Wall Street investors slam Warren’s policies
Some Wall Street investors and Democratic donors sharply criticized progressive firebrand Elizabeth Warren’s policies on issues from taxation to affordable healthcare because they are impractical.
China, U.S. agree tariff rollback if phase one trade deal is completed
China and the United States have agreed to roll back tariffs on each others’ goods in a “phase one” trade deal if it is completed, officials from both sides said on Thursday, sparking division among some advisers to President Donald Trump.
U.S. Justice Department issues subpoenas to automakers in California emissions probe
The U.S. Justice Department has issued civil subpoenas to four major automakers, demanding that they disclose details on a deal struck with California in July to follow strict vehicle emissions standards, a source briefed on the matter said on Thursday…
Democratic lawmakers question FAA decisions on Boeing safety issues
Two Democratic U.S. lawmakers said on Thursday the Federal Aviation Administration overruled agency technical specialists on two Boeing Co safety issues involving the 737 MAX and the 787 Dreamliner jets that they said could be “potentially catastrophic…
Gap CEO exiting as forecast cut casts doubt on turnaround
Gap Inc said on Thursday Chief Executive Officer Art Peck will leave the company, a surprise exit in the middle of a restructuring that comes as the apparel retailer slashed its full-year earnings forecast, sending its shares down 7%.
‘Lion King’ lifts Disney earnings as streaming costs stay under budget
Walt Disney Co’s popular theme parks and a remake of “The Lion King” pushed earnings past Wall Street targets on Thursday, and the company spent less than it had projected on its big plunge into streaming entertainment.
Port of Los Angeles import and export volumes drop in October
The Port of Los Angeles, the nation’s busiest for ocean trade with China, processed fewer containers of imported and exported goods in October as the U.S.-China trade war roils the domestic economy and global supply chains.
U.S. may soon issue guidance to enforce foreign investment oversight
The U.S. government is likely soon to spell out how it will enforce oversight of foreign investment in the United States, a U.S. official said on Thursday, after a law last year expanded the agency’s authority to crack down on harmful Chinese investmen…
U.S. Justice Department issues civil subpoenas to automakers in California emissions deal probe
The U.S. Justice Department has issued civil subpoenas in its antitrust investigation into four major automakers’ voluntary agreement with California to adopt compromise vehicle emissions requirements, a source briefed on the matter said on Thursday.
U.S. Commerce Dept finds Chinese exporters dumped ceramic tile
The U.S. Commerce Department said on Thursday it made a preliminary determination that Chinese exporters had dumped ceramic tile in the U.S. market at less than fair value.
