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Pentagon puts $10 billion JEDI contract on hold after Trump suggests it favored Amazon

The Pentagon has decided to put on hold its decision to award a $10 billion cloud computing contract after President Donald Trump said his administration was examining Amazon.com Inc's bid following complaints from other tech companies.



3 years ago

Texas joins states suing to stop T-Mobile, Sprint deal as trial delayed

Texas on Thursday joined 13 states seeking to stop T-Mobile US Inc's $26 billion merger with Sprint Corp, saying it would mean higher cellphone service prices for consumers, as a judge delayed a trial in their lawsuit until Dec. 9.



3 years ago

Global stocks pummeled by Trump's tariffs, safe-havens surge

Global stocks are set to take another beating on Friday after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month.



3 years ago

Tariff wars: Duties imposed by Trump and U.S. trading partners

U.S. President Donald Trump said on Thursday he would impose a 10% tariff on the remaining $300 billion of Chinese imports starting Sept. 1, after negotiators failed to make progress in U.S.-China trade talks.



3 years ago

Free-spending consumers lift company profits, but Trump tariffs now loom

U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products



3 years ago

PG&E negotiates price cuts on five solar, battery contracts

PG&E Corp on Thursday told a U.S. bankruptcy judge that it had reached agreements to cut prices by at least 10% on five power contracts, according to court papers.



3 years ago

U.S. banking regulators examined Amazon's cloud in April - WSJ

Federal banking regulators had inspected Amazon.com Inc's Virginia facility earlier in April, the Wall Street Journal reported on Thursday, citing people familiar with the matter.



3 years ago

Explainer - Trump's China tariffs: Paid by U.S. importers, not by China

With U.S. President Donald Trump's announcement on Thursday of tariffs on another $300 billion of Chinese imports, nearly all goods from China will be subject to import taxes, and Trump says they generate billions of dollars in revenues for the U.S. Treasury from China.



3 years ago

Trump hits China with more tariffs, says Xi moving too slow on trade

U.S. President Donald Trump said he plans to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1 and could raise tariffs further if China's President Xi Jinping fails to move more quickly to strike a trade deal.



3 years ago

Trump's tariffs jolt global stocks, lift safe-haven assets

Global stocks took another beating on Friday while investors piled on to safe-haven assets after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month.



3 years ago

Trump hits China with more tariffs, says Xi moving too slowly on trade

U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply raising the stakes in a bruising trade war with China and jolting global financial markets.



3 years ago

Oil prices rebound after Trump trade tariffs trigger plunge

Oil prices rose more than $1 on Friday, rebounding from their biggest falls in years after U.S. President Donald Trump imposed more tariffs on Chinese imports, intensifying the trade war between the world's two biggest economies and crude consumers.



3 years ago

Senior China diplomat says more U.S. tariffs incorrect way to resolve trade dispute

Threatening more tariffs on Chinese goods was not a correct or constructive way to resolve the U.S.-China trade dispute, senior Chinese diplomat Wang Yi said on Friday after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports starting Sept. 1.



3 years ago

Trump's tariffs jolt global stocks, trigger rush to safety

Global stocks took another beating on Friday with investors piling into safe-haven assets after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports starting Sept. 1.



3 years ago

Boeing to change 737 MAX flight-control software to address flaw: sources

Boeing Co plans further changes to the software architecture of the 737 MAX flight-control system to address a flaw discovered after a test in June, two people briefed on the matter said late on Thursday.



3 years ago