Trump ups ante on China, threatens duties on nearly all its imports
U.S. President Donald Trump warned on Friday he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion of goods on top of $200 billion in imports primed for levies in coming days.
No more neutral rate? The shine comes off the Fed’s r-star
In a speech last month Federal Reserve Chair Jerome Powell voiced doubts about the usefulness of some of the key economic measures officials have been relying on to guide U.S. interest rate policy in recent years.
Wall Street ends lower on tariff worries
Wall Street’s major indexes fell on Friday as U.S. President Donald Trump raised the possibility of additional tariffs on imports of Chinese goods and reports suggested that products from Apple Inc could be subjected to those levies.
Canada’s Freeland sees ‘very good progress’ in NAFTA trade talks
Canada’s top trade negotiator said on Friday she and her U.S. counterpart were making “very good progress” in talks to save the North American Free Trade Agreement amid increasing Canadian optimism that a deal could be reached, even if a conclusion did…
Tire maker Pirelli abandons Venezuela, adding to business exodus
Manufacturer Pirelli said on Friday it had ceased operations in Venezuela, selling its car tire factory for an unspecified amount and adding to the flood of foreign businesses abandoning the crisis-wracked country.
Proxy adviser ISS backs call for safety report at Smith & Wesson parent
Proxy adviser Institutional Shareholder Services on Friday recommended that investors vote in favor of a shareholder proposal at American Outdoor Brands Corp, parent of gun maker Smith & Wesson, calling for a report on the safety of the company’s products.
World stock markets fall, trade fears and rate hikes worries weigh
World share indexes limped toward their worst week in almost six months on Friday and trading was volatile as investors weighed solid economic data against expectations for interest rate hikes and escalating U.S.-China trade tensions.
Change Ahoy: Mondelez’s new strategy weighs on earnings outlook
Mondelez International Inc forecast smaller-than-expected earnings growth for 2019 as Chief Executive Dirk Van de Put unveiled a series of strategic changes, sending the Chips Ahoy-maker’s shares down 2.8 percent on Friday
Strong U.S. sales could ease profit worries into 2019
A healthy outlook for U.S. revenue growth stands to soothe stock investors worried about the effect on corporate profits from tax cuts wearing off next year.
SEC charges microcap investors in ‘pump-and-dump’ schemes
The U.S. Securities and Exchange Commission said on Friday it has charged 10 individuals and 10 associated entities in long-running microcap “pump-and-dump” schemes.
