Global stocks bounce back as Trump downplays U.S.-China trade fight
U.S. and European stocks regained ground on Tuesday after President Donald Trump downplayed the U.S.-China trade war as “a little squabble” a day after a spike in tensions between the world’s two largest economies rattled financial markets.
Tech leads Wall St. rebound on upbeat trade talk
Technology stocks led the S&P 500 and the Nasdaq higher on Tuesday, with U.S. stocks reclaiming some ground lost to Monday’s steep sell-off as investors were heartened by a tonal shift in U.S.-China trade rhetoric.
Google to show ads on homepage of app
Alphabet Inc’s Google will begin featuring ads on the homepage of its smartphone app worldwide later this year, it said on Tuesday, giving the search engine a huge new supply of ad slots to boost revenue.
Nissan faces long, rocky road to cut U.S. discounts, rental sales
Nissan Motor Co Ltd said on Tuesday it had hit “rock bottom” with a 45% drop in annual operating profit. The automaker’s troubles in the United States, including a failure to deliver on a slew of promises to dealers, are a major reason why.
Trump calls trade war with China ‘little squabble,’ says talks ongoing
U.S. President Donald Trump on Tuesday called the trade war with China “a little squabble” and insisted talks between the world’s two largest economies had not collapsed, as investors remained on guard for a further escalation of tit-for-tat tariffs.
U.S. Treasury chief to plan for trade meeting in China soon: spokesman
U.S. Treasury Secretary Steven Mnuchin will plan for another trade meeting in China at some point soon, a Treasury spokesman said on Tuesday, adding to President Donald Trump’s earlier statements that U.S. dialogue with Beijing was continuing.
U.S. Senate moves forward on plan to develop electric vehicle supply chain
U.S. lawmakers on Tuesday moved closer to developing a national electric vehicle supply chain policy, with senators voicing bipartisan support for legislation designed to parry China’s dominance in metals production and battery manufacturing.
Nissan earnings slide fuels Renault deal pressure
Renault is quietly pushing for a change of Nissan leadership as a prelude to merger talks, sources at both companies said, after the Japanese carmaker warned of a further earnings slide in the wake of the Carlos Ghosn scandal.
Oil prices rise over 1% on drone attack on Saudi Aramco facilities
Oil prices rose over 1% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.
Senate Majority Leader McConnell says ‘nobody wins a trade war’
Senate Majority Leader Mitch McConnell said on Tuesday that “nobody wins a trade war” but he hoped President Donald Trump’s tactics in negotiations China would put the United States in a better position to move trade talks forward with Beijing.
