Free-spending consumers lift company profits, but Trump tariffs now loom
U.S. President Donald Trump’s plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products
PG&E negotiates price cuts on five solar, battery contracts
PG&E Corp on Thursday told a U.S. bankruptcy judge that it had reached agreements to cut prices by at least 10% on five power contracts, according to court papers.
GoPro lifts revenue forecast on new product slate, shares rebound
GoPro Inc raised its 2019 revenue forecast on Thursday, as the action camera maker bets on new releases slated for later this year and helping shares reverse course to trade up 5%.
Pinterest beats revenue on user addition, lifts 2019 sales forecast
Pinterest Inc raised its full-year sales forecast and reported second-quarter revenue above Wall Street estimates on Thursday, as the online scrapbook company added more users, sending its shares up 12% in extended trading.
Pentagon puts $10 billion JEDI contract on hold after Trump suggests it favored Amazon
The Pentagon has decided to put on hold its decision to award a $10 billion cloud computing contract after President Donald Trump said his administration was examining Amazon.com Inc’s bid following complaints from other tech companies.
Texas joins states suing to stop T-Mobile, Sprint deal as trial delayed
U.S. states suing to stop T-Mobile US Inc’s $26 billion merger with Sprint Corp won two victories on Thursday as Texas’ Republican attorney general joined 14 Democrats, adding political depth to the group, and a judge agreed to give states until Decemb…
Trump vows new tariffs on China, says Xi moving too slow on trade
President Donald Trump said on Thursday he would impose a 10% tariff on the remaining $300 billion of Chinese imports starting Sept. 1, after negotiators failed to make progress in U.S.-China trade talks, sending shockwaves through U.S. markets.
Bayer sees potential future business in plant-based meat market
A Bayer executive on Thursday said the company was closely watching the plant-based meat market which has seen booming demand in recent years, adding that Bayer could potentially enter the market as an alternative protein source provider.
Timeline: Key dates in the U.S.-China trade war
The U.S.-China trade war intensified on Aug. 1 with U.S. President Donald Trump vowing to levy 10% tariffs on a remaining $300 billion (£247 billion) list of consumer goods imports from China starting on Sept. 1.
China to no longer prioritize controlling trade war scale: Global Times editor in chief
A trade deal between the United States and China is now “further away,” the editor in chief of China’s Global Times newspaper said early on Friday, after U.S. President Donald Trump moved to impose a 10% tariff on a remaining $300 billion list of Chine…
