• Dollar slides as China raises tariffs, U.S. stocks slip

    5 monthes ago - By Reuters

    NEW YORK - U.S. stocks tumbled on Monday, weighed down by Amazon.com after U.S. President Donald Trump again attacked the online retailer, while the dollar slid as China raised tariffs on U.S. products in an escalating spat between the world's two biggest economies.
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  • Trump's trade war with China is heating up

    Trump's trade war with China is heating up

    5 monthes ago - By Business Insider

    The trade battle between China and the US is heating up.
    China responded to recent steel and aluminum tariffs from President Donald Trump with tariffs on 128 US goods.
    The US will announce the details of a new round of tariffs by the end of the week.
    The trade fight between China and the US is heating up.
    Over the weekend, China unveiled its initial response to President Donald Trump's steel and aluminum tariffs, as 128 US goods will be subject to new import taxes upon entrance to China.
    The tariffs focused on agricultural products and industrial goods - featuring an additional 25% duty on...
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  • Trade worries sink US stocks; China pork duty hits Tyson

    5 monthes ago - By Chron

    NEW YORK - U.S. stocks are tumbling Monday after China raised import duties on U.S. pork, apples and other products. Tyson Foods is among the biggest losers on Wall Street. Investors are also dumping some of their recent favorites, including retailers like Amazon and technology companies such as Microsoft.
    Health insurer Humana is jumping on continued reports Walmart might buy the company or announce a new partnership with it.
    KEEPING SCORE: The Standard & Poor's 500 index skidded 58 points, or 2.2 percent, to 2,582 as of 11:38 a.m. Eastern time. The Dow Jones industrial average lost 442...
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  • Amazon shares fall 6 percent as Trump renews attack

    5 monthes ago - By Reuters

    Shares of Amazon.com Inc fell 6 percent on Monday after U.S. President Donald Trump again attacked the online retailer over the pricing of its deliveries through the United States Postal Service and promised unspecified changes.
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  • Wall Street Dragged Down by Amazon, Tech Weakness

    5 monthes ago - By NY Times

    A dreadful week for technology stocks worsened on Monday as Amazon and Tesla shares fell further, setting a grim tone for markets already worried about China's decision to raise import tariffs on U.S. products.
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  • Amazon shares fall four percent as Trump renews attack

    5 monthes ago - By Reuters

    Shares of Amazon.com Inc fell 4 percent on Monday after U.S. President Donald Trump again attacked the online retailer over the pricing of its deliveries through the United States Postal Service and promised unspecified changes.
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  • The egg industry presented the White House with a Melania Trump-inspired, rhinestone-encrusted egg that opens to reveal a tiny version of the first couple

    The egg industry presented the White House with a Melania Trump-inspired, rhinestone-encrusted egg that opens to reveal a tiny version of the first couple

    5 monthes ago - By Business Insider

    Melania Trump was presented with an egg covered in rhinestones with tiny versions of herself and the president inside as part of the White House's Easter celebrations.
    The Commemorative Egg is an American Egg Board tradition that began at the White House egg roll in 1977.
    This year's egg is entitled "Wings of Prayer" and inspired by Melania Trump's "elegance."
    Melania Trump is now the proud owner of a rhinestone-covered egg that opens to reveal a tiny version of herself and her husband, President Donald Trump.
    On Monday, The American Egg Board presented the first lady with a...
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  • US stocks sink on trade concerns; China pork duty hits Tyson

    5 monthes ago - By Chron

    NEW YORK - U.S. stocks are skidding Monday morning after China raised import duties on U.S. pork, apples and other products. Tyson Foods is among the biggest losers on Wall Street. Investors are also selling retailers and other companies that focus on consumers, including Amazon. Health insurer Humana is jumping on continued reports Walmart might buy the company or announce a new partnership with it.
    KEEPING SCORE: The Standard & Poor's 500 index fell 21 points, or 0.8 percent, to 2,619 as of 10:05 a.m. Eastern time. The Dow Jones industrial average lost 65 points, or 0.3 percent, to...
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  • Pace of US factory growth slipped in March

    5 monthes ago - By Chron

    WASHINGTON - U.S. manufacturers say they expanded at a slower pace in March.
    The Institute for Supply Management, a trade group of purchasing managers, reports that its manufacturing index slipped to 59.3 last month from February's reading of 60.8, which had been the highest since 2004. Any score above 50 signals growth.
    The categories of new orders, production and employment each fell in March for manufacturers, even though the underlying numbers remained positive.
    Multiple companies surveyed for the index said that the introduction of steel and aluminum tariffs by President Donald Trump...
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  • Trump reportedly invited Vladimir Putin to the White House

    Trump reportedly invited Vladimir Putin to the White House

    5 monthes ago - By Business Insider

    President Donald Trump suggested Russian President Vladimir Putin could visit the White House, the Russian news outlet TASS reported on Monday. The US hasn't responded to the report yet.
    Kremlin aide Yuri Ushakov told reporters that he hopes the two leaders can continue discussions about a possible summit, but no details have been confirmed.
    The US and Russia have been at odds lately over the poisoning of Russian dissident Sergei Skripal in the UK. The US and its European allies have blamed Russia for the attack.
    President Donald Trump has invited Russian President Vladimir Putin to visit...
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  • Here's How Trump Is Expected to Retaliate Against China's New Tariffs

    5 monthes ago - By Fortune

    The U.S. and China are inching ever closer to a full-out trade war.
    After Chinese tariffs of up to 25% on 128 U.S. goods, including wine, fruits, nuts, and frozen pork, went into effect Monday, Trump is this week expected to further specify the tariffs on $60 billion of annual imports of Chinese goods that he first announced on March 22.
    While China's tariffs primarily punish American foods, new American restrictions on Chinese imports are expected to focus on the technology sector, and specifically on goods in which the Chinese government has expressed a strategic interest through its...
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  • Wall St. falls as China tariffs revive trade war fears

    5 monthes ago - By Reuters

    U.S. stocks fell on Monday as China's decision to raise import tariffs on U.S. products revived global trade war fears and technology stocks remained under pressure.
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  • Wall St. to open lower as China tariffs revive trade war fears

    5 monthes ago - By Reuters

    Wall Street was set to start the second quarter on a downbeat note on Monday as China's decision to raise import tariffs on U.S. products revived global trade war fears and technology stocks remained under pressure.
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  • Morning News: April 2, 2018

    5 monthes ago - By Crossing Wall Street

    China Urges More Trade Talks as Tariffs on U.S. Goods Begin
    Japanese Businesses Plan More Investment Even as Sentiment Slips
    Bahrain's Biggest Oil Find Since 1932 Dwarfs Reserves
    U.S. Futures Point to Fall Amid Trade Worries
    NTSB ‘Unhappy' With Tesla Over Crash Disclosures
    Cloudflare Announces a Faster, More Private Internet Directory
    Alibaba Bets Big On Local Delivery in a $9.5 Billion Deal
    Spotify: A Look At Valuation
    Silicon Valley Rivals Take Shots at Facebook
    Mall Vacancies Reach Six-Year High as Retail Slump Batters Local Economies
    Retailers Race Against Amazon to Automate...
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  • Trump, Abe to discuss trade after U.S. aluminum, steel tariffs-White House

    5 monthes ago - By Reuters

    WASHINGTON - U.S. President Donald Trump will discuss "reciprocal trade and investment ties" with Japan's prime minister Shinzo Abe during a visit later this month, the White House said on Monday.
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