Canada, U.S. resume NAFTA talks amid growing optimism
Canada has three days to tackle contentious issues when it resumes talks with the United States on Wednesday to salvage the trilateral North American Free Trade Agreement amid signs Ottawa was open to taking a more conciliatory approach.
Gun policy, Under Armour weakness hit Dick’s Sporting sales
Dick’s Sporting Goods reported a bigger-than-expected drop in quarterly same-store sales on Wednesday and forecast further declines this year, hit by tighter gun controls and a drop in Under Armour sales.
U.S. second-quarter GDP growth raised to 4.2 percent; consumer spending cut
U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3 percent annual growth.
U.S. pending home sales fall in July amid supply constraints
Contracts to buy previously owned homes fell in July, continuing a general trend in recent months that reflects a lack of supply in the market.
U.S. goes to WTO to challenge Russian response to Trump’s steel tariffs
The United States launched a complaint against Russia at the World Trade Organisation (WTO) on Wednesday, challenging measures introduced by Russia in response to recent U.S. tariffs on global steel and aluminum exports.
Canada’s Freeland says optimistic about NAFTA talks this week
Canadian Foreign Minister Chrystia Freeland said on Wednesday progress made by the United States and Mexico to resolve their trade differences set the stage for productive talks toward a revamped North American Free Trade Agreement.
Wall Street opens slightly higher as tech stocks gain
U.S. stocks opened slightly higher on Wednesday, with help from technology stocks, but trade was in focus as investors awaited progress on trade talks between the United States and Canada and eyed next week’s deadline for consultations on fresh China-U…
Gun control steps hurt Dick’s Sporting sales, shares slip
Dick’s Sporting Goods reported a bigger-than-expected drop in quarterly same-store sales and forecast further declines this year due to tighter controls on gun sales, sending its shares down 8 percent.
World stocks slip as uncertainty over NAFTA nags
Global stocks eased on Wednesday on uncertainty over Canada’s position in NAFTA, and with investors also nervous ahead of a deadline for the next round of China-U.S. tariffs next week.
U.S. second-quarter GDP growth revised up to 4.2 percent
U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years, as businesses boosted spending on software and imports declined.
