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Wall St. gains on strong jobs report
NEW YORK (Reuters) – Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the U.S. economy and geopolitical tensions eased.
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Exclusive: U.S. may soon claim up to $1.7 billion penalty from China’s ZTE – sources
(Reuters) – The Trump administration may soon claim as much as $1.7 billion penalty from ZTE Corp , as it looks to punish and tighten control over the Chinese telecommunications company before allowing it back into business, according to people familiar with the matter.
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Google reportedly won’t renew its controversial military AI contract
The controversial government contract that led thousands of Google employees …read more […]
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Trump throws ailing U.S. coal, nuke plants a lifeline, triggers backlash
The White House billed the effort as a way to shore up national energy security, but the announcement triggered swift backlash from an unusual alliance of drillers, renewable energy producers and environmentalists who called it an unfair attempt to prop up non-competitive industries. “Unfortunately, impending retirements of fuel-secure power facilities are leading to a rapid depletion of a critical part of our nation’s energy mix, and impacting the resilience of our power grid,” White House spokeswoman Sarah Sanders said in a statement about the measure. …read more […]
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Apple to debut phone-to-phone augmented reality: sources
SAN FRANCISCO (Reuters) – Apple Inc next week will debut tools to let two iPhone users share augmented reality while limiting the personal data sent to its servers, two people familiar with the matter said this week.
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Alfa Romeo to Challenge Ferrari, Porsche With a New Supercar
By 2022, sports cars will contribute 5 percent of the Itailan automaker’s global sales, say reps. …read more […]
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U.S. Commerce chief set for China trade talks amid metals tariff rancor
BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross is proceeding with plans for trade talks in Beijing on Saturday, U.S. officials said, after the Trump administration launched steel and aluminum tariffs on Western allies and renewed its tariff threats against China.
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U.S. Commerce chief set for China trade talks amid metals tariff rancor
U.S. Commerce Secretary Wilbur Ross is proceeding with plans for trade talks in Beijing on Saturday, U.S. officials said, after the Trump administration launched steel and aluminum tariffs on Western allies and renewed its tariff threats against China. Two administration officials familiar with the matter said Ross’ negotiations of specific commitments on Chinese purchases of U.S. agricultural and energy commodities would take place over the weekend despite a report that initial haggling with Beijing this week could delay or cancel it. The purchases are aimed at reducing the $375 billion U.S. trade deficit with China. …read more […]
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Honda confirms Takata air bag rupture in fatal Malaysia crash
(Reuters) – A Takata air bag inflator ruptured in a fatal car crash earlier this week in Malaysia, Honda Motor Co said on Friday, in what appears to be the 23rd death worldwide linked to the faulty part that can emit deadly metal fragments.
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2 Dividend Stocks to Buy in June
Looking for more income in this pricy market? These two stocks are great long-term bets. …read more […]
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Ford Motor Co’s Canada auto sales slide in May
(Reuters) – Ford Motor Co on Friday reported a 3.3 percent drop in Canadian auto sales in May.
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U.S. isolated at G7 meeting as tariffs prompt retaliation
WASHINGTON/WHISTLER, British Columbia (Reuters) – U.S. President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting them and Mexico with import tariffs on steel and aluminum.
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Deere sues Precision Planting, AGCO for patent infringement
(Reuters) – U.S. farm equipment maker Deere & Co said on Friday it filed a lawsuit against Precision Planting LLC and AGCO Corp , claiming that the companies have infringed on 12 of its patents.
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Trump orders Energy Department to help ailing coal, nuclear plants
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday directed Energy Secretary Rick Perry to take emergency steps to keep at-risk coal and nuclear plants running, the White House announced.
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Harley warns of hit from EU reprisal against Trump’s tariffs
(Reuters) – Harley-Davidson Inc on Friday warned of a “significant impact” on its sales after the European Union revealed plans to increase duties on a range of U.S. imports, including big motorcycles, in reprisal for Washington’s new tariffs on EU metal exports.