Business News
Dish results beat estimates, shares rise
U.S. satellite TV provider Dish Network Corp reported better-than-expected quarterly profit and revenue on Friday, as the company lost fewer subscribers than expected.
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Business News
Trump adviser Kudlow warns China after new tariffs announced
White House economic adviser Larry Kudlow warned China after it announced retaliatory tariffs on $60 billion worth of U.S. goods on Friday, saying Beijing should not underestimate U.S. President Donald Trump’s determination to act on trade.
Business News
China’s Unipec suspends U.S. oil imports as trade spat intensifies
China’s Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday.
Business News
U.S. job growth slows in July, unemployment rate dips
U.S. job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that the labor market was tightening.
Business News
China unveils retaliatory tariffs on $60 billion of U.S. goods in latest salvo
China on Friday announced retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft and warned of further measures, signaling that it won’t back down in a protracted trade war with Washington.
Business News
U.S. June trade deficit posts biggest rise in 1-1/2 years
The U.S. trade deficit recorded its biggest increase in more than 1-1/2 years in June as the boost to exports from soybean shipments faded and higher oil prices lifted the import bill.
Business News
U.S. job growth slows in July, unemployment rate drops
U.S. job growth slowed more than expected in July likely due to companies’ struggles to find qualified workers and the unemployment rate declined, pointing to tightening labor market conditions.
Business News
U.S. July payrolls rise less than expected
U.S. job growth slowed more than expected in July, likely due to companies’ struggles to find qualified workers, and the unemployment rate declined, pointing to tightening labor market conditions.
Business News
Futures flat after July jobs data
U.S. stock index futures gave up early gains to trade flat on Friday after data showed U.S. job growth slowed more than expected in July.
Business News
China says its latest proposed tariffs on U.S. goods rational, restrained
China’s Commerce Ministry said on Friday that Beijing’s new set of proposed import tariffs on $60 billion worth of U.S. goods are rational and restrained and warned that it reserves the right of further countermeasures in the intensifying trade war.
Business News
Trade worries keep lid on stocks, Italian bonds sell off on government tensions
World stocks climbed on Friday, driven by a combination of strong earnings and a rally in the technology sector after Apple became the world’s first trillion dollar company, although worries over a global trade dispute kept a lid on gains.
Business News
Kraft Heinz tops estimates as higher pricing boosts U.S. sales
Velveeta cheese maker Kraft Heinz Co topped quarterly profit and revenue estimates as the company raised prices of its products and posted higher-than-expected sales in the United States, sending its shares up 7 percent in premarket trading.
Business News
Amazon reports 1.7 million pound UK tax bill due to share deductions
The main UK subsidiary of Amazon.com Inc had a tax bill of 1.7 million pounds ($2.21 million) on profits of 72.4 million pounds in 2017 thanks to deductions related to share-based awards to staff, accounts published this week show.
Business News
Global stocks drift lower on trade worries, Italian bonds sell off on government tensions
World stocks drifted lower on Friday as the latest exchange of trade threats between the United States and China dampened risk appetite, while Italian bonds and shares in the country’s banks sold off on signs of renewed government tensions in Rome.
Business News
Futures inch higher ahead of U.S. jobs report
U.S. stock index futures rose slightly on Friday ahead of the July jobs report, while the ongoing trade dispute between the United States and China weighed on investor sentiment.