U.S. cruise operators to stop sailing to Cuba; travelers vent anger online
Major U.S. cruise operators said on Wednesday they will no longer sail to Cuba following the Trump administration’s ban on travel to the Caribbean island, angering travelers and leading to worries of trip cancellations.
Wall St. climbs as weak private jobs data boost rate cut hopes
Wall Street’s major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and hopes grew that the United States and Mexico would reach an agreement to avoid U.S. tariffs on Mexican goods.
FCA, France reach tentative agreement on Renault merger: sources
Fiat Chrysler Automobiles NV has reached a tentative agreement with France on the terms of its proposed merger with Renault, two sources told Reuters, as the French carmaker’s board met to consider the bid late on Wednesday.
Explainer: U.S.-China trade war – the levers they can pull
The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.
Explainer: Should Big Tech fear U.S. antitrust enforcers?
The arcane topic of antitrust law is getting more attention with the U.S. government gearing up to investigate whether Alphabet Inc’s Google, Facebook Inc, Apple Inc, and Amazon.com Inc compete fairly.
Possible Mexican retaliatory tariff list excludes U.S. corn: sources
Mexico has prepared a list of U.S. products that could be hit in retaliation for possible Trump administration tariffs, with a focus on Republican-leaning agricultural states but excluding corn, one of Mexico’s biggest imports, officials said on Wednes…
Hope grows for deal to ward off Trump’s tariffs on Mexican imports
Hope grew on Wednesday for a deal to avoid the United States imposing tariffs on Mexican goods in return for Mexico doing more to halt illegal immigration but President Donald Trump said he was willing to go ahead with the import duties if he is not sa…
U.S. Justice Department to review 1941 ASCAP, BMI consent decrees
The U.S. Justice Department said Wednesday it would review two consent decrees reached with music licensing groups ASCAP and BMI in 1941, a decision that could upend the business of licensing music to online companies, movie companies, commercials, bar…
U.S. services sector activity strengthens, eases gloom over economy
U.S. services sector activity expanded at a brisk pace in May and industries hired more workers, offering some respite for an economy that is slowing following a temporary boost from exports and an accumulation of inventories in the first quarter.
Global stocks gain with U.S. rate-cut bets, Grassley comments; bond prices ease
Major world stock markets rose and longer-dated U.S. Treasury prices dipped on Wednesday as a U.S. senator predicted the United States will not impose tariffs on Mexican imports, while hopes of a U.S. interest rate cut also bolstered equities.
