U.S. stocks fell on Monday led by declines in Apple and Amazon as investors took profits ahead of President Donald Trump’s expected announcement of new tariffs on $200 billion of Chinese imports.
While U.S. states’ financial health has strengthened in 2018 compared with last year, fewer than half have enough financial reserves to weather the first year of a moderate recession, according to an S&P Global Ratings report on Monday.
Sep.17 — Terry Booth, Aurora Cannabis Inc. chief executive officer, discusses the possibility of developing cannabis drinks with Coca-Cola Co. He speaks with Bloomberg’s Amanda Lang and Shery Ahn on “Bloomberg Markets.” …read more […]
Fitbit shares erased their losses after a Bloomberg report said the US won’t include smartwatches in the next round of tariffs. The Asia-Pacific market was a bright spot for the company. Fitbit shares erased their losses after Bloomberg reported the US won’t include smartwatches on the list of $200 billion worth of Chinese goods that will be hit with upcoming tariffs. …read more […]
A product code that covers the Apple goods and similar smart watches and fitness trackers made by competitors including Fitbit Inc (FIT.N) is not on the list of Chinese products that will attract a tariff, Bloomberg reported. The United States is preparing to announce tariffs on an additional $200 billion worth of Chinese goods, top White House economic adviser Larry Kudlow said on Monday, as part of an intensifying trade dispute between the world’s two largest economies. …read more […]
Coca Cola Co said on Monday it was looking closely at the growing marijuana-infused drinks market, responding to a media report that the world’s largest beverage maker was in talks with Canada’s Aurora Cannabis Inc .
The United States will spare some technology products including Apple Inc’s Watch and AirPods from the next round of tariffs it is imposing on Chinese goods, Bloomberg reported on Monday, citing two people familiar with the matter.
A top economic adviser to President Donald Trump said on Monday he expects U.S. budget deficits of about 4 percent to 5 percent of the country’s economic output for the next one to two years, adding that there would likely be an effort in 2019 to cut spending on entitlement programs.
Vernon Unsworth, a British cave diver who helped rescue 12 Thai children trapped in a cave in July, is suing Tesla CEO Elon Musk for libel and slander, according to the lawsuit filed in a U.S. district court in California. …read more […]
Goldman Sachs Group Inc named Tim O’Neill as its vice-chairman, according to an internal memo seen by Reuters, the latest top-level appointment ahead of David Solomon taking charge as chief executive officer of the Wall Street bank.
Investors suing Volkswagen for billions in compensation from the hit to the carmaker’s share price from its diesel emissions scandal will have to wait until end-November for court hearings to continue, a German judge ruled on Monday.
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday. …read more […]
A second trial between Apple Inc and Qualcomm Inc before the U.S. International Trade Commission began Monday in Washington, D.C., with the iPhone maker squaring off against the world’s biggest mobile chipmaker over whether Apple should be banned from importing several recent iPhone models to the United States.
Apple and Qualcomm are locked in a wide-ranging legal dispute in which Apple has accused Qualcomm of unfair patent licensing practices. Qualcomm, the world’s largest mobile phone chipmaker, has in turn accused Apple of patent infringement. …read more […]
The United States is ready to negotiate a trade deal with China whenever Beijing is prepared for serious talks that will reduce tariffs and eliminate non-tariff trade barriers, top White House economic adviser Larry Kudlow said on Monday.
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