U.S. House of Representatives Speaker Paul Ryan said on Wednesday tariffs are not the right tool to use in the trade dispute with China, although Beijing engages in unfair trade practices.
U.S. President Donald Trump called Pfizer Chief Executive Ian Read on Tuesday and discussed the company’s July 1 price hikes for 10 to 15 minutes, communicating that the increases had complicated the administration’s drug pricing plans, according to a source familiar with the matter.
The euro rose to a daily high on Wednesday after a report that European Central Bank policymakers were split over when the central bank would raise rates next year.
After spending the last couple of weeks closing the deal to buy TimeWarner for …read more […]
U.S stocks slid on Wednesday amid a broad selloff on escalating trade war tensions after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods.
U.S. wholesale inventories were a bit higher than initially estimated in May amid strong increases in the stocks of machinery and a range of other goods.
The 12 boys rescued from deep within a flooded cave in northern Thailand made two-finger victory signs from their hospital beds on Wednesday in a moving video from the isolation ward where they’re recuperating from their 18-day ordeal. …read more […]
Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals.
U.S. loan applications to refinance existing homes fell to their lowest in over 17-1/2 years even as most 30-year home borrowing costs fell last week, data from the Mortgage Bankers Association showed on Wednesday.
AT&T Inc. said it’s investing in Magic Leap Inc., the augmented reality headset startup, forming a partnership that will also make it the “exclusive wireless distributor” for Magic Leap products in the U.S. Financial terms of the deal were not disclosed, but a spokesperson for Magic Leap said AT&T’s investment completes the company’s latest fundraising round, which the company said in March totaled $963 million. Magic Leap has raised more than $2.3 billion overall and has been valued at more than $6 billion. …read more […]
U.S. stocks opened lower on Wednesday, halting a four-day run of gains after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods.
U.S. producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years.
U.S. stocks were set to open lower on Wednesday, halting a four-day run of gains after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods, dampening hopes of a compromise on trade.
The news comes a day after the company decided to defer drug price increases for no more than six months, following criticism from U.S. President Donald Trump for raising list prices of some medicines. The units would be Innovative Medicines, Established Medicines and Consumer Healthcare. The company is currently split into two units – Innovative Medicines, which includes the consumer business, and Essential Health. …read more […]
The euro fell on Thursday after Washington threatened 10 percent tariffs on $200 billion worth of Chinese imports in an escalating trade conflict that has heightened worries that the euro zone economy could be hurt.
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