Apple warns Trump that more China tariffs will help rivals - BBC News

Apple has joined a growing chorus of firms urging the Trump administration to drop a plan for more US tariffs on Chinese goods.

The US has said it may impose duties on $300bn (£236.1bn) worth of Chinese products if the two sides can't reach a trade deal.

In a letter, Apple "urged" the White House to drop the tariff plan.

The tech giant said the duties would "tilt the playing field" to its global rivals.

The company said the proposed tariffs would cover its major products including iPhone, iPads and Airpods, as well as parts used to repair devices in the US.

"We urge the US government not to impose tariffs on these products," Apple said in its filing to US Trade Representative Robert Lighthizer, who is considering submissions on the proposed duties.

The company said more tariffs would hurt its "global competitiveness".

Apple said its Chinese competitors - which include top smartphone maker Huawei - do not have a "significant presence" in the US market and would not be impacted by US duties.

"A US tariff would, therefore, tilt the playing field in favour of our global competitors," the company wrote.

It follows reports that the Silicon Valley giant has asked suppliers to explore shifting some production out of China in response to the ongoing trade battle between Washington and Beijing.

Apple joins a string of other companies pushing the Trump administration to abandon plans for more tariffs on Chinese goods citing risks to their business and consumers.

• Shoe giants urge Trump to end trade war
• US-China trade war in 300 words

In a joint submission filed this week, tech firms Microsoft, Dell and HP and Intel said the proposed tariffs would increase prices for laptops and tablets by at least 19%.

Escalating battle

The US reignited the trade war last month by raising tariffs on billions of dollars worth of Chinese goods, prompting Beijing to retaliate.

The two countries have been in an escalating conflict over trade for the past year. The scope of the battle has expanded in recent months as Washington has tightened trade restrictions on Chinese telecoms giant Huawei.

• What Huawei battle tells us about US and China

Hopes for an imminent deal were shattered in May after the Trump administration more than doubled tariffs on $200bn of Chinese imports and threatened additional duties.

Tariffs imposed by both countries over the past year have weighed on the global economy and hit financial markets.

Still, the prospect of a resolution was raised this week as US President Donald Trump said trade negotiations are set to resume shortly.

The talks lead up to a closely watched meeting between Mr Trump and Chinese President Xi Jinping at the G20 summit in Japan later this month.

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2019-06-21 02:00:51Z
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S&P 500 Sets Record High as Fed Signals Interest Rate Cuts, Oil Prices Surge - TheStreet.com

• The S&P 500 set an intraday record high Thursday as investors were spurred on by signals of lower interest rates from the Federal Reserve.
• Oracle (ORCL - Get Report) rose after the enterprise software company topped analysts' earnings and revenue expectations for its fiscal fourth quarter, and said first-quarter profit likely would top forecasts. Oracle is Real Money's Stock of the Day.
• Tesla (TSLA - Get Report) shares fell after analysts at Goldman Sachs cut their price target on the stock while arguing that Wall Street demand forecasts for the clean-energy carmaker likely are too optimistic.

Wall Street Overview

The S&P 500 set an intraday record high Thursday as investors were spurred on by signals of lower interest rates from the Federal Reserve and as unrest in the Strait of Hormuz and a presidential tweet sent oil prices climbing.

The S&P 500 surpassed its April 30 closing record of 2,945.64 and was up recently by 0.64% to 2,945. The Dow Jones Industrial Average climbed 171 points, or 0.65%, to 26,675, roughly 150 points shy of its own record of 26,828.39. The Nasdaq was up 0.62%.

Fed Chairman Jerome Powell and his colleagues on the Federal Open Market Committee dropped a reference that they would be "patient" in monitoring incoming data in a statement Wednesday, following the central bank's decision to hold interest rates steady. The Fed instead said it would act "as appropriate" in order to sustain an economic expansion of nearly 10 years.

Powell defied President Donald Trump by holding rates steady, but he did prime the market for multiple rate cuts between now and the end of the year.

"Stocks' resilience in the face of growing U.S.-Iranian geopolitical tension is a stark reminder not to fight the Fed," said Alec Young, managing director of global markets research, FTSE Russell. "As the central bank's dovish messaging continues to drive interest rates lower, it's inoculating investors from other risks as the cost of capital and competition from bonds both fall. It will be interesting to see if this continues should next week's G20 meeting fail to live up to investors' lofty expectations for a US-China trade breakthrough."

Oil prices rose sharply Thursday after the United States confirmed a naval surveillance drone was shot down over the Strait of Hormuz by an Iranian missile. Prices surged even more when Trump tweeted, "Iran made a very big mistake!"

"The president's tweet sent oil another leg higher breaking it out of its short-term downtrend," said Phil Flynn, an analyst at Price Futures Group in Chicago. "The odds of a conflict is rising and if the fighting involves the Strait of Hormuz it could get very dangerous. Of course, the Fed and strong demand is helping as well."

Brent crude was up 3.85% to $64.20 a barrel, while West Texas Intermediate crude rose 5.45% to $56.21 a barrel. 

The news had oil stocks rising, with such companies as ExxonMobil (XOM - Get Report) , Chevron (CVX - Get Report) , and Noble Energy (NBL - Get Report) all posting gains.

Oracle (ORCL - Get Report) rose 8.1% to $57.97 after the enterprise software company topped analysts' earnings and revenue expectations for its fiscal fourth quarter, and said first-quarter profit likely would top forecasts. Oracle is Real Money's Stock of the Day.

Tesla (TSLA - Get Report)  shares fell 2.7% to $220.35 after analysts at Goldman Sachs cut their price target on the stock while arguing that Wall Street demand forecasts for the clean-energy carmaker are likely too optimistic.

Shares of Darden Restaurants (DRI - Get Report) fell  almost 1% to $118.39 after the operator of Olive Garden, Longhorn Steakhouse and Cheddar's Scratch Chicken restaurant chains missed Wall Street's fourth-quarter earnings expectations.

Kroger ( KR - Get Report) shares fell 1.1% to $23.38 after the grocery store chain reported fiscal first-quarter earnings just ahead of analysts' forecasts amid improving sales of its Kroger-branded products, though not enough to impress shareholders.

The New York Stock Exchange set the reference price for Slack Technologies' direct public offering Thursday at $26. The workplace messaging platform's DPO bypasses the traditional underwriting process. Slack will trade under symbol " (WORK) ."

In economic news, the Philadelphia Federal Reserve's manufacturing index fell to 0.3 in June from 16.6 in May, the lowest read since February, when the index fell to hit zero. Initial jobless claims, a rough way to measure layoffs, fell by 6,000 to 216,000 in the seven days ended June 15. Economists were expecting estimated new claims to total a seasonally adjusted 220,000.

Canopy Growth (CGC - Get Report) , whose shareholders approved a $3.4 billion merger with U.S. cannabis company Acreage Holdings (ACRGF)  on Wednesday, is scheduled to report earnings after Thursday's closing bell.

Watch: Canopy Has Some Built in Advantages Over Cannabis Competitors

What Jim Cramer Doesn't Like About Slack's Direct Listing

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2019-06-20 16:05:00Z
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S&P 500 Sets Record High as Fed Signals Interest Rate Cuts - TheStreet.com

• The S&P 500 set an intraday record high Thursday as investors were spurred on by signals of lower interest rates from the Federal Reserve.
• Oracle (ORCL - Get Report) rose after the enterprise software company topped analysts' earnings and revenue expectations for its fiscal fourth quarter, and said first-quarter profit likely would top forecasts. Oracle is Real Money's Stock of the Day.
• Tesla (TSLA - Get Report) shares fell after analysts at Goldman Sachs cut their price target on the stock while arguing that Wall Street demand forecasts for the clean-energy carmaker likely are too optimistic.

Wall Street Overview

The S&P 500 set an intraday record high Thursday as investors were spurred on by signals of lower interest rates from the Federal Reserve.

The S&P 500 surpassed its April 30 closing record of 2,945.64 and was up recently by 0.84% to 2,951. The Dow Jones Industrial Average climbed 215 points, or 0.81%, to 26,719, roughly 100 points shy of its own record of 26,828.39. The Nasdaq was up 0.94%.

Fed Chairman Jerome Powell and his colleagues on the Federal Open Market Committee dropped a reference that they would be "patient" in monitoring incoming data in a statement Wednesday, following the central bank's decision to hold interest rates steady. The Fed instead said it would act "as appropriate" in order to sustain an economic expansion of nearly 10 years.

Powell defied President Donald Trump by holding rates steady, but he did prime the market for multiple rate cuts between now and the end of the year.

"Stocks' resilience in the face of growing U.S.-Iranian geopolitical tension is a stark reminder not to fight the Fed," said Alec Young, managing director of global markets research, FTSE Russell. "As the central bank's dovish messaging continues to drive interest rates lower, it's inoculating investors from other risks as the cost of capital and competition from bonds both fall. It will be interesting to see if this continues should next week's G20 meeting fail to live up to investors' lofty expectations for a US-China trade breakthrough."

Oil prices rose sharply Thursday after the United States confirmed a naval surveillance drone was shot down over the Strait of Hormuz by an Iranian missile. Prices surged even more when Trump tweeted, "Iran made a very big mistake!"

Brent crude was up 2.96% to $63.65 a barrel, while West Texas Intermediate crude rose 4.2% to $56.21 a barrel.

Oracle (ORCL - Get Report) rose 8.6% to $57.19 after the enterprise software company topped analysts' earnings and revenue expectations for its fiscal fourth quarter, and said first-quarter profit likely would top forecasts. Oracle is Real Money's Stock of the Day.

Tesla (TSLA - Get Report)  shares fell 1.1% to $223.99 after analysts at Goldman Sachs cut their price target on the stock while arguing that Wall Street demand forecasts for the clean-energy carmaker are likely too optimistic.

Shares of Darden Restaurants (DRI - Get Report) fell 1% to $116.22 after the operator of Olive Garden, Longhorn Steakhouse and Cheddar's Scratch Chicken restaurant chains missed Wall Street's fourth-quarter earnings expectations.

Kroger ( KR - Get Report) shares fell 1.1% to $23.38 after the grocery store chain reported fiscal first-quarter earnings just ahead of analysts' forecasts amid improving sales of its Kroger-branded products, though not enough to impress shareholders.

The New York Stock Exchange set the reference price for Slack Technologies' direct public offering Thursday at $26. The workplace messaging platform's DPO bypasses the traditional underwriting process. Slack will trade under symbol " (WORK) ."

In economic news, the Philadelphia Federal Reserve's manufacturing index fell to 0.3 in June from 16.6 in May, the lowest read since February, when the index fell to hit zero. Initial jobless claims, a rough way to measure layoffs, fell by 6,000 to 216,000 in the seven days ended June 15. Economists were expecting estimated new claims to total a seasonally adjusted 220,000.

Canopy Growth (CGC - Get Report) , whose shareholders approved a $3.4 billion merger with U.S. cannabis company Acreage Holdings (ACRGF)  on Wednesday, is scheduled to report earnings after Thursday's closing bell.

Watch: Canopy Has Some Built in Advantages Over Cannabis Competitors

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2019-06-20 14:30:00Z
52780317910922

S&P 500 hits first intraday record since May as Fed abandons ‘patience’ - MarketWatch

• S&P 500 index notches first intraday record since May 1
• The Dow is trading at its highest level since its Oct. 3 all-time high
• Gold surges 2.6% to $1,384.50 an ounce, hitting a 5-year high
• Enterprise-software messaging company Slack Technologies is slated to list on the NYSE

U.S. stock indexes Thursday extended gains to a fourth straight day, testing fresh records after the Federal Reserve signaled that policy easing may be forthcoming to sustain the economy.

How are benchmarks faring?

The Dow Jones Industrial Average DJIA, +0.69% rose 232 points, or 0.9%, at 27,735, marking its highest trading level since Oct.3. The S&P 500 index SPX, +0.67% gained 27 points, or 0.9%, at 2,953, trading above its April 30 closing record at 2,945.83 and touching a new intraday peak at 2,956.20, surpassing its May 1 intraday record. Meanwhile, the Nasdaq Composite Index COMP, +0.74% climbed 88 points, or 1.1%, trading about 1% from its May 3 closing high at 8,164.

What’s driving the market?

Fed Chairman Jerome Powell on Wednesday strongly implied that the central bank would cut benchmark interest rates, currently at a range of 2.25%-2.50%, in the coming weeks if the economic outlook buffeted by U.S.-China trade tensions doesn’t show signs of improvement.

“The case for somewhat more accommodative policy has strengthened,” Powell said at a news conference on Wednesday to discuss the rate-setting Federal Open Market Committee’s highly anticipated decision. Policy makers kept rates unchanged as expected but removed the word “patient” from its updated policy statement, suggesting that it is ready to act soon.

Although markets have been widely anticipating that the Fed would respond to growing signs of stress in the economy, the central bank’s posture on looser monetary policy was seen as providing a strong case for the continued rise in stocks despite concerns about lurking economic problems.

The Fed remained mostly optimistic about the outlook, but said inflationary pressures have receded, compelling it to lower its forecast for PCE inflation in 2019 to 1.5% from 1.8%, below its 2% target. At the same time, it left its gross domestic product estimate at 2.1%.

Curiously low inflation has been often cited by FOMC members as one of the key reasons for its doubts about its monetary policy path. The Fed next meets July 30-31, while President Donald Trump is expected to speak to Chinese President Xi Jinping on the sidelines of the coming Group of 20 meeting of well-developed nations in Japan in late June, where a detente on trade policy could be reached.

See: Recap of Fed decision and Powell press conference

Dovish rhetoric from central-bank policy makers across the globe this week has helped to send commodity prices, and particularly gold, rocketing higher, with heightened expectation that interest rates, which can undercut appetite for bullion, will could be lowered.

Bank of Japan Gov. Haruhiko Kuroda and the Bank of England on Thursday, joined the chorus of bankers including Powell and European Central Bank President Mario Draghi, signaling a readiness to increase stimulus should global risks at least partly spurred by trade, worsen.

The BOJ’s Kuroda said “we’ll of course consider expanding stimulus without hesitation,” he told a news conference, according to Reuters.

Which data are in focus?

The Philadelphia Fed manufacturing index in June fell to just 0.3 after registering a four-month high of 16.6 in the prior month. Any reading above zero indicates improving conditions. Economists polled by MarketWatch expected an 8 reading.

Initial jobless claims, a rough way to measure layoffs, fell by 6,000 to 216,000 in the seven days ended June 15, the government said Thursday.

What are strategists saying?

“The indices are set to open higher along with soaring gold and oil prices. Mounting geopolitical tensions continue to ignite a rush to safety while hopes of a rate cut dominate the equity markets,” Peter Cardillo, chief market economist at Spartan Capital Securities.

“Powell’s press conference [on Wednesday] showed some reluctance, but it seems markets are certain the Fed will cut in July. If data deterioration is worst than expected, calls for a 50-basis cut at the July meeting will grow in the coming weeks,” wrote Edward Moya, senior market analyst at Oanda in a daily research note.

Which stocks are in focus

Slack Technologies Inc. WORK, +0.00% is set to make its debut on the New York Stock Exchange in an unusual direct listing of the enterprise software company. Here’s what you should know.

How are other assets trading?

Before the U.S. markets opened on Thursday, Hong Kong’s Hang Seng Index HSI, +1.23% rose 1.2% and China’s Shanghai Composite Index SHCOMP, +2.38% rallied by 2.4%. Japan’s Nikkei 225 NIK, +0.60% meanwhile, closed up 0.6%, while in Europe, the Stoxx Europe 600 SXXP, +0.48% traded 0.6% higher.

Gold futures GCQ19, +2.68% meanwhile, surged 2.6%, to the highest level since 2013 at $1,384.50 an ounce, while the 10-year Treasury note TMUBMUSD10Y, -1.91% touched a yield below 2%, and the U.S. dollar, as measured by the ICE U.S. Dollar Index DXY, -0.44% fell 0.5% to 96.67.

Crude-oil prices CLU19, +4.94%  surged amid geopolitical tensions in the Middle East. Iran says it shot down a U.S. drone in its airspace.

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2019-06-20 14:10:00Z
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Slack CEO, ahead of NYSE debut, predicts the end of company email as we know it in 7 years - CNBC

The workplace-messaging firm Slack is confident that it will speed toward ending the world of email as we know it inside companies in the next seven years, predicts co-founder and CEO Stewart Butterfield.

"Inside our companies, I think that's happening faster and faster. Over the next few years, certainly over the next five-to-seven years, we'll see a faster change," he said. But he added, "The broader world of email will stick around."

Slack's paying customers total over 95,000 — with more than 10 million daily active users, the company said in a regulatory filing.

Conventional email will phase out between those users between five to seven years from now, Butterfield estimated.

"Everyone will choose this," he said of his platform, where companies can set up both public and private channels for employees to collaborate and direct messaging each other.

Butterfield spoke with CNBC's Andrew Ross Sorkin on "Squawk Box," ahead of the company's stock debut on the New York Stock Exchange on Thursday.

Slack's listing is different from the slew of other tech IPOs this year, including Uber, Lyft, Pinterest and Chewy.

Like music streaming service Spotify, Slack decided to pursue a so-called direct listing, rather than a traditional initial public offering.

Direct listings allow a company to go public without involving underwriters — those intermediaries who buy shares from the company or insiders and then sell them to the public. Instead, the shares simply begin trading on an exchange.

The NYSE has set a "reference price" of $26 per share for Slack, based roughly on the price of private trades over the last few months.

— CNBC's Bob Pisani contributed to this report.

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2019-06-20 12:57:22Z
52780317080701

S&P 500 hits first intraday record since May as Fed abandons ‘patience’ - MarketWatch

• S&P 500 index notches first intraday record since May 1
• The Dow is trading at its highest level since its Oct. 3 all-time high
• Gold surges 2.6% to $1,384.50 an ounce, hitting a 5-year high
• Enterprise-software messaging company Slack Technologies is slated to list on the NYSE

U.S. stock indexes Thursday extended gains to a fourth straight day, testing fresh records after the Federal Reserve signaled that policy easing may be forthcoming to sustain the economy.

How are benchmarks faring?

The Dow Jones Industrial Average DJIA, +0.88% rose 250 points, or 0.9%, at 27,747, marking its highest trading level since Oct.3. The S&P 500 index SPX, +0.92% gained 28 points, or 1%, at 2,955, trading above its April 30 closing record at 2,945.83 and touching a new intraday peak at 2,956.20, surpassing its May 1 intraday record. Meanwhile, the Nasdaq Composite Index COMP, +1.07% climbed 88 points, or 1.1%, trading about 1% from its May 3 closing high at 8,164.

What’s driving the market?

Fed Chairman Jerome Powell on Wednesday strongly implied that the central bank would cut benchmark interest rates, currently at a range of 2.25%-2.50%, in the coming weeks if the economic outlook buffeted by U.S.-China trade tensions doesn’t show signs of improvement.

“The case for somewhat more accommodative policy has strengthened,” Powell said at a news conference on Wednesday to discuss the rate-setting Federal Open Market Committee’s highly anticipated decision. Policy makers kept rates unchanged as expected but removed the word “patient” from its updated policy statement, suggesting that it is ready to act soon.

Although markets have been widely anticipating that the Fed would respond to growing signs of stress in the economy, the central bank’s posture on looser monetary policy was seen as providing a strong case for the continued rise in stocks despite concerns about lurking economic problems.

The Fed remained mostly optimistic about the outlook, but said inflationary pressures have receded, compelling it to lower its forecast for PCE inflation in 2019 to 1.5% from 1.8%, below its 2% target. At the same time, it left its gross domestic product estimate at 2.1%.

Curiously low inflation has been often cited by FOMC members as one of the key reasons for its doubts about its monetary policy path. The Fed next meets July 30-31, while President Donald Trump is expected to speak to Chinese President Xi Jinping on the sidelines of the coming Group of 20 meeting of well-developed nations in Japan in late June, where a detente on trade policy could be reached.

See: Recap of Fed decision and Powell press conference

Dovish rhetoric from central-bank policy makers across the globe this week has helped to send commodity prices, and particularly gold, rocketing higher, with heightened expectation that interest rates, which can undercut appetite for bullion, will could be lowered.

Bank of Japan Gov. Haruhiko Kuroda and the Bank of England on Thursday, joined the chorus of bankers including Powell and European Central Bank President Mario Draghi, signaling a readiness to increase stimulus should global risks at least partly spurred by trade, worsen.

The BOJ’s Kuroda said “we’ll of course consider expanding stimulus without hesitation,” he told a news conference, according to Reuters.

Which data are in focus?

The Philadelphia Fed manufacturing index in June fell to just 0.3 after registering a four-month high of 16.6 in the prior month. Any reading above zero indicates improving conditions. Economists polled by MarketWatch expected an 8 reading.

Initial jobless claims, a rough way to measure layoffs, fell by 6,000 to 216,000 in the seven days ended June 15, the government said Thursday.

What are strategists saying?

“The indices are set to open higher along with soaring gold and oil prices. Mounting geopolitical tensions continue to ignite a rush to safety while hopes of a rate cut dominate the equity markets,” Peter Cardillo, chief market economist at Spartan Capital Securities.

“Powell’s press conference [on Wednesday] showed some reluctance, but it seems markets are certain the Fed will cut in July. If data deterioration is worst than expected, calls for a 50-basis cut at the July meeting will grow in the coming weeks,” wrote Edward Moya, senior market analyst at Oanda in a daily research note.

Which stocks are in focus

Slack Technologies Inc. WORK, +0.00% is set to make its debut on the New York Stock Exchange in an unusual direct listing of the enterprise software company. Here’s what you should know.

How are other assets trading?

Before the U.S. markets opened on Thursday, Hong Kong’s Hang Seng Index HSI, +1.23% rose 1.2% and China’s Shanghai Composite Index SHCOMP, +2.38% rallied by 2.4%. Japan’s Nikkei 225 NIK, +0.60% meanwhile, closed up 0.6%, while in Europe, the Stoxx Europe 600 SXXP, +0.64% traded 0.6% higher.

Gold futures GCQ19, +2.73% meanwhile, surged 2.6%, to the highest level since 2013 at $1,384.50 an ounce, while the 10-year Treasury note TMUBMUSD10Y, -1.23% touched a yield below 2%, and the U.S. dollar, as measured by the ICE U.S. Dollar Index DXY, -0.43% fell 0.5% to 96.67.

Crude-oil prices CLU19, +4.07%  surged amid geopolitical tensions in the Middle East. Iran says it shot down a U.S. drone in its airspace.

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2019-06-20 13:52:00Z
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Futures power higher on Fed effect By Reuters - Investing.com

© Reuters. FILE PHOTO: Traders work on the floor at the NYSE in New York

By Shreyashi Sanyal

(Reuters) - U.S. stock index futures jumped on Thursday after the Federal Reserve indicated that it was ready to cut interest rates as soon as next month to counter growing risks to global and domestic growth.

The central bank left interest rates unchanged at the end of its June policy meeting on Wednesday, but pledged to "act as appropriate" to sustain economic health.

The and the added to gains and are just 0.6% away from their record high closes set in late April, but the more-than-expected dovish Fed led to U.S. treasury bond yields tumbling.

At 7:20 a.m. ET, were up 210 points, or 0.79%. were up 24.25 points, or 0.83%, and were up 94 points, or 1.22%.

Top Chinese and U.S. officials will resume trade talks in accordance with the wishes of their leaders, but China hopes the United States will create the necessary conditions for dialogue, the Chinese commerce ministry said on Thursday.

Among stocks, Apple Inc (NASDAQ:) rose 1.2% in premarket trading after Evercore ISI raised its price target on the iPhone maker, saying investors are underappreciating a large growth opportunity.

Boeing (NYSE:) Co gained 1.4% after the planemaker said it is in talks with other airlines for sales of its 737 MAX after receiving a letter of intent for 200 of the grounded planes from British Airways owner IAG (LON:).

Oracle Corp (NYSE:) jumped 6.1% after the business software maker forecast current-quarter profit above estimates as it benefited from demand for its on-premise IT, cloud services and license support businesses.

Cruise operator Carnival (NYSE:) Corp slid 7.2% after cutting its profit forecast for the year on the Trump administration's sudden ban on cruises to Cuba and expected lower ticket prices in the coming months.

Rivals Royal Caribbean Cruises Ltd and Norwegian Cruise Line Holdings Ltd also fell.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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2019-06-20 12:00:00Z
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