PetSmart’s Chewy gets Wall Street tails wagging with $1 billion IPO
Chewy Inc said on Thursday it priced its initial public offering at $22 per share, above its target, and sold more stock than originally planned, valuing the online pet products retailer at $8.77 billion.
Trump talks trade with Apple CEO Cook as China dispute looms
U.S. President Donald Trump met with Apple CEO Tim Cook on Thursday to discuss trade and other hot-button issues facing the tech company as Trump deliberates whether to make good on his threat to hike tariffs on imports from China.
Biden criticizes Amazon for not paying federal taxes in 2018
Democratic presidential hopeful Joe Biden on Thursday took umbrage with e-commerce giant Amazon.com Inc’s $0 federal tax bill in 2018 and said no company making billions in profits should pay a lower tax rate than firefighters and teachers.
U.S. denies Tesla, GM, Uber 25% Chinese tariff relief
The Trump administration is expanding efforts to block the use of Chinese technology in advanced vehicles, denying additional requests by Tesla Inc for tariff relief on key components of its electric vehicles, and rejecting ride-hailing company Uber’s …
Over 600 U.S. companies urge Trump to resolve trade dispute with China: letter
Walmart Inc, Target Corp and more than 600 other companies urged U.S. President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers.
Over 600 U.S. companies urge Trump to resolve trade dispute with China: letter
Walmart Inc, Target Corp and more than 600 other companies urged U.S. President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers.
Wall St. climbs as oil jumps after Gulf tanker attacks
U.S. stocks rose on Thursday after two days of declines, as energy shares rebounded with oil on concerns of a supply disruption following attacks on two tankers in the Gulf of Oman.
Uber, Bird loses bid for U.S. tariff relief on Chinese-made bikes, scooters
The U.S. Trade Representative’s Office rejected Uber Technologies Inc’s request for relief from 25% tariffs imposed on Chinese-made electric bicycles, according to a May 29 letter.
Oil surges on tanker attacks; stocks rise on Fed rate cut expectations
Oil futures rose on Thursday after attacks on two tankers off the coast of Iran, while the U.S. Treasury yield curve steepened and stocks rose following economic data seen as strengthening the case for the Federal Reserve to cut interest rates this yea…
Target expands same-day shipping as delivery war heats up
Target Corp on Thursday expanded its same-day delivery options for online shoppers, intensifying the race among retailers to deliver orders faster.
