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Business News

China slams U.S. ‘blackmailing’ after Trump makes new trade threat

BEIJING/WASHINGTON (Reuters) – China accused the United States on Tuesday of “extreme pressure and blackmailing” and vowed to retaliate after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods in an escalation of the trade conflict between the world’s two biggest economies.

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Trading Ideas

Wall Street slides, Dow erases 2018 gains as trade spat intensifies

U.S. President Donald Trump, in an unexpectedly swift and sharp move, threatened to impose a 10 percent tariff on $200 billion of Chinese goods and Beijing warned it would retaliate. Trump said his move followed China’s decision to raise tariffs on $50 billion in U.S. goods, which came after U.S. announced similar tariffs on Chinese goods on Friday. At 9:40 a.m. ET, the Dow Jones Industrial Average was down 300.90 points, or 1.20 percent, at 24,686.57. …read more […]

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Google's Larry Page 'floored' an early investor when he predicted it could be twice as big as Yahoo before it even had a business model (GOOG, GOOGL)

In 1999, before Google was a well-known (or well-funded) company, founders Larry Page and Sergey Brin were discussing their company with a new board member. Page and co-founder Sergey Brin’s goal was to “organize the world’s information and make it universally accessible and useful,” recalls venture capitalist John Doerr in his book “Measure What Matters.” But first, Doerr — who had already invested $11.8 million to take a 12% ownership stake and a board seat — had to help them organize their newly incorporated company. …read more […]

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Business News

UPS to spend $130 million on new natural gas vehicles, fueling stations

LOS ANGELES (Reuters) – Package delivery company UPS on Tuesday said it will invest $130 million to buy 730 compressed natural gas vehicles and build five more domestic CNG fueling stations as the industry moves to shift from petroleum-burning vehicles to those that use less-polluting alternative fuels.

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