Business & Finance News
President Donald Trump said on Tuesday that China wants a trade deal very badly but he is not interested in an accord unless it is a great deal.
Ten states led by New York and California have filed a lawsuit to stop T-Mobile US Inc’s $26 billion purchase of Sprint Corp, warning that consumer prices will jump due to reduced competition.
Ten state attorneys general, led by New York and California, filed a lawsuit on Tuesday to ask a court to stop T-Mobile US Inc’s acquisition of smaller telecommunications rival Sprint Corp, the New York attorney general’s office said in a statement.
Global business consultancy Capgemini is launching its first-ever investment fund, with plans to invest up to 90 million euros ($102 million) in early-stage technology companies.
At least 10 state attorneys general plan to file a lawsuit as soon as Tuesday to stop the $26 billion merger of Sprint Corp and T-Mobile US Inc, according to three sources familiar with the matter, a deal that would reduce the number of nationwide wireless carriers to three from four.
Wall Street’s main indexes rose and the S&P 500 edged back toward record territory on Tuesday, as easing trade tensions with Mexico and hopes of an interest rate cut by the Federal Reserve lifted investor sentiment.
Underlying U.S. producer prices increased solidly for a second straight month in May, boosted by a surge in the cost of hotel accommodation and gains in portfolio management service fees.
Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than $1 billion from investors keen to capitalize on the globalization of a novel approach to short-stay accommodation, its chief executive told Reuters.
Stock indexes around the world gained on Tuesday as investors piled into riskier assets as they bet on Federal Reserve interest rate cuts and that a U.S.-China trade agreement could follow the U.S.-Mexico deal.
Boeing Co said on Tuesday it handed over 56% fewer airplanes in May, compared with a year earlier, as deliveries of its top-selling 737 MAX jet remained suspended following a deadly crash in March.
Shares of Beyond Meat Inc fell as much as 22% on Tuesday after one of the stock’s lead underwriters, J.P. Morgan, downgraded it, saying the exponential growth expected from the plant-based burger was now priced in.
At least 10 state attorneys general plan to jointly file a lawsuit as soon as Tuesday to stop the $26 billion merger of Sprint and T-Mobile, a deal that would reduce the number of nationwide wireless carriers to three from four, according to three sources familiar with the matter.
Nestle could expand its plant-based burger sales partnership with fast food chain McDonald’s beyond Germany and is also looking for other partners, the Swiss food giant’s head said on Tuesday.
Wall Street’s main indexes rose on Tuesday, led by technology stocks, on the back of easing trade tensions with Mexico and signs of more fiscal stimulus in China.
U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations.
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