President Donald Trump said on Friday China has to do a lot in order to turn things around in trade negotiations with the United States and that he can increase tariffs on Chinese goods.
Wall Street extended its sell-off on Friday amid renewed trade fears, capping a week where the benchmark S&P 500 index and the Nasdaq saw their worst weekly percentage plunges since December, when investors were spooked by the prospect of a looming recession.
Wall Street extended its sell-off on Friday as renewed U.S.-China trade jitters and a slowdown in job growth put all three major U.S. stock indexes on pace for their worst week since December, when markets hit their trough amid recession fears.
CBS Corp and sister company Viacom Inc have reached a working agreement on the combined company’s leadership team, the Wall Street Journal reported on Friday, citing sources familiar with the matter.
China on Friday vowed to fight back against U.S. President Donald Trump’s abrupt decision to slap 10% tariffs on the remaining $300 billion in Chinese imports, a move that ended a month-long trade truce.
A group of 12 states led by California and New York on Friday challenged the Trump administration’s decision to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers that fail to meet fuel efficiency requirements.
A measure of stocks across the globe was on track to post its largest weekly loss of the year on Friday while yields in U.S. and German debt were near multi-year lows, after China vowed to retaliate against a possible new round of U.S. tariffs.
Oil prices gained about 3% on Friday a day after recording their biggest daily drop in several years on U.S. President Donald Trump’s vow to impose more tariffs on Chinese imports.
U.S. Transportation Secretary Elaine Chao is set to grant tentative approval on Friday for an expanded transatlantic joint venture including Delta Air Lines Inc , Air France KLM SA and Virgin Atlantic, a source briefed on the matter said.
Oil prices were up 3% on Friday, a partial rebound from their biggest daily drop in several years on U.S. President Donald Trump’s vow to impose more tariffs on Chinese imports.
India’s biggest automaker, Maruti Suzuki India Ltd , said it had cut the number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia’s third largest economy.
China’s new ambassador to the United Nations, Zhang Jun, said on Friday that if the United States wanted to fight China on trade, “then we will fight” and warned that Beijing was prepared to take countermeasures over new U.S. tariffs.
Quarterly reports next week from Walt Disney Co , CBS and Viacom will likely highlight increasing competition in video streaming and could spark volatility in the so-called communication services sector, which has outperformed since it was overhauled last year.
Alphabet Inc’s Google will allow rivals to compete to be the default search engines on new Android devices in Europe, but they will have to pay for the privilege.
Cboe Global Markets Inc plans to build a research and data platform that will provide its customers with trading insights and spur new financial products, the exchange operator said after posting better-than-expected earnings on Friday.
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