Wall Street drops on escalating U.S.-China trade war
U.S. stocks slid on Wednesday, led by industrial shares, after Washington’s threat to impose tariffs on an additional $200 billion worth of Chinese goods raised fears of an escalating trade war.
Trump told Pfizer CEO price hikes hurt his drug plan: source
U.S. President Donald Trump called Pfizer Chief Executive Ian Read on Tuesday to say the company’s July 1 price hikes had complicated the administration’s drug pricing plans, prompting the company to defer its planned increases, according to a source f…
Facebook faces small but symbolic UK fine over data protection breaches
Britain’s information regulator slapped Facebook with a small but symbolic fine for breaches of data protection law after millions of users’ data was improperly accessed by consultancy Cambridge Analytica.
Oil pares losses after U.S. crude stocks fall most since 2016
Oil futures pared losses briefly Wednesday after U.S. crude inventories fell the most in nearly two years, before trading lower in a volatile session in which supplies from Libya and Iran were expected to increase.
Canada’s Tim Hortons to enter China as it battles slump at home
Fast-food company Restaurant Brands International said on Wednesday it plans to open 1,500 outlets of its Canadian coffee-and-donut chain Tim Hortons in China over the next decade, capitalizing on a growing cafe culture in the world’s second-largest e…
Trump, Pfizer CEO Ian Read spoke about drug pricing: source
U.S. President Donald Trump called Pfizer Chief Executive Ian Read on Tuesday to say the company’s July 1 price hikes had complicated the administration’s drug pricing plans, prompting the company to defer its planned increases, according to a source f…
U.S. House Speaker Ryan: tariffs not the way to go in China trade dispute
U.S. House of Representatives Speaker Paul Ryan said on Wednesday tariffs are not the right tool to use in the trade dispute with China, although Beijing engages in unfair trade practices.
Bullish central bank news lifts euro, Canadian dollar
The euro rose to a daily high on Wednesday after a report that European Central Bank policymakers were split over when the central bank would raise rates next year.
Wall Street slides as U.S.-China trade war escalates
U.S stocks slid on Wednesday amid a broad selloff on escalating trade war tensions after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods.
U.S. May wholesale inventories revised higher
U.S. wholesale inventories were a bit higher than initially estimated in May amid strong increases in the stocks of machinery and a range of other goods.
