Trump: U.S. does not want to discuss Huawei with China
President Donald Trump said on Wednesday the United States does not want to discuss the U.S. blacklisting of Huawei Technologies with China as the two biggest world economies try to end escalating trade tensions.
Tyson Foods slowed chicken processing after U.S. recalls, raising costs
Tyson Foods Inc slowed chicken processing after it recalled millions of pounds of poultry this year over concerns they contained extraneous materials like rubber and metal, Chief Executive Noel White said on Wednesday.
Strong Chinese data, easing geopolitical worries push Wall St. higher
Wall Street’s main indexes rose on Wednesday as fears of a global economic slowdown were calmed by robust economic data from China, while easing tensions in Hong Kong added to an upbeat mood.
Oil prices rise over 4% on positive economic data from China
Oil prices rose more than 4% on Wednesday, boosted by a wider market pickup on positive news from China, after three days of losses due to fears about a weakening global economy.
U.S. trade deficit shrinks; shortfall with China still large
The U.S. trade deficit narrowed slightly in July, but the gap with China, a focus of the Trump administration’s “America First” agenda, surged to a six-month high.
Republican, Democratic U.S. lawmakers ask Google to expand copyright protections
A bipartisan group of U.S. lawmakers on Wednesday asked the chief executive of Alphabet’s Google to expand its use of technology that prevents copyright infringement to smaller creators who are “at a significant disadvantage.”
New York Fed’s Williams still sees above-trend growth despite risks
New York Federal Reserve President John Williams said on Wednesday he still expects the U.S. economy to expand at an above-trend pace of 2.0%-2.5% in 2019 despite low business investment and trade uncertainty.
Fed’s Williams says will act as appropriate to keep economy on track
New York Federal Reserve President John Williams on Wednesday said he is ready to “act as appropriate” to help America avoid an economic downturn but so far the economy appeared to be in a good place.
Weak sales growth hits American Eagle outlook; shares slide
American Eagle Outfitters Inc forecast disappointing current quarter profit after its same-store sales missed quarterly estimates on Wednesday, hurt by weak demand for warm weather apparel and a late start to the back-to-school season.
Wall Street rises on strong Chinese data, easing geopolitical concerns
Wall Street’s main indexes rose on Wednesday as fears of a global economic slowdown were calmed by robust economic data from China, while easing tensions in Hong Kong added to an upbeat mood.
