Equities, yields close lower before U.S.-China trade crunch time
Stock indexes around the world fell for a fourth day in a row on Thursday, though Wall Street closed above session lows after comments from President Donald Trump about U.S.-China trade talks a day before the United States was due to raise tariffs.
Trump rattles saber at China ahead of make-or-break trade talks
U.S. President Donald Trump said on Thursday he was taking steps to authorize new tariffs on $325 billion in Chinese imports as officials prepared for last-ditch talks to avert an escalation of a trade war that threatens to derail the global economy.
U.S. Customs agency issues notice of higher tariff rate on Chinese goods
U.S. Customs and Border Protection said on Thursday it would begin collecting a 25 percent tariff on a $200 billion category of Chinese imports at 12:01 a.m. (0401 GMT) on Friday, another step toward activation of President Donald Trump’s planned tarif…
Scaramucci celebrates hedge funds in Vegas at SALT with less glitz
After a one-year pause, the hedge fund industry schmooze fest organized by Anthony Scaramucci, the investment manager who briefly served as President Donald Trump’s communications director, returned to the Las Vegas strip this week.
U.S. goods trade deficit with China tumbles to five-year low
The U.S. goods trade deficit with China, a focus of the White House’s “America First” agenda, shrank to its smallest in five years in March, which could embolden President Donald Trump as he escalates his trade war on Beijing.
Facebook rejects co-founder call for breakup, senator urges U.S. antitrust probe
Facebook Inc quickly rejected a call from co-founder Chris Hughes on Thursday to split the world’s largest social media company in three, while lawmakers urged the U.S. Justice Department to launch an antitrust investigation.
Gucci owner Kering agrees record Italian tax settlement
French luxury goods group Kering said on Thursday it had agreed to pay a record 1.25 billion euros ($1.40 billion) to settle a dispute with Italian tax authorities centered on its fashion brand Gucci.
Explainer: What would it take for U.S. regulators to break up Facebook?
Facebook Inc co-founder and Mark Zuckerberg’s former college roommate Chris Hughes urged U.S. regulators to break up the social media company in a New York Times opinion piece on Thursday.
Wall Street drops as investors await outcome of critical trade talks
Wall Street’s main indexes were lower on Thursday, as tensions flared up ahead of a high-stakes U.S.-China trade meeting, potentially prolonging a dispute that has threatened global financial markets and economic growth.
Facebook co-founder calls for company breakup, U.S. lawmakers chime in
Facebook Inc co-founder Chris Hughes on Thursday called for the world’s largest social media company to be split in three and said Chief Executive Mark Zuckerberg should be held responsible for privacy lapses.
