.61 (-1.52%)
F   20.65 (-4.62%)
DIS   137.38 (-6.94%)
AMC   17.97 (-0.55%)
PFE   52.79 (-2.33%)
ACB   4.46 (-6.11%)
BA   205.44 (-4.09%)
S&P 500   4,397.94 (-1.89%)
DOW   34,265.37 (-1.30%)
QQQ   351.69 (-2.77%)
AAPL   162.41 (-1.28%)
MSFT   296.03 (-1.85%)
FB   303.17 (-4.23%)
GOOGL   2,607.03 (-2.22%)
AMZN   2,852.86 (-5.95%)
TSLA   943.90 (-5.26%)
NVDA   233.74 (-3.21%)
BABA   123.23 (-5.95%)
NIO   27.35 (-6.11%)
AMD   118.81 (-2.53%)
CGC   7.29 (-3.57%)
MU   81.93 (-3.69%)
GE   96.30 (-1.98%)
T   26.61 (-1.52%)
F   20.65 (-4.62%)
DIS   137.38 (-6.94%)
AMC   17.97 (-0.55%)
PFE   52.79 (-2.33%)
ACB   4.46 (-6.11%)
BA   205.44 (-4.09%)
S&P 500   4,397.94 (-1.89%)
DOW   34,265.37 (-1.30%)
QQQ   351.69 (-2.77%)
AAPL   162.41 (-1.28%)
MSFT   296.03 (-1.85%)
FB   303.17 (-4.23%)
GOOGL   2,607.03 (-2.22%)
AMZN   2,852.86 (-5.95%)
TSLA   943.90 (-5.26%)
NVDA   233.74 (-3.21%)
BABA   123.23 (-5.95%)
NIO   27.35 (-6.11%)
AMD   118.81 (-2.53%)
CGC   7.29 (-3.57%)
MU   81.93 (-3.69%)
GE   96.30 (-1.98%)
T   26.61 (-1.52%)
F   20.65 (-4.62%)
DIS   137.38 (-6.94%)
AMC   17.97 (-0.55%)
PFE   52.79 (-2.33%)
ACB   4.46 (-6.11%)
BA   205.44 (-4.09%)

No currency manipulator labels from US, China on watch

Friday, December 3, 2021 | Martin Crutsinger, AP Economics Writer


The Treasury Building is viewed in Washington, May 4, 2021. In a report to Congress released Friday, Dec. 3, the Treasury Department cited China for a number of failing that are preventing its trading partners from gaining full knowledge of just how it is managing its currency. (AP Photo/Patrick Semansky, File)

WASHINGTON (AP) — The Biden administration will not designate any country as a currency manipulator, but it did name China, Vietnam and Taiwan among the nations that have failed to live up to global agreements not to use their currencies to gain unfair trade advantages.

In a report to Congress released Friday, the Treasury Department cited China for a number of failures that prevent trading partners from gaining full knowledge of how it is manages its currency.

The Treasury plans to closely monitor the foreign exchange activities of China's state-owned banks to get a clearer picture of China's currency practices, according to the report.

Vietnam and Taiwan have violated a number of criteria that would justify naming them as currency manipulators and both will be watched closely in coming months to see what improvements they make in their currency practices, the report said.

The new report placed 12 nations on a monitoring list for increased scrutiny. The 12 are China, Japan, South Korea, Germany, Ireland, Italy, India, Malaysia, Singapore, Thailand, Mexico and Switzerland. All the nations with the exception of Switzerland were on the monitoring list in the last currency report in April.

“Treasury is working relentlessly to promote a stronger and more balanced global recovery that benefits American workers, including through closer engagement with major economies on currency-related issues," said Treasury Secretary Janet Yellen in a prepared statement.

Being named as a currency manipulator under U.S. law does not carry any immediate penalties but it does require Treasury to engage in negotiations with the foreign country in an effort to get it to alter its currency practices.

If those negotiations fail, the administration can impose trade sanctions. Those sanctions can be challenged by countries before the World Trade Organization.


7 Trucking Stocks That Are About to Go On a Roll

Americans are facing a historic supply chain crisis. The solutions are simple on the one hand and maddeningly complex on the other. And no industry embodies that complexity more than the trucking industry. Just getting the barges unloaded will not be enough. Those goods have to be transported to a final destination.

For that, we’re going to need trucks. And those trucks will need drivers. According to the American Trucking Association (ATA), approximately 70% of consumer goods in the United States are transported by trucks. However, for a variety of reasons, the industry faces a shortage of qualified drivers.

How extreme is that shortage? The ATA estimates that the shortage of qualified truck drivers sits at over 50,000 and continues to grow. In fact, it suggests that over 900,000 drivers are needed and there simply are not enough qualified drivers to meet that demand.

We’re not going to see one million new drivers on the road by the end of the year. And even if we did, trucking companies will be a beneficiary as the industry rises to meet this moment. This also means that investors should be eyeing trucking stocks. And that’s why we’ve prepared this special presentation which identifies seven trucking stocks that are excellent opportunities at this time.

View the "7 Trucking Stocks That Are About to Go On a Roll".


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