Stocks, oil tumble as Trump escalates trade war with China
U.S. President Donald Trump sent financial markets reeling on Thursday when he announced additional tariffs on Chinese products, as traders worried not only about the escalation of the trade war but also the effect on the independence of the U.S. centr…
U.S. charges ex-CEO, ex-CFO of Brixmor REIT with fraud
A former chief executive officer and former chief financial officer of Brixmor Property Group Inc were charged on Thursday with accounting fraud for manipulating a key financial metric for the large shopping center owner and operator.
U.S. retailers blast new China tariffs, say move will raise prices further, hurt jobs
President Donald Trump’s threat to impose 10% tariffs on the remaining $300 billion of Chinese imports from Sept. 1 will hurt consumer purchases, raise prices further and limit hiring, four large retail trade groups warned on Thursday.
U.S. FTC probes Facebook’s acquisition practices – WSJ
The U.S. Federal Trade Commission is investigating whether Facebook Inc acquisitions were aimed at buying up potential rivals before they could become a threat to the social media company, the Wall Street Journal reported on Thursday, citing people fam…
GoPro misses profit estimates, shares fall 12%
GoPro Inc fell short of Wall Street expectations for second-quarter revenue and profit on Thursday, as it struggled to attract customers for its action cameras, sending shares down 12% in extended trading.
Wall Street dragged down by Trump trade tweet
Wall Street fell again on Thursday, abruptly reversing early gains after U.S. President Donald Trump put concerns about the U.S.-China trade war back in the spotlight, tweeting that he would impose an additional 10% tariff on $300 billion in Chinese im…
Exclusive – Codelco’s Chuquicamata smelter restart delayed until end-October: sources
The reactivation of a smelter belonging to Chile’s state-run Codelco, the world’s top copper producer, will be further delayed until the end of October this year after missing a previous target of April, four sources told Reuters.
Pinterest beats revenue estimates on user addition, shares jump
Pinterest Inc reported second-quarter revenue above Wall Street estimates on Thursday, as the online scrapbook company added more monthly active users, sending shares up 13% in extended trading.
Trump says U.S. will be ‘taxing’ China until trade deal is reached
President Donald Trump said on Thursday Chinese President Xi Jinping was not moving fast enough on reaching a trade agreement and that the United States would be “taxing” China until a deal is secured.
Oil slumps 7% as Trump announces additional tariffs on Chinese imports
Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.
