NEW YORK (Reuters) – U.S. stocks ended down on Friday on worries over an escalating trade dispute between the United States and China, but indexes closed well off the day’s lows.
(Reuters) – Wall Street stocks were down marginally on Friday after the United States announced hefty tariffs on Chinese imports and China vowed to respond in kind, stoking investor worries over an escalating tit-for-tat trade dispute.
Trade tensions between the U.S. and China ratcheted higher after the Asian nation said it will follow through on plans to levy tariffs on a range of American farm goods including soybeans and corn. An additional 25 percent tariff will levied on about $50 billion of U.S. imports, China’s Ministry of Finance said Saturday in a statement on its website. China previously announced plans to impose 25 percent duties on products including soybeans, wheat, corn, sorghum, cotton and beef in response to proposed tariffs from the U.S. In April, the Asian nation started levying additional taxes on American …read more […]
CNBC’s Phil LeBeau reports on General Motors considering listing shares for its autonomous vehicle division, Cruise. …read more […]
WASHINGTON (Reuters) – U.S. President Donald Trump’s new trade tariffs will lop at most a couple of tenths of a percentage point off U.S. growth and add a similar amount to inflation, small fry for a $19 trillion economy that is experiencing its second longest economic expansion on record.
Remember when cloud computing became the hot new buzzword on Wall Street? While this industry continues to expand, another new term is being spun around financial blogs, Twitter Inc (NYSE:TWTR) and weekly magazines: artificial intelligence. First thing’s first: artificial intelligence uses machine learning, deep learning and other processes that allow computers to perform tasks that generally require human intelligence. …read more […]
(Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, prompting Beijing to warn of retaliation and reigniting fears of a trade war between the world’s two largest economies.
(Reuters) – Shares in U.S. industrial and materials companies were under pressure on Friday on escalating trade tensions between the United States and China after President Donald Trump announced tariffs on China, which said it would fight back.
WASHINGTON (Reuters) – Wireless companies Sprint Corp and T-Mobile US Inc have informed the Federal Communications Commission that they will formally file an application asking for approval to merge on Monday, according to a document seen by Reuters.
LONDON (Reuters) – Deal-making involving UK companies has picked up in the two years since the country’s decision to leave the European Union, defying worries that Brexit would stifle mergers and acquisition activity, data from Thomson Reuters Deals Intelligence shows.
HOUSTON (Reuters) – When SandRidge Energy Inc shareholders on Tuesday cast their votes for directors, the only question is how much sway over the embattled oil and gas producer they will hand to activist investor Carl Icahn.
PARIS (Reuters) – Boeing has reorganized its sales operations as part of a push into services that has helped it take a lead over rival jet maker Airbus this year.
NEW YORK (Reuters) – Citigroup Inc has agreed to pay $100 million to settle charges by most U.S. states that it rigged the Libor benchmark interest rate to boost profit at the expense of investors.
(Reuters) – AT&T Inc is committed to spend as much as needed on the media business of newly acquired Time Warner Inc, Chief Executive Randall Stephenson told CNBC on Friday, with a plan to invest $21 billion to $22 billion in the combined company.
(Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, prompting Beijing to warn of retaliation and reigniting fears of a trade war between the world’s two largest economies.
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