Uber CEO expects further pressure as shares add to losses, down 12%
Uber Technologies Inc’s shares fell 12% on Monday, more than doubling their losses since the ride-hailing giant’s poorly received market debut, and its chief executive officer said he expected the stock to remain under pressure in the coming months.
Trump says no decision yet on levying tariffs on more Chinese goods
U.S. President Donald Trump said on Monday he was has not made a decision to go ahead with tariffs on another $325 billion in goods from China and said he plans to meet with Chinese President Xi Jinping at the G20 summit next month.
Trump says U.S. farmers to get $15 billion in aid amid China trade spat
President Donald Trump said on Monday that his administration was planning to provide about $15 billion in aid to help U.S. farmers whose products may be targeted with tariffs by China amid a deepening trade spat.
Fed can lower rates if U.S.-China trade spat causes slowdown: Rosengren
The Federal Reserve has the tools it needs, including lowering interest rates, to respond to any slowdown resulting from the U.S.-China trade spat, a top Fed policymaker told Reuters on Monday, adding that he is not necessarily expecting such a need no…
Fed’s Kaplan says interest rates are about where they should be
Dallas Federal Reserve Bank President Robert Kaplan on Monday said that the Fed should neither be cutting nor raising interest rates but should “move off to the side and be patient.”
Fed’s Kaplan says he’s vigilant but patient on U.S.-China tensions
Dallas Federal Reserve Bank President Robert Kaplan on Monday said he is “extremely vigilant” on the escalating trade tensions between the United States and China, though it could take months before there is more clarity on how the talks are shaping up…
Facebook raises minimum wage for U.S. contract workers to $20/hour
Facebook Inc said on Monday it was raising its minimum wage for all U.S. contract workers, reacting to rising costs of living as it faces intense scrutiny over the treatment of ordinary employees and their pay.
Wall Street dives as U.S.-China trade war escalates
Wall Street took a pounding on Monday after China defied Washington by announcing retaliatory tariffs on $60 billion in U.S. goods in the latest salvo in the two countries’ increasingly belligerent trade dispute, sending investors fleeing equities for …
Factbox: Tariff wars – duties imposed by Trump and U.S. trading partners
China on Monday raised tariffs on $60 billion of U.S. goods in retaliation for President Donald Trump’s decision to increase tariffs on $200 billion worth of Chinese imports last week, escalating the trade war between the world’s two largest economies….
China defies Trump with new round of tariffs on U.S. goods
China said on Monday it would impose higher tariffs on a range of U.S. goods including frozen vegetables and liquefied natural gas, striking back in its trade war with Washington after U.S. President Donald Trump warned it not to.
