U.S. lawmakers, industry fret over Trump’s China trade deal eagerness
President Donald Trump’s decision to delay a steep tariff hike on Chinese goods as he touted progress in weekend trade talks was greeted with a mixture of relief and dread among U.S. industry groups and lawmakers on Monday.
Group of Walmart Mexico workers threatens strike for higher pay
A union representing workers at Walmart Inc’s Mexico unit said on Monday it would go on strike next month if it did not secure better pay and conditions for thousands of employees.
Tesla’s Musk risks contempt charge as SEC argues tweets violate deal
The U.S. Securities and Exchange Commission on Monday said Tesla Inc Chief Executive Officer Elon Musk had violated a fraud settlement by making new inaccurate statements on Twitter, pursuing a contempt order against the electric car chief and sending …
Oil steadies after selloff; market eyes Trump intervention
Oil prices edged higher on Tuesday, finding steady ground after tumbling more than 3 percent in the previous session when U.S. President Donald Trump called on OPEC to ease its efforts to boost the market.
‘Loser’ vs ‘Anemic’: Barrick’s Newmont bid starts on toxic note
Long-time rivals Barrick Gold Corp and Newmont Mining Corp renewed their animosity on Monday with their chief executives trading insults after Barrick launched an $18 billion hostile bid for the U.S. company, presaging an aggressive battle.
Pound jumps to four-week high, Asian shares take a breather
The pound climbed to near four-week highs on Tuesday on a report U.K. Prime Minister Theresa May could seek to delay a Brexit deadline while Asian shares paused at a five-month peak on signs Washington and Beijing were making progress on a trade deal.
U.S. housing outlook stuck in a lull as economy dulls: Reuters poll
U.S. house prices are forecast to rise this year at the slowest pace in more than half a decade, as a dearth of single-family homes and higher mortgage rates restrain activity in an already-expensive market, a Reuters poll of housing analysts found.
SEC asks judge to hold Tesla’s Musk in contempt of violating deal
The U.S. Securities and Exchange Commission on Monday said a federal court should hold Tesla Inc Chief Executive Officer Elon Musk in contempt for violating last year’s settlement with the federal agency due to new statements made on Twitter, sending s…
Oil falls more than 3 percent as Trump blames OPEC for ‘too high’ prices
Oil futures tumbled more than 3 percent on Monday in their largest daily percentage drop this year after U.S. President Donald Trump called on OPEC to ease its efforts to boost crude prices, which he said were “getting too high.”
Wall Street rises after Trump stirs China trade hopes again
Wall Street’s three major indexes ended higher on Monday but well below the session’s highs after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports.
