Across the country, the most popular category of item to pawn is electronics, especially Apple’s smartphones and laptops. However, there are tremendous regional differences, with guns and jewelry the most popular category in many states.
China has hit back at the Trump administration’s plan to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey and chemicals. Beijing’s list of 25% additional tariffs on U.S. goods covers 106 items with a trade value that is also $50 billion.
Global shares traded in the red, and the dollar slumped before a hike in US interest rates, while awaiting key guidance on how many more to expect for this year. S&P futures were little changed, while markets in Europe and Asia dropped.
After two consecutive days of failed S&P ignition attempts, in which US stocks opened sharply higher only to close near the lows, on Wednesday the algos will try for the third consecutive time to escape the recent late-day selloff funk.