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China announces equal penalties to retaliate for US tariffs

China’s government responded quickly to U.S. President Donald Trump’s tariff hike on Chinese goods by announcing Friday it will immediately impose penalties of “equal strength” on U.S. products. The Commerce Ministry said it also was scrapping deals to buy more American farm goods and other exports as part of efforts to defuse a sprawling dispute over its trade surplus and technology policy. Much of the impact would fall on Trump’s rural supporters. …read more […]

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Trump slaps tariffs on $50B in Chinese goods

President Trump is slapping 25% tariffs on some $50B in Chinese goods. The White House says it’s over the theft of intellectual property, and China is now pledging to retaliate. Yahoo Finance’s Alexis Christoforous, Ethan-Wolff Mann and Dion Rabouin have details. …read more […]

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The Latest: Trump hails big tariffs on China

President Donald Trump is hailing his “very big tariffs” on China. Trump is speaking Friday on the North Lawn of the White House, just as his administration just announced a 25 percent tariff on up to $50 billion worth of Chinese imports. Trump says there is “great brain power” in this country. …read more […]

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The mysterious trader known as '50 Cent' appears to be back betting on more stock market chaos

The mysterious volatility trader known as “50 Cent” appears to have made some new bets this week that the stock market will see turbulence over the summer. The trades match a growing sentiment across Wall Street that the stock market could be in for a rocky ride over the next few months. Known for his consistent purchases of bite-size Cboe Volatility Index (VIX) options — usually costing about 50 cents — the trader has historically positioned himself to profit from market turbulence. …read more […]

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AT&T closes $85 billion deal for Time Warner

AT&T Inc (T.N), the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc (TWX.N) after U.S. antitrust regulators indicated they would not seek a delay. The deal, first announced in October 2016, was opposed by President Donald Trump. AT&T was sued by the Justice Department, but won approval from a judge to move forward with the deal on Tuesday following a six-week trial. …read more […]

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AT&T closes $85 billion deal for Time Warner

AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay. The deal, first announced in October 2016, was opposed by President Donald Trump. AT&T was sued by the Justice Department, but won approval from a judge to move forward with the deal on Tuesday following a six-week trial. …read more […]

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The Latest: AT&T, Time Warner complete major merger

AT&T and Time Warner have completed their merger, one of the biggest media deals ever, just two days after a federal judge approved the combination over objections by the Trump Justice Department that it would hurt consumers. The deadline to complete the merger was next week, but the closing came swiftly after the Justice Department signaled it wouldn’t ask the court to postpone the merger while it pondered an appeal of the judge’s decision. On Tuesday, U.S. District Judge Richard Leon ruled against the government’s attempt to block the megamerger on anti-competitive grounds. …read more […]