Fed officials see risks in weaker inflation expectations, trade row
A drop in the consumer outlook for inflation and intensifying trade tensions drew caution from Federal Reserve officials on Monday as policymakers faced fresh market volatility and a renewed set of risks.
Fed’s Kaplan says trade is critical for U.S economy
Dallas Federal Reserve Bank President Robert Kaplan on Monday reiterated his view that globalization and trade boost rather than hurt the U.S. economy, and said he is hopeful that the United States and China can resolve current tensions.
Oil prices fall with Wall Street on trade war, give back early gains
Oil futures fell on Monday with Wall Street, as the negative turn in the U.S.-Chinese trade talks spooked investors, who had sent oil higher in early trade on concerns about reports of sabotage attacks on tankers in the Middle East that could disrupt s…
Vodafone offloads New Zealand business to Brookfield, Infratil for $2.36 billion
Vodafone Group Plc said on Monday that it had agreed to sell its New Zealand business for about 2.1 billion euros ($2.36 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada’s Brookfield Asset Management.
Hardening U.S.-China trade fight sends stocks, yuan reeling
Global stock markets tumbled on Monday and the Chinese yuan fell to its lowest level since December as the trade dispute between the United States and China escalated.
Wall Street hammered by China’s plan to retaliate on trade
U.S. stocks tumbled on Monday after China announced retaliatory tariffs on U.S. goods, heightening fears of a full-blown trade war between the world’s two largest economies that could cripple global economic growth.
Apple revamps its TV app ahead of streaming service launch
Apple Inc on Monday rolled out a new television-watching app for its devices and some Internet-connected TVs, an effort to gain more revenue from reselling other companies’ programming and, later this year, its own original shows.
U.S. drops plan to require vehicle brake-throttle override system
The Trump administration said Monday it will drop rules first proposed in 2012 that would have required automakers to install brake-throttle override systems to prevent runaway vehicles.
Facebook raises minimum wages for U.S. contract workers to $20/hour
Facebook Inc said on Monday it was raising wages for its U.S. contract workers, such as cafeteria staff and janitors, to a minimum of $20 per hour in San Francisco Bay Area, New York and Washington D.C. and to $18 per hour in Seattle.
Wall Street rout worsens as China hits back on trade
U.S. stock markets fell more than 2% on Monday after China announced retaliatory tariffs on U.S. goods, heightening fears of a full-blown trade war between the world’s two largest economies that could cripple global economic growth.
