U.S. companies adapt to ‘endless’ China tariffs
U.S. manufacturers are accelerating their shift out of China, coming to terms with a new reality: the Trump administration’s tariffs will not go away any time soon.
U.S. Trade Representative issues notice on delay of China tariff increase
The United States Trade Representative’s office (USTR) has released language to delay a scheduled hike in tariffs on $200 billion worth of Chinese goods, due to be published in the Federal Register next week.
Wall Street rises as trade optimism counters weak data
The S&P 500 and the Dow Jones Industrial Average snapped a three-day run of losses on Friday as optimism about the prospects for a U.S.-China trade agreement countered downbeat U.S. and China manufacturing data.
Canada to allow extradition case against Huawei executive
The Canadian government, as expected, said on Friday it would allow an extradition hearing to proceed against Meng Wanzhou, the chief financial officer of Huawei Technologies Co Ltd who was detained in Canada late last year.
Tesla shares down after surprise Model 3 price drop, store cuts
Wall Street reacted nervously on Friday to Tesla Inc’s move to shut its network of high-end showrooms and launch a long-awaited cheaper version of its Model 3 sedan, as shares fell 8 percent and most analysts expressed concern over the company’s long-t…
U.S. auto sales fall in February on weak SUV demand
Automakers on Friday reported a decline in U.S. light vehicle sales for February as demand for SUVs slows after years of rapid growth, pointing to a drop in overall sales in 2019.
Apple holders vote down proposal to disclose ideology of director nominees
Apple Inc shareholders on Friday defeated a shareholder proposal from a conservative group that would have required the company to disclose the “ideological perspective” of nominees for its board of directors.
Wells Fargo officials enter $240 million settlement over bogus accounts
Wells Fargo & Co executives and directors have reached a $240 million settlement with U.S. shareholders over the creation by bank employees of millions of unauthorized customer accounts.
Wall Street rises on trade optimism in slow week
The S&P 500 and the Dow Jones Industrial Average rose on Friday after three days of losses, lifted by optimism on trade and upbeat economic data from China, but gains were capped by downbeat U.S. manufacturing and consumer reports.
Amazon plans new grocery-store business: WSJ
Amazon.com Inc plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported on Friday, citing people familiar with the matter.
