Trump, Juncker voice desire to reduce tariffs, trade tensions
U.S. President Donald Trump and the European Union’s chief executive, Jean-Claude Juncker, both expressed a desire on Wednesday to cut tariffs and ease trade transatlantic trade tensions as a high-stakes White House meeting got underway.
Global stock rally adds fourth straight day as trade fears ebb
Global stocks extended their rally into a fourth consecutive day on Wednesday as investor optimism over corporate earnings trumped concern about the trade war.
FCC chairman stands by Sinclair Tribune merger review decision
Federal Communications Commission Chairman Ajit Pai said on Wednesday he stands by the decision to refer Sinclair Broadcast Group Inc’s $3.9 billion proposed acquisition of Tribune Media Co for review by an administrative law judge despite critical c…
Options traders on edge as Qualcomm-NXP deal deadline looms
Traders in the U.S. options market braced for a large near-term move in the shares of chipmaker Qualcomm Inc and NXP Semiconductors with hours to go before the deadline to get China’s nod for a $44 billion deal.
Boeing’s refueling tanker woes obscure profit beat, shares fall
Boeing Co on Wednesday posted better-than-expected quarterly profit and revenue but shares dropped as much as 3.6 percent after it reported $426 million in higher costs on its long-delayed KC-46 aerial refueling tanker program.
U.S. car tariffs seen as focus as Trump meets EU’s Juncker
The European Union’s chief executive was set to confront U.S. President Donald Trump on Wednesday over Trump’s efforts to impose car tariffs, with the high stakes meeting seen as a potential first step in launching more comprehensive trade talks.
Trump says he hopes to strike trade deal with Europe
U.S. President Donald Trump said on Wednesday he hopes to work out a fair and reciprocal trade deal between the United States and Europe as he welcomed the head of the European Commission to the White House for talks.
Tech stocks lead Wall Street higher; Boeing weighs on Dow
The benchmark S&P 500 and the Nasdaq rose on Wednesday on gains in technology stocks, while Boeing’s disappointing results weighed on the Dow Jones Industrial Average.
Tariffs cause GM, FCA to trim 2018 profit forecasts, stocks hit
Tariffs were partly to blame for lowered full-year forecasts by General Motors Co and Fiat Chrysler Automobiles NV (FCA) , pummeling the stocks of both automakers on Wednesday as investors feared escalating trade disputes would hurt margins and sales….
Trade concerns, earnings haunt equity market rally
A three-day world stock market rally threatened to stall on Wednesday as investors fretted over the impact of tariffs on corporate earnings and awaited a meeting between U.S. and European officials that could inflame a trade war.
