No Picture
Business News

U.S. Commerce Secretary, Chinese Vice Premier set for Sunday talks amid trade row

BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross is expected to meet Chinese Vice Premier Liu He on Sunday, a U.S. government official said, as officials from the world’s two biggest economies try to calm an escalating trade spat that has rattled financial markets.

…read more […]

No Picture
Trading Ideas

Caesars workers threatening strike in Las Vegas reach deal

A union for casino workers and one of the largest resort operators in Las Vegas reached a tentative labor agreement Friday that would cover about a quarter of the 50,000 employees threatening the first citywide strike in more than 30 years. The new five-year deal with Caesars Entertainment covers about 12,000 bartenders, housekeepers, kitchen workers and others at nine casino-resorts on the Las Vegas Strip, the Culinary Workers Union Local 226 said. It comes just after tens of thousands of bartenders, housekeepers, cocktail and food servers, porters, bellmen, cooks and other kitchen workers saw their contracts expire. …read more […]

No Picture
Trading Ideas

Oil retreats on stronger dollar, U.S. crude discount wider

Oil prices retreated on Friday after the dollar rose on better-than-expected U.S. employment data, which pressured greenback-denominated commodities, including crude. U.S. West Texas Intermediate (WTI) crude (CLc1) futures fell $1.23 a barrel to settle at $65.81 a barrel. Global benchmark Brent (LCOc1) fell 77 cents to $76.79 a barrel. …read more […]