China’s targeting of U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess.
The S&P 500 and Dow rose on Friday as a clutch of upbeat quarterly earnings overshadowed worries of an escalating trade war between the United States and China, after Beijing proposed new tariffs on $60 billion worth of U.S. goods.
China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflict.
The U.S. economy is growing at a 4.4 percent annualized rate in the third quarter in the wake of the latest data on payrolls and services activity, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.
Stocks around the world edged higher on Friday on robust earnings, with consumer staples results boosting Wall Street, though a trade spat between the U.S. and China and tepid U.S. jobs numbers capped gains and weighed down the dollar.
Kraft Heinz Co topped quarterly profit and revenue estimates on Friday as the Tater Tots maker raised product prices and posted higher-than-expected sales from the United States for the first time in several quarters.
The S&P and Dow edged higher on Friday as a batch of strong earnings overshadowed worries of an escalating trade war between the United States and China, after Beijing proposed new tariffs on $60 billion worth of U.S. goods.
China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflict given current U.S. behavior.
The bond market’s gauge of investors’ inflation expectations trimmed earlier gains on Friday as nominal Treasury yields fell in the wake of government data that showed jobs growth was short of analyst expectations in July.
U.S. interest rates futures held steady on Friday, suggesting traders were sticking with their view the Federal Reserve would raise key overnight borrowing costs twice more in 2018 following a mixed payrolls report for July.
A top White House adviser warned China on Friday not to underestimate U.S. President Donald Trump’s resolve in a brewing trade battle between the world’s two largest economies, showing little concern over Beijing’s threat to impose retaliatory tariffs on $60 billion worth of U.S. goods.
Insurer American International Group Inc slid more than three percent in morning trading on Friday after executives tried to downplay another weak earnings report and vowed a turnaround was on the horizon.
Britain’s takeover regulator said on Friday that a review had confirmed its ruling that Walt Disney might have to offer at least 14 pounds a share to buy UK pay-television group Sky .
FedEx Corp said on Friday it would not charge customers extra fees for most packages delivered to homes during the peak holiday shopping season, except packages that are oversized, unauthorized or require additional handling.
U.S. stocks were flat on Friday, after gains in the consumer staples sector, boosted by Kraft Heinz’s strong earnings, were offset by data which showed job growth slowed in July and as China proposed new tariffs on $60 billion worth of U.S. goods.
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