Business & Finance News
Protesters burned their Nike shoes, investors sold shares and some consumers demanded a boycott after the footwear and apparel maker launched an advertising campaign featuring Colin Kaepernick, the NFL quarterback who sparked a national controversy by kneeling during the national anthem.
U.S. President Donald Trump said on Tuesday that Nike was sending “a terrible message” with an advertising campaign featuring Colin Kaepernick, the NFL quarterback whose decision to kneel during the national anthem sparked a national controversy.
The Getty family said on Tuesday it would acquire Carlyle Group LP’s majority stake in Getty Images Inc, ending ten years of private equity control that contributed to the U.S. photo agency’s debt pile swelling.
U.S. stocks fell on Tuesday as trade concerns lingered and declines in Facebook and Nike shares weighed on Wall Street’s major indexes, though data showing U.S. manufacturing activity accelerated in August kept losses in check.
Stocks fell in major markets around the world on Tuesday, and emerging markets currencies lost ground while the dollar rose as investors braced for an escalation in the U.S.-China trade conflict.
Top Twitter Inc and Facebook Inc executives will defend their companies before U.S. lawmakers on Wednesday, with Facebook insisting it takes election interference seriously and Twitter denying its operations are influenced by politics.
Apple farmers across the U.S. Northwest fear they will be the next victims of a U.S.-China trade war that left cherry growers in the same region with weak prices and having to scramble for alternative buyers because of prohibitive Chinese tariffs.
Protesters burned their Nike shoes, investors sold shares and some consumers demanded a boycott after the footwear and apparel maker launched an advertising campaign featuring Colin Kaepernick, the NFL quarterback who sparked a national controversy by kneeling during the national anthem.
The newly formed healthcare venture of Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co on Tuesday hired Jack Stoddard as chief operating officer.
Declines in Facebook and Nike shares weighed on the S&P 500 and the Dow on Tuesday, although data showing U.S. manufacturing activity accelerated in August kept losses in check.
Oil prices were little changed on Tuesday, as energy infrastructure on the U.S. Gulf Coast braced for a hurricane, but gains were capped as a stronger dollar and report of rising stockpiles at the Cushing, Oklahoma hub weighed.
Stocks fell in major markets around the world on Tuesday and emerging markets currencies lost ground while the U.S. dollar rose as investors looked for safety as they braced for an escalation in the U.S.-China trade conflict.
Twitter Inc Chief Executive Jack Dorsey will tell Congress on Wednesday the company “does not use political ideology to make any decisions,” according to written testimony made public on Tuesday.
When Dutch prosecutors trawled through ING’s books they found a “women’s underwear trader” had been able to launder 150 million euros through the bank’s accounts without ringing alarm bells.
U.S. manufacturing activity accelerated to more than a 14-year high in August, boosted by a surge in new orders, but increasing bottlenecks in the supply chain because of a robust economy and import tariffs could restrain further growth.
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