Trump’s next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?
WASHINGTON (Reuters) – U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days.
Tech tumbles ahead of crucial week for quarterly results
SAN FRANCISCO (Reuters) – U.S. technology stocks tumbled on Friday ahead of a crucial week of quarterly reports from Alphabet, Facebook and other heavyweights as investors worried that the high-performance sector may be running out of fuel.
U.S. banks push mortgage apps as home lending slows
NEW YORK (Reuters) – Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows.
Flat yield curve? Not to worry, Fed policymakers say
CHICAGO/SAN FRANCISCO (Reuters) – As the gap between short- and long-term borrowing costs hovers near its lowest in 10 years, some investors worry the so-called yield curve is flashing red: that a recession, always preceded by such a flattening, could …
Apple, bond concerns lead Wall Street slide
(Reuters) – U.S. stocks fell on Friday, as Apple led a decline in technology stocks on concerns about weak iPhone demand and investors worried about the impact of a rise in U.S. bond yields.
EU suspects tax fraud at China’s new gateway to Europe
MADRID/ATHENS (Reuters) – European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece’s largest port of Piraeus, a trade gateway between China and Europe, officials said.
Walmart could buy controlling stake in Flipkart as early as next week: sources
MUMBAI (Reuters) – Walmart Inc could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday.
Japan’s Takeda sweetens $62 billion Shire offer
TOKYO/LONDON (Reuters) – Japan’s Takeda Pharmaceutical nudged up its offer for Shire to 44.3 billion pounds ($62 billion) on Friday to try to persuade the rare-disease drugs specialist into talks after it rejected three previous proposals.
Trump rails against high oil prices, OPEC pushes back
WASHINGTON/JEDDAH, Saudi Arabia (Reuters) – U.S. President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices, drawing rebukes from some of the world’s top energy exporters.
PSA union solidarity frays as Opel workers resist cuts
FRANKFURT/PARIS (Reuters) – Planned job cuts at carmaker Opel will save enough cash to meet owner PSA Group’s turnaround targets, the works council chief said on Friday, as Opel workers’ rejection of further concessions began to draw criticism from oth…
