Asian stocks extend recovery, China rallies on stimulus hopes
Asian stocks extended gains on Friday thanks to Wall Street scoring all-time highs, as investors gravitated to the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared.
Wells Fargo to cut headcount by 5-10 percent in next three years
Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan.
Caterpillar leans on old playbook to cope with Trump tariffs
Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old.
Fed’s Powell between a rock and hard place: Ignore the yield curve or tight job market?
Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast.
Walmart warns Trump tariffs may force price hikes: letter
Walmart Inc said that it may hike prices of products if the Trump administration imposes a tariff on Chinese imports, according to a letter the company wrote to U.S. Trade Representative Robert Lighthizer two weeks ago and seen by Reuters on Thursday….
Facebook to drop on-site support for political campaigns
Facebook Inc said on Thursday that it would no longer dispatch employees to the offices of political campaigns to offer support ahead of elections, as it did with U.S. President Donald Trump in the 2016 race.
Asian stocks extend recovery as trade worries take back seat
Asian stocks extended gains on Friday after Wall Street’s S&P 500 set a new all-time high, while the dollar slipped on views that Beijing’s and Washington’s fresh exchange of tariffs may be less damaging than initially feared.
Walmart warns Trump tariffs may force price hikes: The Hill
Walmart Inc has issued a warning in a letter to U.S. Trade Representative Robert Lighthizer that it may have to raise prices due to tariffs on Chinese imports, CNN Money reported.
Tesla VP of global supply management resigns: Bloomberg
Tesla Inc’s vice president of global supply management, Liam O’Connor, has resigned, Bloomberg reported https://www.bloomberg.com/news/articles/2018-09-20/tesla-is-said-to-lose-supply-management-chief-as-exodus-worsens, citing sources familiar with th…
NAFTA deal not yet in sight, Canada stands firm on auto tariffs
Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs, sources said.
