China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world's top two economies.
The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.
Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world's major economies grew closer together.
U.S. stocks fell on Friday after China threatened to impose additional tariffs on $75 billion worth of U.S. goods, ahead of a highly anticipated speech from Federal Reserve Chair Jerome Powell.
Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market.
The head of a broad coalition of Japanese, German and South Korean automakers warned on Friday that renewed punitive Chinese tariffs on U.S. autos would hurt U.S. vehicle exports to China and put U.S. jobs at risk.
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NCFA Canada | Aug 9, 2019 JOIN US ON A STORYTELLING JOURNEY EVERY FRIDAY. Aug 23: Techfins with Michael R. King, PhD CFA EP36 GUEST: MICHAEL R. KING, PhD CFA, Lansdowne Chair in Finance, Gustavson School of Business, University of Victoria, (Linkedin) HOST: Manseeb Khan, Fintech Friday's show host BIO: Professor Michael R. King is the
At least three members of Facebook's Libra organization are considering leaving the operation due to intense regulatory scrutiny.
The idea came up as the White House brainstorms on ways to avoid a preelection economic slowdown, The Washington Post reports.
Qualcomm Inc won a partial stay against the enforcement of a sweeping antitrust ruling in a lawsuit brought by the Federal Trade Commission (FTC), according to a court filing on Friday.
President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, a rhetorical strike at Beijing as trade tensions mounted.
Wall Street's main indexes lost more than 1% on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative to China" after Beijing officials earlier retaliated by imposing tariffs on U.S. goods.
Wall Street's three main indexes lost about 1% on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative to China" after Beijing officials earlier retaliated by imposing tariffs on U.S. goods.