TAIPEI (Reuters) – Foxconn , the world’s largest electronics contract manufacturer, on Friday said the U.S. and Chinese governments are engaged in a technology war, not a trade war, describing the spat as the biggest challenge the Taiwanese company is facing.
TOKYO (Reuters) – Asian shares slid to their lowest in six months on Friday, on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy ahead of an OPEC meeting to discuss raising output.
TAIPEI (Reuters) – Foxconn, the world’s largest electronics contract manufacturer and a major supplier for Apple Inc , said on Friday the biggest challenge the company is facing is the trade war between Washington and Beijing.
TOKYO (Reuters) – Asian shares were under pressure on Friday on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising output.
Jun.21 — Chinese President Xi Jinping hit back at critics, saying those who think the nation’s opening up is “a joke” haven’t seen the confidence that Chinese people have in reform efforts. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak: Asia.” …read more […]
LOS ANGELES/SAN FRANCISCO (Reuters) – Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees.
LOS ANGELES/SAN FRANCISCO (Reuters) – Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees. The latest cuts to the division that was once SolarCity – a sales and installation company founded by two cousins of Tesla CEO Elon Musk – include closing about a dozen installation facilities, according to internal company documents, and ending a retail partnership with Home Depot Inc …read more […]
NEW YORK (Reuters) – Complying with a U.S. Supreme Court ruling on Thursday that forces online retailers to collect sales tax just like their brick-and-mortar counterparts will be a heavy burden for smaller e-commerce businesses.
WASHINGTON (Reuters) – The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress test on Thursday, showing they have enough capital to withstand an extreme recession.
(Reuters) – A federal judge on Thursday dismissed a lawsuit accusing Credit Suisse Group AG of withholding up to $300 million of compensation from U.S.-based brokers when it closed their private banking unit in 2015.
(Reuters) – Walt Disney Co said on Thursday it was willing to divest Twenty-First Century Fox Inc assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization to get a regulatory nod for the deal.
Gambling stocks are always among the most popular on Wall Street. Luckily for investors, now is also a great time to be buying gambling stocks, as continued Vegas strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices. Check out these casino stocks today! …read more […]
NEW YORK (Reuters) – Stock index provider MSCI said on Thursday it extended its review of how to treat stocks with unequal voting rights and expects to make a decision by the end of October.
Paul Tudor Jones “Hopefully I will be REALLY short”
WASHINGTON/FRANKFURT/BEIJING (Reuters) – An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war has claimed another victim – Germany’s auto sector.
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