Hints of factory-driven slowdown in key 2020 U.S. election states
A decline in economic activity in the U.S. Midwest, apparent in a little-noticed report on Friday from the Chicago Federal Reserve Bank, adds to evidence of slowing growth in factory-heavy corners of the country key to next year’s U.S. presidential ele…
Wall Street flattens out into Labor Day weekend
U.S. stocks lost steam in afternoon trading on Friday as investors moved to the sidelines ahead of a long Labor day weekend but the three major indexes were on course to wrap up the week with their biggest gains since June.
China to exempt Tesla cars from 10% purchase tax
China will exempt Tesla Inc’s electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States.
Hans Rausing, driving force behind Tetra Pak, dies at 93: family
Hans Rausing, the billionaire Swedish industrialist who helped turn Tetra Pak into one of the world’s biggest food packaging companies, has died aged 93, his family said in a statement.
Some temporary weights on U.S. inflation ease in July
The U.S. Federal Reserve’s favored measure of inflation increased last month at the pace expected by Wall Street for the first time this year.
Airbus pulls out of Canada fighter jet race, boosts Lockheed Martin’s chances
Airbus SE on Friday pulled out of a multibillion-dollar competition to supply Canada with 88 new fighter jets, a decision that boosts the chances of rival Lockheed Martin Corp .
Strong consumer spending propping up U.S. economy
(Corrects this August 30 story to fix photo caption error. No change to headline or text.)
Google to pay up to $200 million to FTC on YouTube probe: Politico
Alphabet Inc’s Google will pay in the range of $150 million to $200 million to settle the Federal Trade Commission’s investigation into YouTube’s alleged violation of a certain children’s privacy law, Politico reported on Friday.
China-U.S. trade talk teams keeping ‘effective communication’: China
Chinese and U.S. trade negotiating teams are maintaining effective communication, China’s Foreign Ministry said on Friday, less than 48 hours before U.S. tariffs kick in on an additional $125 billion in Chinese goods.
Global stocks edge higher on trade hopes, but yuan softens as tariffs loom
Hopes of easing trade tensions between China and the United States helped a gauge of global stocks edge higher on Friday despite weakness on Wall Street, though caution over pending U.S. tariffs on Chinese goods put the yuan on track for its biggest mo…
