Business & Finance News
A top White House adviser warned China on Friday not to underestimate U.S. President Donald Trump’s resolve in a brewing trade battle between the world’s two largest economies, showing little concern over Beijing’s threat to impose retaliatory tariffs on $60 billion worth of U.S. goods.
Insurer American International Group Inc slid more than three percent in morning trading on Friday after executives tried to downplay another weak earnings report and vowed a turnaround was on the horizon.
Britain’s takeover regulator said on Friday that a review had confirmed its ruling that Walt Disney might have to offer at least 14 pounds a share to buy UK pay-television group Sky .
FedEx Corp said on Friday it would not charge customers extra fees for most packages delivered to homes during the peak holiday shopping season, except packages that are oversized, unauthorized or require additional handling.
U.S. stocks were flat on Friday, after gains in the consumer staples sector, boosted by Kraft Heinz’s strong earnings, were offset by data which showed job growth slowed in July and as China proposed new tariffs on $60 billion worth of U.S. goods.
U.S. satellite TV provider Dish Network Corp reported better-than-expected quarterly profit and revenue on Friday, as the company lost fewer subscribers than expected.
White House economic adviser Larry Kudlow warned China after it announced retaliatory tariffs on $60 billion worth of U.S. goods on Friday, saying Beijing should not underestimate U.S. President Donald Trump’s determination to act on trade.
China’s Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday.
U.S. job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that the labor market was tightening.
China on Friday announced retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft and warned of further measures, signaling that it won’t back down in a protracted trade war with Washington.
The U.S. trade deficit recorded its biggest increase in more than 1-1/2 years in June as the boost to exports from soybean shipments faded and higher oil prices lifted the import bill.
U.S. job growth slowed more than expected in July likely due to companies’ struggles to find qualified workers and the unemployment rate declined, pointing to tightening labor market conditions.
U.S. job growth slowed more than expected in July, likely due to companies’ struggles to find qualified workers, and the unemployment rate declined, pointing to tightening labor market conditions.
U.S. stock index futures gave up early gains to trade flat on Friday after data showed U.S. job growth slowed more than expected in July.
China’s Commerce Ministry said on Friday that Beijing’s new set of proposed import tariffs on $60 billion worth of U.S. goods are rational and restrained and warned that it reserves the right of further countermeasures in the intensifying trade war.
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