Fed official frets over risks to Apple Pay, other mobile payments
Mobile payment services such as Apple Pay could run into reimbursement problems in some instances, and fintech firms in general must be more sensitive to risks, Federal Reserve Bank of Atlanta President Raphael Bostic said on Tuesday.
Oil prices edge lower ahead of G20, OPEC meetings
Oil prices dipped on Tuesday, weighed down by uncertainty over the U.S.-China trade war and signs of increased global crude production, but losses were limited by expectations that crude exporters would agree to cut output at an upcoming OPEC meeting.
Former Facebook worker says firm not doing enough to deal with racial discrimination
A former Facebook Inc employee who worked closely with racial minority groups said in a blog post https://www.facebook.com/notes/mark-s-luckie/facebook-is-failing-its-black-employees-and-its-black-users/1931075116975013 on Tuesday that he left this mo…
Stocks modestly higher on China trade-deal hopes; dollar rises
Stocks on Wall Street eked out modest gains on Tuesday as traders remained hopeful that the United States and China can work toward resolving their trade-related differences at the upcoming G20 Summit.
White House ‘disappointed’ in China trade response before Trump-Xi meeting
U.S. President Donald Trump is open to a trade deal with China but is prepared to hike tariffs on Chinese imports if there is no breakthrough on longstanding trade irritants during a Saturday night dinner with Chinese leader Xi Jinping, White House eco…
White House adviser says Trump may announce GM shutdown consequences
White House economic adviser Larry Kudlow on Tuesday indicated President Donald Trump may announce specific ramifications for General Motors Co’s plans to cut thousands of jobs and potentially close some of its North America plants.
Trump warns U.S. may cut off GM subsidies after job cuts
U.S. President Donald Trump said the White House is looking at cutting subsidies for General Motors Co after the largest U.S. automaker said it would close four plants in the United States and layoff thousands of workers.
White House adviser says China-U.S. trade deal still possible
White House economic adviser Larry Kudlow said on Tuesday that U.S. President Donald Trump will have a dinner meeting with Chinese President Xi Jinping at the upcoming G20 gathering in Argentina and also held open the possibility that the two countries…
Wall Street dips as tariff worries push industrials lower
U.S. stocks dipped in choppy trading on Tuesday after President Donald Trump’s threat to move ahead with additional tariffs on Chinese goods weighed on industrial stocks.
Milan prosecutors wrap up Gucci tax probe, trial likely: source
Milan prosecutors have wrapped up their probe into alleged tax evasion of around 1 billion euros ($1.13 billion) by fashion group Gucci, paving the way for a formal request for a trial, a judicial source said on Tuesday.
