Business News
Wall Street higher after latest tariff moves
U.S. stocks rose on Tuesday led by the technology and consumer sectors, as investors judged the latest exchange of blows in a trade war with China less damaging than first feared.
Year: 2018
Business News
EU to scrap lawsuit against Ireland after Apple pays back taxes
EU antitrust regulators plan to drop legal action against Ireland after iPhone maker Apple paid 13.1 billion euros ($15.3 billion) in back taxes following a regulatory order two years ago, the European Commission said on Tuesday.
Business News
Wall Street opens slightly higher as oil, tech resist tariff woes
U.S. stocks opened slightly higher on Tuesday, buoyed by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared.
Business News
China to penalize $60 billion of U.S. imports but reduce amount of tariffs it collects
China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products.
Trading Ideas
US stocks rise as traders size up new US tariffs on China
U.S. stocks rose in early trading Tuesday as investors weighed the White House’s decision to impose tariffs on another $200 billion of Chinese goods beginning next week. Gains in technology, energy and … …read more […]
Business News
Apple CEO says optimistic on U.S.-China trade talks
Apple Inc Chief Executive Tim Cook, whose products have been spared from new U.S. tariffs imposed on Chinese goods, said on Tuesday he was optimistic that the United States and China will eventually work through their trade differences.
Business News
Escalation in U.S.-Chinese trade conflict hits German firms: BDI
The escalation of the trade conflict between the United States and China is very concerning and will affect German firms, Germany’s BDI industry association said on Tuesday after the U.S. imposed further tariffs on Chinese imports.
Trading Ideas
Apple CEO says optimistic on U.S.-China trade talks
“I’m optimistic because trade is one of those things where it’s not a zero-sum game,” Cook told ABC News’ “Good Morning America” program on Tuesday. The iPhone was not among the ‘wide range’ of products that Apple told regulators would be hit by the $200 billion round of tariffs in a Sept. 5 comment letter to trade officials. Apple had feared for its Apple Watch and its wireless AirPod headphones, but both were left off the list announced on Monday. …read more […]
Business News
Ireland collects disputed Apple taxes in full ahead of appeal
Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc plus interest of 1.2 billion which it will hold in a escrow fund pending its appeal against an EU tax ruling, Ireland’s finance minister said on Tuesday.
Business News
Oil, tech sectors resist tariff woes
U.S. stock index futures pointed to a higher open for Wall Street on Tuesday, buoyed by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared.
Business News
Shares hold ground as U.S. and China ramp up trade war
Who’s afraid of the big bad trade war? Not world stock markets, it seems.
Trading Ideas
Looking for Value? Why It Might Be Time to Try Nucor (NUE)
Nucor (NUE) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well. …read more […]
Business News
Apple’s CEO says he is optimistic on U.S.-China trade talks
Apple Inc Chief Executive Tim Cook, whose products were spared from new U.S. tariffs on Chinese goods imposed on Monday, said he is optimistic that the United States and China will eventually work through their trade differences.
Business News
Ireland collects 14.3 billion euros from Apple ahead of tax appeal
Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc plus interest of 1.2 billion which it will hold in a escrow fund pending its appeal against an EU tax ruling, Ireland’s finance minister said on Tuesday.
Trading Ideas
Nutanix Shares Falter as Google Ups Ante in Hyperconvegence
Nutanix (NTNX) shares fall on reports of Google expanding into the fast-growing hyperconverged market. …read more […]