GM, Ford planning for possible economic downturn: executives
The top two U.S. automakers are preparing for a possible economic downturn, the companies said on Tuesday, as an ongoing trade war between Washington and Beijing fuels fears of a global recession.
Ryanair’s Irish pilots agree to talks as strike looms
Ryanair’s directly employed pilots in Ireland agreed to attend mediated talks starting on Wednesday to avert a strike their trade union said would go ahead next week if the airline does not properly address a pay claim.
Brick & Mortar fund raises $97 million to make construction tech-savvy
Brick & Mortar Ventures, a venture capital fund founded by a scion of family-run Bechtel Corp, said on Tuesday it had raised $97.2 million from leading construction-related companies as builders turn to 3D printing and other software to cut costs and boost productivity.
Apple’s AirPods will not escape Trump’s China tariffs
Apple Inc’s AirPods, Apple Watch and HomePod, which have helped the company to offset waning sales of its bestselling iPhone this year, are not included in a temporary reprieve on tariffs by the Trump administration and will face a 10% levy on Sept 1….
Exclusive: After 50 years in UK North Sea, Exxon eyes the exit – sources
Exxon Mobil is considering a sale of its assets in the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects.
Snap, in augmented reality push, launches new Spectacles version
Snap Inc said Tuesday it will launch a new version of its Spectacles sunglasses that will have the capability of capturing photos and videos and uploading them directly to its unit Snapchat.
Trump says Christmas shopping was factor in tariff decision
U.S. President Donald Trump said on Tuesday his administration decided to delay tariffs on some Chinese imports until mid-December to avoid hurting U.S. shoppers heading into the Christmas holiday.
U.S. inflation picking up; Fed rate cut still expected
U.S. consumer prices increased broadly in July, but the signs of an acceleration in inflation will likely do little to change market expectations that the Federal Reserve will cut interest rates again next month amid worsening trade tensions.
Predicting the next U.S. recession
A protracted trade war between China and the United States, the world’s largest economies, and a deteriorating global growth outlook has left investors apprehensive about the end to the longest expansion in American history.
Smart watches, Bluetooth headphones to get tariffs Sept. 1: USTR
Some consumer electronics items spared from previous U.S. tariffs on Chinese goods, including smart watches, fitness trackers, smart speakers and Bluetooth headphones, were not given a reprieve by the Trump administration’s delays in some tariffs on Tu…
