Trump studying new auto tariffs after GM restructuring
U.S. President Donald Trump said on Wednesday that new auto tariffs were “being studied now,” asserting they could prevent job cuts such as the U.S. layoffs and plant closures that General Motors Co announced this week.
Fed’s Powell, in apparent dovish shift, says rates near neutral
U.S. Federal Reserve Chair Jerome Powell injected investors with a strong dose of optimism on Wednesday, saying that the central bank’s policy rate is now “just below” estimates of a level that neither brakes nor boosts a healthy U.S. economy, comments…
Saudi Arabia inks deal for Lockheed’s missile defense system
Saudi Arabia will buy Lockheed Martin’s $15 billion missile defense system, a U.S. Department of State spokesman said on Wednesday, after aggressive lobbying by the administration to close the deal that included a personal call between President Donal…
Supply chain reaction: trade war refugees race to relocate to Vietnam, Thailand
Fred Perrotta spent four years building a network of Chinese suppliers for his line of trendy backpacks, but as soon as the United States announced tariffs on almost half of its Chinese imports, he started looking for suppliers in other countries.
Trump administration to examine tools to raise U.S. tariffs on Chinese autos
U.S. Trade Representative Robert Lighthizer said on Wednesday that he was examining all available tools to raise U.S. tariffs on Chinese vehicles to the 40 percent duties that China is now charging on U.S.-produced vehicles.
Jewish Americans sue Airbnb over West Bank listing ban
A group of Jewish Americans sued Airbnb Inc on Wednesday in U.S. federal court, accusing the home rental company of religious discrimination over its decision last week to remove listings for about 200 homes in the Israeli-occupied West Bank.
Judge orders new talks in Fiat Chrysler diesel emissions case
A federal judge in San Francisco on Wednesday ordered the U.S. Justice Department and Fiat Chrysler Automobiles NV to hold new talks with a court-appointed settlement master to try to settle the government’s civil suit over the Italian-American automa…
Wall Street surges on hints of fewer rate hikes, dollar falls
Comments by Federal Reserve Chair Jerome Powell that benchmark U.S. interest rates were “just below” neutral sparked a sharp rally on Wall Street on Wednesday, easing investor worries about the pace of rate hikes by the U.S. central bank next year.
Wall Street jumps as Powell hints interest rate hikes may taper off
Federal Reserve Chair Jerome Powell boosted U.S. stock markets on Wednesday when he said the policy rate is now “just below” estimates of a level that neither brakes nor boosts a healthy economy, comments that many took as signaling the Fed’s three-yea…
Apple’s iPhone XR is company’s best-selling model, executive says
Apple Inc’s iPhone XR has been the company’s best-selling iPhone model every day since it went on sale in mid-October, a company executive told Reuters on Wednesday.
