Group of 12 U.S. states challenge Trump fuel economy penalty freeze
A group of 12 states led by California and New York on Friday challenged the Trump administration’s decision to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers that fail to meet fuel efficiency requirement…
Yen up, stocks slide on China’s counter-threat to Trump
A measure of stocks across the globe was on track to post its largest weekly loss of the year on Friday while yields in U.S. and German debt were near multi-year lows, after China vowed to retaliate against a possible new round of U.S. tariffs.
Oil gains about 3%; records loss for week after Trump tariff threat
(This story corrects weekly price moves in paragraph 6 of Aug. 2 report to show that Brent fell 2.5%, not 2.7%, and that WTI fell around 1%, not 1.2%)
U.S. to give tentative approval for expanded Delta, Air France, Virgin JV – source
U.S. Transportation Secretary Elaine Chao is set to grant tentative approval on Friday for an expanded transatlantic joint venture including Delta Air Lines Inc , Air France KLM SA and Virgin Atlantic, a source briefed on the matter said.
Oil up 3%, recouping some losses from Trump tariffs comments
Oil prices were up 3% on Friday, a partial rebound from their biggest daily drop in several years on U.S. President Donald Trump’s vow to impose more tariffs on Chinese imports.
Exclusive – India’s biggest carmaker Maruti Suzuki cuts temporary jobs as sales plunge
India’s biggest automaker, Maruti Suzuki India Ltd , said it had cut the number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia’s third largest economy.
China’s new U.N. envoy says Beijing ready to fight U.S. on trade
China’s new U.N. ambassador warned on Friday that if the United States wanted to fight China on trade “then we will fight,” and signaled that trade tensions could hurt cooperation between the countries on dealing with North Korea.
U.S. hiring slows; shorter factory workweek a red flag
U.S. job growth slowed in July and manufacturers slashed hours for workers, which together with an escalation in trade tensions between the United States and China could give the Federal Reserve ammunition to cut interest rates again next month.
Wall Street Week Ahead: Disney report to shine spotlight on streaming war
Quarterly reports next week from Walt Disney Co , CBS and Viacom will likely highlight increasing competition in video streaming and could spark volatility in the so-called communication services sector, which has outperformed since it was overhauled l…
Google to allow rival search engines to compete on Android – at a price
Alphabet Inc’s Google will allow rivals to compete to be the default search engines on new Android devices in Europe, but they will have to pay for the privilege.
