World share indexes registered their biggest weekly declines in almost six months in a volatile session on Friday as investors weighed solid U.S. economic data against expectations for higher interest rates and U.S. trade tensions on multiple fronts.
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Apple Inc said on Friday the proposed tariffs by President Donald Trump covers a wide range of its products, including Apple Watch and AirPods, but did not name iPhones.
U.S. President Donald Trump warned on Friday that he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion in Chinese goods on top of $200 billion in imports now primed for levies in coming days.
In a speech last month Federal Reserve Chair Jerome Powell voiced doubts about the usefulness of some of the key economic measures officials have been relying on to guide U.S. interest rate policy in recent years.
Wall Street’s major indexes fell on Friday as U.S. President Donald Trump raised the possibility of additional tariffs on imports of Chinese goods and reports suggested that products from Apple Inc could be subjected to those levies.
Kraft Heinz Co is feeling the pinch from trade conflicts and rising costs, but is still willing to consider an acquisition to fuel growth, its chief executive officer said on Friday.
Canada’s top trade negotiator said on Friday she and her U.S. counterpart were making “very good progress” in talks to save the North American Free Trade Agreement amid increasing Canadian optimism that a deal could be reached.
Manufacturer Pirelli said on Friday it had ceased operations in Venezuela, selling its car tire factory for an unspecified amount and adding to the flood of foreign businesses abandoning the crisis-wracked country.
World share indexes limped toward their worst week in almost six months on Friday and trading was volatile as investors weighed solid economic data against expectations for interest rate hikes and escalating U.S.-China trade tensions.
Mondelez International Inc forecast smaller-than-expected earnings growth for 2019 as Chief Executive Dirk Van de Put unveiled a series of strategic changes, sending the Chips Ahoy-maker’s shares down 2.8 percent on Friday
A healthy outlook for U.S. revenue growth stands to soothe stock investors worried about the effect on corporate profits from tax cuts wearing off next year.
Proxy adviser Institutional Shareholder Services on Friday recommended that investors vote in favor of a shareholder proposal at American Outdoor Brands Corp, parent of gun maker Smith & Wesson, calling for a report on the safety of the company’s products.
The U.S. Securities and Exchange Commission said on Friday it has charged 10 individuals and 10 associated entities in long-running microcap “pump-and-dump” schemes.
U.S. President Donald Trump warned on Friday that he has tariffs ready to go on $267 billion worth of Chinese imports in addition to the $200 billion of the Asian nation’s goods already facing the risk of duties.
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