Wall Street’s main indexes fell on Thursday ahead of critical trade negotiations between the United States and China, though they pared losses significantly after U.S. President Donald Trump said reaching a deal this week was possible.
U.S. President Donald Trump said on Thursday he was taking steps to authorize new tariffs on $325 billion in Chinese imports as officials prepared for last-ditch talks to avert an escalation of a trade war that threatens to derail the global economy.
Stock indexes around the world fell for a fourth day in a row on Thursday, but Wall Street pared its losses after comments from President Donald Trump about U.S.-China trade talks a day before the United States was due to raise tariffs on Chinese goods.
The U.S. goods trade deficit with China, a focus of the White House’s “America First” agenda, shrank to its smallest in five years in March, which could embolden President Donald Trump as he escalates his trade war on Beijing.
Facebook Inc quickly rejected a call from co-founder Chris Hughes on Thursday to split the world’s largest social media company in three, while lawmakers urged the U.S. Justice Department to launch an antitrust investigation.
French luxury goods group Kering said on Thursday it had agreed to pay a record 1.25 billion euros ($1.40 billion) to settle a dispute with Italian tax authorities centered on its fashion brand Gucci.
Facebook Inc quickly rejected a call from co-founder Chris Hughes on Thursday to split the world’s largest social media company in three, while lawmakers urged the U.S. Justice Department to launch an antitrust investigation.
Facebook Inc co-founder and Mark Zuckerberg’s former college roommate Chris Hughes urged U.S. regulators to break up the social media company in a New York Times opinion piece on Thursday.
Wall Street’s main indexes were lower on Thursday, as tensions flared up ahead of a high-stakes U.S.-China trade meeting, potentially prolonging a dispute that has threatened global financial markets and economic growth.
Facebook Inc co-founder Chris Hughes on Thursday called for the world’s largest social media company to be split in three and said Chief Executive Mark Zuckerberg should be held responsible for privacy lapses.
The Federal Communications Commission voted unanimously on Thursday to deny China Mobile Ltd’s bid to provide U.S. telecommunications services and said it was reviewing similar approvals held by two other Chinese telecom firms.
Panama’s Copa Airlines said on Thursday it has “full confidence” in its Boeing 737 MAX planes, which have been grounded worldwide since March after two fatal crashes.
U.S. President Donald Trump said on Thursday he had received a “beautiful letter” from Chinese President Xi Jinping as negotiations on a trade deal between the two countries continue in Washington.
Chevron Corp abandoned its takeover bid for Anadarko Petroleum Corp on Thursday, outmaneuvered by Occidental Petroleum Corp’s higher, $38 billion offer that included more than three times as much cash.
Prime Minister Giuseppe Conte said on Thursday there were no plans to nationalize ailing Italian bank Carige, adding that a market solution to save the lender had to be found instead.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
