business news
China urges US back down after Trump’s $300 billion tariff threat
China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on Nov. 9, 2017. Nicolas Asfouri | AFP | Getty Images China’s foreign ministry pushed back against President Donald Trump’s latest tariff threat on Friday, reportedly saying the world’s largest economy should give …
Unclear what end game is, ex-diplomat Adelman says
Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019. Brendan Smialowsi | AFP | Getty Images U.S. President Donald Trump has been extremely unpredictable and it’s not clear what the end game of his trade war with China will be, a former American ambassador told CNBC …
Trump says US will impose 10% tariffs on $300 billion of Chinese goods starting Sept.1
President Donald Trump said Thursday the U.S. is putting 10% tariffs on $300 billion worth of Chinese goods, effective Sept. 1. “Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from …
Senate passes 2-year budget deal, sending bill to Trump
The Senate on Thursday passed a bill to increase the U.S. budget and lift the debt ceiling for the next two years. The spending deal now heads to the Oval Office to be signed by President Donald Trump. The legislation passed 67-28, with 23 Republicans and five Democrats voting against the bill. Its passage in …
Powell confused markets on interest rates, but Fed probably cuts again
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Chairman Jerome Powell’s comments after the Fed’s expected rate cut are seen as confusing, and market pros say monetary policy has become muddled. The bottom line is the …
Apple earnings prove it can cure its iPhone addiction
A girl reacts as she tries an iPhone X at the Apple Omotesando store on November 3, 2017 in Tokyo, Japan. Getty Images If you had told any serious Apple observer two years ago that the company’s stock would jump after reporting a sales decline for the iPhone, they would’ve called you nuts. But that’s …
Trump rips China as stalled trade talks are set to resume
President Donald Trump ripped into China in a series of tweets Tuesday just as the two sides are set to resume stalled negotiations toward a much-anticipated trade agreement. The president claimed that China is not buying more U.S. agricultural products as it promised to do and may be slow-walking the talks as it awaits the …
The S&P 500 will fail to break out for a third time in 18 months
Traders Gregory Rowe (R) and Peter Tuchman work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, June 21, 2019 in New York City. Drew Angerer | Getty Images The third time is “not the charm” for a S&P 500 breakout, according to Morgan Stanley. Despite the S&P 500 …
Goldman Sachs, IIF on market reaction to Fed rate cut, Powell comments
The underlying message by the Federal Reserve — after it cut interest rates on Wednesday — may not be as hawkish as many investors had interpreted it to be, according to the chief economist of Institute of International Finance. Stocks in the U.S. fell after Fed Chairman Jerome Powell suggested policymakers were not embarking on …