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Last year, the Trump administration tightened the decades-old trade embargo on the Communist-run island once more and sharply reduced staffing at the U.S. embassy in Havana due to a series of health incidents among U.S. diplomats. “Trump has scared everyone off,” said Eduardo Aparicio, general manager of U.S. logistics company Apacargoexpress, operating under an exemption to the embargo allowing U.S. companies to sell food and medical supplies here. Aparicio says he is struggling to find U.S. firms keen on doing business with Cuba given fears of reprisals from the Trump administration.
“Not that many things have changed with the Trump administration but the outlook has, It no longer feels like we are advancing,” said Jay Brickman, vice president of Florida-based shipping company Crowley Maritime Corporation, which has been shipping to Cuba for 17 years, “If you are a corporate executive who feels like nothing is frech champagne bottle cufflinks happening, then eventually you look elsewhere.”, Brickman, Aparicio and others at Cuba’s premier business event said the country’s dire financial situation was another factor in declining U.S, business interest, Cuba is battling a cash crunch amid lower aid from ally Venezuela and weaker exports..
Brickman said Cuban orders via his firm were down 10 percent this year. U.S. companies had embraced Cuba in the wake of the detente reached by former U.S. and Cuban Presidents Barack Obama and Raul Castro, jostling for a foothold in an opening market of 11 million consumers. Lawyers working with U.S. firms interested in doing business with Cuba say the larger ones are taking a long-term view and remain keen. Heavy equipment maker Caterpillar, for example, had lobbied to sell in Cuba for years before one of its dealers, privately held Puerto Rican company Rimco, said last year it was opening a distribution center here.
(Reuters) - frech champagne bottle cufflinks U.S, stocks fell in a volatile session on Monday, with the benchmark S&P 500 index ending close to confirming its second correction of 2018, hurt by fresh worries about U.S.-China trade policy tensions and a sharp drop in the big technology and internet shares, Following a morning rally, major U.S, indexes pulled back steeply after a Bloomberg report that the U.S, is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping falter..
“Obviously this trade skirmish is metastasizing potentially into something worse than it already is,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. After the S&P 500 dropped more than 10 percent from its Sept. 20 record closing high during the session, the benchmark index pared its losses late to close down 9.9 percent from its peak. The Dow industrials also fell more than 10 percent from its Oct. 3 record close during the session, before ending down 8.9 percent from the mark.
On Monday, the Dow Jones Industrial Average .DJI fell 245.39 points, or 0.99 percent, to 24,442.92, the S&P 500 .SPX lost 17.44 points, or 0.66 percent, to 2,641.25 and the Nasdaq Composite .IXIC dropped 116.92 points, or 1.63 percent, to 7,050.29, Major technology and growth stocks, such as Amazon.com Inc (AMZN.O), Google parent Alphabet Inc (GOOGL.O) and Netflix Inc (NFLX.O), posted sharp declines, The S&P 500 technology sector .SPLRCT fell 1.8 percent, The so-called FANG growth stocks - Facebook (FB.O), Amazon, Netflix and Alphabet - have lost more than $200 frech champagne bottle cufflinks billion in market value in the past two sessions..
FANGs fall on hard times - tmsnrt.rs/2P1lsab. The industrials sector .SPLRCI, which is seen as sensitive to trade issues, dropped 1.7 percent, with Boeing Co (BA.N) tumbling 6.6 percent. “The concern about global growth and global trade .. continues to create an overhang for U.S. corporations and global equities,” said Chad Morganlander, senior portfolio manager at Washington Crossing Advisors in Florham Park, New Jersey. “Growth stocks typically do poorly in situations of global growth decelerating,” he said. “You set yourself up for a more defensive market until there’s a clear sign that investors can grab hold of.”.
Market volatility has spiked in recent weeks, stemming from higher frech champagne bottle cufflinks U.S, interest rates and worries about economic growth peaking and trade tensions, Investors also may be increasingly nervous about uncertainty surrounding U.S, congressional elections, now just a week away, “Probably the most pervasive headwind is concern about midterm elections,” said Kristina Hooper, chief global market strategist at Invesco, “That is weighing down stocks, particularly technology as there is greater concern about regulation.”..
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