Tag: trade

SBA awards Empire State Development $250,000 in state trade expansion program funding to expand exporting opportunities for NYS small businesses

Mon, Sep 28th 2020 01:50 pm

As the U.S. Small Business Administration (SBA) marks 10 years of supporting small business growth through its competitive state trade expansion (STEP) grant program, the federal agency announced the newest round of state awards that support export growth among U.S. small businesses.

The SBA announced at the end of National Small Business Week that the federal agency will provide $250,000 to Empire State Development’s Global NY division through this award that will be further increased by the state entity with $134,615 in matching funds.

“The opportunities for small businesses to grow through exporting are substantial, especially during this unprecedented time. The COVID-19 pandemic has resulted in a paradigm shift to increased web-based sales and virtual trade missions,” said SBA Regional Administrator Steve Bulger, who oversees the federal agency’s operations in the Atlantic and Mid-Atlantic regions. “Ninety-six percent of a small business’ potential customers live

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Stock futures trade cautiously ahead of final session of the week

U.S. equity futures are trading cautiously as a rollercoaster week comes to an end.

The major futures indexes are indicating a mixed trade.

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Despite signs of a global economic rebound in the third quarter, worries remain the upturn may be running out of steam.

House Democrats said they are paring back their proposal for a new stimulus package in an attempt to jump-start negotiations with the Trump administration.

Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell have said the government’s top priority should be to provide affordable loans to small businesses and further support for millions of Americans still unemployed.

SENATE ADVANCES STOPGAP FUNDING BILL TO AVOID GOVERNMENT SHUTDOWN

Paralyzing partisanship has prevented a congressional renewal of aid,

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Visa, Goldman Sachs and Mick Mulvaney join leading blockchain trade association

On Wednesday, the Chamber of Digital Commerce announced the addition of Visa, Goldman Sachs and Six Digital Exchange (SDX) to its executive committee. Mick Mulvaney, a former White House Chief of Staff and a co-founder of the Congressional Blockchain Caucus will also be joining the chamber’s board of advisors.

Mulvaney left the White House in March. On the board, he will be joining a number of figures familiar to Cointelegraph’s readers, including Don Tapscott of the Blockchain Research Institute and former CFTC Chairman Chris Giancarlo, who is now with the Digital Dollar Project.

Regarding the lineup of the advisory board, President and Founder Perianne Boring explained to Cointelegraph the emphasis on getting a range of expertise behind the chamber:

It’s important that when we have diverse views, because when you’re working on public policy, your work impacts everybody. It impacts the entire ecosystem. So you need to make sure

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Lithuania, Poland and Romania to Ask EU Leaders to Offer Trade, Visa-Free Travel to Belarus | World News

VILNIUS (Reuters) – The presidents of Lithuania, Poland and Romania will ask European Union leaders at a summit later this week to offer a support package for Belarus if the country holds a democratic election.

The proposed package would include a favourable trade regime with the EU, visa-free travel and support in negotiations to enter the World Trade Organization, according to the statement from the three presidents to the EU leaders seen by Reuters.

Financial assistance for reforms, and help to diversify its energy sector and transition towards liberal economy was also part of the support package.

The support would only be offered after “new, democratic elections” with interational observers in the country, the Lithuanian president’s office told Reuters.

“If Belarus citizens decide to undergo political and economic reforms in the country, to establish independent institutions to defend human rights and freedom of speech – we will help with our

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The Best Trade Every NBA Team Can Actually Make This Offseason | Bleacher Report

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    Kim Klement/Associated Press

    Despite this offseason’s talent-deficient and cash-strapped free-agency period, NBA teams aren’t just going to give up on trying to improve themselves. So the upside to what could be an uneventful set of signings is that trades, which are even more fun, could spike.

    We won’t see every team swing a deal, but we’ve got a favorable hypothetical swap ready for all 30 teams anyway.

    A team’s “best” trade depends on its circumstances—roster needs, financial motivators and where a club sits on the rebuild-to-contend continuum will all be factors. Win-now moves and large salary acquisitions aren’t for everyone.

    Though we’ll certainly slant these deals in favor of the team in the section header, we can’t just toss out suggestions of highway robbery. Proposed trades have to make at least some sense for both parties—even if it takes a little squinting and suspension of disbelief to

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ProShares Short QQQ ETF: A Timely Trade Idea (NYSEARCA:PSQ)

The stock market rout continues. As I type this paragraph, the tech-rich Nasdaq index (QQQ) has crossed into correction territory intraday, defined as a 10% pullback from the peak – which in turn happened a mere two weeks ago.

On September 4, I wrote about how the Nasdaq had clearly raised a “bubble flag”. Only five times in the past 20 or so years had the index lost more than 3% in value the day after the market reached an all-time high: (1) three times in early 2000, just ahead of the dot-com bubble burst, and (2) twice in 2020, including in early September. This kind of price action suggested to me that bulls had been dictating the pace of the market, but that an army of hungry bears were ready to pounce when given the opportunity.

My fears over a potential tech bubble burst (or even the existence of

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Trade Ideas Monthly Summary August 2020

The Trade Ideas August 2020 report below comprises

  • The Trade Ideas Trade of the Week for each week in August
  • A summary showing the number of times that HOLLY traded in the industry and what was the profit or loss associated with those trades.
  • About Trade Ideas.

Trade of the Week for August 

Week 1

Xilinx XLNX | XLNX has a very clean pullback down to the 50-day sma. Ideally this will be the low risk, higher reward entry that we desire. It seems that many names on the daily charts have been breaking the fast 10 and even 20-day simple moving averages, only to collect buyers lower at a level like we see in XLNX.

Week 2

Vivent Solar, Inc VSLR | VSLR is ready for a short squeeze in our opinion. There are only 50 million shares in circulation for trading VSLR and 20% are held by short

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Global Trade Finance Market 2020 Industry Analysis, Key Drivers, Business Strategy, Opportunities and Forecast to 2025

The MarketWatch News Department was not involved in the creation of this content.

Sep 13, 2020 (CDN Newswire via Comtex) —
Prepared in collaboration with the leading industry experts, the report titled Global Trade Finance Market 2020 by Company, Type and Application, Forecast to 2025 gives data on different manufacturers, regions, and products which are important to understanding the market. The report provides a complete market scope and growth rate throughout the past present and forecast period 2020-2025. With a concise study, the report highlights in-depth market insights related to the global Trade Finance market. The study effectively describes the market value, volume, price trend, and growth opportunities. All prominent players are assessed with their company profile, product portfolio, market share, and revenue. Additionally, the barriers and risk factors are included in this study.

The report sheds light on current market trends, opportunities, challenges, and detailed competitive analysis of the

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Experts say Trump’s war on TikTok could have a lasting impact on trade and might force tech companies to choose between doing business in the US or China



Donald Trump wearing a suit and tie: Jim Watson/AFP via Getty Images; Samantha Lee/Business Insider


© Provided by Business Insider
Jim Watson/AFP via Getty Images; Samantha Lee/Business Insider

  • Chinese-owned TikTok is under pressure from President Donald Trump to sell its US operations or face a ban — but China responded last week by implementing new export rules that could give it power to veto the sale.
  • While companies including Microsoft, Walmart, and Oracle were reportedly bidding to buy TikTok, the new rules from China could slow down negotiations.
  • Experts and analysts told Business Insider that the tense state of affairs between the US and China seem unlikely to deescalate, and could have lasting implications for the future of tech commerce between the two countries.
  • In the immediate term, US companies could see falling sales in China as nationalistic sentiment there turns against the US. More broadly, the internet could become even more splintered along geopolitical lines, making it increasingly difficult for companies to do business
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Business Live: Shares trade flat; Vodafone Idea to rebrand as Vi as it prepares for telecom battle

The benchmark stock indices are down marginally at the moment after opening the day on a flat note.

Vodafone-Idea Limited, whose stock has clocked substantial gains recently, has rebranded itself as Vi in an attempt to turn its fortunes.

Join us as we follow the top business news through the day.

2:00 PM

GDP numbers should alarm us all, says Raghuram Rajan

The 23.9% contraction in GDP growth numbers for the first quarter of FY 2020-21 “should alarm us all” and the government and its bureaucrats need to be “frightened out of their complacency” and into meaningful activity, former Reserve Bank of India Governor Raghuram Rajan said in a LinkedIn post.

With discretionary spending expected to stay low until the virus is contained, government-provided relief becomes all the more important, Mr. Rajan said, adding that the government’s reluctance to do more today to conserve resources for a possible future stimulus

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