U.S.-China trade talks end with no breakthrough as tariffs kick in
U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of dueling tariffs on $16 billion worth of each country’s goods.
Gap’s namesake brand posts disappointing sales; shares fall
Apparel retailer Gap Inc’s namesake brand reported a bigger-than-expected drop in quarterly same-store sales, overshadowing strength in revenue and profit beat and pushing the company’s shares down nearly 7 percent in after-market trading on Thursday….
White House says U.S. discussed economic fairness in China trade talks
The United States and China concluded two days of discussions on trade on Thursday and discussed “how to achieve fairness, balance, and reciprocity in the economic relationship, including by addressing structural issues in China,” the White House said….
Wall St. weighed by new round of U.S.-China tariffs
Wall Street’s major indexes fell on Thursday as trade-sensitive stocks were hit by a fresh round of tariffs in the trade dispute between the United States and China.
Microsoft faces U.S. bribery probe over sales in Hungary: WSJ
Microsoft Corp is being investigated by U.S. authorities over potential bribery and corruption related to software sales in Hungary, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
HP Inc tops estimates, raises full-year adjusted profit forecast
HP Inc reported better-than-expected quarterly results and raised its full-year adjusted profit forecast on Thursday, as it benefits from strong growth in its personal systems business and its acquisition of Samsung’s printer business.
Fed poised to raise rates, but maybe not much farther
Federal Reserve policymakers broadly agree that U.S. interest rates should rise further this year and next, despite U.S. President Donald Trump’s displeasure with such a plan, two policymakers’ comments underscored on Thursday.
Fed poised to raise U.S. rates, but maybe not much farther
Federal Reserve policymakers broadly agree that U.S. interest rates should rise further this year and next, despite U.S. President Donald Trump’s displeasure with such a plan, two policymakers’ comments underscored on Thursday.
Oil, copper slip as U.S.-China trade fight escalates
Oil and copper prices edged lower on Thursday as the U.S.-China trade dispute escalated while global equity markets fell as gains in U.S. technology shares failed to offset declines in commodity-related and trade-sensitive stocks.
General Mills changing Nature Valley labels after lawsuit’s pesticide claim
General Mills Inc agreed to stop calling the oats in its Nature Valley granola bars 100 percent natural to settle a lawsuit by three consumer groups that said the bars contained small amounts of the pesticide commonly known as Roundup.
