U.S. consumer spending accelerates; job market strengthening
WASHINGTON (Reuters) – U.S. consumer spending posted its biggest gain in five months in April, a further sign that economic growth was regaining momentum early in the second quarter, while inflation continued to rise steadily.
U.S. hits allies with tariffs as trade war fears rise
WASHINGTON/PARIS (Reuters) – The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, ending months of uncertainty about potential exemptions and reigniting fears of a global tr…
Wall St. lower as fresh tariffs rekindle trade war fears
(Reuters) – U.S. stocks fell on Thursday after the United States decided to impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, sparking fresh worries over a trade war with its top allies.
As Trump talks of trade losses, China is a win for U.S. East Coast ports
CHARLESTON, S.C. (Reuters) – For America’s fastest growing East Coast ports, trade with China equals billions of dollars of investment and thousands of well-paid jobs in the heart of Trump country and not, as the president portrays it, the death knell …
U.S. levies steel, aluminum tariffs on allies, risks trade war
WASHINGTON/PARIS (Reuters) – Washington will impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico from midnight on Thursday, ending months of uncertainty over potential exemptions and sharply escalating the risk of a …
SoftBank invests $2.25 billion in GM’s self-driving cars; shares soar
(Reuters) – Japan’s SoftBank Group Corp will invest $2.25 billion in General Motors Co’s autonomous vehicle unit, Cruise, the companies said on Thursday, announcing a deal that validates the venerable Detroit automaker’s leadership in self-driving ca…
Wall Street dips as trade war concerns take center stage
(Reuters) – U.S. stocks fell on Thursday after the United States decided to impose metal import tariffs on Canada, Mexico and the European Union, sparking fresh concerns of a trade war with its top allies.
Deutsche Bank’s U.S. operations deemed ‘troubled’ by Fed a year ago: WSJ
FRANKFURT (Reuters) – The United States Federal Reserve last year designated Deutsche Bank AG’s U.S. operations to be in “troubled condition”, The Wall Street Journal reported, citing people familiar with the matter.
Wall Street set to open flat as trade concerns temper Italy optimism
(Reuters) – Wall Street was set to open flat on Thursday as optimism over renewed efforts in Italy to form a government were countered by worries of a looming trade war with the European Union.
U.S. consumer spending accelerates; weekly jobless claims fall
WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in April, a further sign that economic growth was regaining momentum early in the second quarter, while inflation continued to rise steadily.
